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.
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.
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.
Spirometer Market is segmented based on the type, applications, companies and regions.
By Type, Spirometer Market has been segmented into
The end user’s industry application on Spirometer Market is,
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.
Reports Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 10.5% during the review period (2022 to 2027). |
By Type |
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By Application |
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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 |
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.
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?
Hand-held Spirometer, Table-top Spirometer, Desktop (PC) Spirometer, Others.
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.
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