The US spirometer market is expected to reach US$ 474.40 million by 2027 from US$ 194.48 million in 2019. The market is estimated to grow at a CAGR of 11.8% from 2020 to 2027.
The growth of the market is attributed to high prevalence of respiratory diseases and increasing preference to home care products. However, unfavorable reimbursement scenario is likely to have a negative impact on market growth.
A Latest intelligence report published by The Insight Partners with title “US Spirometer Market Outlook to 2027. A detailed study accumulated to offer Latest insights about acute features of the US Spirometer Market. This report provides a detailed overview of key factors in the US Spirometer Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & US reforms and COVID-19 Impact has been conducted to determine future growth prospects in the US market.
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Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market. For future strategies and predictions, we provide a special section regarding the COVID-19 situation.
Major Players in US Spirometer Market Report Include:
- Smiths Medical
- Vyaire Medical, Inc.
- Cosmed Srl
- Teleflex Incorporated
- Nuvoair U.S, Inc. (Nuvoair Ab)
- Jones Medical Instrument Company
- Benson Medical Instruments Co.
- Depisteo LL
- Henry Schein, Inc.
- Hill Rom Holding Inc.
US SPIROMETER MARKET SEGMENTATION
Table Top Spirometers
Chronic Obstructive Pulmonary Disease
Government initiatives to increase the adoption rate of spirometers are likely to provide further growth opportunity for the market during the forecast period. The dramatic increase in incidence of chronic obtrusive pulmonary diseases (COPD), rising levels of air pollution, and technological improvements in monitoring solutions are some of the key factors contributing to the growth of spirometer market in the country. For instance, as per the data provided by American Lung Association in 2020, COPD is the third leading cause of death by disease in the US. More than 16.4 million people have been diagnosed with COPD, but millions more may have the disease without even knowing it. COPD causes serious long-term disability and early death. There is no cure available for COPD and the number of people dying from COPD is growing.
Spirometers and peak flow meters manufacturers have started manufacturing inventive features and design to make simpler the lung volume testing measures for the medical professionals as well as patients. The players in the market are now focusing on comfort and convenience of patients. They are also adopting innovative packaging procedures to prevent the chances of bacterial infections. Additionally, new product launches by manufacturers would further offer lucrative opportunities for the market in the country. For instance, In Jan 2020, US FDA cleared NuvoAir’s connected spirometer device.
Moreover, the US suffers huge economic burden due to high prevalence of respiratory diseases in the country. For instance, according to the Centers of Disease Control and Prevention (CDC), the number of adults diagnosed with bronchitis was 9 million in 2018, out of which 3.8% suffered severe symptoms. Furthermore, the CDC also states that number of adults diagnosed with emphysema was reported to be 3.8 million in 2018. The rising number of patients suffering from respiratory disorders and COPD is expected to generate the need for spirometer thereby inducing the growth of the market.
In the last section of the report, the companies responsible for increasing the sales in the US Spirometer Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the US market and their influence on the future growth of the market have also been presented through this study.
Comprehensive overview of parent market & substitute market
Changing market dynamics in the industry (COVID & Economic Impact Analysis)
In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
Recent industry trends and development activity
Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
Points Covered in Table of Content of US Spirometer Market:
- Key Takeaways
- Research Methodology
- US Spirometer Market Landscape
- US Spirometer Market – Key Market Dynamics
- US Spirometer Market – Market Analysis
- US Spirometer Market – Revenue and Forecasts to 2027 – Product Type
- US Spirometer Market – Revenue and Forecasts to 2027 – Application
- US Spirometer Market – Revenue and Forecasts to 2027 – Compound
- US Spirometer Market Revenue and Forecasts to 2027 – Geographical Analysis
- Industry Landscape
- US Spirometer Market, Key Company Profiles
Key questions answered:
Who are the Leading key players and what are their Key Business plans in the US Spirometer Market?
What are the key concerns of the five forces analysis of the US Spirometer Market?
What are different prospects and threats faced by the dealers in the US Spirometer market?
What possible measures players are taking to overcome and stabilize the situation?
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