Edit
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Spirometer Market to reach USD 895.03 Million by the end of 2030.

Global Spirometer Market Size study & Forecast, by Type (Hand-Held, Table-Top), by Technology (Volume Measurement, Flow Measurement), by Application (Asthma, COPD, Others), by End-User (Hospitals and Clinics, Home Healthcare, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-56787742
Publish Date: 10-01-2024
Page: 200

Global Spirometer Market is valued at approximately USD 583.2 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. A spirometer is a medical device designed to measure the volume of air inspired and expired by the lungs during breathing. It plays a crucial role in assessing respiratory function and diagnosing various pulmonary conditions. Typically used in clinical settings, the spirometer captures data related to lung capacity and airflow, helping healthcare professionals evaluate lung function parameters such as vital capacity, forced expiratory volume, and peak expiratory flow. The Spirometer Market is expanding because of factors such as the rising burden of respiratory diseases, technological advancements in the field of spirometers and a growing preference for home healthcare.

The escalating prevalence of respiratory diseases, including asthma, Chronic Obstructive Pulmonary Disease (COPD), and other pulmonary conditions, is anticipated to drive a surge in the demand for spirometers. As these respiratory ailments continue to pose a growing burden on global healthcare systems, the need for effective diagnostic and monitoring tools becomes increasingly paramount. Spirometers play a pivotal role in the diagnosis, assessment, and management of respiratory disorders by providing accurate and quantifiable measurements of lung function. As indicated by a publication in the European Respiratory Journal in November 2021, the prevalence of Chronic Obstructive Pulmonary Disease (COPD) in Europe is projected to increase significantly. By the year 2050, it is estimated that approximately 49,453,852 Europeans would be affected by COPD, a rise from the 36,580,965 reported in 2020. The same source also highlights that the Netherlands is anticipated to have the highest COPD prevalence in Europe, reaching 14.6% by the year 2050. Moreover, rising government collaboration with private organizations for product development and an increasing number of initiatives for disease awareness are creating new opportunities for market growth. However, concerns regarding accuracy and calibration hamper market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Spirometer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing prevalence of COPD, asthma, and other respiratory diseases, the rising development of precise devices in the region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the rising prevalence of target diseases, geographic expansion of key players, and active participation of government in the market space.

Major market player included in this report are:
Baxter International (Hill-Rom Services, Inc)
Jones Medical Instrument Company
MGC Diagnostics Corporation
Midmark Corporation
NDD Medical Technologies
KoKo PFT Ltd
OHD (SCHAUENBURG International Group)
Koninklijke Philips N.V.
ICU Medical, Inc.
Teleflex Incorporated

Recent Developments in the Market:
Ø In September 2022, RxCap, Inc. established a collaborative alliance with ZEPHYRx to seamlessly incorporate the ZEPHYRx cloud spirometry platform into RxCap’s remote monitoring system. This integration empowers RxCap’s enterprise clients, including healthcare providers and payers, to effectively track the lung function of individuals grappling with significant pulmonary conditions among their patient or member base.
Ø In Aug 2022, AstraZeneca collaborated with Alveofit, a respiratory healthcare platform, to introduce Internet of Things (IoT)-enabled handheld spirometers in hospitals nationwide. This portable spirometer is seamlessly connected to the IoT, facilitating remote patient monitoring, and enabling tele-spirometry, complemented by comprehensive care management solutions.

Global Spirometer Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Technology, Application, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Hand-Held
Table-Top

By Technology:
Volume Measurement
Flow Measurement

By Application:
Asthma
COPD
Others
By End-User:
Hospitals and Clinics
Home Healthcare
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Spirometer Market, by Region, 2020-2030 (USD Million)
1.2.2. Spirometer Market, by Type, 2020-2030 (USD Million)
1.2.3. Spirometer Market, by Technology, 2020-2030 (USD Million)
1.2.4. Spirometer Market, by Application, 2020-2030 (USD Million)
1.2.5. Spirometer Market, by End-User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Spirometer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Spirometer Market Dynamics
3.1. Spirometer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising burden of respiratory diseases
3.1.1.2. Technological advancements in the field of spirometers
3.1.1.3. Growing preference for home healthcare
3.1.2. Market Challenges
3.1.2.1. High concerns regarding accuracy and calibration
3.1.3. Market Opportunities
3.1.3.1. Government collaboration with private organizations for product development
3.1.3.2. Increasing number of initiatives for diseases awareness
Chapter 4. Global Spirometer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Spirometer Market, by Type
5.1. Market Snapshot
5.2. Global Spirometer Market by Type, Performance – Potential Analysis
5.3. Global Spirometer Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Spirometer Market, Sub Segment Analysis
5.4.1. Hand-Held
5.4.2. Table-Top
Chapter 6. Global Spirometer Market, by Technology
6.1. Market Snapshot
6.2. Global Spirometer Market by Technology, Performance – Potential Analysis
6.3. Global Spirometer Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
6.4. Spirometer Market, Sub Segment Analysis
6.4.1. Volume Measurement
6.4.2. Flow Measurement
Chapter 7. Global Spirometer Market, by Application
7.1. Market Snapshot
7.2. Global Spirometer Market by Application, Performance – Potential Analysis
7.3. Global Spirometer Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Spirometer Market, Sub Segment Analysis
7.4.1. Asthma
7.4.2. COPD
7.4.3. Others
Chapter 8. Global Spirometer Market, by End-User
8.1. Market Snapshot
8.2. Global Spirometer Market by End-User, Performance – Potential Analysis
8.3. Global Spirometer Market Estimates & Forecasts by End-User 2020-2030 (USD Million)
8.4. Spirometer Market, Sub Segment Analysis
8.4.1. Hospitals and Clinics
8.4.2. Home Healthcare
8.4.3. Others
Chapter 9. Global Spirometer Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Spirometer Market, Regional Market Snapshot
9.4. North America Spirometer Market
9.4.1. U.S. Spirometer Market
9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
9.4.1.4. End-User breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Spirometer Market
9.5. Europe Spirometer Market Snapshot
9.5.1. U.K. Spirometer Market
9.5.2. Germany Spirometer Market
9.5.3. France Spirometer Market
9.5.4. Spain Spirometer Market
9.5.5. Italy Spirometer Market
9.5.6. Rest of Europe Spirometer Market
9.6. Asia-Pacific Spirometer Market Snapshot
9.6.1. China Spirometer Market
9.6.2. India Spirometer Market
9.6.3. Japan Spirometer Market
9.6.4. Australia Spirometer Market
9.6.5. South Korea Spirometer Market
9.6.6. Rest of Asia Pacific Spirometer Market
9.7. Latin America Spirometer Market Snapshot
9.7.1. Brazil Spirometer Market
9.7.2. Mexico Spirometer Market
9.8. Middle East & Africa Spirometer Market
9.8.1. Saudi Arabia Spirometer Market
9.8.2. South Africa Spirometer Market
9.8.3. Rest of Middle East & Africa Spirometer Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Baxter International (Hill-Rom Services, Inc)
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Jones Medical Instrument Company
10.3.3. MGC Diagnostics Corporation
10.3.4. Midmark Corporation
10.3.5. NDD Medical Technologies
10.3.6. KoKo PFT Ltd
10.3.7. OHD (SCHAUENBURG International Group)
10.3.8. Koninklijke Philips N.V.
10.3.9. ICU Medical, Inc.
10.3.10. Teleflex Incorporated
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now