Spirometer Market Growth, Size, Share, Trends, and Forecast 2032

Spirometer market Insights

The global Spirometer market size accrued earnings worth approximately USD 1070.45 Million in 2023 and is predicted to gain revenue of about USD 2574.05 Million by 2032, is set to record a CAGR of nearly 10.24% over the period from 2024 to 2032. The study includes drivers and restraints of the spirometer market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the spirometer market on a global level.

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Global Spirometer market Market: Overview

In order to give the users of this report a comprehensive view of the spirometer market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, where all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Spirometers are medical devices used to measure oxygen inhaled and exhaled by an individual, which also helps in the monitoring of normal lung functions. These devices are mainly used to diagnose various respiratory and breathing disorders, such as COPD, asthma, and bronchitis, among others. These also help in screening occupational environment but are mostly used to detect respiratory disorders and lung functions before a surgery. Spirometers also help to manage respiratory disorders. During the test, a spirometer generates pneumotachograph, which helps in the measurement of lung function. Spirometers are classified into volume measurement instruments and flow measurement devices. Flow measurement devices consist of pneumatic tachograph systems and mass flow meters. On the other hand, volume measurement instruments consist of wet spirometers and dry spirometers.

The growth of the spirometer market globally is driven by increasing prevalence of respiratory disorders like asthma and COPD and rising levels of environmental pollution. As per the Centers for Disease Control and Prevention report of 2017, around 6.2 million people aged 18 and above were living with asthma in the U.S. alone. Furthermore, the growing number of smokers is also expected to contribute to the spirometer market globally in the future. The increase in healthcare facilities and infrastructure has also propelled the growth of the global spirometer market. Moreover, technological advancements, a growing number of research and development activities, and strategic collaborations are likely to result in new product launches in the coming years, which will create new growth opportunities for the spirometer market. However, the lack of awareness and poor reimbursement policies may hamper the global spirometer market in the future.

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Global Spirometer Market: Segmentation

The global spirometer market is classified into product type, technology type, application, and end-user. The product type segment includes handheld, desktop and table top. Tabletop spirometers are expected to dominate the spirometer market in the future. The technology segment includes flow measurement, peak flow measurement, and volume measurement. The flow measurement segment is expected to dominate over the forecast time period. The application segment includes COPD, pulmonary fibrosis, asthma, cystic fibrosis, and others. COPD is likely to hold the largest market share in the years ahead. The end-user segment includes clinics, homecare, and hospital. The hospital segment is expected to hold a major market share in terms of revenue in the future.

Global Spirometer Market: Regional Analysis

By region, North America is expected to hold the largest share of the global spirometer market over the forecast time period. The Asia Pacific spirometer market is expected to grow notably in the future, owing to the presence of developing economies, such as India and China.

Spirometer Market: Report Scope

Some key players of the global spirometer market are-

• Philips Healthcare
• Schiller AG
• Medical International Research
• CareFusion Corporation
• Nihon Kohden Corporation
• NDD Medical Technologies Inc.
• Welch Allyn Inc.
• Cosmed
• Futuremed
• SDI Diagnostics
• Vitalograph
• MGC Diagnostics Corporation
• Jones Medical Hand-held Company
• Midmark Corporation.

This report segments the global spirometer market as follows:

Global Spirometer Market: Product Type Analysis

• Hand Held
• Desktop 
• Table Top

Global Spirometer Market: Technology Analysis

• Flow Measurement
• Peak Flow Measurement
• Volume Measurement

Global Spirometer Market: Application Analysis

• COPD
• Pulmonary Fibrosis
• Asthma
• Cystic Fibrosis
• Others

Global Spirometer Market: End-User Analysis

• Clinics
• Homecare
• Hospital

Global Spirometer Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa