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Incentive Spirometry Market Size, Growth Strategies 2022-28

02-06-2023 07:26 AM CET | Health & Medicine

Press release from: Precision Business Insights

Incentive Spirometry Market Size, Growth Strategies 2022-28

The global incentive spirometry market size was valued at USD billion in 2021 and is poised to grow at a significant CAGR of 9.5% during the forecast period 2022-28. For screening purposes in an occupational setting, the spirometry apparatus assists in the diagnosis of a number of respiratory ailments, including obstructive chronic pulmonary disease, emphysema, asthma, and other breathing problems. In the upcoming years, there will probably be more demand for spirometers due to the rise in COPD patients around the world. Companies are creating spirometers with enhanced design and functionality to help patients and medical professionals understand the complicated process involved in pulmonary function testing. The major goal is to create spirometers that produce more while improving patient comfort without any consequences. In order to avoid potential bacterial infections, businesses are also implementing novel packaging practices. These technological advancements simplify and ease the testing processes for patients.

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Incentive Spirometry Market Growth Factors:
The amount of air the lungs inhale and exhale during one respiratory cycle is measured using a spirometer. The ventilation, or the flow of air into and out of the lungs, is measured by a spirometer. Obstructive and restrictive aberrant ventilation patterns are the two categories that the spirogram will detect. A key driver of market growth is the rise in the geriatric population as well as lifestyle choices like drinking alcohol and smoking. New product launches, regulatory approvals, and technological developments for new devices are all contributing to the market's expansion.

The prevalence of respiratory disorders is rising worldwide. According to the WHO, respiratory illnesses were the main cause of death and disability worldwide in 2018. The third biggest cause of death worldwide, chronic obstructive pulmonary disease (COPD) affects close to 65 million individuals and is predicted to cause 3 million deaths annually. The most prevalent chronic childhood condition, asthma affects 334 million individuals worldwide, accounting for 15% of all children. On the other hand, the spirometer market is anticipated to benefit from the rise in rules encouraging the use of spirometer devices and the increased funding for research in emerging nations.

Incentive Spirometry Market Segmentation:
1) By Type: Hand-held Spirometer, Table-top Spirometer, Desktop (PC) Spirometer.
2) By Application: Hospital, Clinic, Homecare, Others.

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Incentive Spirometry Market Regional Analysis:
Due to the region's growing geriatric population, increased spirometer market competition, and increased patient and healthcare entity awareness of the potential of these devices in the management of chronic diseases, Asia-Pacific offers lucrative opportunities for key players operating in the spirometer market. Additionally, it is anticipated that rising healthcare costs and the development of guidelines will fuel market expansion in the area.

Major players working in the incentive spirometry market are Hill-Rom, Vitalograph, MGC, Fukuda Sangyo, SDI Diagnostics.

Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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