The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s spirometer market report forecasts the spirometer market size to grow to $1.49 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Spirometer Market Report 2023 – https://www.thebusinessresearchcompany.com/report/spirometer-global-market-report

Spirometer Market Size Forecast
The global spirometer market 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%.

North America held the largest spirometer market share.

Key Spirometer Market Driver ­– Increase In The Prevalence Of Chronic Respiratory Diseases
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.

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Key Spirometer Market Trend – Technological Advancement
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.

Spirometer Market Segment
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

Spirometer Market Major Players and Strategies
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.

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.

The Spirometer Global Market Report 2023 covers regional data on spirometer market size, spirometer market trends and drivers, opportunities, strategies, and spirometer market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

View More Reports Related To The Spirometer Market –
Pulse Oximeters, Spirometers Global Market Report 2023
Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2023
Respiratory Monitoring Devices Global Market Report 2023

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