Spirometry Market Insights
The global spirometry market is projected to grow at an exponential CAGR over the coming years. Spirometers are used as a pulmonary function test to measure and analyze lung functions. They are most commonly used to detect conditions such as silicosis, black lung, pulmonary fibrosis, asthma, COPD, tuberculosis, and cystic fibrosis among others. Growing healthcare spending and infrastructural advancement in developing countries is anticipated to augment market growth over the coming years.
Spirometry Market: Product Insights
On the basis of product type, the spirometry market is segmented into hand-held, table-top, and desktop. Table-top spirometers held the largest share in the market followed by desktop spirometers. Table-top spirometers are extensively used in diagnostic centers and healthcare facilities. Also, table-top spirometers can be equipped with a printer and keyboard which are available in compact sizes, thereby increasing demand for this segment.
Spirometry Market: Technology Insights
On the basis of technology, the spirometry market is segmented into volume measurement, flow measurement, peak flow meters, and others. Volume measurement spirometers consist of dry and wet spirometers. Flow measurement spirometers consist of mass flow meters and pneumo-tachograph systems.
Lung function monitoring is very important for people suffering from respiratory ailments. Peak flow meters are used to measure air exhalation. These devices can also be used at home or in clinical establishments to analyze whether a treatment or medication is working and if the patient needs emergency care.
Spirometry Market: Application Insights
On the basis of application, the spirometry market is segmented into therapeutic and diagnostic. The use of these devices in diagnosis occupied a larger share in 2016. Spirometers help diagnose and monitor abnormal respiratory functions and detect signs of lung diseases.
Spirometry Market: End-use Insights
On the basis of end-use, the spirometry market includes hospital, clinic, diagnostic centers, homecare, and others. The demand for spirometers is expected to grow at the highest CAGR in hospitals and diagnostic centers. The high volume of admissions in hospitals is anticipated to increase demand for spirometers over the coming years.
Rising geriatric population is anticipated to increase the demand for spirometers to analyze respiratory patterns in homecare facilities. The need for spirometers is anticipated to increase on account high number of surgeries in hospitals and clinics.
Spirometry Market: Regional Insights
North America is expected to register the largest share by 2025 on account of rising prevalence of respiratory disorders. In the U.S., one of the leading causes of respiratory disorders is tobacco smoke and exposure to harmful pollutants. Some of the factors involved in the growing demand for spirometers are technological developments, growing prevalence of lung diseases, and government regulations implemented in the healthcare sector.
The Asia Pacific region is projected to grow at the highest CAGR over the coming years. Growing geriatric populations and easy availability of financing options is projected to boost demand for spirometry services. Growing government spending for healthcare infrastructure development is anticipated to augment market growth over the coming years.
Spirometry Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase spirometry over the coming years. Some leading consumers in the market include Mayo Clinic, Cleveland Clinic, and Johns Hopkins Hospital among others.
Spirometry Market: Competitive Landscape
Some of the prominent players in the market include Welch Allyn, Futuremed, Midmark Corp., Cosmed, Nihon Kohden Corporation, MGC Diagnostics Corporation, Carefusion Corporation, Medical International Research, NDD Medical Technologies, Inc., Schiller Ag, Vitalograph, and Jones Medical Instrument Company among others. Product advancements and economical cost are expected to boost the demand for spirometers in emerging countries.
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