The ‘Global Spirometer Market Trends, Share, Price, Size, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global spirometer market, assessing the market on the basis of its segments like types, technologies, applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Spirometer Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Over USD 886.89 Million
• Forecast CAGR (2023-2028): 10.70%
The spirometer market growth can be attributed to various technological developments, such as hand-held or portable spirometers, which are increasingly adopted due to their enhanced convenience and user-friendliness.
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The rising frequency of lung-related diseases, such as asthma and chronic obstructive pulmonary disease (COPD), is likely to enhance the spirometer market’s value. Increasing investments by market players in the research and development of advanced diagnostics, novel medicines, and monitoring devices are fuelling the use of spirometers for early detection, easy diagnosis, and monitoring of COPD.
The growing deployment of electronic health records (EHRs) and electronic medical records (EMRs), which can be combined to simplify patient data management and boost diagnostic precision, is anticipated to bolster the adoption of digital spirometers in healthcare facilities.
Spirometer Industry Definition and Major Segments
Spirometry is a common type of device that is used to examine lung health. This test is conducted to measure how much air a person can inhale and exhale as well as how quickly the air leaves the lungs. With this device, the ventilation, or the flow of air into and out of the lungs, is measured.
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The global spirometer market, based on type, can be bifurcated into:
By technology, the market can be categorised into:
• Volume Measurement
• Flow Measurement
• Peak Flow Measurement
Based on application, the market can be segmented into:
• Cystic Fibrosis
• Pulmonary Fibrosis
The various end uses of spirometer include:
• Hospitals and Clinics
• Home Healthcare
• Diagnostic Centres
The major regional markets of spirometers include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Spirometer Market Trends
Leading players are investing to develop cutting-edge spirometers due to the increased demand for accurate assessment of lung function. Research institutions and start-ups are actively collaborating with public and commercial organisations to develop innovative devices for the management and diagnosis of respiratory disorders, including COPD and asthma, which is likely to favour the spirometer market development.
Technological developments like nano-sensor technology that can be used to continuously monitor patients’ respiration are anticipated to augment the spirometer market growth in the forecast period.
Handheld spirometers, due to their lightweight nature, are increasingly adopted by clinics and medical practitioners. In addition, technological advancements enabling easy diagnosis and reading of data in home healthcare are expected to surge the demand for spirometers in the forecast period.
Key Market Players
The major players in the global spirometer market report are:
• SCHILLER AG
• Henry Schein, Inc.
• ICU Medical, Inc.
• Koninklijke Philips N.V.
• MGC DIAGNOSTICS CORPORATION
• SIBEL, S.A.U.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.