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Global Spirometer Market – Industry Trends and Forecast to 2031

Healthcare

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Global Spirometer Market – Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Spirometer Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 789.04 USD Million
Diagram Market Size (Forecast Year) USD 1,805.31 USD Million
Diagram CAGR %

Major Markets Players

  • F. Hoffmann-La Roche
  • Ltd. (Switzerland)
  • Mylan N.V. (U.S.)
  • Sanofi (France)
  • Pfizer Inc. (U.S.)

Global Spirometer Market, By  Product Type (Software, Devices, and Consumables and Accessories), Technology (Volume Measurement Spirometer, Flow Measurement Spirometer, and Peak Flow Meter), Mechanism (Flow-Sensing Spirometer and Peak Flow Meters), Disease (Bronchitis, Emphysema, Chronic Obstructive Lung Disease, Lung Cancer, and Others), Disposable Components (Filters, Sensors, and Tubes), Application (Asthma, COPD, Cystic Fibrosis, Pulmonary Fibrosis, and Others), End-User (Hospitals, Clinics, and Homecare), Distribution Channel (Over the Counter and Direct Tender) – Industry Trends and Forecast to 2031.

Spirometer Market

Spirometer Market Analysis and Size

The spirometer market continues to advance with innovations in portable devices, integrating wireless connectivity for remote monitoring. The latest methods include AI-powered analytics for precise lung function assessment. Technologies such as ultrasonic flow sensors improve accuracy and user experience. Growth is driven by increasing respiratory disease prevalence and demand for home healthcare solutions, shaping a robust market outlook.                                

The global spirometer market size was valued at USD 789.04 million in 2023 and is projected to reach USD 1,805.31 million by 2031, with a CAGR of 10.9% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Software, Devices, and Consumables and Accessories), Technology (Volume Measurement Spirometer, Flow Measurement Spirometer, and Peak Flow Meter), Mechanism (Flow-Sensing Spirometer and Peak Flow Meters), Disease (Bronchitis, Emphysema, Chronic Obstructive Lung Disease, Lung Cancer, and Others), Disposable Components (Filters, Sensors, and Tubes), Application (Asthma, COPD, Cystic Fibrosis, Pulmonary Fibrosis, and Others), End-User (Hospitals, Clinics, and Homecare), Distribution Channel (Over the Counter and Direct Tender)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

F. Hoffmann-La Roche, Ltd.  (Switzerland), Mylan N.V. (U.S.), Sanofi (France), Pfizer Inc. (U.S.), GSK plc. (U.K.), Novartis AG (Switzerland), Bayer AG (Germany), Merck & Co., Inc. (U.S.), AstraZeneca (U.K.), Cipla (U.S.) , Merck KGaA (Germany), LEO Pharma A/S (Denmark), Sun Pharmaceutical Industries Ltd. (India), Aurobindo Pharma (India), Lupin (India), Fresenius Kabi AG (Germany), and Amneal Pharmaceuticals LLC. (U.S.)

Market Opportunities

  • Rising Demand of Telemedicine and Remote Monitoring
  • Rising Patient-Centric Care Initiatives

Market Definition

A spirometer is a medical device used to measure lung function and capacity. It works by recording the volume of air inhaled and exhaled by the lungs during breathing exercises. Spirometry tests are crucial in diagnosing respiratory conditions such as asthma, chronic obstructive pulmonary disease (COPD), and monitoring lung health in various clinical settings. This device aids in assessing lung function for accurate diagnosis and treatment planning.           

Spirometer Market Dynamics

Drivers

  • Increasing Respiratory Diseases

The rising prevalence of respiratory diseases such as COPD and asthma globally has significantly increased the demand for spirometry devices. These conditions require accurate diagnosis and ongoing monitoring of lung function, which spirometers provide. For instance, in 2023, the global spirometer market saw a notable surge in sales, driven by healthcare facilities' urgent need to manage and treat respiratory illnesses effectively through early detection and precise diagnostic tools such as spirometry.

  • Integration with Electronic Health Records (EHRs)

Integration of spirometry devices with Electronic Health Records (EHRs) automates data capture, analysis, and storage, reducing manual entry errors and enhancing healthcare provider efficiency. For instance, seamless integration allows clinicians to access patients' historical spirometry data instantly during consultations, facilitating quicker and more informed treatment decisions. This integration not only improves patient care but also drives market expansion by demonstrating tangible benefits in terms of operational efficiency and patient outcomes.

Opportunities

  • Rising Demand for Telemedicine and Remote Monitoring

The rising demand for telemedicine and remote monitoring, accelerated by the COVID-19 pandemic, has created significant opportunities in the spirometer market. Home-based spirometry devices enable patients to monitor lung function remotely, enhancing access to healthcare and reducing the need for frequent clinic visits. This trend has spurred innovation among device manufacturers, leading to the development of user-friendly, portable spirometers that cater to the growing preference for telehealth solutions.

  • Rising Patient-Centric Care Initiatives

Rising patient-centric care initiatives emphasize personalized treatment plans tailored to individual health needs. Spirometry, pivotal in monitoring chronic respiratory conditions such as COPD, aligns with this trend by enabling precise diagnosis and ongoing management at the patient's convenience. This shift expands market opportunities as healthcare providers increasingly integrate spirometry into comprehensive, patient-centered care strategies, ensuring better health outcomes through proactive monitoring and tailored interventions.

Restraints/Challenges

  • Risk of Infection Transmission

The risk of infection transmission through spirometry, involving direct contact with patients' breath, poses significant operational challenges in healthcare settings. Stringent infection control measures are essential but add to the complexity and cost of using spirometers. This risk can deter adoption and increase reluctance among healthcare providers to use spirometry devices, potentially hindering market growth and adoption rates. 

  • High Cost of Devices

The high cost of spirometers, particularly advanced models for clinical use, poses a significant barrier to adoption in smaller healthcare facilities and regions with constrained budgets. This financial restraint hinders market penetration and limits accessibility to essential respiratory diagnostic tools. As a result, healthcare providers in these settings may face challenges in acquiring necessary equipment to effectively diagnose and manage respiratory conditions. 

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In September 2022, RxCap, Inc. partnered with ZEPHYRx to integrate ZEPHYRx's online spirometry platform with RxCap's remote surveillance system. This collaboration enables RxCap's corporate clients, including healthcare providers and insurers, to monitor the lung health of patients with severe respiratory diseases remotely
  • In August 2022, AstraZeneca collaborated with Alveofit to deploy IoT-enabled portable spirometers in U.S. clinics. These handheld devices connect to the internet, enabling online patient tracking and tele-spirometry. Integrated with comprehensive care management systems, they enhance respiratory care accessibility and efficiency
  • In April 2021, Vitalograph launched the next-generation Pneumotrac spirometer in the U.S. This device, paired with Spirotrac PC software, is designed for precise respiratory diagnosis in both adult and pediatric patients, enhancing diagnostic capabilities and clinical management in respiratory healthcare

Spirometer Market Scope

The market is segmented on the basis of type, application, dosage, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Software
  • Devices
    • Table-Top Spirometer
    •  Hand-Held Spirometer
    •  PC Based Spirometer
  • Consumables and Accessories

Technology

  • Volume Measurement Spirometer
  • Flow Measurement Spirometer
  • Peak Flow Meter

 Mechanism

  • Flow-Sensing Spirometer
  • Peak Flow Meters

Disease

  • Bronchitis
  • Emphysema
  • Chronic Obstructive Lung Disease
  • Lung Cancer
  • Others

 Disposable Components

  • Filters
  • Sensors
  • Tubes

 Application

  • Asthma
  • COPD
  • Cystic Fibrosis
  • Pulmonary Fibrosis
  • Others

 End-User

  • Hospitals
  • Clinics
  • Homecare

 Distribution Channel

  • Over the Counter
  • Direct Tender

Spirometer Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, type, application, dosage, route of administration, end-users and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is projected to dominate the spirometer market due to the high prevalence of chronic obstructive pulmonary disease (COPD). This region's advanced healthcare infrastructure, coupled with robust research and development activities, contributes to the significant adoption of spirometry devices for the diagnosis and management of respiratory conditions.

Asia-Pacific is expected to witness significant growth in the spirometer market during the forecast period. This growth is driven by improving primary care initiatives aimed at early diagnosis and management of chronic lung diseases such as asthma and COPD, fostering increased adoption of spirometry technologies across the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2016-2021.

Competitive Landscape and Spirometer Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

  • F. Hoffmann-La Roche, Ltd.  (Switzerland)
  • Mylan N.V. (U.S.)
  • Sanofi (France)
  • Pfizer Inc. (U.S.)
  • GSK plc. (U.K.)
  • Novartis AG (Switzerland)
  • Bayer AG (Germany)
  • Merck & Co., Inc. (U.S.)
  • AstraZeneca (U.K.)
  • Cipla (U.S.)
  • Merck KGaA (Germany)
  • LEO Pharma A/S (Denmark)
  •  Sun Pharmaceutical Industries Ltd. (India)
  • Aurobindo Pharma (India)
  • Lupin (India)
  • Fresenius Kabi AG (Germany)
  •  Amneal Pharmaceuticals LLC. (U.S.)


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FREQUENTLY ASK QUESTIONS

The Spirometer Market Industry was worth USD 789.04 million in 2023 & it is projected to reach USD 1,805.31 million by 2031.
The Asthma, COPD, Cystic Fibrosis, and Pulmonary Fibrosis, are the market applications of the Spirometer Market.
The major data pointers of the Spirometer Market are down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies
The Growth Rate of the Spirometer Market will be 10.9% by 2031.
The major companies in the Spirometer Market are F. Hoffmann-La Roche, Ltd. (Switzerland), Mylan N.V. (U.S.), Sanofi (France), Pfizer Inc. (U.S.), GSK plc. (U.K.), Novartis AG (Switzerland), Bayer AG (Germany), Merck & Co., Inc. (U.S.), AstraZeneca (U.K.), Cipla (U.S.) , Merck KGaA (Germany), LEO Pharma A/S (Denmark), Sun Pharmaceutical Industries Ltd. (India), Aurobindo Pharma (India), Lupin (India), Fresenius Kabi AG (Germany), and Amneal Pharmaceuticals LLC. (U.S.)
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