Spirometers Market worth US$2.198 billion by 2026
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Spirometers Market – Forecasted from 2019 to 2026”.
The prime factors propelling the growth of the Spirometers market are the growing labor costs, the requirement for proper checking and accountability, and the expanding e-commerce industry.
As per the report, the Spirometers Market is projected to grow at a CAGR of 8.16% to reach US$2.198 billion by 2026, from US$1.269 billion in 2019.
Spirometers are instruments that measure ventilation, i.e. the flow and volume of air inhaled and exhaled by human lungs to conclude the health of lungs and disease presence. Through spirometer, two types of ventilation abnormality, obstructive and restrictive can be located for timely treatment and sounder functioning. Increasing cases of chronic obtrusive pulmonary diseases is an important factor of the market. These are used as diagnostic and therapeutic devices to treat pulmonary disease. Moreover, affirmative government policies and advancing health care expenditure will grow the demand for spirometers. Technological improvement unfolds new possibilities for market growth.
The principal reason for the increase in chronic obstructive pulmonary diseases (COPD) is the degradation of air quality. Moreover, the increasing consumption of tobacco and cigarettes raises the tally of death. Therefore, the increasing prevalence of COPD contributes to the prospects of market growth for the spirometer industry.
Based on application, the spirometer market is divided into diagnostic and therapeutic. The diagnostic application includes the observation of the volume of air inhaled and exhaled to identify whether the patient suffers from COPD. On the other hand, the therapeutic application, treats patients with COPD to enhance lung air intake and out volume and therefore is predicted to hold dominating portion of the market throughout the forecasted period.
On the basis of platform, the global spirometer market is fragmented into PC or Laptop, table-top spirometers, and handheld. PC or Laptop spirometers hold a huge impact on the growth of the market due to having more precise outcomes and technological progression of such devices. Whereas, the Tabletop spirometers are estimated to grow at a promising rate during the forecasted period.
On the basis of end-users, the market is divided into hospitals, clinics, ambulatory care units, and households. The demand from hospitals and clinics for spirometers is estimated to determine the spirometers market demand throughout the forecasted period. Rising cases of COPD are propelling the requirement for spirometers for treatment in hospitals. Besides, investment and infrastructure development in the healthcare division promotes segment growth.
Based on geography, the region of North America is forecasted to possess a dominating share of the spirometer market amidst its state-of-art infrastructure facilities and immense expenditure on the healthcare sector while the Asia Pacific region is estimated to propose large growth forecasts during the period.
As a part of the report, the major players operating in the Spirometers Market, that have been covered are Schiller, SDI Diagnostics, Vitalograph, Hill-Rom Services Inc, Jones Medical Instrument Company, MGC Diagnostics, Geratherm Respiratory GmbH, MIR (Medical International Research), NDD Medical Technologies.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/spirometers-market
This analytics report segments the spirometers market on the following basis:
- By Platform
- PC or Laptop
- By Type
- Culling and Cancelling
- Incentive Spirometer
- Wind-mill type Spirometer
- Tilt-compensated Spirometer
- By Technology
- Volumetric Spirometer
- Flow measuring Spirometer
- By Application
- By End-User
- Ambulatory Care Units
- By Geography
- North America
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
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