Spirometer Market Global Forecast to 2023 by Product, Mechanism, Applications, End Use Industry, Major Key Players | Hill-Rom (US), Vyaire Medical (US), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG

(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Feb 15, 2021, 08:55 /Comserve / -- The major players operating in this market are Hill-Rom (US), Vyaire Medical (US), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG (Switzerland), MGC Diagnostics (US), Medical International Research (Italy), NDD Medical Technologies (Switzerland)

The spirometry equipment market is projected to reach USD 1,047 million by 2023 from USD 655 million in 2018, at a CAGR of 9.8% during the forecast period. The rising global incidence of chronic respiratory diseases, increasing global aging population, and technological shifts in spirometer devices toward smartphone-based data connectivity and analysis are factors expected to drive market growth during the forecast period. Emerging economies with growing industrialization are also expected to provide opportunities for the growth of the market.

Request to Fill The Form To get Sample Copy of This Report: 

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The major players operating in this market are Hill-Rom (US), Vyaire Medical (US), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG (Switzerland), MGC Diagnostics (US), Medical International Research (Italy), NDD Medical Technologies (Switzerland), Vitalograph (UK), and MidMark Corporation (US).

'Consumables & accessories accounted for a significant share of the market in 2018

By product, the spirometry equipment market is segmented into consumables & accessories, devices, and software. The devices segment is further categorized into PC-based, portable, and table-top spirometer devices. In 2018, the consumables & accessories segment accounted for the largest market share. This segment is also expected to grow at the highest CAGR during the forecast period. The rising incidence of chronic respiratory diseases and technological advancements are driving the growth of this product segment.

'COPD segment accounted for the largest share of the spirometry equipment market in 2018
On the basis of application, the spirometry equipment market is segmented into COPD, asthma, and other applications. In 2018, the COPD segment accounted for the largest share of the spirometry equipment market. The large share of this segment can be attributed to the rising global prevalence of respiratory diseases and the increasing global aging population.

'North America dominated the spirometry equipment market in 2018
North America, which includes the US, Canada, and Mexico, accounted for the largest share of the spirometry equipment market. The large share of this market segment can be attributed to the increasing incidence of chronic respiratory diseases in this region. In addition to this, the increasing aging population is also driving the growth of this market.

Breakdown of supply-side primary interviews, by company type, designation, and region:

• By Company Type: Tier 1 (20%) , Tier 2 (45%), and Tier 3 (35%)
• By Designation: C-level (30%), Director-level (20%), and Others (50%)
• By Region: North America (35%), Europe (24%), Asia (25%), and RoW (16%)

Research Coverage
This report studies the spirometry equipment market based on product, mechanism, application, end user, and region. The report also analyzes factors (such as drivers, opportunities, and challenges) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total spirometry equipment market. The report forecasts the revenue of the market segments with respect to four major regions.

Request to Fill The Form To get Sample Copy of This Report: 

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Reasons to Buy the Report:

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on spirometer products offered by the top 10 players in the spirometry equipment market. The report analyzes the spirometry equipment market by product, mechanism, end user, application, and region
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various spirometers across key geographic regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the spirometry equipment market
• Competitive Assessment: In-depth assessment of market shares and strategies of the leading players in the spirometry equipment market

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.2.1 MARKETS COVERED 15
1.2.2 YEARS CONSIDERED FOR THE STUDY 15
1.3 CURRENCY 16
1.4 LIMITATIONS 16
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 SECONDARY DATA 18
2.1.1 KEY DATA FROM SECONDARY SOURCES 18
2.2 PRIMARY DATA 19
2.2.1 KEY DATA FROM PRIMARY SOURCES 20
2.3 MARKET SIZE ESTIMATION 21
2.3.1 BOTTOM-UP APPROACH 21
2.3.2 TOP-DOWN APPROACH 22
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.5 ASSUMPTIONS FOR THE STUDY 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 28
4.1 SPIROMETERS: MARKET OVERVIEW 28
4.2 NORTH AMERICA: SPIROMETERS MARKET, BY PRODUCT (2018) 29
4.3 GEOGRAPHICAL SNAPSHOT OF THE SPIROMETERS MARKET 30
5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Rising incidence of respiratory diseases 32
5.2.1.2 Growth in geriatric population 32
5.2.1.3 Technological shift towards smartphone-based data collection 33
5.2.2 RESTRAINTS 33
5.2.2.1 Time required to perform the test 33
5.2.3 OPPORTUNITIES 34
5.2.3.1 Emerging economies 34
5.2.4 CHALLENGES 34

Request to Fill The Form To get Sample Copy of This Report: 

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email:
Tel: + 81 3 45720790

MENAFN15022021004694010674ID1101604720