As per Future Market Insights (FMI) – an ESOMAR-certified market research firm, the global spirometer market will reach a valuation of nearly USD 2 billion by 2020, growing at 9.1% CAGR during the period.
The number of people adversely affected by chronic respiratory diseases is increasing at a substantial rate as more than 2 Bn people are exposed to polluted air on regular basis. As such, diagnosing as well as monitoring respiratory diseases has become imperative in home settings and hospitals.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9026
As of now, close to 30% of the pediatric hospitalizations are being attributed to asthma. It’s a known fact that environmental conditions are worsening day by day. As such, spirometry is being recommended by medical fraternities as an effective way of checking through respiratory health.
Also, developed economies like the US do have standard reimbursement policies in place. Some of them are exclusively meant for spirometry via Medicaid, third-party insurance, and Medicare. The revised Medicare Fee Schedule, 2018 let sizable amount (from healthcare) to be diverted to spirometry.
All the trends mentioned above are expected to give an impetus to the spirometer market in the forecast period.
Key Takeaways
- Table top spirometers hold the highest market share as they are broadly used in clinics, hospitals, and the other diagnostic centres
- Due to increasing preference for computer-based spirometry, desktop spirometers are expected to hit the market at the fastest pace in the forecast period
- Economies like India to play a pivotal role in the spirometer market between 2020 and 2030 due to an exponential increase in number of patients suffering from respiratory disorders (resulting out of air pollution. India is amongst the top polluted places across the globe)
Key Participant Insights
The global spirometer market is set to enhance its scope in the forecast period, due to rising number of COPDs and respiratory disorders. In addition to this, multi-purpose spirometers are doing the rounds. The entry of these spirometers is bound to take the market at the “new” normal level in the forecast period.
The key market players covered by FMI include nSpire Health Inc., Vitalograph Ltd., Ndd Medical Technologies Inc., Recorders & Medicare Systems Pvt Ltd., Welch Allyn Inc., Chest M.I. Inc., Minato Medical Science Co Ltd., Geratherm, Medset Medizintechnik GmbH, Medical International Research, Cosmed srl, Sibelmed, and Ganshorn Medizin Electronic.
“The heart– and respiration-related ailments are showing a steep increase at periodic intervals. This ongoing trend is expected to bolster the spirometer market in the forecast period” – says the FMI analyst.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-9026
Spirometer Market: Segmentation
The global Spirometer Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product Type
- device (hand held, desktop, table-top)
- consumables and accessories
- software
Application
- COPD
- Asthma
- cystic fibrosis
- pulmonary fibrosis
Technology
- flow sensor
- peak flow meter
- volume measurement
End-Use
- hospital
- clinical laboratory
- homecare
Geography
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/9026
Spirometer Market Outlook & Key Findings
- The global spirometer market is expected to witness a CAGR of over 9.1% between 2020 and 2030
- North America and Europe collectively hold more than 50% of market share and this scenario is expected to continue in the forecast period
- Covid-19 has prompted players to come up with safety measures in the usage of spirometers
- Use of spirometers in treating cardiovascular ailments and respiratory disorders continues to be a key growth driver
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com