The
global Spirometer Market size is expected to reach USD
1.53 billion by 2026, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 9.6% over the forecast period. The prevalence of chronic
respiratory diseases is rising worldwide among adults as well as children. Over
2 billion people are currently estimated to be exposed to air pollution on a
regular basis, driving the incidence rate of respiratory disorders. Diagnosis
and monitoring of respiratory diseases have become crucial in hospitals as well
as home settings.
Around
230 million people are affected by asthma across the globe. In addition, around
30% of pediatric hospitalizations are attributed to asthma. Asthma and related
respiratory disorders have been increasing due to worsening environmental
conditions. Spirometry is an effective method to diagnose and monitor
respiratory health. The American Thoracic Society and the European Respiratory
Society have been proactively working on the standardization of spirometry
measurements and global guidelines.
The
developed countries such as the U.S. have standard reimbursement policies
dedicated for spirometry through Medicare, Medicaid, and third-party insurance.
The national spirometry amounts were increased due to revised Medicare Fee
Schedule, 2018.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/spirometer-market
https://www.grandviewresearch.com/industry-analysis/spirometer-market
Further Key Findings From the Report Suggest:
- The
steadfast increase in the incidence of chronic obtrusive pulmonary
diseases (COPD) and adoption of technological advanced diagnostic devices
are some of the key factors responsible for the growth of spirometers
market across the globe
- Table top
spirometers dominated the type segment in terms of revenue share in the
year 2018 as table top spirometers are widely used in the hospitals,
clinics, and other diagnostic centers
- Desktop
spirometers are likely to witness the fastest growth in the coming years
as the computer based spirometry has become more popular among the
physicians as it reduces paperwork and offers automatic result
interpretation
- Flow
measurement spirometers dominated the technology segment in terms of
revenue share in the year 2018. On the other hand, peak flow measurement
spirometers are anticipated to grow at the fastest rate over the forecast
period.
- Among the
applications, COPD held majority of the market share in 2018 pertaining to
the steep rise in cases of COPD across the globe. Whereas, asthma is
expected to grow at the fastest rate in the years to come.
- In the end
use segment, hospitals and clinics held the largest market share in 2018
due to the extensive use of spirometry in primary care settings. However,
home healthcare segment is likely to experience impressive growth rate in
the coming years.
- North
America dominated the market in terms of revenue share in 2018 as it has a
large patient base with respiratory disorders. On the other hand, Asia
Pacific region is expected to showcase the fastest growth rate due to the
emerging economies such as China and India.
- Some of the
key players in the spirometer market include Smiths Medical, Schiller AG,
Nihon Kohden Corporation, Vyaire Medical, Inc., SIBELMED, etc.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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