Spirometer Calibration Syringe

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Spirometer Calibration Syringe: Market Size

Based on available data, the U.S. market size for Spirometer Calibration Syringes is $8,469,336,750. There are approximately 249,465 locations that require a Spirometer Calibration Syringe to keep the coinciding equipment functioning properly.

LOCATIONS

  • There are 5 segments of health care providers that use Spirometers:
  • Hospitals within the U. S = 6,146
  • Pulmonologists within the U.S. =3,419
  • General Medical Practitioners within the U.S. = 209,000
  • Retail Clinics and Emergent Facilities within the U.S. = 2,000
  • Assisted Living Facilities within the U.S. = 28,900

PRODUCT

  • Spirometers are devices which treat COPD caused by multiple lung diseases. Spirometer Calibration Syringes are necessary to calibrate the Spirometer medical device used by Pulmonologists, general practitioners, assisted living facilities, hospitals, and retail clinics.
  • The established statistic of patients with COPD in the U.S. is estimated to be 24 million. Calibration is recommended after each use.
  • However, if it is a high traffic medical facility, it can be calibrated after 10 patients. Spirometer Calibration Syringes usually cost $350, with a 1-year warranty for replacements at no cost within that first year. This medical equipment is usually a lifetime product, however it will need to be replaced if damaged, dropped accidentally, lost, or overused.

US MARKET SIZE

  • Based on the data available, the amount of use can not determine how often the damage occurs. However, from the information available, it can be extrapolated that the Spirometer Calibration Syringe should be replaced yearly.
  • If there are 249,465 locations, and there are approximately 24 million patients, it is safe to assume that there are roughly 97 patients per location.
  • If the average cost of a Spirometer Calibration Syringe is $350 and one location has roughly 97 patients in need of this device, the annual cost would be $33,950.
  • That would conclude that the annual market size for Spirometer Calibration Syringes would come to $8,469,336,750, assuming the number of U.S. patients remain the same.

Sources
Sources

Quotes
  • "State-level numbers of pulmonologists ranged from 12 in Wyoming and 15 in Alaska to 1,104 in New York and 1,259 in California. Locations of 12,392 US pulmonologists and quintiles of county estimates of the 15.7 million adults ≥ 18 years of age with diagnosed COPD: United States, 2013"
Quotes
  • "Spirometry may be ordered before a planned surgery to check if your lung function is adequate for the rigors of an operation. Additionally, spirometry may be used to screen for occupational-related lung disorders."
Quotes
  • "All spirometers require calibration or verification with an annually certificated calibration syringe. The machine should be serviced annually, or as per manufacturer’s recommendations"
Quotes
  • "In 2016, more than 8.9 million Americans were diagnosed with chronic bronchitis and nearly 75 percent of cases involved people over the age of 45."
  • "About 3.5 million AmericansTrusted Source have been diagnosed with emphysema, with more than 90 percent of cases involving people over age 45."
  • "In the United States, an estimated 16 million adults have COPD. However, that may be an underestimate. The American Lung Association (ALA) thinks there may be as many as 24 million American adults living with COPD."
Quotes
  • "Because of the cost to the health care system, the burden of respiratory diseases also falls on society; it is paid for with tax dollars, higher health insurance rates, and lost productivity. Annual health care expenditures for asthma alone are estimated at $20.7 billion"
  • "Currently more than 25 million people6,7 in the United States have asthma. Approximately 14.8 million adults have been diagnosed with COPD, and approximately 12 million people have not yet been diagnosed."
Quotes
  • "Pulmonary Disease Specialists Total Active U.S Physicians 7,713"
Quotes
  • "https://www.atsjournals.org/doi/full/10.1164/rccm.201908-1590ST"
  • "3-L calibration syringe d Daily inspection for displacement of the piston stop d Daily check for smooth operation of the syringe with no sticking or catching d Accuracy of 60.015 L verified by manufacturer on delivery and at intervals recommended by the manufacturer d Monthly syringe leak test"
Quotes
  • "Total Number of All U.S. Hospitals 6,146"
Quotes
  • "the number of practicing primary care physicians in the U.S. is estimated to be approximately 209,000"
Quotes
  • "In the United States, there are nearly 2,000 retail clinics."
  • "Retail clinics see more than six million patients annually."
Quotes
  • "There are approximately 28,900 assisted living communities with nearly 1 million licensed beds in the United States today. The average number of licensed beds in an assisted living community is 33."