Life Sciences / Spirometer Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Chesterfield Resources Plc (LSE :CHF.L).Vitalograph, Vanguard Mega Cap Index Fund (NYSEArca :MGC)
Spirometer Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Chesterfield Resources plc (LSE :CHF.L).Vitalograph, Vanguard Mega Cap Index Fund (NYSEArca :MGC)
The global Spirometer market is valued at 716.7 million US$ in 2020 is expected to reach 1452.6 million US$ by the end of 2027, growing at a CAGR of 10.5% during 2022-2027.
Spirometer Market Overview
Due to factors like technological advancements, advancements of spirometers and innovation, the global spirometer market is expected to grow over the forecast period. According to WHO, worldwide, around 300 million are affected because of asthma and 250,0000 have died because of asthma globally. In 2019, approx. 65 million people had COPD worldwide out of which 16 million were Americans and the number is expected to grow in the future. Spirometers are widely being used treatment, monitoring, controlling, diagnosis of the respiratory illnesses. Rise in pervasiveness of respiratory disease and smoking and drinking habits fueling the market for spirometers.
Innovations in diagnostic devices mean it is not only convenient to use them but also automatic and portable and helps physicians and clinical researchers in conducting investigational studies. Due to these factors, the demand is expected to grow for spirometers over the forecast period.
The concept of providing treatment to patients in the comfort of their homes has risen the market for spirometer. The increasing population of geriatric people is also contributing in the market growth.
Factors responsible for growth of this market include aging population, technological advancements, rising incidences in smoking and asthma cases, and chronic obtrusive pulmonary diseases (COPD).In the previous year, Global Revenue of Spirometer is nearly 532 M USD; the actual production is about 750 K Units.
Industry News And Developments:
Vitalograph launched next-generation Pneumotrac spirometer in the United States, along with its upgraded Spirotrac 6 software.
Vyaire Medical launched AioCare mobile spirometry system in more than 15 countries across Europe, the Middle East, and Australia.
Recent Development:
Defibrillator FRED easy port came by drone and saved a life
Great success for the SCHILLER defibrillator FRED easyport: the defibrillator was delivered by an autonomous drone and helped to save the life of a cardiac arrest patient. SCHILLER congratulates Everdrone and Karolinska Institutet on their pioneering achievement.
What are the major Applications, Types and Regions for Spirometer Market?
Spirometer Market is segmented based on the type, applications, companies and regions.
By Type, Spirometer Market has been segmented into
Hand-held Spirometer
Table-top Spirometer
Desktop (PC) Spirometer
Others
The end user’s industry application on Spirometer Market is,
Hospital
Clinic
Homecare
Others
Spirometer Market Regional Analysis:
The report offers in-depth assessment of the growth and other aspects of the Spirometer Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The Asia Pacific is expected to witness the fastest growth rate over the forecast period. Improving primary care initiatives for early diagnosis and management of chronic lung diseases such as asthma and COPD are expected to drive the market for spirometers in the Asia Pacific over the forecast period.
Furthermore, Asia-Pacific is anticipated to expand at a significant CAGR of 4.3% during the forecast period, owing to expeditiously improving healthcare systems and rise in healthcare expenditure and awareness regarding benefits of this technology
North America is the largest supplier of Spirometer, with a revenue market share nearly 60% in the previous year. Europe is the second-largest supplier of Spirometer, enjoying revenue market share nearly 21.6% in the previous year.
North America is the largest consumption place, with a consumption market share nearly 37.1% in the previous year. Following North America, Europe is the second-largest consumption place with the consumption market share of 27%.
Spirometer Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Spirometer Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
What is our Spirometer Market report scope?
Reports Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 10.5%during the review period (2022 to 2027).
By Type
Hand-held Spirometer
Table-top Spirometer
Desktop (PC) Spirometer
Others
By Application
Hospital
Clinic
Homecare
Other
By Companies
BD (CareFusion), Schiller, Hill-Rom, Chesterfield Resources plc (LSE :CHF.L). MI., MIR, Vitalograph, Vanguard Mega Cap Index Fund (NYSEArca :MGC), Futuremed
Regions Covered
• North America
• Europe
• Asia-Pacific
• Rest of the World
Countries Covered
• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
120
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Spirometer Report
Evaluate Spirometer market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Spirometer market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Spirometer Market is studied from 2017 - 2027.
Who are the key players in Spirometer Market?
BD (CareFusion), Schiller, Hill-Rom, Chesterfield Resources plc (LSE :CHF.L). MI., MIR, Vitalograph, Vanguard Mega Cap Index Fund (NYSEArca :MGC), Futuremed, Fukuda Sangyo, NDD, SDI Diagnostics, Geratherm, Cosmed, Medikro, Anhui Electronics Scientific Institute, Contec and others.
What are the significant types of Spirometer Market?
What are the major end-use applications of the Spirometer Market?
Hospital, Clinic, Homecare, Other.
What segments are covered in the Spirometer Market report?
The Global Spirometer Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Spirometer Market?
The sample report for the Spirometer Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.