Overview and Scope
A spirometer refers to equipment that is used to assess lung health by measuring the amount of air that can be inhaled and exhaled by a person and the duration taken while exhaling the air. These are used to diagnose asthma, chronic obstructive pulmonary disease (COPD), and other conditions that affect breathing.
Sizing and Forecast
The spirometer market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased prevalence of respiratory diseases, growing emphasis on preventive healthcare, aging population demographic, clinical research and evidence-based practices..
The spirometer market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to shift towards home healthcare, continue clinical research, medical reimbursement policies, occupational health monitoring.. Major trends in the forecast period include remote monitoring and telemedicine, patient engagement and empowerment, digital health integration, personalized medicine and patient-centric care, market competition and innovation..
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Segmentation & Regional Insights
The spirometer market covered in this report is segmented –
1) By Type: Hand held, Table Top, Desktop
2) By Technology: Volume Measurement, Flow Measurement, Peak Flow Measurement
3) By Product: Device, Consumables and Accessories, Software
4) By Application: Asthma, COPD, Cystic Fibrous, Pulmonary Fibrosis, Other Applications
5) By End-Use: Hospitals and Clinics, Home Healthcare
North America was the largest region in the spirometer market share in 2023. The regions covered in the spirometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in the prevalence of chronic respiratory diseases is expected to drive the demand for spirometer market going forward. Chronic respiratory diseases are chronic condition of the airways and other parts of the lung such as asthma, chronic obstructive pulmonary disease (COPD), lung cancer, cystic fibrosis, sleep apnea, and occupational lung diseases. Portable spirometers have been approved for diagnosing chronic obstructive pulmonary disease (COPD). For instance, in July 2022, according to the Australian Institute of Health and Welfare, the Australian-Government agency reported that one-third (30%) of Australians reported having chronic respiratory conditions. Of the estimated 7.5 million Australians with these conditions, 5.1 million (20% of the total population) had allergic rhinitis (‘hay fever’), 2.7 million (11% had asthma), and 2.0 million (8.0%) had chronic sinusitis (ABS 2022). Therefore, the increase in prevalence of chronic respiratory diseases is increasing demand for spirometer market.
Key Industry Players
Major companies operating in the spirometer market report are Fukuda Sangyo Co. Ltd., Geratherm Respiratory GmbH, Jones Medical Instrument Company, Koninklijke Philips N.V., Ndd Medical Technologies Inc., nSpire Health Inc., Schiller AG, Sdi Diagnostics Inc., Sibelmed Sau, Smiths Medical Inc., Vitalograph Ltd., Vyaire Medical Inc., Welch Allyn Inc., Baxter International Inc., Benson Medical Instruments Co., Chest M.I. Inc., COSMED srl, Depisteo LLC, Henry Schein Inc., ICU Medical Inc., MGC Diagnostics Corporation, Midmark Corporation, Minato Medical Science Co Ltd., Nuvoair AB, OHD (SCHAUENBURG International, Philips Healthcare, Recorders & Medicare Systems Pvt Ltd., Teleflex Incorporated, Morgan Scientific Inc., Futuremed America Inc.
The spirometer market report table of contents includes:
1. Executive Summary
- Spirometer Market Characteristics
- Spirometer Market Trends And Strategies
- Spirometer Market – Macro Economic Scenario
- Global Spirometer Market Size and Growth
.
31. Global Spirometer Market Competitive Benchmarking - Global Spirometer Market Competitive Dashboard
- Key Mergers And Acquisitions In The Spirometer Market
- Spirometer Market Future Outlook and Potential Analysis
- Appendix
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