Global Spirometer Market is Growing At a Significant Rate in the Forecast Period 2017-2024

Global Spirometer Market is expected to reach USD 1,041.3 million by 2024 from USD 553.9 million in 2016, at a CAGR of 8.3%. 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.

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Global Spirometer MarketSegmentation: Global Spirometer Market

By Product Type (table-top spirometer, hand-held spirometer, pc based spirometer), By Technology (volume measurement spirometer, flow measurement spirometer, peak flow meter), By Disease (asthma, bronchitis, emphysema, chronic obstructive lung disease, lung cancer, others), By Disposable components (filters, sensors, tubes), By Application (diagnostics, therapeutics), By End-user (hospitals, clinics, homecare), By Distribution Channel (over the counter, direct tender)By Geography (North America, Europe, APAC, South America, Middle East and Africa)

Drivers: Global Spirometer Market

INCREASING PREVALENCE OF RESPIRATORY DISEASES

Respiratory disease encompasses some pathological conditions which affect respiratory organs including upper respiratory tract, trachea, bronchi, pleural cavity, alveoli, pleura, bronchioles as well as nerves and muscles related to breathing. Respiratory diseases can be classified based on the organ or tissue involved, by the cause of the disease, or by the type and pattern of associated signs and symptoms. The leading five respiratory conditions which account for the great burden to society include chronic obstructive pulmonary disease (COPD), asthma, acute respiratory infections, tuberculosis, and lung cancer. Respiratory diseases are the leading causes of death worldwide.

According to World Health Organization, In China, chronic respiratory diseases are the second primary cause of death. The estimation states that over 50% of Chinese men smoke, whereas smoking rates among women are lower in this country.

According to World Health Organization, around 250,000 people die of asthma every year.

INCREASED DEMAND OF HOMECARE SETTING DEVICES

Home diagnosis of pulmonary functions by using home care spirometry which is also known as ambulatory spirometry is primarily used by the lung transplant patients or elderly population. Recently, home spirometry usage has also been increased due to monitor lung function in asthmatics patients. Home spirometry usually operates through battery. These electronic spirometry devices monitor daily pulmonary function tests and lung disorders for the lung transplant patients when they are away from clinic or hospitals. Pulmonary function tests data are transmitted to the hospital’s or clinic’s computers as well as in smart phones from the patients’ home through wireless connections. Companies are manufacturing smart spirometry devices so patients can easily diagnose and detect lung related disorders at home and share the data to the clinicians. As the geriatric population is rising the demand of homecare setting is also increasing.

RISE IN THE NUMBER OF SMOKERS

Smoking increases the risk of various lung diseases including lung cancer, asthma, chronic obstructive pulmonary disease (COPD). In addition, smoking also increase the risk of other illnesses such as heart disease, stroke, and mouth (oral) cancer.

According to world health organization, estimation states that each third individual out of the male population smokes on global basis.

It has been forecasted that by 2030 smoking will kill one in six people, if current trends continue.

Among WHO Regions, the Western Pacific Region - which includes East Asia and the Pacific - has the highest smoking rate, with nearly two-thirds of men smoking.

In Europe, smoking and respiratory infection is a major cause of lung diseases which are preventable. As per World Health Organization (WHO), Europe has the highest prevalence of tobacco smoking among adults (28%). Smoking prevalence by men is 20% whereas in women it is 17%, in U.K., as per National Health Service. According to WHO, it has been projected that the prevalence level of smokers in 2025 among males will be 31% and among females it will be 16% in Europe. In Europe 90% of the men smokers and 80% of the women smokers are suffering from lung cancer. As the number of smokers are increasing, the rising incidence of respiratory diseases are also increasing thus the market growth of spirometer is also expanding due to the increased diagnosis rate.

Major Players: Global Spirometer Market

Some of the major players operating in this market are:-

  • BD,
  • Midmark Corp.,
  • Welch Allyn,
  • SDI Diagnostics,
  • Geratherm Respiratory GMBH,
  • among others.