Spirometer Market Size, Share, Growth Analysis, By Type(Handheld, and Tabletop), By Technology(Volume Measurement, Flow Measurement), By Application(Asthma, Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis, Pulmonary Fibrosis), By End User(Hospitals and Clinics, Diagnostic Laboratories, Home Healthcare, and Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2503 | Region: Global | Published Date: March, 2024
Pages: 219 |Tables: 92 |Figures: 76

Spirometer Market Insights

Spirometer Market size was valued at USD 951.0 million in 2022 and is poised to grow from USD 1036.3 million in 2023 to USD 1989.1 million by 2031, growing at a CAGR of 8.52% in the forecast period (2024-2031). 

An increase in the number of chronic respiratory diseases, a change in preferences for home care and new technologies are expected to boost the growth of the market. WHO estimates that 90% of the global population breathe poor air quality that contains pollutants and irritants that impact lungs in several ways.  

The spirometry equipment helps identify respiratory diseases such as obstructive chronic lung disease, emphysema, asthma and other lung diseases in an occupational environment. The rising incidence and prevalence rates of COPD in the global population also mean that the screening of COPD condition will be required, which will propel the need for spirometry tests. For instance, in November 2021, in the European Respiratory Journal, the authors pointed out that it is predicted that 49,453,852 Europeans will have COPD in 2050, while in 2020, it was 36,580,965. In addition, Netherlands also expected to have the highest incidence of COPD at 14.6%. Furthermore, research carried out in January 2021 and published in PLOS ONE found that in France, 2.6 million Chronic obstructive pulmonary disease affects people with a projection to reach 2.8 million by 2025. Hence, the continuously rising number of COPD patients will strengthen the need for technologically advanced spirometers, which will further boost the market growth. 

Another factor is the increasing number of active ageing because they need the products offered by the markets most of the time. This demographic group is more vulnerable to chronic respiratory conditions and spirometry serves to diagnose them. Also, raising the popularity of enhanced diagnostic procedures among consumers is also promoting market growth. There are many new technologies which have facilitated the clinicians and hospitals to monitor patient data easily; this includes advancements in the design of spirometers which are now small and portable and can be connected to smart devices. Moreover, the development of new products with greater efficiency also boosts the research and development activities to drive the market.

Market snapshot - 2024-2031

Global Market Size

USD 1.10 billion

Largest Segment

Hospitals and Clinics

Fastest Growth

Hospitals and Clinics

Growth Rate

10.20% CAGR

Global Spirometer Market ($ Bn)
Country Share for North America Region (%)

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Spirometer Market Segmental Analysis

Based on type, the market is segmented into Handheld, and Tabletop. By Technology, the market is segmented into Volume Measurement, and Flow Measurement. By Application, the market is segmented into Asthma, Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis, Pulmonary Fibrosis, and Others. By End User, the market is segmented into Hospitals and Clinics, Diagnostic Laboratories, Home Healthcare, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. 

Analysis by Type 

The handheld segment is the largest in the market, with USD 585.2 million in 2023, with a CAGR of 8.6% due to the increase in incidences of COPD and asthma, the increase in the global population of smokers, and the increased frequency of new product releases. For instance, in 2021, Cipla Limited launched Spirofy, a wireless spirometer that is portable and uses pneumotach technology, on World COPD Day. This launch is designed to COPD is diagnosed and is in tune with Cipla’s strategy of strengthening its leadership position in the Indian respiratory market. In addition, in September 2023, Alveofit got approval for the Alveoair portable digital spirometer from the US FDA.  It increases confidence in the transportability of spirometers and can lead to the evolution of respiratory diagnosis by making powerful, precise instruments available to clinicians and patients. 

The tabletop is a growing segment in the market, which represents revenue of USD 451.1 million in 2023. Clinics and hospitals are the major users of tabletop spirometers, which are the costliest of all the types. This market segment is likely to expand at a faster rate because of its versatility in the treatment of respiratory disorders, including asthma, COPD, and other pulmonary disorders. Meanwhile, portable spirometers have been developed and preferred because of their light weight and small size, which enables them to store several diagnostic test results and print the results on normal printers. 

 Analysis by Application 

The asthma segment holds the largest share in the market and is valued at USD 548. 42 million in 2023, with the CAGR expected to be at 8.8%. In 2022, CDC has estimated, around 8.7% of adults aged 18 and 6.2% of children under 18 years are affected by asthma in united states. Moreover, it is possible to find approximately 4.9 million office visits for asthma annually, with asthma documented in the medical record only in 6.3%. In addition, 939,000 patients visiting the emergency department have asthma as the main diagnosis excluding chronic obstructive asthma. 

In 2023, the COPD segment is growing market share, driven by its widespread prevalence globally and the straightforward diagnosis via spirometry. COPD's prevalence is estimated at approximately 7.6% in europe. Spirometry is pivotal for both diagnosing and monitoring COPD. Nevertheless, the rise of mobile applications such as ResAppDx, capable of diagnosing COPD and exacerbations caused by infections, presents a potential alternative that could constrain segment expansion. Additionally, in 2022, the American Lung Association reported that 11.7 million individuals, representing 4.6% of adults, received a COPD diagnosis. Spirometry remains the cornerstone for diagnosing COPD, capable of detecting the condition even before symptoms appear. Healthcare providers rely on spirometry results to assess the severity of COPD and set treatment goals.

Global Spirometer Market Size by Type (%)

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Spirometer Market Regional Insights

North America held the largest market share in 2023 with 38.04% due to increasing incidences of respiratory diseases. Asthma and COPD incidence has led to higher spirometer sales because of disease necessity and acceptance among hospital doctors. Also, the United States has been at the forefront of embracing technologies to reduce the incidences of COPD. Such factors indicate that the market has good potential for growth in the future for the given forecast period. Chronic respiratory diseases are prevalent in the United States, which increases the need to monitor the conditions through portable handheld spirometers. 

The European market is growing at a higher rate during the forecast period owing to the rising number of product approvals from healthcare authorities. Government campaigns that seek to educate people on respiratory illnesses are also increasing the number of persons seeking diagnostic procedures. The well-developed hospital industry of Germany is also creating the need for sophisticated table-top spirometers for respiratory assessments. Spirometry devices used in hospitals, particularly those that are technologically advanced, are part of this market. Table-top spirometers give healthcare professionals the essential equipment to complete comprehensive respiratory evaluations and be able to diagnose different respiratory disorders. This increased demand for sophisticated spirometers is indicative of Germany’s continuing focus on providing quality health care and developing new medical technologies.

Global Spirometer Market Size By Geography
  • Largest
  • Fastest

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Spirometer Market Dynamics

Global Spirometer Market Drivers

Growing prevalence of respiratory diseases worldwide 

  • The spirometers are demanding for early detection, disease management, and treatment intervention for people with respiratory disorders. In 2020, the COPD incidence was estimated 10.6% in both males and females, equivalent to 480 million cases. The estimates of COPD prevalence suggest that the figure of COPD patients will increase by 112 million by 2050, totaling 592 million or 9.3% from year 2020 to year 2050. This rising is mainly due to the increasing prevalence of COPD among female patients and LMICs. In females, COPD is expected to rise to 7.8% in 2020 to 8.3% in 2050. The number of the population aged 65 and over was 8% in 2020 and 8.3% in 2050, a relative increase of 6.4%. The global prevalence of COPD in females is projected to rise from 177 million in the year 2020 to 260 million by the year 2050, this a rise of 83 million, 47.1% relative increase. 

Growing focus on public health initiatives and respiratory disease screening programs by governments 

  • The Market is experiencing significant growth due to heightened emphasis on public health initiatives and respiratory disease screening programs by governments worldwide. This trend is further bolstered by escalating healthcare expenditures globally, which drives demand and market expansion. for instance, in China where chronic respiratory diseases like COPD are prevalent, the government initiated a nationwide COPD screening program in October 2021. This program targets a large, previously undetected high-risk population and integrates spirometry as a critical diagnostic tool. With plans to enroll 800,000 participants aged 35–75 from diverse regions, this initiative underscores the importance of early detection and management of respiratory diseases, thereby fueling demand for spirometers in the country. Similarly, India is undergoing a health transition marked by a rising burden of Non-Communicable Diseases, including chronic respiratory illnesses. These diseases, such as cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes, account for a significant proportion of deaths in the country. The increasing prevalence of these conditions highlights the urgent need for robust screening programs and diagnostic tools like spirometers for early detection and effective management. This growth trajectory presents lucrative opportunities for stakeholders in the Global Spirometer Market, positioning spirometry as an essential tool in combating respiratory diseases globally.  

Restraints 

High cost of advanced spirometers, coupled with limited insurance reimbursement  

  • The market is growing rapidly, due to the increasing focus of governments across the globe on public health and respiratory disease screening programs. for instance, October 2021, chronic respiratory diseases such as COPD remain common in China, the government launched a COPD screening campaign across the country. This program aims at a large population of high-risk patients who have remained unnoticed before and spirometry becomes an important component of the diagnostic process. This program targets to recruit 800000 participants aged 35-75 years from different parts of the country, and the focus on early identification and management of respiratory diseases will increase the demand for spirometers in the country. Likewise, India is in the process of experiencing a transition in the disease burden shift from communicable diseases to chronic Non-Communicable Diseases which include chronic respiratory diseases. Such diseases as cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes are among the causes of high mortality rates in the country. The rising incidence of these diseases calls for effective and efficient screening and diagnostic methods such as spirometers. This growth trend will open up great opportunities for stakeholders in the Global Spirometer Market and place spirometry as one of the key tools that can be used to fight respiratory diseases around the world. 

Risks in spirometry testing impact patient confidence and healthcare provider  

  • The market faces challenges related to the integral risks of spirometry testing. However, spirometry is not risk-free; some patients may experience shortness of breath or dizziness after the test, which may discourage patients, especially those with respiratory disorders, from undergoing the test. The physical effort involved in spirometry could be dangerous for patients who have had a recent cardiac problem and may lead to the worsening of cardiovascular diseases. There is also a very small risk that severe respiratory problems can be induced during testing, particularly in patients with asthma or COPD, affecting patient comfort and willingness to be tested again in the future. The use of water-filled spirometers is less feasible due to their size and weight, non-portable nature, and vulnerability to spillage, which makes data collection and analysis more cumbersome than with electronic spirometers. Mitigating these risks and advancing the safety, precision, and functionality of devices remains critical to boosting patients’ trust and the use of spirometry across healthcare systems worldwide.

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Spirometer Market Competitive Landscape

The market is competitive and driven by technological factors and the expansion strategies implemented in the markets. Businesses are concerned with the improvement of spirometry tools to increase precision, ease of use, and patient tolerance. New entrants are gradually increasing their presence with niche products and partnerships. This category of strategies entails forming partnerships, mergers, and acquisitions to enhance market position and leverage the increasing demand for respiratory diagnostic solutions in the global market.

Top Player’s Company Profiles in Global Spirometer Market

  • Baxter International Inc (US)  
  • Midmark Corporation (US) 
  • FutureMed (US) 
  • COSMED SRL (Italy) 
  • MGC Diagnostics Corporation (US) 
  • Medical International Research (MIR) (Italy) 
  • Vyaire Medical Inc (US) 
  • Vitalograph (UK) 
  • NDD Medical Technologies Inc (Switzerland) 
  • Schiller AG (Switzerland) 
  • Jones Medical Instrument Company (US) 
  • Sibelmed (Spain) 
  • Medline Industries LP (US) 
  • NCE Empowering Safety (US) 
  • Teleflex Inc (US) 
  • The Contec Group (China) 
  • Medikro (Finland) 
  • SDI Diagnostics (US) 
  • Chest M.I., Inc (Japan) 
  • Fukuda Sangyo Co. Ltd., (Japan)

Global Spirometer Market Recent Developments

  • In April 2024, Clario acquired ArtiQ, a technology company. This acquisition strengthens Clario's Respiratory Solutions portfolio by integrating advanced artificial intelligence (AI) capabilities. It enhances Clario's capacity to innovate and deploy AI across its service offerings, aiming to advance the efficiency and effectiveness of clinical trials. 
  • In October 2023, Med Company and Sananet collaborated to revolutionize lung function tests. They integrated the Spirobank Smart Spirometer into the MedCor4U App, enabling patients at OLVG and HagaZiekenhuis to share FEV1, FVC, and flow-volume curve data with SananetOnline and SanaCoach Asthma. This collaboration allows patients to conduct lung function tests from home, with results immediately visible on both platforms for patients and healthcare providers. 
  • In September 2023, Alveofit announced that its innovative alveoair spirometer has received clearance from the US FDA for distribution in the United States. Alveofit specializes in digital therapeutics for respiratory care and aims to provide cost-effective and interoperable solutions for lung health. The alveoair spirometer offers real-time insights to healthcare providers, facilitating prompt interventions and enhancing respiratory care management.

Spirometer Key Market Trends

  • Advancements in spirometry technology: The development of new spirometry devices is now experiencing fast-growing demand in the global market due to better usability, portability, and cheaper prices. Some of the advancements include portable devices that have greatly enhanced respiratory care through enhanced portability and convenience of the devices to both the carers and the patients. These portable equipments allow pulmonary function tests in non-hospital environments, particularly in point-of-care and telemedicine settings. For instance, in January 2024, the Air Next spirometer developed by NuvoAir is a breakthrough, as it is the first spirometer approved by the FDA for home use. Moreover, incorporation with Smartphones has emerged as a trend that utilizes the existing popular devices to improve usability. spirometers are integrated with smartphone applications, which track patients’ respiratory health and share the data with their healthcare providers for assessment and management without physically visiting the clinic. 
  • Rising public awareness regarding respiratory diseases: Spirometry testing plays a critical role in early identifying respiratory conditions, predominantly COPD. Despite its effectiveness in detecting airflow limitation in patients with a low FEV1/FVC ratio, spirometry remains underutilized, expressly among asymptomatic individuals. the risk of morbidity and mortality increasing due to undiagnosed AFL. This underscores the necessity for widespread adoption of spirometry testing as a preventive healthcare measure. Research indicates that AFL in young and middle-aged adults can lead to increased respiratory and cardiovascular morbidity, potentially resulting in premature death. While COPD typically manifests after age 50, symptoms and airflow obstruction may appear years earlier. Therefore, early diagnosis is crucial for initiating timely interventions that can slow disease progression and improve long-term outcomes. Additionally, spirometry parameters, such as low FEV1, low FEV1/FVC ratio, and early airflow obstruction in young adults, serve as strong predictors of future lung function decline and airflow limitation in middle age. This predictive capability underscores the importance of spirometry in diagnosing existing respiratory conditions and identifying individuals at risk of developing COPD.

Spirometer Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.   

According to our analysis, the market is poised for significant growth, driven by several key factors. Rising prevalence of respiratory diseases globally, coupled with increasing awareness about the importance of respiratory health monitoring, is expanding the market demand. Technological advancements have led to a shift towards portable and user-friendly spirometers, catering to the growing trend of home healthcare solutions and remote patient monitoring. Integration of advanced monitoring capabilities, including real-time data access and analysis facilitated by technologies are enhancing the diagnostic precision of spirometry devices. However, the market faces challenges such as regulatory complexities, particularly in regions with stringent medical device regulations. Manufacturers must navigate these hurdles by ensuring compliance with quality standards and obtaining necessary certifications. Overall, with ongoing innovations and increasing adoption in healthcare settings worldwide, the Global Spirometer Market presents promising opportunities for growth and advancement in respiratory diagnostics.

Report Metric Details
Market size value in 2022 USD 951.0 million
Market size value in 2031 USD 1989.1 million
Growth Rate 8.52%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • Portable, Non-Portable
  • Technology
    • Volume Measurement, Flow Measurement
  • Application
    • Asthma, Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis, Pulmonary Fibrosis, and Others
  • End User
    • Hospitals and Clinics, Diagnostic Laboratories, Home Healthcare, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Baxter International Inc (US)  
  • Midmark Corporation (US) 
  • FutureMed (US) 
  • COSMED SRL (Italy) 
  • MGC Diagnostics Corporation (US) 
  • Medical International Research (MIR) (Italy) 
  • Vyaire Medical Inc (US) 
  • Vitalograph (UK) 
  • NDD Medical Technologies Inc (Switzerland) 
  • Schiller AG (Switzerland) 
  • Jones Medical Instrument Company (US) 
  • Sibelmed (Spain) 
  • Medline Industries LP (US) 
  • NCE Empowering Safety (US) 
  • Teleflex Inc (US) 
  • The Contec Group (China) 
  • Medikro (Finland) 
  • SDI Diagnostics (US) 
  • Chest M.I., Inc (Japan) 
  • Fukuda Sangyo Co. Ltd., (Japan)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Spirometer Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Spirometer Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Spirometer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Spirometer Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Spirometer Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Spirometer Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Spirometer Market size was valued at USD 951.0 million in 2022 and is poised to grow from USD 1036.3 million in 2023 to USD 1989.1 million by 2031, growing at a CAGR of 8.52% in the forecast period (2024-2031). 

The market is competitive and driven by technological factors and the expansion strategies implemented in the markets. Businesses are concerned with the improvement of spirometry tools to increase precision, ease of use, and patient tolerance. New entrants are gradually increasing their presence with niche products and partnerships. This category of strategies entails forming partnerships, mergers, and acquisitions to enhance market position and leverage the increasing demand for respiratory diagnostic solutions in the global market. 'Baxter International Inc (US)  ', 'Midmark Corporation (US) ', 'FutureMed (US) ', 'COSMED SRL (Italy) ', 'MGC Diagnostics Corporation (US) ', 'Medical International Research (MIR) (Italy) ', 'Vyaire Medical Inc (US) ', 'Vitalograph (UK) ', 'NDD Medical Technologies Inc (Switzerland) ', 'Schiller AG (Switzerland) ', 'Jones Medical Instrument Company (US) ', 'Sibelmed (Spain) ', 'Medline Industries LP (US) ', 'NCE Empowering Safety (US) ', 'Teleflex Inc (US) ', 'The Contec Group (China) ', 'Medikro (Finland) ', 'SDI Diagnostics (US) ', 'Chest M.I., Inc (Japan) ', 'Fukuda Sangyo Co. Ltd., (Japan)'

The spirometers are demanding for early detection, disease management, and treatment intervention for people with respiratory disorders. In 2020, the COPD incidence was estimated 10.6% in both males and females, equivalent to 480 million cases. The estimates of COPD prevalence suggest that the figure of COPD patients will increase by 112 million by 2050, totaling 592 million or 9.3% from year 2020 to year 2050. This rising is mainly due to the increasing prevalence of COPD among female patients and LMICs. In females, COPD is expected to rise to 7.8% in 2020 to 8.3% in 2050. The number of the population aged 65 and over was 8% in 2020 and 8.3% in 2050, a relative increase of 6.4%. The global prevalence of COPD in females is projected to rise from 177 million in the year 2020 to 260 million by the year 2050, this a rise of 83 million, 47.1% relative increase. 

Advancements in spirometry technology: The development of new spirometry devices is now experiencing fast-growing demand in the global market due to better usability, portability, and cheaper prices. Some of the advancements include portable devices that have greatly enhanced respiratory care through enhanced portability and convenience of the devices to both the carers and the patients. These portable equipments allow pulmonary function tests in non-hospital environments, particularly in point-of-care and telemedicine settings. For instance, in January 2024, the Air Next spirometer developed by NuvoAir is a breakthrough, as it is the first spirometer approved by the FDA for home use. Moreover, incorporation with Smartphones has emerged as a trend that utilizes the existing popular devices to improve usability. spirometers are integrated with smartphone applications, which track patients’ respiratory health and share the data with their healthcare providers for assessment and management without physically visiting the clinic. 

North America held the largest market share in 2023 with 38.04% due to increasing incidences of respiratory diseases. Asthma and COPD incidence has led to higher spirometer sales because of disease necessity and acceptance among hospital doctors. Also, the United States has been at the forefront of embracing technologies to reduce the incidences of COPD. Such factors indicate that the market has good potential for growth in the future for the given forecast period. Chronic respiratory diseases are prevalent in the United States, which increases the need to monitor the conditions through portable handheld spirometers. 

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