Global Spirometer Market is valued at approximately USD 583.2 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. A spirometer is a medical device designed to measure the volume of air inspired and expired by the lungs during breathing. It plays a crucial role in assessing respiratory function and diagnosing various pulmonary conditions. Typically used in clinical settings, the spirometer captures data related to lung capacity and airflow, helping healthcare professionals evaluate lung function parameters such as vital capacity, forced expiratory volume, and peak expiratory flow. The Spirometer Market is expanding because of factors such as the rising burden of respiratory diseases, technological advancements in the field of spirometers and a growing preference for home healthcare.
The escalating prevalence of respiratory diseases, including asthma, Chronic Obstructive Pulmonary Disease (COPD), and other pulmonary conditions, is anticipated to drive a surge in the demand for spirometers. As these respiratory ailments continue to pose a growing burden on global healthcare systems, the need for effective diagnostic and monitoring tools becomes increasingly paramount. Spirometers play a pivotal role in the diagnosis, assessment, and management of respiratory disorders by providing accurate and quantifiable measurements of lung function. As indicated by a publication in the European Respiratory Journal in November 2021, the prevalence of Chronic Obstructive Pulmonary Disease (COPD) in Europe is projected to increase significantly. By the year 2050, it is estimated that approximately 49,453,852 Europeans would be affected by COPD, a rise from the 36,580,965 reported in 2020. The same source also highlights that the Netherlands is anticipated to have the highest COPD prevalence in Europe, reaching 14.6% by the year 2050. Moreover, rising government collaboration with private organizations for product development and an increasing number of initiatives for disease awareness are creating new opportunities for market growth. However, concerns regarding accuracy and calibration hamper market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Spirometer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing prevalence of COPD, asthma, and other respiratory diseases, the rising development of precise devices in the region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the rising prevalence of target diseases, geographic expansion of key players, and active participation of government in the market space.
Major market player included in this report are:
Baxter International (Hill-Rom Services, Inc)
Jones Medical Instrument Company
MGC Diagnostics Corporation
Midmark Corporation
NDD Medical Technologies
KoKo PFT Ltd
OHD (SCHAUENBURG International Group)
Koninklijke Philips N.V.
ICU Medical, Inc.
Teleflex Incorporated
Recent Developments in the Market:
In September 2022, RxCap, Inc. established a collaborative alliance with ZEPHYRx to seamlessly incorporate the ZEPHYRx cloud spirometry platform into RxCap's remote monitoring system. This integration empowers RxCap's enterprise clients, including healthcare providers and payers, to effectively track the lung function of individuals grappling with significant pulmonary conditions among their patient or member base.
In Aug 2022, AstraZeneca collaborated with Alveofit, a respiratory healthcare platform, to introduce Internet of Things (IoT)-enabled handheld spirometers in hospitals nationwide. This portable spirometer is seamlessly connected to the IoT, facilitating remote patient monitoring, and enabling tele-spirometry, complemented by comprehensive care management solutions.
Global Spirometer Market Report Scope:
Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Technology, Application, End-use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
Hand-Held
Table-Top
By Technology:
Volume Measurement
Flow Measurement
By Application:
Asthma
COPD
Others
By End-User:
Hospitals and Clinics
Home Healthcare
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
