Global Spirometer Market
Medical Equipment

5 Key Insights On The Spirometer Market 2023

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

As per The Business Research Company’s Spirometer Global Market Report 2023, the spirometer market is expected to show significant growth in the forecast period.

Key insights from the spirometer market forecast include:

  1. Market Size

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 spirometer market is expected to grow to $1.49 billion in 2027 at a CAGR of 6.5%.

  1. Major Driver

The rising frequency of chronic respiratory disorders is projected to drive the spirometer market in the coming years. In July 2022, for example, the Australian Institute of Health and Welfare stated that one-third (30%) of Australians had chronic respiratory illnesses, according to the Australian-Government agency. 5.1 million (20% of the entire population) had allergic rhinitis (‘hay fever,’ 2.7 million (11% had asthma, and 2.0 million (8.0%) had chronic sinusitis (ABS 2022). As a result of the rising prevalence of chronic respiratory disorders, the spirometer market is expanding.

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

  1. Key Trend

Technological improvement is a major trend that is gaining traction in the spirometer market. To get a competitive advantage in the industry, major market players are focusing their efforts on developing spirometers with revolutionary technologies such as portable wireless spirometers. For example, on World COPD Day in November 2021, Cipla Ltd., an India-based pharmaceutical business, announced the debut of Spirofy, a pneumatic-based portable and wireless spirometer. Using bacterial virus filters (BVF), Cipla’s Spirofy ensures excellent result accuracy and individual patient safety. Spirofy is completely wireless and has a good battery backup, making it ideal for usage in outdoor camps, distant regions with limited electricity, or just providing physicians with flexibility and convenience of use.

  1. Largest Region

North America was the largest region in the spirometer market in 2022.

  1. Major Players

Major players in the food diagnostics 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.

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Key Spirometer Market Segments
The global spirometer market is segmented –
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

The Spirometer Global Market Report 2023  provides an in-depth analysis on the spirometer market size, trends and drivers, opportunities, strategies, and companies 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.

View More Related Reports –
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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