- Hand-Held Spirometry
- Table-Top Spirometry
- Desktop Spirometry
Spirometry Market size was valued at USD 572.62 million in 2022 and is anticipated to grow at a CAGR of 5.7% over 2023-2029. owing to increasing cases of chronic obstructive pulmonary disorders (COPD), asthma, cystic fibrosis etc. and growing ageing population coupled with increasing healthcare per capita income and technological advancements in respiratory care devices drives the growth of the spirometry market. Additionally, government initiatives to focus on monitoring respiratory diseases, to curb smoking, home utilization spirometers further boosts the growth of the market over the forecast period. However, time consuming spirometers process to perform the required tests are expected to restrain the growth of the market over the forecast years. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global spirometry market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
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COPD affects more than 200 million people in the world, 65 million people of whom have moderate or severe airway disease. Moreover, the high prevalence and severity of illness makes its economic cost high and the direct cost of COPD is 6% of total healthcare cost. And 56% of the total cost of treating respiratory diseases in the European Union. Prevalence of asthma afflicts up to 334 million people worldwide and its incidence have been increasing from past three decades. Spirometry is required to establish a clinical diagnosis of COPD and is the first step in treatment. Using spirometry avoids misdiagnosis and assists in evaluating the severity of the airflow limitation. Identification and reduction of exposure to risk factors are essential to prevent and treat the disease. Rising prevalence and incidence of respiratory diseases and growing ageing population increases the demand for spirometry.
The key segments covered in the spirometry market are: by product, technology, application, and end-users
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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Competition Assessment