DUBLIN, Oct. 22, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/g8xhp2/spirometer_market) has announced the addition of the "Spirometer Market by Product, Technology, End-user, Application & Geography - Global Forecast to 2020" report to their offering.
The global spirometer market is expected to reach USD 858.6 Million by 2020, at a CAGR of 9.8% from 2015 to 2020.
This report on the global spirometer market is analyzed and segmented on the basis of product, technology, end user, application, and geography. It analyzes the competitive developments, such as alliances, joint ventures, and mergers & acquisitions in the global market. This market is also examined with an explicit focus on high-growth applications and fastest-growing market segments.
Factors responsible for growth of this market include aging population, technological advancements, rising incidences in smoking and asthma cases, and chronic obtrusive pulmonary diseases (COPD).
By product, the global spirometer market is classified into table-top, hand-held spirometer, and desktop (PC). Table-top spirometer are widely used in clinics and hospitals. The table-top spirometer segment is expected to grow at a CAGR of 9.7% from 2015 to 2020. Desktop spirometer are mainly used to diagnose cases of chronic obstructive diseases, tuberculosis, black lung, and other respiratory diseases. These spirometer are reliable for pre/post- ronchodilator use, with automatic interpretation and reversibility analysis. Hand-held spirometer are user-friendly that makes them acceptable for use in general practice and homecare, especially by asthma patients and smokers.
Based on technology, the global market is classified into volume measurement, flow measurement, and peak flow meters. Flow spirometer are used at home to self-check the patient's ability to breathe properly. Volumetric spirometer provide real-time readings and immediate results, and are used primarily at healthcare facilities, clinics, and hospitals. Peak flow meters are commonly used to help diagnose asthma; this segment accounts for the second-largest share in the market, by technology.
Based on application, the spirometer market is segmented into diagnostic applications and therapeutic applications. The diagnostic application includes evaluation of symptoms, signs, or abnormal laboratory tests, and it has accounted for the highest market share in the spirometer market. The therapeutic application is utilized post-surgical procedures (such as lung surgery) for continuous monitoring and improvement evaluation.
Based on end user, the market is segmented into hospitals, clinics, homecare, and others.
Factors such as technological advancements, government regulations, rise in incidences of respiratory diseases, increase in healthcare expenditure, and improvements in healthcare infrastructure are driving the market in this region. Asia-Pacific is expected to witness a high growth rate in the spirometer market, due to rise in incidences of chronic diseases and increase in awareness regarding the availability of various respiratory care monitoring and therapeutic devices in this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Spirometer Market, By Product
6 Spirometer Market, By Technology
7 Spirometer Market, By Application
8 Spirometer Market, By End User
9 Spirometer Market, By Geography
10 Spirometer Market: Competitive Landscape
11 Spirometer Market, By Company
- Carefusion Corporation - Cosmed - Futuremed - Jones Medical Instrument Company - Medical International Research - Mgc Diagnostics Corporation - Midmark Corp. - Ndd Medical Technologies, Inc. - Nihon Kohden Corporation - Schiller Ag - Vitalograph - Welch Allyn
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SOURCE Research and Markets