DUBLIN--(BUSINESS WIRE)--The "Spirometer Market by Product (Device, Consumables, Accessories, Software), Mechanism (Flow Sensor, Peak Flow Meters), Application (COPD, Asthma), End User (Hospital, Clinical Laboratories, Home care, Industrial Settings) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The spirometry equipment market is projected to reach USD 1,047 million by 2023 from USD 655 million in 2018, at a CAGR of 9.8% during the forecast period.
The rising global incidence of chronic respiratory diseases, increasing global aging population, and technological shifts in spirometer devices toward smartphone-based data connectivity and analysis are factors expected to drive market growth during the forecast period. Emerging economies with growing industrialization are also expected to provide opportunities for the growth of the market.
Consumables & accessories accounted for a significant share of the market in 2018
By product, the spirometry equipment market is segmented into consumables & accessories, devices, and software. The devices segment is further categorized into PC-based, portable, and table-top spirometer devices. In 2018, the consumables & accessories segment accounted for the largest market share. This segment is also expected to grow at the highest CAGR during the forecast period. The rising incidence of chronic respiratory diseases and technological advancements are driving the growth of this product segment.
COPD segment accounted for the largest share of the spirometry equipment market in 2018
On the basis of application, the spirometry equipment market is segmented into COPD, asthma, and other applications. In 2018, the COPD segment accounted for the largest share of the spirometry equipment market. The large share of this segment can be attributed to the rising global prevalence of respiratory diseases and the increasing global aging population.
North America dominated the spirometry equipment market in 2018
North America, which includes the US, Canada, and Mexico, accounted for the largest share of the spirometry equipment market. The large share of this market segment can be attributed to the increasing incidence of chronic respiratory diseases in this region. In addition to this, the increasing aging population is also driving the growth of this market.
Market Dynamics
Drivers
- Rising Incidence of Respiratory Diseases
- Growth in Geriatric Population
- Technological Shift Towards Smartphone-Based Data Collection
Restraints
- Time Required to Perform the Test
Opportunities
- Emerging Economies
Challenges
- Need for Skilled Professionals and the Possibility of Inaccuracy
Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market
Definition
1.3 Currency
1.4 Limitations
1.5 Stakeholders
2 Research Methodology
2.1 Secondary Data
2.2 Primary Data
2.3
Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5
Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Spirometers: Market Overview
4.2 North
America: Spirometers Market, By Product (2018)
4.3 Geographical
Snapshot of the Spirometers Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
6 Spirometers Market, By Product
6.1 Introduction
6.2
Consumables & Accessories
6.3 Devices
6.4 Software
7 Spirometers Market, By Mechanism
7.1 Introduction
7.2
Flow-Sensing Spirometers
7.3 Peak Flow Meters
8 Spirometers Market, By Application
8.1 Introduction
8.2 COPD
8.3
Asthma
8.4 Other Applications
9 Spirometers Market, By End User
9.1 Introduction
9.2
Hospitals
9.3 Clinical Laboratories
9.4 Home Care Settings
9.5
Industrial Settings
10 Spirometers Market, By Region
10.1 Introduction
10.2 North
America
10.3 Europe
10.4 Asia Pacific
10.5 Rest of the
World
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
Analysis, 2017
11.3 Key Strategies
11.4 Competitive Leadership
Mapping (2017)
11.5 Competitive Leadership Mapping for Startups
(2017)
12 Company Profiles
12.1 Hill-Rom
12.2 Vyaire Medical
12.3
Fukuda Sangyo
12.4 Chest M.I.
12.5 Schiller AG
12.6 MGC
Diagnostics
12.7 Medical International Research
12.8 NDD
Medizintechnik AG
12.9 Vitalograph
12.10 Midmark Corporation
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