PUNE, India, October 12, 2015 /PRNewswire/ --
According to a new market research report "Spirometer Market by Product (Hand-held, Table-top, Desktop), Technology (Volume Measurement, Flow Measurement, Peak Flow Meters), End-user (Hospital, Clinic, Homecare), Application, & Geography - Global Forecast to 2020", published by MarketsandMarkets, the Spirometer Market is expected to reach USD 858.6 Million by 2020, at a CAGR of 9.8% from 2015 to 2020.
Browse 111 market data Tables and 128 Figures spread through 187 Pages and in-depth TOC on "Spirometer Market"
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A spirometer is an instrument used to measure the air inhaled into and exhaled out of the lungs. It provides a simple 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.
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. Along with this, high incidences of respiratory diseases, government initiatives, rise in the number of smokers, increasing focus on monitoring respiratory diseases, home use of spirometers, and increasing awareness regarding sophisticated diagnostic techniques are additional factors propelling its market growth. In contrast to this, economic downturn, lack of awareness regarding respiratory diseases and related symptoms, and issues related to reimbursement are some of the major factors restraining the growth of the global spirometer market.
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Some of the major companies operating in the global Spirometer Market include 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.
The research study is aimed at identifying emerging trends and opportunities in the global spirometer market, along with detailed classifications, in terms of revenue. It provides competitive landscape of key players with respect to market size and market share. The research study also includes a detailed segmentation of the global spirometer market, on the basis of product, technology, end user, application, and geography.
Apart from market segmentation, this report also utilizes Porter's Five Forces Analysis, which offers an in-depth analysis of the market by providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and upcoming opportunities in the global spirometer market.
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