Spirometry Market Overview
Market Research Future (MRFR) analysed the global spirometry market 2020 through the review period till 2023. The spirometry market can value about USD 1,106.46 Mn by 2023. A surge in sales of spirometry sales is being observed in COVID 19 pandemic. In addition, the growing demand for spirometers as respiratory disorders, such as chronic obstructive pulmonary disorders (COPD) and asthma becomes prevalent, can support the expansion of the market. Government initiatives launched to curb smoking habits and take care about increasing cases of breathing diseases, alongside control air pollution can favor the spirometers market in the analysis period.
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Spirometry Market Segmentation
The segment study of the global spirometry market is done by end-user, application, technology, and product.
The product-based segments of the spirometry market are hand-held spirometry, table-top spirometry, and desktop (PC) spirometry among others. The table-top spirometry segment can acquire about 49.9% share of the market through the study period. The hand-held and desktop segments can acquire decent share of the global market. The rise in adoption of spirometers across hospitals and clinics can support the market surge. As per MRFR analysis, the desktop segment can register about 10.58% CAGR through the forecast period.
The technology-based segments of the spirometry market are volume spirometry, measurement spirometry, and peak flow meters (PFM). The flow measurement spirometry segment can hold about 50.3% share of the market. The increase in the demand for lightweight and compact table-top spirometer among clinicians can support the market rise. The PFM technology segment can expand at 10.58% CAGR through the forecast period and earn about USD 149.76 Mn by 2023.
The application-based segments of the spirometry market are treatment and diagnostic. The sub-segments of the diagnostic segment are interstitial pulmonary fibrosis, asthma, and COPD. The diagnostic segment can secure nearly 68.93% share of the global market by 2023 as the prevalence of breathing diseases is observed to increase. The treatment monitoring segment can earn about USD 353 Mn by 2023 from USD 214.12 Mn in 2018.
The end-users-based segments of the spirometry market are research & academic institutes, hospitals & clinics, home care, and diagnostic centers. The home care segment can rise at 9.90% CAGR to generate about USD 71.14 Mn by 2023.
Spirometry Market Regional Analysis
Trends and factors influencing the regional expansion of the spirometry market is assessed across Americas, EU, APAC, and the Middle East & Africa (MEA).
In the Americas, the spirometry market is expected to secure the maximum share of the worldwide market, following APAC and EU. The Americas spirometry market expansion can be attributed to the rapid adoption of advanced technologies by cash-rich regions. The existence of a large patient pool those afflicted with respiratory issues can cause the regional market to rise at 10.25% CAGR through the forecast period.
In Europe, the spirometry market can expand at high pace across the review period. The regional market can thrive at USD 322.33 Mn by 2023. The increase in asthma cases and surge in the healthcare expenditure by countries of the region, such as Germany and France, can support the expansion of the market in the analysis period.
In MEA, the spirometry market expansion can expand at decent CAGR across the analysis period as improvements in the healthcare infrastructure are observed. The surge in healthcare budgets across Qatar, Kuwait, and Dubai can promote the market across the review period.
In APAC, the spirometry market can expand at 10.94% CAGR through the forecast period. Increase in high cases of chronic malaises, rise in awareness about respiratory devices, and hike in healthcare budgets across developing nations can favor the market through the review period.
Spirometry Market Competitive Dashboard
Hill-Rom Holdings, Inc. (U.S.), Vitalograph (U.K.), Smiths Medical Inc. (U.S.), Nihon Kohden Corporation (Germany), MGC Diagnostics Corporation (U.S.), COSMED srl (Italy), Schiller AG (Switzerland), Midmark Corporation (U.S.), Carefusion Corporation (U.S.), NDD Medical Technologies, Inc. (U.S.), and Koninklijke Philips N.V. (The Netherlands) are some prominent players that are functioning in the global spirometry market that are listed by MRFR.
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List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 CPT CODE TEST DESCRIPTION (JANUARY 2018)
TABLE 4 ICD-9 CODES FOR SPIROMETRY
TABLE 5 GLOBAL SPIROMETRY MARKET, BY PRODUCT 2015-2023 (USD MILLION)
TABLE 6 GLOBAL SPIROMETRY MARKET FOR TABLE-TOP SPIROMETRY, BY REGION 2015-2023 (USD MILLION)
TABLE 7 GLOBAL SPIROMETRY MARKET FOR HAND-HELD SPIROMETRY, BY REGION 2015-2023 (USD MILLION)
TABLE 8 GLOBAL SPIROMETRY MARKET FOR DESKTOP (PC) SPIROMETRY, BY REGION 2015-2023 (USD MILLION)
TABLE 9 GLOBAL SPIROMETRY MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 10 GLOBAL SPIROMETRY MARKET FOR FLOW MEASUREMENT SPIROMETRY, BY REGION 2015-2023
List of Figures
FIGURE 1 GLOBAL SPIROMETRY MARKET: MARKET STRUCTURE
FIGURE 2 RESEARCH PROCESS OF MRFR
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACH
FIGURE 4 PORTER’S FIVE FORCES MODEL
FIGURE 5 SUPPLY CHAIN: GLOBAL SPIROMETRY MARKET
FIGURE 6 GLOBAL SPIROMETRY MARKET, BY PRODUCT 2017 & 2023 (USD MILLION)
FIGURE 7 GLOBAL SPIROMETRY MARKET, BY TECHNOLOGY 2017 & 2023 (USD MILLION)
FIGURE 8 GLOBAL SPIROMETRY MARKET, BY APPLICATION 2017 & 2023 (USD MILLION)
FIGURE 9 GLOBAL SPIROMETRY MARKET, BY END USER 2017 & 2023 (USD MILLION)
FIGURE 10 GLOBAL SPIROMETRY MARKET, BY REGION 2017 & 2023 (USD MILLION)
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