Spirometer Market Size, Share, Company Overview, Growth And Forecast By 2028

According to Precision Business Insights (PBI), the latest report, the spirometer market is expected to be worth USD 1,049.8 million in 2022, growing at a 10.5% CAGR from 2022 to 2028. The global spirometer market is segmented into the following types: By Type (Hand Held, Table Top and Desktop), Technology (Volume Measurement, Flow Measurement and Peak Flow Measurement), Application (Asthma, COPD, Cystic Fibrosis, Pulmonary Fibrosis and Others), End User (Hospitals and Clinics and Home Healthcare) and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key players' profiles in the spirometer market report are COSMED Srl, Hill-Rom, Inc., MGC Diagnostic Corporation, Midmark Corporation, Nspire Health Inc., SCHILLER, Smiths Medical, Teleflex Incorporated, Vitalograph and Vyaire medical. Some of the key factors driving the market growth include high prevalence of respiratory disorders, home healthcare becoming more popular, increasing air pollution, the environment changing, and advancement in spirometer technology.

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COPD Segment to Dominate the Spirometer Market
COPD segment is expected to account for a larger revenue share in the global spirometer market, with a value share worldwide. This is due to the widespread prevalence of mild to severe COPD and the simplicity of spirometry-based COPD diagnosis. Around 7.6 percent of people in Europe are thought to have COPD. The diagnosis and treatment of COPD both depend heavily on spirometry. According to American Lung Association, in 2018, 16.4 million people, or 6.6% of adults, reported a diagnosis of any type of COPD (chronic bronchitis, emphysema, or COPD). The number and rate of people reported with any type of COPD was relatively stable from 2014 to 2017 before increasing in 2018.

North America Spirometer Market:
The North America market is expected to increase in the global spirometer market over the forecast period. It is projected to grow at a CAGR of 11.3% in the coming years. The growth in the region can be ascribed to the expanding use of technologically advanced gadgets in the area and the rising incidence of chronic respiratory disorders. Asia pacific is likely to have considerable growth during estimated period owing to surge in the elderly population and awareness of the potential of these devices in the management of chronic diseases among healthcare organisations and patients. Additionally, it is anticipated that rising healthcare costs and the development of guidelines will fuel market expansion in the area.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global spirometer market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In March 2021, AioCare mobile spirometry equipment was introduced by Vyaire Medical in more than 15 nations in Europe, the Middle East, and Austra

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Detailed Segmentation
Based on the type, the market is segmented into the following:
• Hand Held
• Table Top
• Desktop

Based on the technology, the market is segmented into the following:
• Volume Measurement
• Flow Measurement
• Peak Flow Measurement

Based on the application, the market is segmented into the following:
• Asthma
• COPD
• Cystic Fibrosis
• Pulmonary Fibrosis
• Others

Based on the end user, the market is segmented into the following:
• Hospitals and Clinics
• Home Healthcare

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