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Key Trends Reshaping the Spirometer Market: Technological Advancements Propel Spirometer Market With Wireless Solutions Industry Transformation
Spirometer Market Size
Spirometer Market Size Growth Forecast: What to Expect by 2025?
The size of the spirometer market has significantly expanded in the last few years. The market valuation is anticipated to increase from $1.2 billion in 2024 to $1.28 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. The surge during the past period is linked to the rising incidence of respiratory conditions, growing focus on proactive health care, the aging population, and increased clinical research and evidence-based practices.
How Will the Spirometer Market Size Evolve and Grow by 2029?
The market for spirometers is anticipated to undergo robust expansion in the subsequent years, reaching a value of $1.74 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.0%. The market growth in the said period is likely to result from the transition to home healare, steady clinical research, medical indemnity policies, and occupational health supervision. The key trends forecasted for this period include remote patient monitoring and telehealth, patient participation and enablement, digital health amalgamation, individualized healare, patient-oriented care and market rivalry, and creativity.
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What Drivers Are Propelling the Growth of Spirometer Market Forward?
The rise in the occurrence of chronic respiratory illnesses is anticipated to propel the spirometer market's growth. Chronic respiratory illnesses are long-term conditions affecting the airways and other lung parts, including asthma, chronic obstructive pulmonary disease (COPD), lung cancer, cystic fibrosis, sleep apnea, and occupational lung disorders. These respiratory conditions are usually associated with factors like smoking, air pollution, occupational exposures, and genetic makeup. Spirometers play a crucial role in managing these diseases by assessing lung function, which enables medical professionals to track disease progression and the efficacy of treatments. This data assists in medication adjustments and creating bespoke care plans, ultimately improving a patient's respiratory wellbeing. For instance, in July 2022, the Australian Institute of Health and Welfare, an Australian Government institution, reported that one-third (30%) of Australians are suffering from chronic respiratory conditions. Among the predicted 7.5 million Australians with these conditions, 5.1 million (20% of the entire population) had allergic rhinitis ('hay fever'), 2.7 million (11% had asthma), and 2.0 million (8.0%) were living with chronic sinusitis (ABS 2022). Consequently, the rising prevalence of chronic respiratory diseases is boosting the demand for the spirometer market.
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Which Emerging Trends Are Transforming the Spirometer Market in 2025?
Key players in the spirometer market are prioritizing the development of cutting-edge solutions such as app-based platforms. These platforms are geared towards aiding users in tracking their lung health and sharing relevant data with their healare providers. Such platforms used in the spirometer market equip users with capabilities to check their lung function, obtain instantaneous feedback, and transmit data to healare professionals thereby optimizing the handling of respiratory diseases. As an example, in May 2023, CMI Health Inc., a US-based medical device manufacturing organization, rolled out AsthmaGo. AsthmaGo represents a groundbreaking app-based asthma management platform which merges with the SpiroLink digital spirometer, permitting users to monitor their lung performance and oxygen levels comfortably at home. This platform offers control to asthma patients, including children, over their condition and encourages sharing of health data with caregivers for tailored care.
What Are the Key Segments in the Spirometer Market?
The 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 Healare
Subsegments:
1) By Hand-held: Digital Hand-held Spirometers, Mechanical Hand-held Spirometers
2) By Table Top: Electronic Table Top Spirometers, Ultrasonic Table Top Spirometers
3) By Desktop: Digital Desktop Spirometers, Software-Integrated Desktop Spirometers
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Who Are the Key Players Shaping the Spirometer Market's Competitive Landscape?
Major companies operating in the spirometer market are 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, Recorders & Medicare Systems Pvt Ltd., Teleflex Incorporated, Morgan Scientific Inc., Futuremed America Inc.
What Geographic Markets Are Powering Growth in the Spirometer Market?
North America was the largest region in the spirometer market share in 2024. The regions covered in the spirometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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