Spirometer Market Size Is Projected to Reach $1.78 Billion By 2028 | CAGR: 10.1%: Polaris Market Research

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Mar 24, 2021, 09:00 ET

NEW YORK, March 24, 2021 /PRNewswire/ -- The global spirometer market size is expected to reach USD 1.78 billion by 2028 according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR of 10.1% from 2021 – 2028. Increasing incidents of chronic obtrusive pulmonary diseases (COPD), rapid technological advancements, and increasing air pollution worldwide are some of the key factors driving the market growth. The rise in cases of respiratory diseases and an increasing number of tobacco smokers are among the major factors positively influencing the market. In addition to this, supportive government policies, the presence of key market players, and increasing healthcare expenditure further propelling the market growth.

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Key Trends Observed in Spirometer Market

Based on type, the tabletop spirometer segment generated the largest revenue share on account of an increasing number of installations conducted in primary settings, especially in clinics and hospitals. Additionally, this type of spirometers delivers accurate and precise results.
By application, COPD emerged as the major dominating segment and is expected to continue this dominance over the forecast period. The segmental growth is attributed to the rise in the number of people suffering from mild to severe COPD worldwide.
Based on end-use, the hospitals and clinics segment accounted for the major share in the spirometer market. The growth of this segment is driven by extensive use of spirometer in clinics and hospital segment settings for performing diagnosis of chronic respiratory disorders.
The recent outbreak of COVID-19 has boosted the growth of the spirometer market. There is a huge surge rise in demand for spirometers, specifically after filters are provided by the key market players.

Regional Developments:

The North American region has dominated the global spirometer market, especially in terms of revenue, and is projected to maintain the same positive over the forecast period. Growing prevalence of respiratory diseases and being the early adopter of the technology, the regional market is witnessing a tremendous growth rate. Additionally, an increase in incidences of asthma and COPD coupled with the growing use of spirometer in the region supporting the market growth. The Asia Pacific is expected to emerge as the second-largest market owing to the growing geriatric population and increasing number of people diagnosed with respiratory diseases.

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Competitive Outlook:

The spirometer market has become highly competitive due to the presence of both established players and new market entrants. Players are working on product innovations and investing heavily in R&D activities. Some of the promising players present in the global spirometer market include Geratherm Respiratory AG, Nihon Kohden Corporation, Fukuda Sangyo Co. Ltd., Sibelmed, Schiller, Koninklijke Philips N.V., Vyaire Medical, Inc., Vitalograph, Smiths Medical, SDI Diagnostics, and Labtech Ltd.

Target Audience

Supply Side: Medical Equipment Manufacturers and Suppliers
Demand Side: Clinics, Hospitals, and Homecare
Regulatory Side: World Health Organization

Polaris Market research has segmented the spirometer market report on the basis of type, technology, application, end-use, and region:

Spirometer, Type Outlook (Revenue – USD Million, 2016 – 2028)

Handheld
Tabletop
Desktop

Spirometer, Technology Outlook (Revenue – USD Million, 2016 – 2028)

Volume Measurement
Flow Measurement
Peak Flow Measurement

Spirometer, Application Outlook (Revenue – USD Million, 2016 – 2028)

Asthma
COPD
Cystic Fibrosis
Pulmonary Fibrosis
Others

Spirometer, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

Hospitals and Clinics
Home Healthcare

Spirometer, Regional Outlook (Revenue – USD Million, 2016 – 2028)

North America

U.S.
Canada

Europe

France
Germany
UK
Italy
Spain
Netherlands
Austria

Asia Pacific

China
India
Japan
Malaysia
South Korea
Indonesia

Central & South America

Mexico
Brazil
Argentina

Middle East & Africa

UAE
Saudi Arabia
Israel
South Africa

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List of Spirometer Industry

Smiths Medical
Vyaire Medical, Inc.
SDI Diagnostics
Nihon Kohden Corporation
nSpire Health Inc.
Fukuda Sangyo Co. Ltd.
Geratherm Respiratory AG
Labtech Ltd.
Vitalograph
Koninklijke Philips

*Note: Additional companies can be included on request

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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