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

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.