Global Spirometer Market Size & Share, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

  • TBI738002
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Global Spirometer Market

The global spirometer market size was valued at USD 672.5 million in 2017 and is expected to expand at a CAGR of 9.4% over the forecast period. Dramatic increase in incidence of Chronic Obtrusive Pulmonary Diseases (COPD), rising levels of air pollution, and technological improvements in monitoring solutions are some of the key factors contributing to the worldwide market growth. Manufacturers have initiated developing spirometers and peak flow meters with innovative features and designs to simplify lung volume testing procedures for patients as well as medical professionals. Market players are now focusing on comfort and convenience of patients. In addition, companies are also adopting innovative packaging procedures to prevent chances of bacterial infections. High prevalence of chronic obstructive pulmonary disease is attributed to rising levels of air pollution and environmental changes. COPD accounts for the second most common lung disorder in the world. Chronic respiratory diseases are responsible for around 4 million deaths. According to the United States Department of Health and Human Services (HHS), more than 830,000 people were diagnosed with COPD in 2011. This number has increased by around 27% over the past decade. Earlier research studies indicated that in more than 50% cases the disease remains undiagnosed. In addition, worsening air pollution levels and environmental conditions are giving rise to asthma cases. Hence, additional measures need to be undertaken to manage COPD. Thus, demand for spirometers and peak flow meters is anticipated to grow exponentially in near future. The American Thoracic Society and the European Respiratory Society have been proactively working on the standardization of spirometry measurements and global guidelines have been introduced to ease overall management of respiratory diseases.

Market Segmentation, Outlook & Viewpoint: Global Spirometer Market

Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Hand Held Table Top Desktop Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Volume Measurement Flow Measurement Peak Flow Measurement Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Asthma COPD Cystic Fibrosis Pulmonary Fibrosis Others End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Hospitals & Clinics Home Healthcare

Key Players, Recent Developments & Regional Insights: Global Spirometer Market

On the basis of application, the spirometer market is segmented into asthma, chronic obstructive pulmonary disease, cystic fibrosis, pulmonary fibrosis, and others. Among these, COPD dominated the market in 2017. Asthma, on the other hand, is likely to witness the fastest growth rate over the forecast period. According to WHO, around 65 million people worldwide are suffering from mild to severe COPD. The Centers for Disease Control and Prevention (CDC) states that by 2020, treatment cost for chronic obstructive pulmonary disease is likely to reach USD 90 billion from USD 59 billion in 2016. Medicare, Medicaid, and private insurance covered around 51%, 25%, and 18% of these costs respectively, in 2010. Asthma affects over 230 million people across the globe. The burden of asthma is more in urban area with environmental exposures. According to the European Respiratory Society (ERS), total healthcare burden imposed by asthma management is over USD 20 billion. The loss of productivity incurred due to poor asthma management in terms of monetary value nearly equals USD 10 billion each year. End Use Insights Hospitals and clinics dominated the end use segment of the market for spirometers in 2017 due to extensive usage of spirometry in hospital settings and private practices. However, home healthcare is likely to witness the fastest growth rate in the coming years. Rising preference for management of asthma and other such respiratory diseases at home is expected to drive the market growth. Compact spirometers are used by patients and their families for rehabilitation, in the comfort of their own home for short- and long-term requirements. Homecare for patients with respiratory diseases improves their survival chances, reduces morbidity, and boosts overall quality of life. Mostly, people with asthma and COPD require monitoring at home.

Regional Insights

North America dominated the market in terms of revenue share in 2017 as it has a large patient base with respiratory disorders. North America is an early adopter of technology and around 25 million people in U.S. suffer from asthma. On the other hand, over 12 million people suffer from COPD. In 2017, the Europe market for spirometers was the second largest regional segment and was dominated by Germany. European countries such as France, Germany, and Italy are likely to showcase impressive growth rate over the forecast period. Some of the emerging market players based in Europe are Progetti srl, Medical International Research, Cosmed srl (Italy), Sibelmed (Spain), and Ganshorn Medizin Electronic, Geratherm Medical AG, Medset Medizintechnik GmbH (Germany).  The Asia Pacific market for spirometers is expected to witness the fastest growth in the coming years. Rising geriatric population in Japan and China, is expected to promote the emergence of the market in this region. Spirometer Market Share Insights The market has a mix of companies who manufacture the entire range of respiratory devices and companies who focus on the design and development of spirometers alone. Some of the important market participants are Smiths Medical, Schiller AG, Nihon Kohden Corporation, etc. Strong product portfolio is the key factor influencing market domination of certain companies. Having a wide range of solutions catering to a broader consumer base supports the companies to have a better market presence. Technological developments in the mechanism of spirometry are leading to new product developments. New companies are entering the market with products based on innovative technologies. For instance, in March 2018, a Swedish start-up NuvoAir launched a hand held spirometer product called Air Next. These palm size spirometers employ Bluetooth wireless technology and are specially designed for home use.

Key Insights Covered: Global Spirometer Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Spirometer industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Spirometer industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Spirometer industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Spirometer industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Spirometer industry.

Research Methodology: Global Spirometer Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Research Methodology
  1.1 Information Procurement
  1.2 Data AnalysisChapter 2 Executive Summary
  2.1 Market SnapshotChapter 3 Market Variables, Trends & Scope
  3.1 Market Segmentation and Scope
      3.1.1 Market driver analysis
          3.1.1.1 Rise in prevalence of chronic respiratory diseases
          3.1.1.2 Growing preference for home healthcare
          3.1.1.3 Technological advancements in the field of spirometry
      3.1.2 Market restraint analysis
          3.1.2.1 Lack of standard policies in terms of reimbursement
  3.2 Penetration & Growth Prospe
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