The spirometer market includes various devices used to measures volumes of air inspired and expired by the lungs and the flow rate of expiration. Spirometers are majorly used for diagnosis of various respiratory conditions such as asthma, COPD, and cystic fibrosis. Advantages of using spirometers include easy to operate, portable, provide accurate and reproducible results. With rising cases of respiratory diseases globally due to factors such as growing geriatric population, increasing pollution levels, and changing lifestyle, there has been increasing demand for lung function tests using spirometers.
The Global spirometer market is estimated to be valued at US$ 800 million in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the spirometer market are BD, nSpire Health, Schiller, COSMED, MGC Diagnostics Corporation. These players are focusing on new product launches and geographical expansion to strengthen their market position.
spirometer market demand for home healthcare monitoring devices due to Covid-19 pandemic. The spirometer manufacturers are expanding their product portfolio by offering portable hand held devices for home usage.
The spirometer market is expanding globally with companies focusing on emerging markets of Asia Pacific and Latin America owing to increasing healthcare expenditure and large patient pools in these regions.
Market drivers:
- Increasing prevalence of respiratory diseases- Growing patient pool of COPD, asthma and other lung diseases globally is driving the demand for spirometers for diagnosis and monitoring.
Market restraints:
- High cost of technologically advanced spirometers limits their adoption in low income countries. Affordability is a major challenge especially for devices used in home healthcare setting.
Segment Analysis
The global spirometer market is segmented based on type, technology, end-use, and geography. Based on type, the demand for desktop spirometer is high due to its extensive use in hospitals, clinics, and diagnostic centers. Desktop spirometer is dominating the market as it offers accurate and reproducible testing results while being easy to use.
Based on technology, flow-sensing spirometers are widely used due to their advantage of measuring airflow directly using microsensors. Flow-sensing spirometers segment holds a major market share due to accurate measurements and real-time trend monitoring capacity.
The end-use segmentation includes hospitals, clinical laboratories, home healthcare, and industrial settings. Among these, hospitals account for the highest adoption of spirometers owing to large patient pools and need for periodic lung functioning assessment of high-risk groups like smokers.
Global Analysis
Regionally, North America dominates the global spirometer market and is expected to remain the highest revenue generating region during the forecast period. High healthcare spending, strong presence of market players, and escalating cases of respiratory diseases like asthma and COPD are fueling the market growth in this region. The Asia Pacific region is projected to grow at the fastest rate during the forecast period. Increasing healthcare expenditures, enlarging patient population, and rising awareness about respiratory disorders are some factors contributing to the regional market growth.
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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