Spirometer Market Is Projected To Bring In $1.3 Billion Revenue By 2025: Grand View Research, Inc.8/13/2018 The global spirometer market size is expected to reach around USD 1.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.4% over the forecast period. Chronic respiratory diseases are rising among adults and children worldwide. Over 2 billion people are currently estimated to be exposed to air pollution on a regular basis, driving the incidence rate of respiratory disorders. Diagnosis and monitoring of respiratory diseases has become crucial in hospitals as well as home settings.
Around 230 million people are affected by asthma across the globe. In addition, around 30% of pediatric hospitalizations are attributed to asthma. Asthma and related respiratory disorders have been increasing due to worsening environmental conditions. Spirometry is an effective method to diagnose and monitor respiratory health. The American Thoracic Society and the European Respiratory Society have been proactively working on the standardization of spirometry measurements and global guidelines. The developed countries such as U.S. have reimbursement policies dedicated for spirometry through Medicare, Medicaid, and third-party insurance. The national spirometry amounts were increased due to revised Medicare Fee Schedule, 2018. Full Research Report On Global Spirometer Market By Grand View Research: www.grandviewresearch.com/industry-analysis/spirometer-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/medical-devices Grand View Research has segmented the global spirometer market based on type, technology, application, end use, and region: Spirometer Type Outlook (Revenue, USD Million, 2014 - 2025)
www.grandviewresearch.com/press-release/global-spirometer-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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