Spirometers Market Insights, Competitive Landscape and Market Forecast-2027

Spirometers Market By Type (Table Top And Portable), By Technology (Volume Measurement And Flow Measurement), By Application (Asthma, Chronic Obstructive Pulmonary Disease [COPD], Cystic Fibrosis, And Others), By End-User (Hospitals, Clinics, And Home Care), and by geography is expected to rise at a significant CAGR forecast till 2027 owing to the accelerating prevalence of various respiratory disorders such as asthma, COPD, among others and surging geriatric population across the globe

The global spirometers market will grow at a CAGR of 4.65% during the forecast period from 2022 to 2027 in order to reach USD 1,801.66 million by 2027. The spirometers market is observing an optimistic market growth due to the factors such as the rising prevalence of various respiratory disorder such as asthma, COPD, bronchitis, lung cancer, and others. Further, the surging geriatric population and increasing exposure to dust, fumes, airborne chemicals, smoking, and others will also drive the market of spirometers market in the given forecast period. Additionally, the increasing launches of technologically advanced products and the presence of key players in the market will also spur the demand of spirometers in the market in the given forecast period. Therefore, the market for spirometers is estimated to grow at a substantial CAGR during the forecast period from 2022 to 2027.

Spirometers Market Dynamics:

One of the key aspect for driving the spirometers market is the rising prevalence of various respiratory disorders globally.

For instance, according to the World Health Organization (WHO) 2022, it was estimated in 2019 that worldwide around 262 million people were suffering from asthma in 2019. Also, as per the WHO data on cancer 2022, globally around 2.21 million cases of lung cancer were recorded in 2020.

Further, the rising cases of pneumonia which is a type of acute respiratory infection affecting the lungs is another factor impacting the growth of spirometers market. As per the WHO 2021, worldwide pneumonia caused 14% of all deaths of children under 5 years old, killing 740,180 children in 2019. The proper diagnosis of pneumonia using spirometers can improve child survival rates. The above-mentioned figures illustrate the increasing incidence of various respiratory disorders across the globe, which would lead to an increase in demand for spirometers during the forecast period, thereby driving the growth of the spirometers market.

The growing geriatric population prone to the development of respiratory disorders will also lead to an increase in the demand for spirometers, during the forecast period (2022-2027).

Additionally, according to the WHO 2021, it is expected that by 2030, out of six at least one person will have his/her age 60 years or above. As per the same source, by 2050, the number of people having age 60 years or above will be around 2.1 billion. Also, as per the above mentioned source, the number of people having age 80 years or above is expected to reach to 426 million between 2020 and 2050. The increasing age owing to a weak immune system and structural changes in the spine, muscles, and ribs over time makes the aged people susceptible to the development of multiple respiratory diseases such as asthma, chronic bronchitis, bronchitis, and chronic obstructive pulmonary disease (COPD) among others. Thus, increasing the ageing population at the risk of developing respiratory diseases will lead to an increase in the demand for spirometers, causing an overall increase in the market growth of spirometers.

Therefore, the factors stated above collectively will drive the overall spirometers market during the forecast period from 2022-2027.

However, high cost of the treatment, limitations associated with the spirometers, and others may prove to be challenging factors for spirometers market growth.

The COVID- 19 pandemic had a moderate impact on the market growth of spirometers during the initial few months owing to the lockdown impositions, border closures, and others leading to the disruption in the manufacturing, supply, import, export, and other related activities of the spirometers market. However, during the latter half of the pandemic, the spirometer market started to recover owing to the resumption of activities across industries including the healthcare sector. Additionally, the spirometer market also saw an increase in the product demand owing to the rise in number of cases of COVID-19 infection. The COVID- 19 is associated with multiple pulmonary manifestations which may lead to lung damage. This indicates the growing need of spirometers that can accurately evaluate the functioning of lungs and thus leading to the growth of spirometers market. The above stated factors increased the demand of spirometers during the pandemic. Henceforth, post-pandemic arena owing to the introduction of vaccines, rising demand of the spirometer, and the rising focus by the governments on strategized plans for further outbreaks, the market has started to recover exponentially.

Spirometers Market Segment Analysis:

Spirometers Market by Type (Table Top and Portable), Technology (Volume Measurement and Flow Measurement), Application (Asthma, Chronic Obstructive Pulmonary Disease [COPD], Cystic Fibrosis, and Others), End-User (Hospitals, Clinics, and Home Care), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the type segment of the spirometers market, the table top segment is expected to have a significant revenue share in the year 2021. This was primarily owing to various unique features associated with table-top spirometers and the presence of technologically advanced spirometers launched by key players in the spirometers market.

Table-top spirometers possess many unique characteristics such as integrated temperature sensors, rechargeable battery, bluetooth connectivity and an easy end user interface. For instance, the tabletop spirometer DATOSPIR TOUCH manufactured by SIBELMED, is a touchscreen spirometer device with an inbuilt printer, capable of carrying out tests such as Bronchodilation, VC (Vital Capacity), and MVV (Maximum Voluntary Ventilation).

The table-top spirometers do not require volume calibration warm-up time for their working. They offer high accuracy as its sensors are not influenced by humidity, barometric pressure and contamination. Along with this, most table-top spirometers do not require any kind of cleaning and maintenance.

Some of the key table-top products manufactured by one of the key player, Schiller AG such as SPIROVIT SP-1 G2 and the SpiroScout spirometers offer high-precision spirometry due to direct flow measurement.

Therefore, owing to the above mentioned unique factors associated with table-top spirometers, the table-top category is expected to witness substantial growth in the overall spirometers market during the given forecast period.

North America is expected to dominate the overall Spirometers Market:

Among all the regions, the North America is expected to dominate the global spirometers in the year 2021 and is expected to do the same during the forecast period from 2022-2027. This can be ascribed to the surging prevalence of asthma, chronic obstructive pulmonary disorders, and others, increasing exposure to smoke, dust, fumes, chemicals, and others, and the growing product development activities in the spirometers section in the region, which acts as a supportive factor for the North America spirometers market growth.

As per the data published by World Health Organization (WHO) 2021, approximately 25 million people in the United States had asthma in the year 2020, including 4.2 million children. This equals to about 1 in every 13 people. Further, according to the National Center for Health Statistics 2019-2020, percentage of chronic obstructive pulmonary disorders (COPD), emphysema, or chronic bronchitis for adults aged 18 and over, in the United States, increased from 4.6% in 2019 to 5.0% in 2020.

The increasing prevalence of lung cancer will also drive the market of spirometer in the country. As per the Globocan 2020, incidence of lung cancer was 7,588 cases in the year 2020. The increasing prevalence of lung cancer will increase the demand of spirometer as during the lung cancer the spirometers can predict lung health and monitoring of the disease along with responding to the therapy.

Further, the air quality can be an underrated factor for various respiratory diseases. According to the World Health Organization 2022, an estimated 15,300 premature deaths were reported in the year 2021 as a result of air pollution. The health effects of air pollution range in severity from irritated airways and dizziness, worsening of asthma or to causing lung cancer or COPD. The increasing exposure to air pollution will increase the prevalence of disorders such as asthma, COPD, and others, thereby increasing the demand of diagnosis devices like spirometers.

Therefore, the interplay of the aforementioned factors above would provide a conducive growth environment for the North American region in the spirometers market.

Spirometers Market Key Players:

Some of the key market players operating in the spirometers market includes FUKUDA SANGYO CO., LTD., Midmark Corporation, CHEST M.I., Inc., KoKo PFT, Clarity Medical Pvt. Ltd., COSMED srl, Jones Medical Instrument Company, Baxter, Teleflex Incorporated, VYAIRE MEDICAL, INC., SIBEL, S.A.U., Medikro Oy, ICU Medical Inc., Vitalograph, Futuremed USA, Schiller AG, Aksia Group SGR S.p.A, CONTEC MEDICAL SYSTEMS CO., LTD, NDD Medical Technologies, MGC DIAGNOSTICS CORPORATION, and others.

Recent Developmental Activities in Spirometers Market:

• In March 2022, KoKo, LLC, a software developer and medical device manufacturer and MAGNET group, a purchasing organizations (GPO) company signed a three-year partnership contract that allows access to all KoKo's "gold standard" lung function diagnostics and software for spirometry, diffusion capacity, and PFT.
• In December 2021, Baxter International Inc., a global medtech leader, announced that it has completed acquisition of Hill-rom. With this acquisition it gives Baxter the complementary products and pipeline which will enable broader access to care globally.
• In September 2020, Midmark Corp., a leading medical solutions provider for ambulatory care, launches the Midmark Digital Spirometer. The device equips caregivers with the technology needed for early detection and management of asthma and COPD in patients.

Key Takeaways from the Spirometers Market Report Study

• Market size analysis for current spirometers market size (2020), and market forecast for 5 years (2021-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the spirometers market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the global spirometers market.
• Various opportunities available for the other competitor in the spirometers market space.
• What are the top performing segments in 2020? How these segments will perform in 2027.
• Which is the top-performing regions and countries in the current spirometers market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for spirometers market growth in the coming future?

Target Audience who can be benefited from this Spirometers Market Report Study

• Spirometers products providers
• Research organizations and consulting companies
• Spirometers -related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in spirometers
• Various end users who want to know more about the spirometers market and latest technological developments in the spirometers market.

Frequently Asked Questions for Spirometers Market:

1. What is a spirometer?

• The spirometers are the medical devices that are used for performing the spirometry tests to examine the function of lungs. It is very valuable tool for studying multiple respiratory problems such as asthma, chronic obstructive pulmonary disease (COPD), and others. It is also used to evaluate possible occupational pulmonary disorders and can be used to test the lung functioning before surgery.

2. What is the global market for spirometers?

• The global spirometers market will grow at a CAGR of xx during the forecast period from 2022 to 2027 in order to reach USD xx by 2027.

3. What are the drivers for global spirometers market?

• The spirometers market is witnessing a positive market growth owing to the factors such as the rising prevalence of respiratory disorders, growing geriatric population, and the technological advancements across the globe.

4. Who are the key players operating in the global spirometers market?

• Some of the key market players operating in the spirometers market includes FUKUDA SANGYO CO., LTD., Midmark Corporation, CHEST M.I., Inc., KoKo PFT, Clarity Medical Pvt. Ltd., COSMED srl, Jones Medical Instrument Company, Baxter, Teleflex Incorporated, VYAIRE MEDICAL, INC., SIBEL, S.A.U., Medikro Oy, ICU Medical Inc., Vitalograph, Futuremed USA, Schiller AG, Aksia Group SGR S.p.A, CONTEC MEDICAL SYSTEMS CO., LTD, NDD Medical Technologies, MGC DIAGNOSTICS CORPORATION, and others.

5. Which region has the highest share in spirometers market?

• Among all the regions, North America is estimated to hold the significant revenue share in the global spirometers market. The factors responsible are the increasing prevalence of various respiratory disorders such as chronic obstructive pulmonary disorder (COPD), asthma, among others, increasing exposure of smoking, dust, and chemicals, and various initiatives by government bodies for respiratory healthcare, and others. Furthermore, research and development activities in the region associated with the launch of new spirometers are also driving the market growth in North America.