Global Spirometer market demand 2024, Forecast To 2033
4 Mar, 2024
The spirometer market size has experienced robust growth, climbing from$1.15 billion in 2023 to$1.24 billion in 2024, with a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the increased prevalence of respiratory diseases, a growing emphasis on preventive healthcare, demographic shifts driven by an aging population, and the advancement of clinical research and evidence-based practices. Looking forward, the spirometer market is anticipated to see strong growth, reaching$1.63 billion in 2028, with a compound annual growth rate (CAGR) of 7.1%. This growth in the forecast period can be attributed to the shift towards home healthcare, ongoing clinical research, changes in medical reimbursement policies, and the expansion of occupational health monitoring. Major trends in the forecast period include remote monitoring and telemedicine, patient engagement and empowerment, digital health integration, personalized medicine and patient-centric care, and increased competition and innovation.
Global Spirometer Market Key Driver
The spirometer market is anticipated to witness robust growth driven by the increasing prevalence of chronic respiratory diseases. Chronic respiratory conditions, including asthma and COPD, afflict a substantial portion of the global population. The Australian Institute of Health and Welfare reported a significant prevalence of chronic respiratory conditions among Australians, emphasizing the urgent need for diagnostic tools like portable spirometers. As awareness of respiratory health grows, the demand for spirometers is expected to escalate, driving market growth in the foreseeable future.
Get A Free Sample Of The Global Spirometer Market ReportGlobal Spirometer Market Segments
The global spirometer market covered in this report is segmented –
1) By Type: Hand held, Table Top, Desktop
2) By Technology: Volume Measurement, Flow Measurement, Peak Flow Measurement
3) By Product: Device, Consumables and Accessories, Software
4) By Application: Asthma, COPD, Cystic Fibrous, Pulmonary Fibrosis, Other Applications
5) By End-Use: Hospitals and Clinics, Home Healthcare
By Geography: The regions covered in the spirometer market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the spirometer market share in 2023. The regions covered in the spirometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Spirometer Industry Players
Fukuda Sangyo Co. Ltd., Geratherm Respiratory GmbH, Jones Medical Instrument Company, Koninklijke Philips N.V., Ndd Medical Technologies Inc., nSpire Health Inc., Schiller AG, Sdi Diagnostics Inc., Sibelmed Sau, Smiths Medical Inc., Vitalograph Ltd., Vyaire Medical Inc., Welch Allyn Inc., Baxter International Inc., Benson Medical Instruments Co., Chest M.I. Inc., COSMED srl, Depisteo LLC, Henry Schein Inc., ICU Medical Inc., MGC Diagnostics Corporation, Midmark Corporation, Minato Medical Science Co Ltd., Nuvoair AB, OHD (SCHAUENBURG International, Philips Healthcare, Recorders & Medicare Systems Pvt Ltd., Teleflex Incorporated, Morgan Scientific Inc., Futuremed America Inc.
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Spirometer Market Overview
A spirometer refers to equipment that is used to assess lung health by measuring the amount of air that can be inhaled and exhaled by a person and the duration taken while exhaling the air. These are used to diagnose asthma, chronic obstructive pulmonary disease (COPD), and other conditions that affect breathing.
Spirometer Global Market Report 2023 provides data on the global spirometer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The spirometer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.