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Spirometer Market with Top Competitors Philips Healthcare, Schiller, Welch Allyn, Inc., SDI Diagnostics and Global Forecast to 2024

“Global Spirometer Market Industry Trends and Forecast to 2024”
Global Spirometer Market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market.

Global Spirometer Market By Product Type (table-top spirometer, hand-held spirometer, pc based spirometer), By Technology (volume measurement spirometer, flow measurement spirometer, peak flow meter), By Disease (asthma, bronchitis, emphysema, chronic obstructive lung disease, lung cancer, others), By Disposable components (filters, sensors, tubes), By Application (diagnostics, therapeutics), By End-user (hospitals, clinics, homecare), By Distribution Channel (over the counter, direct tender)By Geography (North America, Europe, APAC, South America, Middle East and Africa)– Industry Trends and Forecast to 2024

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Global Spirometer Market is expected to reach USD 1,041.3 million by 2024 from USD 553.9 million in 2016, at a CAGR of 8.3%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Major Players: Global Spirometer Market

Some of the major players operating in this market are:-

  • BD,
  • Midmark Corp.,
  • Welch Allyn,
  • SDI Diagnostics,
  • Geratherm Respiratory GMBH,
  • among others.

INCREASING PREVALENCE OF RESPIRATORY DISEASES

Respiratory disease encompasses some pathological conditions which affect respiratory organs including upper respiratory tract, trachea, bronchi, pleural cavity, alveoli, pleura, bronchioles as well as nerves and muscles related to breathing. Respiratory diseases can be classified based on the organ or tissue involved, by the cause of the disease, or by the type and pattern of associated signs and symptoms. The leading five respiratory conditions which account for the great burden to society include chronic obstructive pulmonary disease (COPD), asthma, acute respiratory infections, tuberculosis, and lung cancer. Respiratory diseases are the leading causes of death worldwide.

According to World Health Organization, In China, chronic respiratory diseases are the second primary cause of death. The estimation states that over 50% of Chinese men smoke, whereas smoking rates among women are lower in this country.

INCREASED DEMAND OF HOMECARE SETTING DEVICES

Home diagnosis of pulmonary functions by using home care spirometry which is also known as ambulatory spirometry is primarily used by the lung transplant patients or elderly population. Recently, home spirometry usage has also been increased due to monitor lung function in asthmatics patients. Home spirometry usually operates through battery. These electronic spirometry devices monitor daily pulmonary function tests and lung disorders for the lung transplant patients when they are away from clinic or hospitals. Pulmonary function tests data are transmitted to the hospital’s or clinic’s computers as well as in smart phones from the patients’ home through wireless connections. Companies are manufacturing smart spirometry devices so patients can easily diagnose and detect lung related disorders at home and share the data to the clinicians. As the geriatric population is rising the demand of homecare setting is also increasing.

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Market Segmentation: Global Spirometer Market

The spirometer market is segmented on the basis of product type, technology, disease, disposable components, application, end-user and distribution channel. On the basis of product type, the Global spirometer market is segmented into table-top spirometer, hand-held spirometer and pc based spirometer. In 2017, table-top spirometer is expected to dominate the Global spirometer market with 39.3% market share and is expected to reach USD 404.4 million by 2024, growing a CAGR of 8.2% in the forecast period 2017 to 2024.

On the basis of technology, the spirometer market is segmented into volume measurement spirometer, flow measurement spirometer and peak flow meter. In 2017, flow measurement spirometer is expected to dominate the Global spirometer market with 67.3% market share and is expected to reach USD 719.5 million by 2024, growing at a CAGR of 8.7% in the forecast period 2017 to 2024.

On the basis of disease, the Global spirometer market is segmented into asthma, bronchitis, emphysema, chronic obstructive lung disease, lung cancer, and others. In 2017, chronic obstructive lung disease is expected to dominate the Global spirometer market with 40.5% market share and is expected to reach USD 438.2 million by 2024, growing with the highest CAGR of 8.9% in the forecast period 2017 to 2024.

On the basis of disposable components, the Global spirometer market is segmented into filters, tubes and sensors. In 2017, filters is expected to dominate the Global spirometer market with 74.0% market share and is expected to reach USD 781.6 million by 2024, growing with the highest CAGR of 8.6% in the forecast period 2017 to 2024.

On the basis of application, the Global spirometer market is segmented into diagnostics and therapeutic. In 2017, diagnostics is expected to dominate the Global spirometer market with 65.4% market share and is expected to reach USD 707.2 million by 2024, growing with the highest CAGR of 8.9% in the forecast period 2017 to 2024.

On the basis of end-user, the Global spirometer market is segmented into hospitals, clinics and homecare. In 2017, hospitals is expected to dominate the Global spirometer market with 50.0% market share and is expected to reach USD 537.0 million by 2024, growing at a CAGR of 8.8% in the forecast period 2017 to 2024.

On the basis of distribution channel, the Global spirometer market is segmented into direct tender and over the counter. In 2017, direct tender is expected to dominate the Global spirometer market with 64.4% market share and is expected to reach USD 684.0 million by 2024, growing at a CAGR of 8.6% in the forecast period 2017 to 2024.

Based on geography, the market is segmented into 5 geographical regions, North America, Global, Asia-Pacific, South America and Middle East and Africa.

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