The global spirometer market accounted for $1,079.51 million in 2019, and is expected to reach $1,471.59 million by 2027, registering a CAGR of 3.5% from 2020 to 2027. The spirometer device helps in the identification of different respiratory diseases, such as chronic lung disease that is obstructive, emphysema, asthma, and other breathing diseases, for screening in an occupational environment. Therefore, the rising cases of COPD across the globe are thus ultimately increasing the demand for spirometers. In addition, chronic obstructive pulmonary disease (COPD) is one of the leading causes of morbidity and mortality, globally, and there are several studies, which have shown that there is a little awareness of COPD in the general population. However, many individuals with respiratory symptoms are not aware that they need to be diagnosed, which is limiting the use of spirometers, for detecting respiratory devices, which restrict the growth of the market.
Increase in prevalence of respiratory diseases owing to lifestyle habits such as smoking and alcohol consumption along with surge in geriatric population are some of the major factors driving the growth of the market. For instance, in 2017, according to the WHO, respiratory diseases were considered to be the leading causes of death and disability in the world. Nearly 65 million people suffer from chronic obstructive pulmonary disease (COPD), and 3 million are expected to die from it each year, making it the third leading cause of death across the globe.
Moreover, approximately 334 million people suffer from asthma, the most common chronic disease of childhood, affecting 14% of all children globally. In addition, factors such as ever-increasing air pollution, climatic changes and exposure to dust and fumes are adding up to respiratory illnesses among the populace, which in turn, is driving the adoption of spirometers for diagnosis purpose worldwide. Furthermore, companies are developing technologically advanced spirometers that are portable, small in size along with quicker response and higher accuracy. This is expected to augment the market growth during the forecast period. Moreover, the market is witnessing an emerging trend for intelligent spirometers such as hand-held and table-top, which are helping in providing real-time monitoring. However, lack of awareness regarding respiratory diseases, reimbursement issues and time required for spirometry tests are some of the factors hindering the growth of the market.
The spirometer market is segmented on the basis of type, technology, application, end user, and region. Based on type, the market is segmented into hand-held and tabletop. Based on technology, the market is segmented into volume measurement, and flow measurement. Based on application, the market is segmented into COPD, asthma and others. Based on end user, the market is segmented into hospitals & clinics, home healthcare, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. These regions are further analyzed on the basis of their respective countries.
North America
Europe
Asia-Pacific
LAMEA
Increase in prevalence of respiratory diseases owing to lifestyle habits such as smoking and alcohol consumption along with surge in geriatric population are some of the major factors driving the growth of the market. For instance, in 2017, according to the WHO, respiratory diseases were considered to be the leading causes of death and disability in the world. Nearly 65 million people suffer from chronic obstructive pulmonary disease (COPD), and 3 million are expected to die from it each year, making it the third leading cause of death across the globe.
Moreover, approximately 334 million people suffer from asthma, the most common chronic disease of childhood, affecting 14% of all children globally. In addition, factors such as ever-increasing air pollution, climatic changes and exposure to dust and fumes are adding up to respiratory illnesses among the populace, which in turn, is driving the adoption of spirometers for diagnosis purpose worldwide. Furthermore, companies are developing technologically advanced spirometers that are portable, small in size along with quicker response and higher accuracy. This is expected to augment the market growth during the forecast period. Moreover, the market is witnessing an emerging trend for intelligent spirometers such as hand-held and table-top, which are helping in providing real-time monitoring. However, lack of awareness regarding respiratory diseases, reimbursement issues and time required for spirometry tests are some of the factors hindering the growth of the market.
The spirometer market is segmented on the basis of type, technology, application, end user, and region. Based on type, the market is segmented into hand-held and tabletop. Based on technology, the market is segmented into volume measurement, and flow measurement. Based on application, the market is segmented into COPD, asthma and others. Based on end user, the market is segmented into hospitals & clinics, home healthcare, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. These regions are further analyzed on the basis of their respective countries.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the global spirometer market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.
- Comprehensive quantitative analysis of the industry from 2019 to 2027 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the key segments of the industry helps in understanding the forms and types of spirometer used across the globe.
- Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Type
- Hand-Held
- Table-Top
By Technology
- Volume Measurement
- Flow Measurement
By Application
- Asthma
- COPD
- Others
By End-User
- Hospitals and Clinics
- Home Healthcare
- Others
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
List of Key Players profiled in the report
- SCHILLER
- Hill-Rom, Inc.
- Midmark Corp.
- Vitalograph
- COSMED srl
- MGC Diagnostics Corporation
- Smiths Medical
- Vyaire Medical
- Teleflex
- NSPIRE HEALTH INC.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SPIROMETER MARKET, BY TYPE
CHAPTER 5: SPIROMETER MARKET, BY TECHNOLOGY
CHAPTER 6: SPIROMETER MARKET, BY APPLICATION
CHAPTER 7: SPIROMETER MARKET, BY END USER
CHAPTER 8: SPIROMETER MARKET, BY REGION
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 215 |
| Published | March 2021 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 1079.51 million |
| Forecasted Market Value ( USD | $ 1471.59 million |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
