Global Spirometer Market Analysis and Forecast Report

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Dublin, July 02, 2021 (GLOBE NEWSWIRE) – The report “Spirometer Market – Forecasts from 2021 to 2026” has been added to ResearchAndMarkets.com offer.

The global spirometer market is expected to grow at a compound annual growth rate of 8.16% during the analyzed period to reach a market size of US $ 2.198 billion in 2026, from US $ 1.269 billion in 2019.

The growing causes of chronic invasive lung disease in the main driver of the market. Spirometers are used as diagnostic and therapeutic devices to treat lung disease. In addition, favorable government policies and increased health spending will increase the demand for spirometers. Technological advances open up new prospects for market growth.

Tabletop spirometer to hold significant market share of global spirometer industry

On the basis of the platform, the global spirometer market is divided into spirometers for PC or notebook, notebook and tabletop. Spirometers for PCs or laptops have a great influence on the growth of the market due to more accurate results and technological advancement of these devices.

Tabletop spirometers, on the other hand, are calculated to grow at a favorable rate during the forecast period. Technological advancements in this segment will drive the growth of the market. Cosmed, for example, offers a tabletop spirometer with an internal rechargeable battery, LCD display and built-in thermal printer, and printing pediatric incentive graphics on volume and flow, using PEF and FVC technology. In addition, these spirometers do not require a computer or power cables, which makes them unique. However, the presence of substitutes such as forced oscillation techniques may hamper the market outlook for this segment.

The hospital and the clinic will have a major share of the market

On the end user side, the market is fragmented into hospitals, clinics, ambulatory care units and households. The demand of hospitals and clinics for spirometers is believed to dominate the market demand for spirometers during the forecast period. Hospitals and clinics are industries where spirometers are used for diagnostic and therapeutic purposes. The increase in COPD cases is driving the demand for spirometers for treatment in hospitals.

In addition, investments and infrastructure development in the healthcare segment are supporting the growth of the segment. The government of India, for example, announced a 2.37-fold increase in health sector investment in the 2021-2022 Union budget and US $ 87.85 billion was to be invested in the sector over the next 6 years, thus providing ample room for maneuver to the Indian Spirometer Market.

The North American region will have a huge share in the global spirometer market while the Asia-Pacific region will project huge growth prospects during the forecast period.

On the basis of geography, the global spirometer market is divided into North America, South America, Europe, Middle East and Africa, and Asia-Pacific region. The North American region is expected to hold a huge share of the spirometer market amidst its advanced infrastructure and high spending in the healthcare sector.

The US federal government is estimated to spend around US $ 1.2 trillion on health care in 2019, which is equivalent to 16.9% of the country’s GDP. While Canada devotes 10.7% of its GDP to health care. The growth of the healthcare industry offers huge market prospects for the spirometer device.

However, the spirometer market in Asia-Pacific is expected to show tremendous growth due to increased spending in the healthcare sector, both from government and direct spending. In addition, the deterioration of air quality in the region due to industrialization and urbanization has increased cases of COPD and the demand for spirometers for diagnosis and treatment.

Covid Information

The coronavirus pandemic has had a moderate impact on the spirometer market. An increase in the need for better healthcare to deal with the virus has resulted in increased healthcare spending by the government, which has widened the scope of the spirometer market. However, a sharp increase in demand for oximeters, which are a close substitute for spirometers, has consumed a considerable market for spirometers which is slowing their growth.

Main topics covered:

1. Introduction
1.1. Market definition
1.2. Market segmentation

2. Research methodology
2.1. Research data
2.2. Hypotheses

3. Executive summary
3.1. Research Highlights

4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Porters Five Forces Analysis
4.4. Industry value chain analysis

5. Global Spirometer Market, By Platform
5.1. introduction
5.2. PC or laptop
5.3. By hand
5.4. Table top

6. Global Spirometer Market, By Type
6.1. introduction
6.2. Pneumotachometer
6.3. Incentive spirometer
6.4. Windmill type spirometer
6.5. Tilt-compensated spirometer
6.6. Other

7. Global Spirometer Market, By Technology
7.1. introduction
7.2. Volumetric spirometer
7.3. Flow measurement spirometer

8. Global Spirometer Market, By Application
8.1. introduction
8.2. Diagnostic
8.3. Therapeutic

9. Global Spirometer Market, By End User
9.1. introduction
9.2. Hospitals
9.3. Clinical
9.4. Ambulatory care units
9.5. Households

10. Global Spirometer Market, By Geography

11. Competitive environment and analysis
11.1. Major players and strategic analysis
11.2. Emerging players and lucrative market
11.3. Mergers, acquisitions, agreements and collaborations
11.4. Supplier competitiveness matrix

12. Company profiles

  • Hill-Rom Services Inc.
  • Schiller
  • SDI diagnostics
  • Vitalograph
  • Jones Medical Device Company
  • MIR (International Medical Research)
  • MGC diagnosis
  • Geratherm Respiratory GmbH
  • NDD medical technologies

For more information on this report, visit https://www.researchandmarkets.com/r/a3qe8y


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