Spirometer Market Size, Share | Global Forecast 2021, 2028
The spirometer market is expected to grow from US$ 893.71 million in 2021 to US$ 1,907.36 million by 2028. It is estimated to grow at a CAGR of 11.5% during 2022–2028.
A spirometer is a diagnostic device that measures the circulation of air into and out of the lungs. Obstructive and restrictive aberrant ventilation patterns are identified using the spirogram. A spirometer is the primary preferred equipment used for basic pulmonary function tests (PFTs). The tests may rule out lung illnesses, including asthma, bronchitis, and emphysema. Furthermore, a spirometer is frequently used to determine the cause of breath shortness, analyze the influence of pollutants on lung function, the effect of medicine, and evaluate the treatment progress of the disease.
The spirometer market is segmented based on type, technology, application, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. This report offers insights and in-depth analysis of the market, emphasizing parameters, such as market trends and market dynamics, and the competitive analysis of the globally leading market players.
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Spirometer Market: Strategic Insights
Market Size Value in US$ 893.71 Million in 2021 Market Size Value by US$ 1,907.36 Million by 2028 Growth rate CAGR of 11.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Spirometer Market: Strategic Insights
| Market Size Value in | US$ 893.71 Million in 2021 |
| Market Size Value by | US$ 1,907.36 Million by 2028 |
| Growth rate | CAGR of 11.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Market Insights and Developments
Rising Prevalence of Respiratory Diseases Drives Spirometer Market
Rising Prevalence of Respiratory Diseases Drives Spirometer Market
The higher prevalence of respiratory disorders is related to the decrease in the size of the upper airway lumen in the aging population. Lung diseases are among the most common medical conditions across the world. Further, millions of people are suffering from various types of respiratory diseases. Moreover, smoking, genetic factors, and infections are among the common factors responsible for respiratory diseases. Medical conditions, including asthma, chronic obstructive pulmonary disease (COPD), chronic bronchitis, cystic fibrosis, and lung cancer, are significant public health burdens. Patients suffering from respiratory disorders commonly experience difficulty in breathing. Further, early detection and diagnosis can help in treating patients suffering from respiratory diseases. To treat these patients, spirometry is a crucial technology that assists in indulging in the severity of the infection and avoids misdiagnosis. Thus, the increasing incidence of respiratory diseases drives the growth of the market.
A few developments by companies are listed below:
- In January 2022, ICU Medical announced that it has completed its acquisition of Smiths Medical from Smiths Group plc. The Smiths Medical business includes a syringe and ambulatory infusion devices, vascular access, and vital care products. When combined with ICU Medical’s existing businesses, the combined companies create a leading infusion therapy company with estimated pro forma combined revenues of ~US$2.5 billion.
- In December 2021, Baxter announced the acquisition of Hill-rom. This combination unlocked the next phase of the company's transformation for greater impact on patients, employees, clinicians, and shareholders worldwide. Hill-Rom is among the leading manufacturers of spirometry products.
- In February 2020, COSMED acquired assets of Innovision ApS, a Danish Company with significant know-how and expertise in the design of products for hemodynamic (cardiac output), ventilation heterogeneity (lung clearance index), and metabolic measurements (VO2Max).
- In August 2019, Hill-Rom entered a definitive agreement to acquire Breathe Technologies, Inc., developer and manufacturer of a patented wearable, noninvasive ventilation technology that supports improved patient mobility, for a cash consideration of US$130 million.
Such developments by market players are driving the spirometer market.
Type Insights
Based on type, the spirometer market is segmented into handheld spirometers, table-top spirometers, and desktop spirometers. The table-top spirometers segment holds the largest market share in 2022. However, the handheld spirometers segment is anticipated to register the highest CAGR during the forecast period due to the emergence of small, lightweight, and easily portable handheld spirometers becoming universal in the industry.
Technology Insights
Based on Technology, the spirometer market is segmented into volume, flow, and peak flow. In 2022, the flow segment holds the largest market share. However, the peak flow segment is expected to register the highest CAGR from 2022 to 2028, due to its working pattern as patients blow into a mouthpiece at one end of the device, and the peak flow meter measures the force of the air flowing out of the lungs in liters per minute.
Application Insights
Based on application, the spirometer market is segmented into asthma, chronic obstructive pulmonary disease, cystic fibrosis, and others. In 2022, the chronic obstructive pulmonary disease segment holds the largest share of the market. Moreover, the same segment is expected to register the highest CAGR from 2022 to 2028, owing to the growing prevalence of COPD and the adoption of easy diagnosis of COPD offered by spirometry.
Organic developments, including product launches, are highly adopted strategies by the global spirometer market players. A few of the recent key market developments are listed below:
- In November 2021, COSMED launched the 2nd generation of OMNIA software, the most comprehensive data management platform for metabolic, lung function, and body composition assessment.
- In April 2021, the US FDA cleared NuvoAir's Air Next connected spirometer device. According to the FDA’s premarket notification database, the Stockholm, Sweden-based company submitted its application in November 2018.
Spirometer – Market Segmentation
The global spirometer market is segmented based on type, technology, application, and geography. Based on type, the market is segmented into handheld spirometers, table-top spirometers, and desktop spirometers. Based on technology, the market is segmented into volume, flow, and peak flow. Based on application, the spirometer market is segmented into asthma, chronic obstructive pulmonary disease, cystic fibrosis, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
Spirometer Market Report Scope
Company Profiles
- Jones Medical Instrument Company
- Benson Medical Instruments Co.
- Nuvoair AB
- Teleflex Incorporated
- Vyaire Medical, Inc.
- COSMED srl
- Depisteo LLC
- Henry Schein, Inc
- Baxter International Inc.
- ICU Medical Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Technology, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The spirometer market is expected to be valued at US$ 1,907.36 million in 2028.
The table-top spirometers segment held the largest share of the market in the global spirometer market contributing a market share of 43.05% in 2022.
The Asia Pacific is expected to be the fastest growing region in the spirometer market over the forecast period due to the rise in geriatric population, rise in prevalence of lung-related diseases, the high expense of treatment, and growing awareness related to the importance of spirometers.
The CAGR value of the spirometer market during the forecasted period of 2022-2028 is 11.5%.
The spirometer market is estimated to be valued at US$ 992.38 million in 2022.
The spirometer market majorly consists of the players, such as Jones Medical Instrument Company; Benson Medical Instruments Co.; NUVOAIR U.S, INC. (NUVOAIR AB); Teleflex Incorporated; Vyaire Medical, Inc.; COSMED srl; Depisteo LLC; Henry Schein, Inc; Baxter International Inc.; and ICU Medical Inc.
The factors that are driving the growth of the spirometer market are the high prevalence of respiratory diseases and the increasing preference for home care products. However, the unfavorable reimbursement scenario is the major factor hindering the spirometer market growth.
A spirometer is a diagnostic device that measures the amount of air that is inspired and expelled by the lungs. The circulation of air into and out of the lungs is measured with a spirometer. Obstructive and restrictive aberrant ventilation patterns are identified using the spirogram. A spirometer is the primary preferred equipment used for basic pulmonary function tests (PFTs). The tests may rule out lung illnesses such as asthma, bronchitis, and emphysema. Furthermore, a spirometer is frequently used to determine the cause of shortness of breath, analyze the influence of pollutants on lung function, the effect of medicine, and evaluate the disease treatment progress.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Spirometer Market – By Type
1.3.2 Global Spirometer Market – By Technology
1.3.3 Global Spirometer Market – By Application
1.3.4 Global Spirometer Market – By Geography
2. Spirometer Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Spirometer Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South and Central America PEST Analysis
4.3 Experts Opinion
5. Spirometer Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Respiratory Diseases
5.1.2 Increasing Preference of Home Care Products
5.2 Market Restraints
5.2.1 Unfavorable Reimbursement Scenario
5.3 Market Opportunities
5.3.1 Increasing Government Initiatives
5.4 Future Trends
5.4.1 Technological Shift Toward Smartphone-Based Data Collection
5.5 Impact Analysis
6. Spirometer Market– Global Analysis
6.1 Global Spirometer Market Revenue Forecast and Analysis
6.1.1 Global Spirometer Market Revenue Forecast and Analysis
6.1.2 Global Spirometer Market – Market Potential Analysis, By Region
6.2 Company Analysis
6.2.1 Comparative Company Analysis
6.2.2 Growth Strategy Analysis
6.2.3 Performance of Key Players
6.2.3.1 Henry Schein, Inc.
6.2.3.2 ICU Medical
7. Global Spirometer Market Revenue and Forecasts To 2028– by Type
7.1 Overview
7.2 Global Spirometer Market, By Type, 2022 & 2028 (%)
7.3 Table-top Spirometers
7.3.1 Overview
7.3.2 Table-top Spirometers: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Desktop Spirometers
7.4.1 Overview
7.4.2 Desktop Spirometers: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Handheld Spirometers
7.5.1 Overview
7.5.2 Handheld Spirometers: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
8. Spirometer Market Revenue and Forecasts To 2028 – Technology
8.1 Overview
8.2 Global Spirometer Market Share by Technology - 2022 & 2028 (%)
8.3 Flow
8.3.1 Overview
8.3.2 Flow: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
8.4 Volume
8.4.1 Overview
8.4.2 Volume: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
8.5 Peak Flow
8.5.1 Overview
8.5.2 Peak Flow: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
9. Spirometer Market Revenue and Forecasts To 2028 – Application
9.1 Overview
9.2 Global Spirometer Market Share by Application - 2022 & 2028 (%)
9.3 Chronic Obstructive Pulmonary Disease (COPD)
9.3.1 Overview
9.3.2 Chronic Obstructive Pulmonary Disease (COPD): Spirometer Market Revenue and Forecast to 2028 (US$ Million)
9.4 Asthma
9.4.1 Overview
9.4.2 Asthma: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
9.5 Cystic Fibrosis
9.5.1 Overview
9.5.2 Cystic Fibrosis: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
10. Spirometer Market Revenue and Forecasts to 2028 – Geographical Analysis
10.1 North America: Spirometer Market
10.1.1 Overview
10.1.2 North America: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.1.3 North America: Spirometer Market, by Type, 2019–2028 (US$ Million)
10.1.4 North America: Spirometer Market, by Technology, 2019–2028 (US$ Million)
10.1.5 North America: Spirometer Market, by Application, 2019–2028 (US$ Million)
10.1.6 North America: Spirometer Market, by Country, 2022 & 2028 (%)
10.1.6.1 US: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.1.1 Overview
10.1.6.1.2 US: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.1.3 US: Spirometer Market, by Type, 2019–2028 (US$ Million)
10.1.6.1.4 US: Spirometer Market, by Technology, 2019–2028 (US$ Million)
10.1.6.1.5 US: Spirometer Market, by Application, 2019–2028 (US$ Million)
10.1.6.2 Canada: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.2.1 Overview
10.1.6.2.2 Canada: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.2.3 Canada: Spirometer Market, by Type, 2019–2028 (US$ Million)
10.1.6.2.4 Canada: Spirometer Market, by Technology, 2019–2028 (US$ Million)
10.1.6.2.5 Canada: Spirometer Market, by Application, 2019–2028 (US$ Million)
10.1.6.3 Mexico: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.1 Overview
10.1.6.3.2 Mexico: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.1.6.3.3 Mexico: Spirometer Market, by Type, 2019–2028 (US$ Million)
10.1.6.3.4 Mexico: Spirometer Market, by Technology, 2019–2028 (US$ Million)
10.1.6.3.5 Mexico: Spirometer Market, by Application, 2019–2028 (US$ Million)
10.2 Europe: Spirometer Market
10.2.1 Overview
10.2.2 Europe: Spirometer Market - Revenue and Forecast to 2028 (US$ Million)
10.2.3 Europe: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.2.4 Europe: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.2.5 Europe: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.2.6 Europe: Spirometer Market, by Country, 2022 & 2028 (%)
10.2.6.1 Germany: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.1 Germany: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.1.2 Germany: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.2.6.1.3 Germany: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.2.6.1.4 Germany: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.2.6.2 France: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.2.1 France: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.2.2 France: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.2.6.2.3 France: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.2.6.2.4 France: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.2.6.3 UK: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.3.1 UK: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.3.2 UK: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.2.6.3.3 UK: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.2.6.3.4 UK: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.2.6.4 Italy: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.4.1 Italy: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.4.2 Italy: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.2.6.4.3 Italy: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.2.6.4.4 Italy: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.2.6.5 Spain: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.5.1 Spain: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.5.2 Spain: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.2.6.5.3 Spain: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.2.6.5.4 Spain: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.2.6.6 Rest of Europe: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.6.1 Rest of Europe: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.2.6.6.2 Rest of Europe: Spirometer Market Revenue and Forecast to 2028, By Type US$ Million)
10.2.6.6.3 Rest of Europe: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.2.6.6.4 Rest of Europe: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.3 Asia Pacific Spirometer Market Revenue and Forecasts To 2028
10.3.1 Overview
10.3.2 Asia Pacific Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.3 Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.3.4 Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.3.5 Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.3.6 Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Country (%)
10.3.6.1 Japan: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.1.1 Overview
10.3.6.1.2 Japan: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.1.3 Japan: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.3.6.1.4 Japan: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.3.6.1.5 Japan: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.3.6.2 China: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.2.1 Overview
10.3.6.2.2 China: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.2.3 China: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.3.6.2.4 China: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.3.6.2.5 China: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.3.6.3 India Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.3.1 Overview
10.3.6.3.2 India: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.3.3 India: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.3.6.3.4 India: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.3.6.3.5 India: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.3.6.4 South Korea: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.4.1 Overview
10.3.6.4.2 South Korea: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.4.3 South Korea: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.3.6.4.4 South Korea: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.3.6.4.5 South Korea: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.3.6.5 Australia: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.5.1 Overview
10.3.6.5.2 Australia: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.3.6.5.3 Australia: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.3.6.5.4 Australia: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.3.6.5.5 Australia: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.3.6.6 Rest of Asia Pacific: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.1 Overview
10.3.6.6.2 Rest of Asia Pacific: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.3 Rest of Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.3.6.6.4 Rest of Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.3.6.6.5 Rest of Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.4 Middle East & Africa Spirometer Market
10.4.1 Overview
10.4.2 Middle East & Africa Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.3 Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.4.4 Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.4.5 Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
10.4.6 Middle East & Africa Spirometer Market Revenue and Forecasts to 2028, By Country (%)
10.4.6.1 UAE: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.1.1 Overview
10.4.6.1.2 UAE: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.1.3 UAE: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.4.6.1.4 UAE: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.4.6.1.5 UAE: Spirometer Market Revenue and Forecasts To 2028, By Application (US$ Million)
10.4.6.2 Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.2.1 Overview
10.4.6.2.2 Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.2.3 Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.4.6.2.4 Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.4.6.2.5 Saudi Arabia: Spirometer Market Revenue and Forecasts To 2028, By Application (US$ Million)
10.4.6.3 South Africa: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.3.1 Overview
10.4.6.3.2 South Africa Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.3.3 South Africa: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.4.6.3.4 South Africa: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.4.6.3.5 South Africa: Spirometer Market Revenue and Forecasts To 2028, By Application (US$ Million)
10.4.6.4 Rest of Middle East and Africa: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.4.1 Overview
10.4.6.4.2 Rest of Middle East and Africa: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
10.4.6.4.3 Rest of Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
10.4.6.4.4 Rest of Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
10.4.6.4.5 Rest of Middle East & Africa: Spirometer Market Revenue and Forecasts To 2028, By Application (US$ Million)
10.5 South and Central America: Spirometer Market
10.5.1 Overview
10.5.2 South and Central America Spirometer Market Revenue and Forecast to 2028 (US$ Million)
10.5.3 South and Central America: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.5.4 South and Central America: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.5.5 South and Central America: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.5.6 South and Central America: Spirometer Market Revenue and Forecast to 2028, by Country (%)
10.5.6.1 Brazil: Spirometer Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.1.1 Overview
10.5.6.1.2 Brazil Spirometer Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.3 Brazil: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.5.6.1.4 Brazil: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.5.6.1.5 Brazil: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.5.6.2 Argentina: Spirometer Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.2.1 Overview
10.5.6.2.2 Argentina Spirometer Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.3 Argentina: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.5.6.2.4 Argentina: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.5.6.2.5 Argentina: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
10.5.6.3 Rest of the South and Central America: Spirometer Market – Revenue and Forecast to 2028 (USD Million)
10.5.6.3.1 Overview
10.5.6.3.2 Rest of the South and Central America Spirometer Market Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.3 Rest of the South and Central America: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
10.5.6.3.4 Rest of the South and Central America: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
10.5.6.3.5 Rest of the South and Central America: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
11. Impact Of COVID-19 Pandemic on Spirometer Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Spirometers Market–Industry Landscape
12.1 Overview
12.2 Growth Strategies in the Spirometers Market
12.3 Inorganic Growth Strategies
12.3.1 Overview
12.4 Organic Growth Strategies
12.4.1 Overview
13. Company Profiles
13.1 Jones Medical Instrument Company
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Benson Medical Instruments Co.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 NUVOAIR U.S, INC. (NUVOAIR AB)
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Teleflex Incorporated
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 VYAIRE MEDICAL, INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 COSMED srl
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Depisteo LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 HENRY SCHEIN, INC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Baxter International Inc. (Hill-Rom Holdings, Inc.)
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 ICU MEDICAL INC.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Spirometer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Spirometer Market, by Technology– Revenue and Forecast to 2028 (USD Million)
Table 3. North America Spirometer Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Spirometer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Spirometer Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Spirometer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Spirometer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Spirometer Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Spirometer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Spirometer Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Spirometer Market, by Technology– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Spirometer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 14. Europe: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 15. Europe: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 16. Germany: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 17. Germany: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 18. Germany: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 19. France: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 20. France: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 21. France: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 22. UK: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 23. UK: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 24. UK: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 25. Italy: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 26. Italy: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 27. Italy: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 28. Spain: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 29. Spain: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 30. Spain: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 31. Rest of Europe: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 32. Rest of Europe: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 33. Rest of Europe: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 34. Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million).
Table 35. Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 36. Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 37. Japan: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 38. Japan: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 39. Japan: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 40. China: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 41. China: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 42. China: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 43. India: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 44. India: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 45. India: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 46. South Korea: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 47. South Korea: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 48. South Korea: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 49. Australia: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 50. Australia: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 51. Australia: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 52. Rest of Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 53. Rest of Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 54. Rest of Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 55. Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 56. Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 57. Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 58. UAE: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 59. UAE: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 60. UAE: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 61. Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 62. Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 63. Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 64. South Africa Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 65. South Africa: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 66. South Africa: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 67. Rest of Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 68. Rest of Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Technology (US$ Million)
Table 69. Rest of Middle East & Africa: Spirometer Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 70. South and Central America: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 71. South and Central America: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 72. South and Central America: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 73. Brazil: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 74. Brazil: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 75. Brazil: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 76. Argentina: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 77. Argentina: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 78. Argentina: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 79. Rest of the South and Central America: Spirometer Market Revenue and Forecast to 2028, By Type (US$ Million)
Table 80. Rest of the South and Central America: Spirometer Market Revenue and Forecast to 2028, By Technology (US$ Million)
Table 81. Rest of the South and Central America: Spirometer Market Revenue and Forecast to 2028, By Application (US$ Million)
Table 82. Recent Inorganic Growth Strategies in the Spirometers Market
Table 83. Recent Organic Growth Strategies in the Spirometers Market
Table 84. Glossary of Terms
LIST OF FIGURES
Figure 1. Spirometer Market Segmentation
Figure 2. Spirometer Market – By Geography
Figure 3. Spirometer Market Overview
Figure 4. Table-top Spirometers Held Largest Share by Type of Spirometer Market
Figure 5. Asia Pacific to Show Significant Growth During Forecast Period
Figure 6. Spirometer Market, by Geography (US$ Million)
Figure 7. Global Spirometer Market – Leading Country Markets (US$ Million)
Figure 8. Global Spirometer Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. Middle East and Africa: PEST Analysis
Figure 13. South and Central America: PEST Analysis
Figure 14. Experts Opinion
Figure 15. Global Spirometer market – Revenue Forecast And Analysis – 2020- 2028
Figure 16. Global Spirometer Market – Revenue Forecast and Analysis – 2021 - 2028
Figure 17. Global Spirometer Market – Market Potential Analysis, By Region
Figure 18. Market Positioning of Key Players in Spirometer Market
Figure 19. Global Spirometer Market – Comparative Company Analysis
Figure 20. Global Spirometer Market – Growth Strategy Analysis
Figure 21. Global Spirometer Market, by Type, 2022 & 2028 (%)
Figure 22. Table-top Spirometers: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. Desktop Spirometers: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. Handheld Spirometers: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Global Spirometer Market Share by Technology - 2022 & 2028 (%)
Figure 26. Flow: Spirometer Market Revenue and Forecasts To 2028 (US$ Million)
Figure 27. Volume: Spirometer Market Revenue and Forecasts To 2028 (US$ Million)
Figure 28. Peak Flow: Spirometer Market Revenue and Forecasts To 2028 (US$ Million)
Figure 29. Global Spirometer Market Share by Application - 2022 & 2028 (%)
Figure 30. Chronic Obstructive Pulmonary Disease (COPD): Spirometer Market Revenue and Forecasts To 2028 (US$ Million)
Figure 31. Asthma: Spirometer Market Revenue and Forecasts To 2028 (US$ Million)
Figure 32. Cystic Fibrosis: Spirometer Market Revenue and Forecasts To 2028 (US$ Million)
Figure 33. Others: Spirometer Market Revenue and Forecasts To 2028 (US$ Million)
Figure 34. North America: Spirometer Market, by Key Country – Revenue (2022) (US$ Million)
Figure 35. North America Spirometer Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America: Spirometer Market, by Country, 2022 & 2028 (%)
Figure 37. US: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Spirometer Market Revenue Overview, by Key Country – Revenue (2022) (US$ Million)
Figure 41. Europe Spirometer Market Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Spirometer Market, by Country, 2022 & 2028 (%)
Figure 43. Germany: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. France: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Spain: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Rest of Europe: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Asia Pacific Spirometer Market Overview, by Country (2021)
Figure 50. Asia Pacific: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 51. Asia Pacific: Spirometer Market Revenue and Forecasts to 2028, By Country (%)
Figure 52. Japan: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 53. China: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 54. India: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 55. South Korea: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 56. Australia: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 57. Rest of Asia Pacific: Spirometer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Middle East & Africa Spirometer Market Revenue Overview, by Country, 2021 (US$ Million)
Figure 59. Middle East & Africa Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 60. Middle East & Africa Spirometer Market Revenue and Forecasts to 2028, By Country (%)
Figure 61. UAE: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 62. Saudi Arabia: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 63. South Africa: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 64. Rest of Middle East and Africa: Spirometer Market Revenue and Forecasts to 2028 (US$ Million)
Figure 65. South and Central America Spirometer Market Revenue Overview, by Country, 2022 (US$ Million)
Figure 66. South and Central America Spirometer Market Revenue and Forecast to 2028 (US$ Million)
Figure 67. South and Central America: Spirometer Market Revenue and Forecast to 2028, by Country (%)
Figure 68. Brazil: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
Figure 69. Argentina: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of the South and Central America: Spirometer Market Revenue and Forecast to 2028 (US$ Million)
Figure 71. Impact of COVID-19 Pandemic in North American Country Markets
Figure 72. Impact of COVID-19 Pandemic on European Country Markets
Figure 73. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 74. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 75. Impact of COVID-19 Pandemic in South and Central American Countries
Figure 76. Growth Strategies in the Spirometers Market
The List of Companies - Spirometer Market
- Jones Medical Instrument Company
- Benson Medical Instruments Co.
- NUVOAIR U.S, INC. (NUVOAIR AB)
- Teleflex Incorporated
- VYAIRE MEDICAL, INC.
- COSMED Srl
- Depisteo LLC.
- Henry Schein, Inc.
- Baxter International Inc.
- ICU Medical Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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