What is Spirometer?
The global Spirometer market is expected to witness high growth due to increasing government initiatives. The spirometer is an instrument used to assess lung function by measuring the volume of air inhaled and exhaled from the lungs after maximum inhalation by the patient. It helps in the diagnosis of various respiratory diseases, such as chronic obstructive lung disease (COPD), asthma, bronchitis and emphysema, other conditions that affect breathing, and screening in the occupational environment. The unexplored market in the spirometer industry of the developing economies is creating ample growth opportunities for the global market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Hill-Rom (United States), Vyaire Medical (United States), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG (Switzerland), MGC Diagnostics (United States), Medical International Research (Italy), Progetti Srl (Italy), Cosmed Srl (Italy) and Sibelmed (Spain) |
CAGR | 9.6% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Devices [PC-based, Portable, Table-top], Consumables & Accessories and Software) , by application (COPD, Asthma and Other) and major geographies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Spirometer market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Spirometer market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Hill-Rom (United States), Vyaire Medical (United States), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG (Switzerland), MGC Diagnostics (United States), Medical International Research (Italy), Progetti Srl (Italy), Cosmed Srl (Italy) and Sibelmed (Spain).
Market Overview:
1st May 2019, SCHILLER group acquires Medilog. SCHILLER is a leading international manufacturer and supplier of lectrocardiographs, Holter ECG and blood pressure recorders, spirometers, medical IT solutions, patient monitors and external defibrillators.
The market players are now focusing on the comfort and convenience of patients. The companies are also adopting innovative packaging procedures to prevent the chances of bacterial infections. A growing number of acquisitions and mergers, increasing partnerships and collaborations, and product launches are the latest trends among companies of the global spirometers market. Key players are aware of the progress of numerous studies in the spirometer and are enthusiastic about safeguarding these technologies to render individuality to their offerings.
Influencing Trend:
Technological Shift Towards Smartphone-Based Data Collection and Improving Healthcare Expenditure in Developing Countries
Market Growth Drivers:
Increasing Prevalence of Respiratory Diseases and Growing Generic Population
Challenges:
The Possibilities of Inaccuracy
Restraints:
Time Required to Perform the Test and Lack of Skilled Workforce
Opportunities:
The Growing Demand from Emerging Economies and Technological Improvements in Monitoring Solutions
Key highlights of the Global Spirometer market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Spirometer market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Spirometer market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Spirometer Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Spirometer market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Spirometer market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Spirometer Manufactures, Spirometer Suppliers, Spirometer Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.