Spirometer Market: Opportunities & Challenges
Growth in Spirometer Market is largely driven by the rising global incidence of respiratory diseases, the increasing aging population, and the technological shift in spirometer devices towards smartphone-based data acquisition.
Northrook, IL -- (SBWire) -- 10/23/2019 --The spirometers market is projected to reach USD 1,047.5 million by 2023 from USD 655.2 million in 2018, at a CAGR of 9.8%. On the other hand, dependence on patient and other human interventions for data will hinder the growth of this market and will remain a challenge. In this report, the spirometers market is further segmented by product, mechanism, application, end user, and region.
Emerging economies such as India, Brazil, China, and South Africa provide significant opportunities for players in the spirometry devices market. Such economies are moving towards mass industrialization and increasing levels of pollution. Of the top 20 most polluted cities in the world, 14 are in India. In 2016, more than 60,000 children under the age of five died in India, which is the highest in the world. The use of spirometers for monitoring lung health is at a very low level in these countries. This is due to lack of awareness, social stigmas, and inadequate healthcare infrastructure. Most primary healthcare centers which are located in remote locations and come in direct contact with the people do not use spirometers as part of their basic health check-up. The scenario is improving with awareness programs.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18015659
Need for skilled professionals and the possibility of inaccuracy:
The accuracy of spirometry tests depends greatly on the patient, the technologist, and the interpreter. Most pre-school and old age population are not able to perform the test accurately. The FVC test includes three breathing exercises that are difficult to perform even under the presence of experienced technologists. The patience and communication skills of the technologist form an important factor affecting the quality of the tests. The interpretation of these results based on the applicable GOLD standard is also a matter of concern.
Furthermore, in the case of personalized devices, the challenge exists in maintaining the accuracy of the data, due to high dependency on the ability of the patient to use the spirometer accurately. Every patient is expected to carry out the test in triplicates. The ability of the patient to maintain accuracy in each test without guidance from experts is difficult to ascertain. This forms a huge challenge for the adoption of personalized spirometers.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=18015659
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com
Media Relations Contact
Mr. Shelly Singh
View this press release online at: http://rwire.com/1263193