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North America Is Expected To Dominate the “Global Spirometer Market”, Followed By Europe in 2017
Global Spirometer Market
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Global spirometer market is expected to reach USD 1.2 billion by 2024 from USD 595.3 million in 2016, at a CAGR of 9.6 percent in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 and 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global spirometer market is segmented on the basis of product, technology, application, end-user, distribution channel, and geography.
Key questions answered in the report include
• What is the Market Segmentation of Global Spirometer Market?
• Who are the key vendors in global spirometer market?
• What will the market size and the growth rate be in 2024?
• What are the key market trends impacting the growth of the global spirometer market?
• What are the key factors driving the Global Spirometer Market?
Market Segmentation:
Based on product type, the spirometer market is categorized into table-top spirometer, hand-held spirometer, desktop (PC) spirometer.
The global spirometer market is segmented on the basis of technology into Volume Measurement Spirometer (Wet and Dry), Flow Measurement Spirometer (Pneumotachograph System and Mass Flow Meter), and Peak Flow Meter (PFM).
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Based on application, the spirometer market is segmented into diagnostic and therapeutic. The global spirometer market is segmented on the basis of end-user into hospital, clinic and homecare. Global spirometer market is segmented on the basis of distribution into over the counter and direct tenders.
Based on geography, the global spirometer devices market covers data points for 52 countries across multiple geographies: North & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. North America is expected to dominate the global spirometer market, followed by Europe.
North America is dominating the market owing to drivers such as technological advancements, government regulations, rise in incidences of respiratory diseases, increase in healthcare expenditure, and improvements in healthcare infrastructure. Asia-Pacific is expected to grow at the highest CAGR in the forecast period 2017 to 2024 owing to factors such as rising incidences of chronic diseases, increase in healthcare expenditure, and rise in awareness regarding the availability of various respiratory care monitoring and therapeutic devices in this region.
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Market Analysis:
The global spirometer market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes company share data for different geographies including Global, North America, Europe and APAC.
The global spirometer market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in market. For example: in July, 2017, Amplivox Ltd., announced the launch of their product Otowave 302. This development is expected to increase the companies foothold in the local market. The report also covers the market shares for Global, North America, Europe, Asia-Pacific, Middle East and Africa, and South America .
Major Players:
Some of the major players operating in the global spirometer market are Becton, Dickinson and Company, Philips Healthcare, Schiller, Welch Allyn, Inc., SDI Diagnostics, Cardiotech, MIR Medical International Research S.r.l, Vitalograph, MGC Diagnostics Corporation, NDD Medical Technologies, SDI Diagnostics, Jones Medical Corporation, Gerathern Respiratory GmbH, Thor Medical Systems, Fukuda Sangyo Inc., Nihon Kohden Corporation, and nSpire Health Inc., among others.
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