Global Spirometer Market to Reach US$ 1,767.0 Million by 2028, Propelled by Rising Occurrence of Lung Cancer and Chronic Obstructive Pulmonary Diseases (COPD)

April 10, 2023 | Healthcare

According to the latest report by IMARC Group, titled "Spirometer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global spirometer market size reached US$ 1,039.2 Million in 2022. A spirometer refers to a specialized device that comprises a mouthpiece, a hose or tube, and an electronic unit that measures the flow of air and calculates the parameters. It is commercially available as portable spirometers and laboratory spirometers, which are desktop consoles or cabinet-sized machines operated by trained technicians. It is used for measuring the quantity of air entering and leaving the lungs. It can perform a wide variety of tests, such as flow volume, tidal spirometry, and maximum voluntary ventilation. It is also employed to carry out advanced pulmonary function tests, such as total lung capacity, functional residual capacity, and residual volume tests. It is often utilized in general practice settings and homes to establish baseline measurements for patients and to detect the presence of potential pulmonary diseases. It also helps in the diagnosis of asthma, chronic obstructive pulmonary disease (COPD), and other conditions that negatively impact breathing in individuals.

Global Spirometer Market Trends:

At present, the increasing occurrence of various lung diseases due to highly polluted air and irritants represents one of the primary factors influencing the market positively. Besides this, the rising construction of hospitals, nursing homes, and clinics to provide quality healthcare facilities to patients, along with advancements made in improving the treatment and diagnosis of various life-threatening conditions, is propelling the growth of the market. In addition, the growing prevalence of lung cancer and breathing issues in individuals due to rising smoking habits is offering a favorable market outlook. Apart from this, the increasing emissions of vehicular exhausts and smoke from various industries degrading the quality of air and causing global warming is contributing to the growth of the market. Additionally, the rising demand for home healthcare among the geriatric population around the world is supporting the growth of the market. Moreover, key market players are manufacturing spirometers with better designs and features to improve patient comfort without causing unnecessary complications. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1,767.0 Million by 2028, exhibiting a CAGR of 9.36% during 2023-2028.

Market Summary:

On the basis of the product, the market has been segmented into consumables and accessories, devices, and software.
Based on the mechanism, the market has been segregated into flow-sensing spirometers, peak flow meters, and others. At present, flow-sensing spirometers holds the largest share in the market.
Based on the application, the market has been classified into COPD, asthma, and others. Presently, COPD exhibits a clear dominance in the market.
On the basis of disposable components, the market has been segregated into filters, tubes, and sensors. Filters currently dominate the overall market.
Based on the end-user, the market has been segmented into hospitals, clinical laboratories, home care settings, and others. Presently, hospitals represents the biggest end user segment.
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others) and the Middle East and Africa. Amongst these, North America (the United States and Canada) enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Benson Medical Instruments, Chest M.I., Fukuda Sangyo, Hill-Rom Inc., Jones Medical Instrument Company, Medical International Research, Midmark Corporation, NDD Medizintechnik AG, Schiller AG, Vitalograph, Vyaire Medical Inc., and Welch Allyn Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Product, Mechanism, Application, Disposable Components, End-User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Benson Medical Instruments, Chest M.I., Fukuda Sangyo, Hill-Rom Inc., Jones Medical Instrument Company, Medical International Research, Midmark Corporation, NDD Medizintechnik AG, Schiller AG, Vitalograph, Vyaire Medical and Welch Allyn Inc.
Customization Scope	10% Free Customization
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Global Spirometer Market to Reach US$ 1,767.0 Million by 2028, Propelled by Rising Occurrence of Lung Cancer and Chronic Obstructive Pulmonary Diseases (COPD)

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