The global spirometer market size is set to reach USD 616 million in 2023. Overall sales of spirometer are likely to surge at 5.4% CAGR, taking the forecasted market valuation to USD 1042.3 million by the end of 2033.
Home-based spirometers have gained popularity in recent years due to the COVID-19 pandemic. With people being more cautious about going to healthcare facilities, home-based spirometers allow patients to monitor their lung health from the comfort of their own homes. This has led to an increased demand for home-based spirometers that are user-friendly, affordable, and accurate.
There is a growing emphasis on patient engagement in healthcare, and spirometers are no exception. Many spirometer manufacturers are developing user-friendly and handheld spirometers with interactive features that engage patients and motivate them to monitor their lung health regularly. For instance, some spirometers come with smartphone apps that allow patients to track their lung function over time and receive reminders to perform
Technological advancements have led to the development of fully electronic spirometers that are easy to use and transport. These spirometers are ideal for people who need to monitor their lung health on the go or outside of clinical settings. Additionally, spirometers that are integrated with electronic medical records (EMR) systems have made it easier for healthcare providers to track patient data and make more informed treatment decisions.
There has been a growing awareness of the importance of preventive healthcare, including the importance of monitoring lung health. As a result, spirometers are being used as a tool for preventive care. For instance, spirometry testing can be used to detect lung function abnormalities before the onset of symptoms, allowing for earlier diagnosis and treatment of respiratory diseases.
| Attributes | Details |
|---|---|
| Spirometer Market CAGR (2023 to 2033) | 5.4% |
| Spirometer Market Size (2023) | USD 616 million |
| Spirometer Market Size (2033) | USD 1042.3 million |
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According to recent research by Future Market Insights, the spirometer market is projected to expand at a rate of 5.4% during the forecast period from 2023 to 2033. This is a significant growth from the historical growth rate of 2.4%. The market was valued at USD 532.1 million in 2018, and it is expected to reach USD 616 million by the end of 2023, and USD 1042.3 million by 2033. The market outlook could be divided into short-term, medium-term, and long-term.
Short term (2023 to 2025): The demand for home healthcare devices has been on the rise, and spirometers are no exception. Patients and healthcare providers alike are recognizing the benefits of home-based spirometry testing, which can help reduce healthcare costs and improve patient outcomes. As a result, the market for handheld spirometers is expected to grow in the coming years.
Medium-term (2025 to 2028): With the aging population, the demand for spirometers is expected to increase. Older adults are more susceptible to respiratory diseases, and spirometers can help diagnose and monitor these conditions. Additionally, spirometers can be used to detect an age-related decline in lung function, which can help healthcare providers develop treatment plans that can help slow the progression of respiratory diseases.
Long-term (2028 to 2033): Respiratory diseases such as asthma, COPD, and cystic fibrosis are becoming more prevalent globally. This has led to an increased demand for spirometers that can help diagnose and monitor these conditions. Spirometers can be used to measure lung function, which is essential in the diagnosis and treatment of respiratory diseases.
Increase in the prevalence of chronic respiratory diseases: Chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer are on the rise globally. This is driving the demand for spirometers, as they are widely used in the diagnosis and management of these conditions.
Growing preference for home healthcare: Patients are increasingly opting for home healthcare services due to the convenience and cost-effectiveness it offers. The development of tele-spirometers has enabled remote monitoring of patients’ respiratory health, which is expected to drive the demand for spirometers in the home healthcare setting.
Technological advancements: Spirometer manufacturers are continuously investing in R&D to develop technologically advanced devices that offer accurate results and are easy to use. The development of portable and wireless spirometers, as well as those that connect to smart devices, has made it easier for clinicians and hospitals to obtain patient data.
Rising geriatric population: The elderly population is predisposed to a range of chronic respiratory disorders, which can be identified through spirometry. The global increase in the geriatric population is therefore expected to drive the demand for spirometers.
Increasing consumer awareness: The growing awareness among consumers about sophisticated diagnostic techniques and their benefits is expected to drive the demand for spirometry.
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High cost of spirometers: Spirometers can be expensive, especially those that are technologically advanced. This can limit the adoption of these devices in certain regions or by certain demographic groups.
Stringent regulatory requirements: Spirometer manufacturers need to comply with stringent regulatory requirements set by regulatory bodies such as the FDA, which can be time-consuming and expensive.
Lack of awareness and infrastructure: There is a lack of awareness among patients and healthcare professionals about the benefits of spirometry, particularly in developing countries. In addition, the lack of healthcare infrastructure in certain regions can limit the adoption of spirometry.
Interoperability issues: The lack of interoperability between different brands of spirometers can limit the adoption of these devices, particularly in hospitals where multiple brands may be in use.
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The United States spirometer market is expected to hold a 20% share of the market in 2023.
There has been a significant shift towards home healthcare in the United States in recent years, which has resulted in increased demand for portable and user-friendly spirometry devices. These devices allow patients to monitor their respiratory conditions at home and reduce the need for frequent visits to medical facilities, driving the growth of the spirometer market.
The United States government has increased funding for respiratory disease research, which has led to the development of new and improved spirometry devices and software. This funding has also led to increased awareness of respiratory diseases and the importance of early detection and management, driving the growth of the spirometer market.
The USA spirometer market is a highly competitive space with several prominent players. Here are some of the top companies in the USA spirometer market:
The Indian spirometer market is expected to grow at a rate of 6.7% throughout the forecast period.
In India, the prevalence of respiratory diseases such as asthma and COPD is high, and the burden of these diseases is expected to increase in the coming years due to factors such as air pollution, smoking, and occupational hazards. This is likely to drive the demand for spirometers in the country. Additionally, the geriatric population in India is increasing, and this population is more susceptible to respiratory diseases, further driving the demand for spirometers.
Advancements in technology are also expected to drive the growth of the Indian spirometer market. For instance, manufacturers are developing spirometers with features such as wireless connectivity, cloud-based data management, and real-time monitoring, which can improve the accuracy and convenience of spirometry testing.
The Japnese spirometer market is expected to hold a share of 5.2% during the forecast period.
Japan is known for its aging population, and with the aging population comes an increased incidence of respiratory illnesses such as COPD, asthma, and lung cancer. These illnesses are commonly associated with a decrease in lung function, and therefore the demand for spirometer devices in Japan is expected to increase in the coming years.
The Chinese Spirometer Market is likely to rise at a rate of 5.3% during the forecast period.
One of the main drivers of the Chinese spirometer market is the country's aging population. Another driver of the market is the increasing incidence of environmental pollution, which has been linked to an increase in respiratory diseases. This has prompted the Chinese government to focus on reducing pollution levels, which is expected to drive demand for spirometry testing and associated equipment.
Top companies in the Chinese market include:
In 2022, COPD had the largest share of the market, at 40.0%. This is because there are a lot of people with mild to severe COPD around the world and spirometry makes it easy to tell if someone has COPD. It was thought that about 7.6% of people in Europe had COPD. Spirometry is a very important part of figuring out if someone has COPD and keeping an eye on them.
But the use of mobile apps like ResAppDx, which can diagnose COPD and COPD symptoms caused by infections, can be an alternative and slow the growth of the segment.
On the other hand, the asthma segment is expected to grow at the fastest rate from 2023 to 2030, with a compound annual growth rate (CAGR) of 10.8%. Every year, asthma costs the NHS about USD 1 billion. About 14% of children around the world have asthma and treating asthma in the United States costs more than USD 18 billion each year.
The spirometer market is highly competitive, and the market players have adopted various strategies to gain a larger market share. Here are a few examples:
Beijing Contec Medical Systems Co., Ltd. has adopted a strategy of innovation and product differentiation to gain a competitive advantage in the market. The company invests heavily in research and development to develop new and advanced spirometry devices that offer superior accuracy, reliability, and ease of use. For example, in 2019, Contec launched the CM-6000D spirometer, which is a portable device that offers real-time monitoring and analysis of lung function, making it ideal for use in remote and mobile healthcare settings.
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. has adopted a strategy of low-cost leadership to gain a competitive advantage in the market. The company focuses on reducing its production and operating costs to offer its spirometry devices at lower prices than its competitors. For example, Yuyue offers the FVC-2000 spirometer, which is a low-cost, handheld spirometer that is widely used in clinics and hospitals throughout China.
Fukuda Denshi Co., Ltd. has adopted a strategy of international expansion to gain a competitive advantage in the market. The company has established a strong presence in the Chinese market by partnering with local distributors and offering its spirometry devices at competitive prices. Fukuda Denshi also exports its products to other markets, such as Europe, the Americas, and Asia, to diversify its revenue streams and reduce its dependence on any single market.
Schiller AG has adopted a strategy of product innovation and brand building to gain a competitive advantage in the market. The company invests heavily in research and development to develop new and advanced spirometry devices that offer superior accuracy, reliability, and ease of use. Schiller AG also focuses on building its brand and reputation through effective marketing and promotion, such as sponsoring medical conferences and events, to increase its visibility and credibility in the market.
The worldwide spirometer market is expected to be valued at USD 616 million by the end of 2023.
Beijing Contec Medical Systems Co., Ltd., and Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. , are the key industry players.
The spirometer industry is set to surge at a CAGR of 5.4% from 2023 to 2033.
1. Executive Summary | Spirometer Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Hand-Held 5.2. Table-Top 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Volume Measurement 6.2. Flow Measurement 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Asthma 7.2. COPD 7.3. Cystic Fibrosis 7.4. Pulmonary Fibrosis 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 8.1. Hospitals 8.2. Home Healthcare 8.3. Clinical Laboratory 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. nSpire Health Inc. 19.2. Vitalograph Ltd. 19.3. Ndd Medical Technologies Inc. 19.4. Medicare Systems Pvt Ltd. 19.5. Welch Allyn Inc. 19.6. Chest M.I. Inc. 19.7. Minato Medical Science Co Ltd. 19.8. Smiths Medical 19.9. Vyaire Medical 19.10. MGC Diagnostics Corporation 20. Assumptions & Acronyms Used 21. Research Methodology
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Spirometer Market
