Outlook on the Spirometer Global Market to 2028 – Asia Pacific will Experience the Fastest Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Spirometer Market Research and Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.

The global spirometer market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. A spirometer is an instrument used to measure the air capacity of the lungs. It measures the volume of air expelled by the lungs and entering the apparatus.

The spirometer is used to monitor various respiratory diseases such as asthma, emphysema, and bronchitis, among others. Moreover, an incentive spirometer can be used after the surgery, in order to keep the respiratory system healthy. It is used by patients recovering from cardiac surgeries and other related illnesses.

The rising geriatric population is increasing the adoption of a home-based spirometer for the monitoring of chronic respiratory diseases, in turn, fueling the growth of the global spirometer market. Moreover, the rising number of smokers is one of the major drivers of the spirometer market growth. Urbanization has increased the level of population, leading to the prevalence of respiratory diseases in the developed economies, in turn, augment the use of spirometers across the globe.

Lack of awareness among the population regarding the prevalence of various pulmonary respiratory devices and their related symptoms is significantly hampering the market growth. However, the introduction of advanced technology such as the integration of cell phones with spirometers is expected to fuel market growth in the near future. For instance, NuvoAir had developed a platform that can conduct lung function assessments at home easily.

However, it requires multiple testing to get exact results, and also patients have to continuously blow air for at least six seconds to get accuracy. This makes it very strenuous and time-consuming due to which people are moving towards its alternatives which includes mobile applications like ResAppDx.

Segmental Outlook

The global spirometer market is segmented based on product type, technology, and applications. Based on the product type, the market is segmented into hand-held spirometer, table-top spirometer, and desktop spirometer. Based on the technology, the market is segmented into volume measurement, flow measurement, and peak flow measurement. Apart from this, by applications, the market is segmented into asthma, COPD, cystic fibrosis, pulmonary fibrosis, and other.

COPD is Dominating the Global Spirometer Market

According to World Health Organization, around three million people die every year due to chronic respiratory diseases. The highest number of people suffering from respiratory diseases comes from COPD that makes it the major user of the spirometer. Asthma is emerging in the market with an increase of pollutants in the air. It puts an economic burden of around one billion on National Health Service (NHS) every year.

Flow measurement technology has the major revenue share in the global spirometer market due to its wide application in pulmonary function testing. Peak flow measurement devices emerging in the market as they can warn prior to the actual asthma attack which enables to provide medical assistance to the patients on time. In the product type segment, the precise results had made tabletop spirometers occupy a major market share in the market.

Regional Outlooks

The global spirometer market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others, and the Rest of the World (the Middle East and Africa, and Latin America).

North America holds a dominant position in the global spirometer market, followed by Europe. This is mainly owing to the rising prevalence of respiratory diseases and supportive government policies in the region. Moreover, the increase in healthcare expenditure has proven the major driver in the growth of the spirometer market in North America.

Asia Pacific will Experience the Fastest Growth in the Global Spirometer Market

The Asia Pacific is projected to exhibit the fastest growth in the global spirometer market over the forecast period. The growing awareness among the population regarding the availability of several respiratory care therapeutic devices is one of the major factors contributing to the growth of the spirometer market in the Asia Pacific. The high prevalence of smoking in Latin America is increasing COPD cases due to which the spirometer market is making significant growth in this region as well.

Market Players Outlook

The key players of the global spirometer market include Medical International Research, Welch Allyn Inc., Midmark Corp., Vyaire Medica, NuvoAir, Schiller Global, Cosmed s.r.l, SIBEL, SAU, and others.

The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global spirometer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market

For more information about this report visit https://www.researchandmarkets.com/r/rhtvzd

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