Global Spirometer Market

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 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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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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Global Spirometer Market

Report ID: SQMIG35A2503

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