Global Spirometer Market

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 News

  • 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.
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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 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. 'Hill-Rom Holdings, Inc.', 'Schiller AG', 'MGC Diagnostics Corporation', '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'

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.

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.

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.

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