USD 1.10 billion
Global Spirometer Market Size, Share, Growth Analysis, By Product(Devices, Hand Held), By Technology(Volume Measurement, Flow Measurement), By End-use(Hospitals and Clinics, and Home Healthcare) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2503 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
92 |
Figures:
76
Global Spirometer Market Insights
Global Spirometer Market size was valued at USD 1.10 billion in 2022 and is poised to grow from USD 1.21 billion in 2023 to USD 2.64 billion by 2031, growing at a CAGR of 10.20% during the forecast period (2024-2031).
The global spirometer market is anticipated to grow driven by an increase in the incidence of chronic respiratory disorders, a growing desire for home healthcare, and advances in technology. Pollutants & irritants have a number of negative impacts on the lungs. For testing in a working context, spirometry gear aids in the identification of multiple respiratory illnesses such as severe chronic pulmonary disease, asthma, emphysema, and various other breathing problems. The global rise in COPD incidence is expected to drive up demand for lungs in the future years.
Companies are creating spirometers with enhanced design and features to ease the difficult procedure of testing for pulmonary function for patients and medical professionals. The primary goal is to create spirometers with increased yield and improved comfort for patients that are free of problems. Furthermore, businesses are implementing novel packing processes to prevent bacterial contamination. Such technological advancements make diagnostic procedures easier and more straightforward for patients.
Spirometry is rarely used to diagnose asthma in pediatric patients, especially in countries with limited resources where the burden of noncommunicable diseases is higher. Strategies to enhance the use of spirometry testing can help to lessen the burden of noncommunicable diseases. As a result, increased efforts to provide pediatric care, as well as the usage of sophisticated spirometry devices that standardized test results and provide prompt responses, are expected to fuel market expansion.
Patients' choice for medical care at home has grown in recent years. The concept of giving therapy to patients in the ease of their own homes is a fundamental driver driving market expansion. The rise in popularity of home healthcare has resulted in the creation of tele-spirometers. Another key driver of market expansion is the expanding older population. This population is predisposed to a number of chronic respiratory illnesses, which can be detected with spirometry. Furthermore, rising consumer knowledge of sophisticated methods for diagnosis is driving market expansion.
Numerous technological advances, such as the introduction of tiny and portable spirometers that can link to smart devices, have enabled physicians and hospitals to easily access patient data. Increased R&D for creating more efficient goods is also expected to drive market expansion.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals and Clinics
Fastest Growth
Hospitals and Clinics
Growth Rate
10.20% CAGR
Global Spirometer Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Spirometer Market By End-use 2021-2030 ($ Bn)
Global Spirometer Market By End-use 2021-2030 (%)
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Global Spirometer Market Segmental Analysis
The global spirometer market is segmented based on product, technology, application, end user, and region. In terms of product, the market is segmented into devices, hand held, table top, desktop, software, and consumables & accessories. In terms of technology, the market is segmented into volume measurement, flow measurement, peak flow measurement. Based on application, the market is segmented into asthma, copd, cystic fibrosis, pulmonary fibrosis, others. With respect to end-use, the market is segmented into hospitals and clinics, and home healthcare. Based on region the global spirometer market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Spirometer Market Analysis by Product
The tabletop category dominated the spirometer market, accounting for 43.6% of total revenue. Owing to its broad use for the management of respiratory disorders such as COPD, asthma, and other lung conditions, the market is predicted to rise rapidly. Pocket spirometers are compact and lightweight devices that can save hundreds of diagnostics test findings and print them using conventional printers.
Furthermore, results can be saved to flash drives or shared to patients' electronic medical records (EMRs). Handheld transportable spirometers have expanded the reach of tests for pulmonary function outside the laboratory and into primary care settings, allowing for the early detection and treatment of pulmonary blockages.
Desktop spirometers, on the other hand, are predicted to expand at the quickest pace of 10.6% at a CAGR of 10.6% throughout the projection period because they give integrated medical data for improved clinical decisions. They can help to alleviate the stress of paperwork. Furthermore, because clinicians have rapid access to medical records with computers, they may examine pulmonary blockage or restriction.
Global Spirometer Market Analysis by Technology
The flow measurement segment dominated the market in terms of technology, accounting for 66.7% of the market in 2022. This is due to its widespread use in pulmonary function tests. This spirometry equipment is typically tabletop in design with no moving parts, making them easy to use.
Flow measuring spirometers are very simple to automate due to their superior frequency characteristics. They also provide a graphical representation of the flow produced in the process. Flow spirometers monitor both inspiration and expiration. These devices are commonly used in medical offices and hospitals. Organizations to encourage public access to Spirometers already exist.
The peak flow measurement category is predicted to increase at the fastest rate, with a CAGR (compound annual growth rate) of 10.9% from 2023 to 2030. Peak flow measuring devices may alert of an impending asthma attack by detecting the contraction of pulmonary airways. As a result, asthma patients can receive timely medical attention. Mobile applications like Smart One allow you to record high flow rates and FEV1 measures at home and wirelessly communicate the data to your doctor.
Global Spirometer Market By End-use 2021 (%), 2023 (%)
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Global Spirometer Market Regional Insights
North America dominated the market with a 41.6% share in 2022, owing mostly to the rising frequency of respiratory disorders. As the number of COPD and asthma cases rises, so does the usage of spirometers, which help in disease control and are routinely used by doctors in hospitals. Furthermore, the US has been highlighted as an early adopter of technology that aids in the decrease of COPD rates. Due to the one preceding, the market is expected to expand throughout the forecast period.
Asia Pacific, on the other hand, is predicted to develop at the quickest rate throughout the forecast period, with a CAGR (compound annual growth rate) of 11.1%. Improving primary care efforts for early detection and treatment of chronic lung diseases including COPD and asthma are expected to drive the market in the Asia-Pacific region over the projected period.
Global Spirometer Market By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global Spirometer Market Dynamics
Global Spirometer Market Drivers
Rising Incidence of respiratory diseases
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The escalating incidence of respiratory diseases represents a significant global health challenge, with several such diseases ranking among the top 30 causes of mortality. Notably, chronic obstructive pulmonary disease (COPD) stands as the third leading cause of death worldwide. The timely identification and diagnosis of respiratory ailments hold immense therapeutic value, significantly improving treatment outcomes. Within this context, spirometry emerges as a pivotal technology, aiding in the assessment of disease severity and mitigating the risk of misdiagnosis. Consequently, as the prevalence of respiratory diseases continues to surge, the spirometers market is poised for robust expansion. It's essential to acknowledge that advancing age diminishes the efficiency of vital bodily organs and physiological processes, accentuating the urgency for effective respiratory disease diagnosis and management.
Emerging economies
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Growing economies like India, Brazil, China, and South Africa present substantial prospects for participants in the spirometry devices market. It's worth noting that among the top 20 most polluted cities globally, a striking 14 are located in India. Unfortunately, the adoption of spirometers for monitoring lung health remains quite limited in these nations.
Increasing Technological Advancement in Diagnostic Tools to Surge Demand
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The demand for lung function tests is steadily increasing as they play a crucial role in assessing the fundamental functioning of the lungs. These tests, collectively known as Pulmonary Function Tests (PFTs), encompass parameters like lung volumes, capacities, flow rates, and gas exchange, providing valuable insights for diagnosing various lung disorders, particularly Chronic Obstructive Pulmonary Disease (COPD). Technological advancements are poised to significantly impact this market, with key industry players making substantial investments in research and development to create novel and advanced diagnostic and monitoring technologies, thereby facilitating the early detection of COPD.
Rising Prevalence of COPD to Propel Product Sales
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The increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) is driving sales of diagnostic devices in response to a significant global health challenge. COPD stands as the third leading cause of death on a global scale and imposes substantial burdens on both patients and healthcare services. As per data from the National Heart, Lung, and Blood Institute, COPD is the primary cause of mortality in the United States, impacting approximately 16 million Americans. The primary risk factor associated with COPD is tobacco smoking, although other environmental factors such as air pollution and exposure to biomass fuels can also contribute to severe health complications. The escalating prevalence of this disorder represents a critical and widespread issue, spurring the demand for diagnostic devices throughout the forecast period.
Global Spirometer Market Restraints
Lack of Awareness and Availability
- Despite the benefits of spirometry testing, there is a lack of awareness among patients and healthcare providers about its importance in the diagnosis and management of respiratory diseases. Additionally, the availability of spirometer devices may be limited in some regions, particularly in developing countries, which may limit the market's growth potential.
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Global Spirometer Market Competitive Landscape
The spirometer market is made up of respiratory device manufacturers as well as standalone spirometer producers. New technical advancements, such as the use of artificial intelligence, will generate growth prospects for new market entrants. For example, NuvoAir, a Swedish health care firm, created a digital platform that allows customers to perform at-home lung function tests. Companies are battling for market share, particularly in nations with advanced technology such as the United Kingdom, Germany, and the United States. Acquisitions and cooperation amongst market participants to strengthen their position have occurred. This is projected to increase market competition over the projection period.
Top Player’s Company Profiles in Global Spirometer Market
- Vitalograph Ltd.
- Vyaire Medical, Inc.
- ndd Medizintechnik AG
- Midmark Corporation
- Medical International Research (MIR)
- COSMED srl
- Fukuda Sangyo Co., Ltd.
- Thor Medical Systems
- Nihon Kohden Corporation
- Ganshorn Medizin Electronic GmbH
- SDI Diagnostics
- Jones Medical Instrument Company
- NDD EasyOne Diagnostics
- Morgan Scientific Inc.
- M&B Electronic Instruments Inc.
- Futuremed America Inc.
- CareFusion Corporation
Global Spirometer Market Recent Developments
- In September 2022, RxCap, Inc. collaborated with ZEPHYRx to connect the ZEPHYRx online spirometry platform to RxCap's remote surveillance platform. RxCap's corporate customers, who include providers and payers, may now track the lung health of their clients and patients who have severe respiratory diseases.
- In August 2022, AstraZeneca collaborated with Alveofit, a breathing medical platform, to provide IoT-enabled portable spirometers at clinics across the United States. This handheld spirometer is linked to the Web and the Internet of Things (IoT), allowing it to track patients online and perform tele-spirometry in conjunction with full care management systems.
Global Spirometer Key Market Trends
- Increasing adoption of portable and handheld spirometer devices: There is a growing trend toward the adoption of portable and handheld spirometer devices that are easy to use and provide accurate and reliable results. These devices are particularly useful in primary care settings and home healthcare settings, where they can be used to monitor patients with respiratory conditions and track changes in lung function over time.
- Growing focus on remote monitoring and telemedicine: The COVID-19 pandemic has accelerated the trend toward remote monitoring and telemedicine, and this trend is expected to continue in the spirometer market. Spirometer devices with wireless connectivity and cloud-based data storage are becoming increasingly popular, as they enable healthcare providers to monitor patients remotely and provide virtual care.
- Technological advancements in spirometer devices: Technological advancements, such as wireless connectivity, cloud-based data storage, and advanced analytics, are driving the development of new and innovative spirometer devices. These devices offer enhanced functionality and convenience, making them more accessible to healthcare providers and patients.
- Rising prevalence of respiratory diseases: The increasing incidence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis is driving the demand for spirometer devices. Spirometry testing is a standard diagnostic test used to measure lung function in patients with respiratory diseases, and its accuracy and reliability make it an essential tool for the diagnosis, treatment, and management of these conditions.
Global Spirometer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global spirometer market analysis, the market is anticipated to be driven by the increase in the incidence of chronic respiratory disorders, a growing desire for home healthcare, and advances in technology. The World Health Organization (WHO) estimates that 90% of the total world's population breathes contaminated air. Pollutants & irritants have a number of negative impacts on the lungs. For testing in a working context, spirometry gear aids in the identification of multiple respiratory illnesses such as severe chronic pulmonary disease, asthma, emphysema, and various other breathing problems. The global rise in COPD incidence is expected to drive up demand for lungs in the future years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.10 billion |
| Market size value in 2031 | USD 2.64 billion |
| Growth Rate | 10.20% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Spirometer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Spirometer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Spirometer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Spirometer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Spirometer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Spirometer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Spirometer Market Report Snapshots
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