NEW YORK, Feb. 10, 2016 /PRNewswire/ -- Spirometer Market, by Product (Hand-held, Table-top, Desktop (PC)), by Technology (Volume Measurement, Flow Measurement, Peak Flow Meters (PFM)), by End User, by Application, by Geography – Global Forecast to 2020
A spirometer is an instrument used to measure the air inhaled into and exhaled out of the lungs. It provides a simple of way of measuring lung volume and capacity, and is used in pulmonary tests. It helps in diagnosing respiratory diseases (such as asthma, bronchitis, emphysema, and COPD), shortness of breath, exposure to chemicals at work, lung function before surgery, effect of medication, and progress in disease treatment.
Most spirometers depict a volume time graph and a flow volume graph, which help in examining a patient's pulmonary functions. The application of spirometers has become easier with the help of technological advancements in the field of respiratory care devices. Key factors influencing the growth of the market in the U.S. and Europe are policies mandating the use of respiratory devices, and lack of awareness of respiratory diseases and their symptoms.
The global spirometer market is expected to reach USD 858.6 million by 2020, at a CAGR of 9.8% from 2015 to 2020. Growing aging population, rising incidences of chronic obtrusive pulmonary diseases (COPD), technological advancements in the field of respiratory care devices, and tight budgets of healthcare institutions are major factors influencing the growth of the spirometer market.
A spirometer is used to measure airway obstructions among patients exhibiting symptoms of respiratory disorders. Usage of spirometry in primary care is expected to be helpful in certain cases, wherein it provides accurate results. Self-monitoring by a spirometer lead to early detection of acute exacerbations of chronic obstructive pulmonary disease (COPD) however, it requires training and supervising of high-quality spirometer by experts.
The global spirometer market report studies major regions, such as North America, Europe, Asia-Pacific, and rest of the world (RoW).
In 2015, North America is expected to account for the largest share of 41% of the global spirometer market. One of the main factors contributing to this high share is the increase in smoking population and rise in the number of asthma and COPD patients. However, fluctuating reimbursement rates, stringent regulations for medical devices, and high cost of spirometers are factors restricting its market growth.
The report includes company profiles of major players, recent activities in the market, new product launches, mergers & acquisitions, collaborations and partnerships, and SWOT analysis. Some of the companies profiled in this report are CareFusion (U.S.), Philips Healthcare (Netherlands), Schiller (Switzerland), Welch Allyn, Inc. (U.S.), SDI Diagnostics (U.S.), Cardiotech (Australia), MIR Medical International Research S.r.l (Italy), Vitalograph (U.K.), MGC Diagnostics Corporation (U.S.), NDD Medical Technologies (U.S.), SDI Diagnostics (U.S.), Jones Medical Corporation (U.S.), Gerathern Respiratory GmbH (Germany), Thor Medical Systems (Hungary), Fukuda Sangyo Inc. (Philippines), Nihon Kohden Corporation (Japan), and nSpire Health Inc. (Germany), among others.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis, namely, industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles. All of these together comprise and discuss the basic views on the competitive landscape, usage patterns, emerging- and high-growth segments, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities of the global spirometer market.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help companies garner a higher market share. Firms purchasing this report could use any one or a combination of the below mentioned five strategies to strengthen their market share.
The report provides insights on the following pointers:
• Product Analysis and Development: Detailed insights on upcoming technologies, research and development activities, and new product launches in the global spirometer market are provided.
• Market Development: Comprehensive information about lucrative markets is provided. The report also analyzes the spirometer market across various regions, exploit new distribution channels, new clientele base, and different pricing policies.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments made in the global spirometer market are provided. Detailed description regarding related and unrelated diversification pertaining to this market is also provided.
• Competitive Assessment: Offers an in-depth assessment of market share and company share analysis of key players. It also helps to develop business strategies and manufacturing capabilities of leading players, which in turn enhances the bottom line of companies operating in the global spirometer market.
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