Spirometer Market to be Worth $1.80 Billion by 2031

Spirometer Market Size, Share, Forecast, & Trends Analysis by Product (Spirometer [Incentive, Professional, Wireless, Handheld, Stationary, USB]) Technology (Volume, Peak Flow) Application (COPD, Asthma, Cystic fibrosis) End User — Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Spirometer Market Size, Share, Forecast, & Trends Analysis by Product (Spirometer [Incentive, Professional, Wireless, Handheld, Stationary, USB]) Technology (Volume, Peak Flow) Application (COPD, Asthma, Cystic fibrosis) End User — Global Forecast to 2031 .’

According to this latest publication from Meticulous Research^®, the spirometer market is projected to reach $1.80 billion by 2031, at a CAGR of 9.2% during the forecast period. The growth of this market is driven by the rising incidence of respiratory diseases, technological advancements in spirometers, increasing awareness programs regarding respiratory diseases, and the growing preference for home healthcare. However, the high cost of spirometers and a shortage of skilled professionals may restrain the market’s growth.

Additionally, partnerships & collaborations between market players aimed at advancing spirometers and the rising demand from emerging economies are expected to create market growth opportunities. However, the availability of alternative technologies is a significant challenge impeding the market’s growth.

Moreover, the emergence of wearable spirometer devices and the integration of telehealth and remote monitoring with spirometry are prominent trends in the spirometer market.

Key Players

The key players operating in the spirometer market are Hill-Rom Holdings, Inc. (U.S.) (a subsidiary of Baxter International Inc. (U.S.), Schiller Americas Inc. (U.S.), Vyaire Medical, Inc. (U.S.), Koninklijke Philips N.V.(Netherlands), KoKo, LLC (U.S.), Midmark Corporation (U.S.), Geratherm Medical AG (Germany), CHEST M.I., Inc. (Japan), Fukuda Sangyo Co., Ltd. (Japan), ndd Medical Technologies (U.S.), MGC Diagnostics Corporation (U.S.), COSMED srl (Italy), and SIBEL, SAU (Spain).

Spirometer Market: Future Outlook

The spirometer market is segmented based on Product (Devices [Type {Incentive Spirometers, Professional Spirometers, Digital Peak Flow Meters, Smart Digital Spirometers, Other Spirometers}, Portability {Table-top/Stationary Spirometers, Handheld Spirometers}, Connectivity {Wireless Spirometers, USB Spirometers}], Consumables & Accessories, Software), Technology (Volume Measurement, Peak Flow Measurement), Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Cystic fibrosis, Pulmonary fibrosis, Other Applications), End User (Hospitals & Clinics, Home Care Settings, Ambulatory Care Centers), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, the spirometer market is segmented into devices, consumables & accessories, and software. In 2024, the devices segment is expected to account for the largest share of 65.2% of the spirometer market. This segment’s large market share can be attributed to the increasing approvals of spirometer devices and technological advancements in these devices, which facilitate features like seamless record updating, real-time monitoring capabilities, and USB & Bluetooth connectivity.

Based on technology, the spirometer market is segmented into volume measurement and peak flow measurement. In 2024, the peak flow measurement segment is expected to account for the larger share of the spirometer market. This segment’s large market share can be attributed to the growing adoption of peak flow measurement spirometers for asthma management and the benefits offered by these spirometers, such as ease of use, portability, and cost-effectiveness. Additionally, these devices are simpler to operate and require minimal setup compared to volume measurement spirometers.

Based on application, the spirometer market is segmented into Chronic Obstructive Pulmonary Disease (COPD), asthma, cystic fibrosis, pulmonary fibrosis, and other applications. In 2024, the Chronic Obstructive Pulmonary Disease (COPD) segment is expected to account for the largest share of the spirometer market. This segment’s large market share can be attributed to the increasing prevalence of respiratory diseases and the implementation of awareness programs aimed at promoting respiratory health. For instance, in September 2023, Alkem Laboratories Ltd (India) launched a campaign to raise awareness about early diagnosis and treatment of respiratory diseases.

Based on end user, the spirometer market is segmented into hospitals & clinics, home care settings, and ambulatory care centers. In 2024, the hospitals & clinics segment is expected to account for the largest share of 53.7% of the spirometer market. This segment’s large market share can be attributed to the rising prevalence of respiratory diseases such as COPD and asthma, leading to a significant number of patient visits for respiratory disease diagnosis in hospitals & clinics.

Geogra[hic Review

This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 41.6% of the spirometer market, followed by Europe and Asia-Pacific. North America’s significant market share can be attributed to the increasing incidence of respiratory diseases, the presence of prominent spirometer companies in the region, and the implementation of awareness programs focused on respiratory health.

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Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product, technology, application, end user, and region/country?
What was the historical market size for spirometers across the globe?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the spirometer market?
Who are the major players operating in the spirometer market?
What is the competitive landscape like?
What are the recent developments in the spirometer market?
What are the various strategies adopted by major players in the spirometer market?
What are the geographical trends and high-growth regions/countries?

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