According to the Market Statsville Group (MSG), the Global Spirometer Market size is expected to grow from USD 940.8 million in 2021 to USD 2,182.3 million by 2030 at a CAGR of 9.8% from 2022 to 2030. Spirometry equipment is used to diagnose and test for respiratory diseases such as obstructive chronic lung disease, emphysema, asthma, and other breathing disorders in the workplace. In the coming years, the global growth in COPD cases is expected to increase the demand for spirometers. Companies are making spirometers with improved design and features to simplify the difficult procedure of pulmonary function testing for patients and medical professionals. The major goal is to build spirometers with a larger yield and provide better patient comfort without causing complications. In addition, companies are implementing novel packing processes to prevent bacterial infections. Such technological advancements make patient testing procedures easier and more simple.
The market is driven by a growth in the incidence of chronic respiratory disorders, a growing preference for home healthcare, and technological advancements. As per the World Health Organization (WHO), polluted air is inhaled by 90% of the world's population. Pollutants and irritants have various negative effects on the lungs; growing lung diseases have driven the market’s growth.
During the initial months of the pandemic, pulmonary function tests and planned pulmonary visits were suspended/postponed except in emergencies, according to the recommendations of the New Zealand and Irish Thoracic Societies, the Thoracic Society of Australia, and the American Thoracic Society. In patients with COPD, pneumonia, acute chest syndrome, and other respiratory disorders, incentive spirometry is commonly used. As per the American Journal of Emergency Medicine study in January 2021, researchers and professionals from the University of Illinois at Chicago proposed using incentive spirometry to cure COVID-19 patients with mild to moderate respiratory symptoms.
For some period, the number of patients requiring respiratory support will continue to increase, which augments the demand for spirometers. Increased preference for home healthcare after the pandemic is expected to open new opportunities in the coming future. As a result, various companies are developing spirometers for home use.
The study categorizes the spirometer marketbased on type, technology, end-use, and application at regional and global levels.
Based on end-use, the spirometer market is divided into hospitals and clinics, home healthcare. Spirometry is extensively performed in hospitals and clinics to diagnose and monitor chronic respiratory disorders; hence, hospitals and clinics dominate the spirometer market. Factors driving the segment's growth include a growing aging population, increased reimbursements for hospital clinical tests, and the introduction of advanced devices.
Based on the regions, the Spirometer Market has been analyzed across five major regions: North America, Asia Pacific, the Middle East & Africa, Europe, and Latin or South America. During the forecast period, Asia Pacific is expected to grow at the highest rates. Improving primary care activities for the early identification and management of chronic lung disorders such as COPD and asthma will foster the Asia Pacific market during the forecast period. Moreover, the region is witnessing high investments from market players in order to expand their business in developing countries like India and China.
The spirometer market is mildly concentrated in nature with few numbers of global players operating in the market, such as:
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