A spirometer refers to equipment that is used to assess lung health by measuring the amount of air that can be inhaled and exhaled by a person and the duration taken while exhaling the air. These are used to diagnose asthma, chronic obstructive pulmonary disease (COPD), and other conditions that affect breathing.
The main types of spirometer include hand-held, tabletop, and desktop. The hand held spirometers are used for longitudinal epidemiological studies to measure and track the forced expiratory volume. The handheld segment of the spirometer market refers to a method of testing the lungs at home without the need for a doctor's visit. The main technologies used in a spirometer include volume measurement, flow measurement, and peak flow measurement. Products include the device, consumables, accessories, and software. The device is used in asthma, COPD, cystic fibrosis, pulmonary fibrosis, and other applications that are used across hospitals, clinics, and home healthcare.
The spirometer market research report is one of a series of new reports from The Business Research Company that provides spirometer market statistics, including spirometer industry global market size, regional shares, competitors with a spirometer market share, detailed spirometer market segments, market trends and opportunities, and any further data you may need to thrive in the spirometer industry. This spirometer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The global spirometer market size is expected to grow from $1.08 billion in 2022 to $1.16 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The spirometer market is expected to grow to $1.49 billion in 2027 at a CAGR of 6.5%.
The increase in the prevalence of chronic respiratory diseases is expected to drive the demand for spirometer market going forward. Chronic respiratory diseases are chronic condition of the airways and other parts of the lung such as asthma, chronic obstructive pulmonary disease (COPD), lung cancer, cystic fibrosis, sleep apnea, and occupational lung diseases. Portable spirometers have been approved for diagnosing chronic obstructive pulmonary disease (COPD). For instance, in July 2022, according to the Australian Institute of Health and Welfare, the Australian-Government agency reported that one-third (30%) of Australians reported having chronic respiratory conditions. Of the estimated 7.5 million Australians with these conditions, 5.1 million (20% of the total population) had allergic rhinitis ('hay fever'), 2.7 million (11% had asthma), and 2.0 million (8.0%) had chronic sinusitis (ABS 2022). Therefore, the increase in prevalence of chronic respiratory diseases is gaining demand for spirometer market.
Technological advancement is a key trend gaining popularity in the spirometer market. Major market players are concentrating their efforts on creating spirometers with innovative technologies like portable wireless spirometers to gain a competitive edge in the market. For instance, on November 2021, Cipla Ltd., an India-based pharmaceutical company, announced the launch of Spirofy, a pneumatic-based portable and wireless spirometer, on World COPD Day. Cipla's Spirofy ensures high result accuracy and individual patient safety using bacterial viral filters (BVF). Spirofy is entirely wireless with good battery backup, making it suitable for use in outdoor camps, remote areas with power shortages, or simply providing physicians with flexibility and ease of use.
In February 2020, COSMED, an Italy-based manufacturer of metabolic and body composition technologies, acquired Innovision ApS for an undisclosed amount. The acquisition will help COSMED expand its product portfolio in Pulmonary Function Testing. Innovision ApS is a Danish-based company that designs products for cardiac output, lung clearance index, and metabolic measurements.
Major players in the spirometer market are Fukuda Sangyo Co. Ltd., Geratherm Respiratory GmbH, Jones Medical Instrument Company, Koninklijke Philips N.V., Ndd Medical Technologies Inc., nSpire Health Inc., Schiller AG, Sdi Diagnostics Inc., Sibelmed Sau, Smiths Medical Inc., Vitalograph Ltd., Vyaire Medical Inc., Welch Allyn Inc., Baxter International Inc., Benson Medical Instruments Co., Chest M.I. Inc., COSMED srl, Depisteo LLC, Henry Schein Inc., ICU Medical Inc., MGC Diagnostics Corporation, Midmark Corporation, Minato Medical Science Co Ltd., Nuvoair AB, OHD (SCHAUENBURG International, Philips Healthcare, Recorders & Medicare Systems Pvt Ltd., and Teleflex Incorporated.
North America was the largest region in the spirometer market in 2022. The regions covered in the spirometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the spirometer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The spirometer market consists of sales of whole-body plethysmographs, pneumotachometers, fully electronic spirometers, peak flow meters, incentive spirometers, and windmill-type spirometers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resale along the supply chain, either further along the supply chain or as part of other products.
The global spirometer market is segmented -
1) By Type: Handheld, Table Top, Desktop
2) By Technology: Volume Measurement, Flow Measurement, and Peak Flow Measurement
3) By Product: Devices, Consumables, and Accessories, Software
4) By Application: Asthma, COPD, Cystic Fibrosis, Pulmonary Fibrosis, Other Applications
5) By End-Use: Hospitals and Clinics, Home Healthcare