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Ultrasonic Spirometers Market Latest Trends and Future Growth Study by 2026

Ultrasonic Spirometers Market

, 14 June 2018 -- Increase in preference for home-based diagnostic tools, efficient monitoring of pulmonary functions by ultrasound spirometers, and rise in prevalence of respiratory diseases.

Spirometer is an apparatus that measures the capacity of lungs. It is used to perform pulmonary function tests (PFT). The device specifically measures volume and speed (flow) of air inhaled and exhaled by lungs during breathing. Spirometers are helpful in assessing respiratory disorders such as asthma, emphysema, and bronchitis by inspecting ventilation i.e., obstructive and restrictive patterns of a lung. The airflow is measured by ultrasonic waves and Doppler effect technology. Recent advancements in sensor technology for ultrasonic spirometers enable the device to be optimized for home monitoring. Ultrasonic flow metering allows the manufacture of easy-to-use and low-maintenance spirometers.

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Increase in preference for home-based diagnostic tools, efficient monitoring of pulmonary functions by ultrasound spirometers, and rise in prevalence of respiratory diseases such as asthma across the globe are likely to fuel the growth of the global ultrasonic spirometers market during the forecast period. However, lack of awareness about technological advancements in spirometers in developing countries and reimbursement issues for ultrasonic spirometers in some countries are projected to restrain the global ultrasonic spirometers market from 2018 to 2026.

The global ultrasound spirometers market can be segmented based on technology and end-user. In terms of technology, the global market can be classified into volume measurement, peak flow measurement, and flow measurement. The peak flow meters segment dominated the market in 2017 due to rise in prevalence of chronic obstructive pulmonary disorders (COPD) and aging global population. The segment is expected to continue to lead the market during the forecast period, owing to automatic internal calibration of ultrasonic spirometers and introduction of ultraviolet (UV) light assisted disinfection feature in the device by key manufacturers. However, rise in number of smokers across the globe and government participation in prevention & control of respiratory disorders are expected to propel the flow measurement segment from 2018 to 2026. In terms of end-user, the global ultrasonic spirometers market can be categorized into hospitals, clinics, home care settings, and others. The hospitals segment accounted for the largest market share in terms of revenue in 2017, attributed to rise in investment by public & private players for the betterment of healthcare sector in the developing countries, and favorable reimbursement policies. However, ultrasonic spirometers do not require daily external calibration, which is likely to propel usage in clinics and home care settings. Rise in number of patients with asthma and bronchitis owing to increasing air pollution is projected to boost the growth of the home care settings segment from 2018 to 2026.

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Geographically, the global ultrasonic spirometers market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share in 2017, attributed to increase in strategic operations of key manufacturers in the U.S. and Canada and rise in per capita expenditure of the population on health care. Emergence of local & regional manufacturers for ultrasonic spirometers in Europe is expected to augment the market in the region during the forecast period. However, Asia Pacific is projected to be the fastest growing market for ultrasound spirometers from 2018 to 2026, due to rise in adoption of digital connectivity in diagnostic equipment, cost-efficient design of ultrasonic spirometers, and efficient integration in hospital information systems.

Key players operating in the global ultrasonic spirometers market include Vitality Medical, ndd Medizintechnik AG, KWIPPED, Inc., Henry Schein, Inc., Meditech Equipment Co., Ltd., Schiller AG, Welch Allyn, GE Healthcare, Uscom Ltd., Contec Medical Systems Co., Ltd., and Midmark Corp. Introduction of advanced features such as wireless connectivity in ultrasonic spirometers is a key focus of the manufacturers to stay ahead of the competition.

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Submitted by hawer on Thursday, 14 June 2018 at 8:34 PM
Category: Health Care & Medical
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