Market Overview:

The Spirometer size is estimated to reach $2.8 billion by 2030, growing at a CAGR of 5.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Spirometer – By Type (Hand-Held, Table-Top), By Technology (Volume Measurement, Flow Measurement), By Application (Asthma, COPD, Cystic Fibrosis, and Others), By End-User (Hospitals & Clinics, Home Healthcare, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”.

North America Dominated the Market in 2023:

North America accounted for the largest share of 38% of the Spirometer in 2023. The region boasts a well-established healthcare infrastructure coupled with high healthcare spending, facilitating widespread adoption of spirometry as a diagnostic tool for respiratory conditions. Additionally, the prevalence of respiratory diseases such as asthma, COPD, and lung cancer in North America is significant, driving the demand for spirometer devices for accurate diagnosis, monitoring, and management of these conditions. Technological advancements and the presence of key market players in North America contribute to the dominance of the region in the spirometer market.

Spirometer: Key Takeaways

Rising Prevalence of Respiratory Diseases:

The rising prevalence of respiratory diseases is a primary catalyst for the growth of the spirometer market. The escalating incidence of conditions such as asthma, chronic obstructive pulmonary disease (COPD), and chronic bronchitis has led to a surge in demand for spirometers as essential diagnostic tools. Early detection and ongoing monitoring of these respiratory ailments rely heavily on spirometry to assess lung function and track disease progression. Additionally, the growing awareness about lung health and the importance of early detection has encouraged individuals to undergo spirometry as a preventive measure, further fueling market growth.

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Innovation of the Miniaturization and Portability:

The innovation of the miniaturization and portability of spirometers are significantly impacting the Spirometer market, creating new growth opportunities. The miniaturization of spirometers has resulted in compact, user-friendly devices that can be easily accommodated in homes, clinics, and even carried by patients for on-the-go assessments. This portability has facilitated self-management of respiratory conditions, empowering patients to actively participate in their healthcare. Additionally, the convenience of handheld spirometers has encouraged greater adherence to treatment regimens by enabling regular monitoring of lung function. making lung function assessment more accessible, convenient, and effective for patients and healthcare professionals which in turn builds trust, and enhances the customer experience will be well-positioned to thrive the growth in the Spirometer market.

Scope of the Report: 

    Report Metric

                            Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.7%

Market Size in 2030

$2.8 Billion

Segments Covered

By Type, By Technology, By Application, By End User, and By Region


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, Malaysia, Indonesia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).




Key Market Players

  1. Vyaire Medical, Inc.

  2. Hill-Rom Holdings, Inc. (Baxter International Inc.)

  3. Medtronic

  4. Koninklijke Philips N.V.

  5. Schiller AG

  6. Fukuda Sangyo Co., Ltd.

  7. Midmark Corporation

  8. Vitalograph

  9. MGC Diagnostics Corporation (Niterra Co., Ltd.)

  10. ndd Medical Technologies


Recent Developments:
  • Integration of digital health platforms, miniaturization and portability, and advanced sensor technology for enhanced data management, remote monitoring, point-of-care testing, and improved accuracy.
  • Integration of spirometers with asthma and COPD management programs, development of spirometers for specific patient populations (pediatrics, geriatrics), and utilization of spirometry data for personalized treatment plans and disease prediction.
  • Increasing availability of spirometers in primary care settings and development of user-friendly devices for non-healthcare professionals to facilitate early diagnosis and intervention and expand accessibility.
Spirometer: Competitive Landscape

Key companies profiled in the Spirometer are listed below :
  1. Vyaire Medical, Inc.
  2. Hill-Rom Holdings, Inc. (Baxter International Inc.)
  3. Medtronic
  4. Koninklijke Philips N.V.
  5. Schiller AG
  6. Fukuda Sangyo Co., Ltd.
  7. Midmark Corporation
  8. Vitalograph
  9. MGC Diagnostics Corporation (Niterra Co., Ltd.)
  10. ndd Medical Technologies and others.

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