Global Portable Spirometry Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Portable Spirometry Devices Market: Overview
“The global Portable Spirometry Devices Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
A spirometer is a medical instrument used for measuring the volume of air inspired and expired by the lungs. The primary signal measured in spirometry may be flow of air or volume. Spirometry helps to diagnose breathing problems such as chronic obstructive pulmonary disease, asthma, and many others. The test with the help of portable spirometry can be performed anywhere and by anybody.
Global Portable Spirometry Devices Market: Dynamics
Increasing global incidences of chronic respiratory diseases is a key factor expected to drive the growth in terms of revenue in target market over the forecast years. In addition, higher per capita income level, growing geriatric population, ongoing technological advancements, and increasing number of product approvals by the regulatory authorities are some of the other factors expected to increase the demand for portable spirometry devices globally. However, stringent government regulation and lack of skilled professionals are some of the major factor expected to hamper the growth of the target market to a significant extent.
Global Portable Spirometry Devices Market: Segment Analysis
Among the technology segments, flow-sensing portable spirometry devices is expected to register the highest market share in terms of revenue. This is primarily attributed to, non-invasive diagnostic devices enabling simple lung function examination. Among the application segments, COPD is expected to witnessed largest market share over the forecast period, owing to the rising prevalence of respiratory diseases globally. Among the end user segments, hospitals and clinics segment is expected to grow at the highest CAGR, due to growing patient population, well-developed healthcare infrastructure at hospitals and clinics in developing countries
Global Portable Spirometry Devices Market: Trends
Major players are launching new technologically advanced product in order to expand the business. For instance, in April 2018, NuvoAir AB, which is a Sweden-based company launched newest version of its home-use spirometer that connected to user’s smartphones or tablets via Bluetooth.
Global Portable Spirometry Devices Market: Regional Analysis
In 2019, the markets in North America is projected to a significant market share in the target market over the forecast period. This can be primarily due to, higher awareness about preventive care, increasing number of research and development activities for the development of advent medical devices, and rising healthcare expenditure in the region.
The market in the Asia Pacific is anticipated to register the fastest growth in next 10 years. This can be primarily to, availability of respiratory care monitoring and therapeutic devices in the region. In addition, improved healthcare facilities and higher investment by public and private companies, for better treatment options to the patients are some of the other factors expected to support growth of the Asia Pacific portable spirometry devices market.
Global Portable Spirometry Devices Market Segmentation:
Segmentation by technology:
- Flow-Sensing Portable Spirometry Devices
- Peak Flow Meters
- Volume Measurement
Segmentation by application:
- Cystic Fibrosis
- Pulmonary Fibrosis
Segmentation by end user:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Home Healthcare
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Vyaire Medical Inc.
- NuvoAir AB
- Vitalograph Ltd.
- ndd Medizintechnik AG
- nSpire Health, Inc.
- Smith’s Medical, Inc.
- Koninklijke Philips N.V.
- Geratherm Medical AG
- Progetti Srl
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