Global Spirometry Market Report
Market Overview
Spirometry is a technique to examine the health, functioning, and situation of lungs. A rise in the adoption of unhealthy lifestyle habits like smoking has increased the number of patients with serious lung ailments. The rise in global pollution levels has added to the tally of this market and is growing at considerable speeds. The rise in lung diseases like chronic obstructive pulmonary diseases (COPD), asthma, and others has increased the demand for spirometry. An increase in the geriatric population has also increased the need for spirometry, as they need immediate and effective treatments.
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The demands for the latest and non-invasive techniques have pushed the market players to introduce new devices, which has provided sufficient growth to this market and will continue the same. The rise in global populations has increased the load on healthcare facilities, which has increased the testing time. This has created the demands for homecare setting devices that help get fast results and save the patients from long queues at the hospitals. The companies are readily investing in research & development programs to unfold the new aspects, imposing an extra load on the market and will help the market gain accelerated speeds.
Apart from the uses and features, the global spirometry market faces challenges from weak reimbursement policies and high testing costs, which has restrained the global market growth. This report offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global spirometry marketplace. The worldwide market is anticipated to sign in approximately 10 % annual growth in this era.
Spirometry Market – Competitive Landscape
Prominent players in the spirometry market include Carefusion Corporation (U.S.), NDD Medical Technologies, Inc. (U.S.), Nihon Kohden Corporation (Germany), MGC Diagnostics Corporation (U.S.), Vitalograph (U.K.), Schiller AG (Switzerland), COSMED srl (Italy), Hill-Rom Holdings, Inc. (U.S.), Midmark Corporation (U.S.), Smiths Medical Inc. (U.S.), and Koninklijke Philips N.V. (The Netherlands).
Market Division:
The global spirometry market is segmented into classes as follows:
The global spirometry market is characterized as handheld spirometry, desktop (PC) spirometry, and tabletop spirometry based on types of products.
The global spirometry market is characterized by a peak flow meter (PFM), volume measurement spirometry, flow measurement spirometry, and others based on technology.
The global spirometry market is characterized by diagnostic and treatment monitoring based on applications.
The global spirometry market is characterized by homecare, hospitals, clinics, and others based on end-users.
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Regional Classification
Due to the rising pollution levels, adopting unhealthy habits, and increasing awareness, the spirometry market has gained global adoption. The global spirometry market is divided into North America, the Asia Pacific, Europe, and the rest of the world. The North American region is currently leading the market due to the well-established healthcare system, high disposable incomes, an increase in research & development activities, and others. Whereas, the Asia Pacific region will file the fastest growth during the survey due to a rise in disposable incomes, fast-developing healthcare systems, demands for better treatments, vast population, growing awareness, and other factors.
Industry News
The global spirometry market is growing at considerable speeds due to the fast rise in geriatric population, and growing lung ailments. The tabletop segment holds the major part of the market. Currently, the North American region holds a major share of the market. On the other hand, the Asia Pacific region will grow with the highest growth rate.
Intended Audience
- Device Manufacturers
- Device Suppliers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
- Technology investors
- Venture capitalists
- Government organizations
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Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Prevalence Of Asthma And COPD
4.2.2 Rise In The Number Of Smokers
4.2.3 Technological Advancements In The Field Of Respiratory Care Devices
4.3 Restraints
4.3.1 Limited Reimbursement Scenario
4.3.2 High Cost Of Spirometers
4.3.3 No Single, Effective Diagnostic Device For Every Respiratory Disorder
4.4 Opportunities
4.4.1 Increasing Use Of Combination Therapy
4.4.2 Increasing Demand In Developing Countries
4.5 Macroeconomic Indicators
4.6 Technological Trends
4.6.1 The Recent Technological Advancements Have Increased The Appeal Of Spirometry
Continued…
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