Growth in this market is largely driven by the rising global
incidence of respiratory diseases, increasing aging population, and the
technological shift in spirometer devices towards smartphone-based data
acquisition.
According to the new market research report Spirometer Market is expected to reach $1,285 million by 2025 from $799 million in 2020, at a CAGR of 11.1%.
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The consumables and accessoriessegment accounted for the largest share of the spirometer market, by product segment, in 2019
Based
on product, the spirometer products market is segmented into devices,
consumables & accessories, and software.The consumables and
accessories segment accounted for the largest share of the market in
2019. The rising incidence of respiratory diseases and the growing
geriatric population are the key factors driving the growth of this
product segment.
Hospitals segment to register the highest growth rate in the Spirometry Market during the forecast period.
Based
on end user, the Spirometry Market is segmented into hospitals,
clinical laboratories, home care settings, and industrial settings. The
hospitals segment is expected to account for the highest share in 2019.
Rapidly growing aging population, the increase in reimbursements for
clinical tests performed in hospitals, and the launch of advanced
spirometer devices are the factors driving the growth to this market
during the forecasted period.
spirometer products market Opportunity: Emerging economies
Emerging
economies such as India, Brazil, China, and South Africa provide
significant opportunities for players in the spirometry devices market.
Of the top 20 most polluted cities in the world, 14 are in India. The
use of spirometers for monitoring lung health is at a very low level in
these countries.
North America is the largest regional market for spirometer products market
The
global market is segmented into North America, Europe, the Asia
Pacific, and the Rest of the World (RoW). The North American market is
expected to account for the highest market share in 2019. The large
share of this market segment can be attributed to the increasing
incidence of chronic respiratory diseases and the rising adoption of
technologically advanced devices in the region.
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The
major players operating in this Spirometry Market are Hill-Rom, Inc.
(US), Midmark Corp. (US), Futuremed (US), COSMED (Italy), MGC
Diagnostics Corporation (US), Vyaire Medical (US), Medical International
Research (Italy),Vitalograph (UK), ndd Medical Technologies (Zurich),
Inc., Schiller AG (Switzerland), Jones Medical Instrument Company (US),
Sibelmed (Spain), MIR, Recorders and Medicare Systems (India), Smiths
Medical (US), Medline (US), Teleflex (US), CONTEC (China), Fysiomed
(Belgium), Medikro (Finland), Sdi Diagnostics (US), CHEST M.I. (Japan),
Inc, FUKUDA SANGYO Co. Ltd. (Japan), Clarity Medical (India), and
Guangzhou Medsinglong Medical Equipment Co., Ltd. (China).
