Europe Spirometer Market, By Product Type (Table-Top Spirometer, Hand-Held Spirometer and PC Based Spirometer), Technology (Volume Measurement Spirometer, Flow Measurement Spirometer and Peak Flow Meter), Mechanism (Flow-Sensing Spirometer and Peak Flow Meters), Disease (Asthma, Bronchitis, Emphysema, Chronic Obstructive Lung Disease, Lung Cancer and Others), Disposable Components (Filters, Sensors and Tubes), Application (Diagnostics and Therapeutics), End-User (Hospitals, Clinics and Homecare), Distribution Channel (Over the Counter and Direct Tender), Country (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Spirometer Market
Data Bridge Market Research analyses that the spirometer market will exhibit a CAGR of around 9.15% for the forecast period of 2022-2029. Rising prevalence of respiratory and cardiovascular disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growth in the geriatric population base and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of spirometer market.
Spirometer is a medical device that is used in the process of spirometry. Spirometry is a medical test that is conducted to assess how well lungs of an individual work. This is done by measuring how much of the air can an individual’s lungs inhale and exhale.
Upsurge in the research and development proficiencies by the life sciences industry is one of the major factors fostering the growth of the market. Growth in the patient population base in the developing economies and rise in demand for device to diagnose various respiratory diseases such as tuberculosis are other market growth determinants. Rising westernization, growing in the incidences of asthma, chronic obstructive pulmonary disease (COPD) and other respiratory conditions and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies and lengthy time required to perform tests will further pose challenges for the market. Dearth of skilled professionals in the backward economies and risk of inaccuracy will also hamper the market growth rate.
This spirometer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on spirometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Spirometer Market Scope and Market Size
The spirometer market is segmented on the basis of product type, technology, mechanism, disease, disposable components, application, end-user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the spirometer market is segmented into table-top spirometer, hand-held spirometer and PC based spirometer.
- On the basis of technology, the spirometer market is segmented into volume measurement spirometer, flow measurement spirometer and peak flow meter.
- On the basis of mechanism, the spirometer market is segmented into flow-sensing spirometer and peak flow meters.
- On the basis of disease, the spirometer market is segmented into asthma, bronchitis, emphysema, chronic obstructive lung disease, lung cancer and others.
- On the basis of disposable components, the spirometer market is segmented into filters, sensors and tubes.
- On the basis of application, the spirometer market is segmented into diagnostics and therapeutics.
- On the basis of end-user, the spirometer market is segmented into hospitals, clinics and homecare.
- On the basis of distribution channel, the spirometer market is segmented into over the counter and direct tender.
Spirometer Market Country Level Analysis
The spirometer market is analysed and market size insights and trends are provided by country, product type, technology, mechanism, disease, disposable components, application, end-user and distribution channel as referenced above.
The countries covered in the spirometer market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe.
Germany in Europe region dominates the interventional neurology devices market owing to increasing prevalence of respiratory diseases, increased demand of homecare setting devices, and rise in the number of smokers in the region.
The country section of the spirometer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The spirometer market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for spirometer market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spirometer market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Spirometer Market Share Analysis
The spirometer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to spirometer market.
Some of the major players operating in the spirometer market report are SCHILLER, Welch Allyn, COSMED srl, Medikro Oy, The Contec Group, SDI Diagnostics, FUKUDA SANGYO CO., LTD., Geratherm among others.