Spirometer Market Analysis by Top Competitors Becton, Dickinson and Company, Philips Healthcare, Schiller, Welch Allyn, Inc., SDI Diagnostics, Cardiotech, MIR Medical International Research, Vitalograph, MGC Diagnostics Corporation, NDD Medical Technologi

Spirometer Market is expected to reach USD 340.55 million by 2024 from USD 187.76 million in 2016, at a CAGR of 7.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are increasing prevalence of respiratory diseases, increased demand of homecare setting devices, and rise in the number of smokers. On the other hand, weak reimbursement policies hinder the market growth. The spirometer market in the North America region is leading in U.S.

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The Spirometer Market is segmented on the basis of product type, technology, disease, disposable components, application, end-user and distribution channel. On the basis of product type, the Spirometer Market is segmented into table-top spirometer, hand-held spirometer and pc based spirometer. In 2017, table-top spirometer is expected to dominate the Spirometer Market with 37.5% market share and is expected to reach USD 125.9 million by 2024, growing at a CAGR of 7.6% in the forecast period 2017 to 2024.

On the basis of technology, the Spirometer Market is segmented into volume measurement spirometer, flow measurement spirometer and peak flow meter. In 2017, flow measurement spirometer is expected to dominate the Spirometer Market with 65.5% market share and is expected to reach USD 229.3 million by 2024, growing at a CAGR of 8.3% in the forecast period 2017 to 2024.

On the basis of disease, the Spirometer Market is segmented into asthma, bronchitis, emphysema, chronic obstructive lung disease, lung cancer, and others. In 2017, chronic obstructive lung disease is expected to dominate the Spirometer Market with 35.9% market share and is expected to reach USD 128.7 million by 2024, growing with the highest CAGR of 8.6% in the forecast period 2017 to 2024.

On the basis of disposable components, the Spirometer Market is segmented into filters, tubes and sensors. In 2017, filters is expected to dominate the Spirometer Market with 72.5% market share and is expected to reach USD 250.6 million by 2024, growing with the highest CAGR of 8.1% in the forecast period 2017 to 2024.

On the basis of application, the Spirometer Market is segmented into diagnostics and therapeutic. In 2017, diagnostics is expected to dominate the Spirometer Market with 64.6% market share and is expected to reach USD 229.2 million by 2024, growing with the highest CAGR of 8.5% in the forecast period 2017 to 2024.

On the basis of end-user, the Spirometer Market is segmented into hospitals, clinics and homecare. In 2017, hospitals is expected to dominate the Spirometer Market with 48.4% market share and is expected to reach USD 170.0 million by 2024, growing at a CAGR of 8.3% in the forecast period 2017 to 2024.

On the basis of distribution channel, the Spirometer Market is segmented into direct tender and over the counter. In 2017, direct tender is expected to dominate the Spirometer Market with 63.1% market share and is expected to reach USD 218.4 million by 2024, growing at a CAGR of 8.1% in the forecast period 2017 to 2024.

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BECTON, DICKINSON AND COMPANY:

Founded in 1897 as Becton, Dickinson and Company (BD) and head quartered in New Jersey, United States, BD is a global medical technology company that is advancing the world of health by improving diagnostics, delivery of care and medical discovery. The company operates through two business segments: BD Medical and BD Life Sciences. Its medical segment business unit includes Diabetes Care, Medication and Procedural Solutions, Medication Management Solutions, and Pharmaceutical Systems. BD medical segment includes wide range of handheld and PC-based spirometers. The spirometers are also having various software which helps the user to access numerous databases, rapid computer feedback in the duration of tests and trending of results,
The company’s operations span across North & South America, Europe, Australia, China, India, Japan, Korea, Taiwan and South East Asia. Some of its subsidiaries include Accuri Cytometers, Inc. (Delaware), BD Holding S. de R.L. de C.V. (Mexico), Becton Dickinson AcuteCare Holdings, Inc. (Delaware), Becton Dickinson Asia Limited (Hong Kong), Becton Dickinson Austria GmbH (Austria), CareFusion Corporation (Delaware, and U.K. Medical, Ltd. (U.K.) among others.

Key Drivers: Spirometer Market

• North America is the growing market for spirometer. The major factors driving the growth of this market are increasing prevalence of respiratory diseases, increased demand of homecare setting devices, and rise in the number of smokers.
Key Points: Spirometer Market
• Spirometer Market is dominated by BD, followed by Midmark Corp and Welch Allyn.
• Table-top spirometer segment is expected to dominate the Spirometer Market.
• The spirometer market in the North America region is leading in U.S.

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