Spirometer Market Size, Share | Global Forecast 2021, 2028

Spirometer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Handheld Spirometers, Table-Top Spirometers, and Desktop Spirometers), Technology (Volume, Flow, and Peak Flow), and Application (Asthma, Chronic Obstructive Pulmonary Disease, Cystic Fibrosis, and Others)

  • Report Code : TIPRE00018813
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 183
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The spirometer market is expected to grow from US$ 893.71 million in 2021  to US$ 1,907.36 million by 2028. It is estimated to grow at a CAGR of 11.5% during 2022–2028.

A spirometer is a diagnostic device that measures the circulation of air into and out of the lungs. Obstructive and restrictive aberrant ventilation patterns are identified using the spirogram. A spirometer is the primary preferred equipment used for basic pulmonary function tests (PFTs). The tests may rule out lung illnesses, including asthma, bronchitis, and emphysema. Furthermore, a spirometer is frequently used to determine the cause of breath shortness, analyze the influence of pollutants on lung function, the effect of medicine, and evaluate the treatment progress of the disease.

The spirometer market is segmented based on type, technology, application, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. This report offers insights and in-depth analysis of the market, emphasizing parameters, such as market trends and market dynamics, and the competitive analysis of the globally leading market players.   

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Spirometer Market: Strategic Insights

Spirometer Market

  • CAGR (2021 - 2028)
    11.5%
  • Market Size 2021
    US$ 893.71 Million
  • Market Size 2028
    US$ 1,907.36 Million

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Jones Medical Instrument Company
  • Benson Medical Instruments Co.
  • NUVOAIR U.S, INC. (NUVOAIR AB)
  • Teleflex Incorporated
  • VYAIRE MEDICAL, INC.
  • COSMED Srl
  • Depisteo LLC.
  • Henry Schein, Inc.
  • Baxter International Inc.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Handheld Spirometers
  • Table-Top Spirometers
  • Desktop Spirometers
Technology
  • Volume
  • Flow
  • Peak Flow
Application
  • Asthma
  • Chronic Obstructive Pulmonary Disease
  • Cystic Fibrosis
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights and Developments
Rising Prevalence of Respiratory Diseases Drives Spirometer Market

The higher prevalence of respiratory disorders is related to the decrease in the size of the upper airway lumen in the aging population. Lung diseases are among the most common medical conditions across the world. Further, millions of people are suffering from various types of respiratory diseases. Moreover, smoking, genetic factors, and infections are among the common factors responsible for respiratory diseases. Medical conditions, including asthma, chronic obstructive pulmonary disease (COPD), chronic bronchitis, cystic fibrosis, and lung cancer, are significant public health burdens. Patients suffering from respiratory disorders commonly experience difficulty in breathing. Further, early detection and diagnosis can help in treating patients suffering from respiratory diseases. To treat these patients, spirometry is a crucial technology that assists in indulging in the severity of the infection and avoids misdiagnosis. Thus, the increasing incidence of respiratory diseases drives the growth of the market.

A few developments by companies are listed below:

  • In January 2022, ICU Medical announced that it has completed its acquisition of Smiths Medical from Smiths Group plc. The Smiths Medical business includes a syringe and ambulatory infusion devices, vascular access, and vital care products. When combined with ICU Medical’s existing businesses, the combined companies create a leading infusion therapy company with estimated pro forma combined revenues of ~US$2.5 billion.
  • In December 2021, Baxter announced the acquisition of Hill-rom. This combination unlocked the next phase of the company's transformation for greater impact on patients, employees, clinicians, and shareholders worldwide. Hill-Rom is among the leading manufacturers of spirometry products.
  • In February 2020, COSMED acquired assets of Innovision ApS, a Danish Company with significant know-how and expertise in the design of products for hemodynamic (cardiac output), ventilation heterogeneity (lung clearance index), and metabolic measurements (VO2Max).
  • In August 2019, Hill-Rom entered a definitive agreement to acquire Breathe Technologies, Inc., developer and manufacturer of a patented wearable, noninvasive ventilation technology that supports improved patient mobility, for a cash consideration of US$130 million.

Such developments by market players are driving the spirometer market.   

Type Insights

Based on type, the spirometer market is segmented into handheld spirometers, table-top spirometers, and desktop spirometers. The table-top spirometers segment holds the largest market share in 2022. However, the handheld spirometers segment is anticipated to register the highest CAGR during the forecast period due to the emergence of small, lightweight, and easily portable handheld spirometers becoming universal in the industry.

Technology Insights

Based on Technology, the spirometer market is segmented into volume, flow, and peak flow. In 2022, the flow segment holds the largest market share. However, the peak flow segment is expected to register the highest CAGR from 2022 to 2028, due to its working pattern as patients blow into a mouthpiece at one end of the device, and the peak flow meter measures the force of the air flowing out of the lungs in liters per minute.

Application Insights

Based on application, the spirometer market is segmented into asthma, chronic obstructive pulmonary disease, cystic fibrosis, and others. In 2022, the chronic obstructive pulmonary disease segment holds the largest share of the market. Moreover, the same segment is expected to register the highest CAGR from 2022 to 2028, owing to the growing prevalence of COPD and the adoption of easy diagnosis of COPD offered by spirometry.

Organic developments, including product launches, are highly adopted strategies by the global spirometer market players. A few of the recent key market developments are listed below:

  • In November 2021, COSMED launched the 2nd generation of OMNIA software, the most comprehensive data management platform for metabolic, lung function, and body composition assessment.
  • In April 2021, the US FDA cleared NuvoAir's Air Next connected spirometer device. According to the FDA’s premarket notification database, the Stockholm, Sweden-based company submitted its application in November 2018.

Spirometer – Market Segmentation

The global spirometer market is segmented based on type, technology, application, and geography. Based on type, the market is segmented into handheld spirometers, table-top spirometers, and desktop spirometers. Based on technology, the market is segmented into volume, flow, and peak flow. Based on application, the spirometer market is segmented into asthma, chronic obstructive pulmonary disease, cystic fibrosis, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.  

Spirometer Market Report Scope

Report Attribute Details
Market size in 2021 US$ 893.71 Million
Market Size by 2028 US$ 1,907.36 Million
Global CAGR (2021 - 2028) 11.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Handheld Spirometers
  • Table-Top Spirometers
  • Desktop Spirometers
By Technology
  • Volume
  • Flow
  • Peak Flow
By Application
  • Asthma
  • Chronic Obstructive Pulmonary Disease
  • Cystic Fibrosis
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Jones Medical Instrument Company
  • Benson Medical Instruments Co.
  • NUVOAIR U.S, INC. (NUVOAIR AB)
  • Teleflex Incorporated
  • VYAIRE MEDICAL, INC.
  • COSMED Srl
  • Depisteo LLC.
  • Henry Schein, Inc.
  • Baxter International Inc.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Company Profiles

    • Jones Medical Instrument Company        
    • Benson Medical Instruments Co.    
    • Nuvoair AB           
    • Teleflex Incorporated        
    • Vyaire Medical, Inc.           
    • COSMED srl           
    • Depisteo LLC          
    • Henry Schein, Inc    
    • Baxter International Inc.    
    • ICU Medical Inc.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Technology, and Application

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    What are the growth estimates for the spirometer market till 2028?

    The spirometer market is expected to be valued at US$ 1,907.36 million in 2028.

    Which product led the spirometer market?

    The table-top spirometers segment held the largest share of the market in the global spirometer market contributing a market share of 43.05% in 2022.

    Which region is projected to be the fastest growing region in the global spirometer market?

    The Asia Pacific is expected to be the fastest growing region in the spirometer market over the forecast period due to the rise in geriatric population, rise in prevalence of lung-related diseases, the high expense of treatment, and growing awareness related to the importance of spirometers.

    What is the market CAGR value of the spirometer market during the forecast period?

    The CAGR value of the spirometer market during the forecasted period of 2022-2028 is 11.5%.

    What is the estimated spirometer market size in 2022?

    The spirometer market is estimated to be valued at US$ 992.38 million in 2022.

    Who are the major players in the spirometer market across the globe?

    The spirometer market majorly consists of the players, such as Jones Medical Instrument Company; Benson Medical Instruments Co.; NUVOAIR U.S, INC. (NUVOAIR AB); Teleflex Incorporated; Vyaire Medical, Inc.; COSMED srl; Depisteo LLC; Henry Schein, Inc; Baxter International Inc.; and ICU Medical Inc.

    What are the driving factors for the global spirometer market across the world?

    The factors that are driving the growth of the spirometer market are the high prevalence of respiratory diseases and the increasing preference for home care products. However, the unfavorable reimbursement scenario is the major factor hindering the spirometer market growth.

    What is a spirometer?

    A spirometer is a diagnostic device that measures the amount of air that is inspired and expelled by the lungs. The circulation of air into and out of the lungs is measured with a spirometer. Obstructive and restrictive aberrant ventilation patterns are identified using the spirogram. A spirometer is the primary preferred equipment used for basic pulmonary function tests (PFTs). The tests may rule out lung illnesses such as asthma, bronchitis, and emphysema. Furthermore, a spirometer is frequently used to determine the cause of shortness of breath, analyze the influence of pollutants on lung function, the effect of medicine, and evaluate the disease treatment progress.

    The List of Companies - Spirometer Market

    1. Jones Medical Instrument Company
    2. Benson Medical Instruments Co.
    3. NUVOAIR U.S, INC. (NUVOAIR AB)
    4. Teleflex Incorporated
    5. VYAIRE MEDICAL, INC.
    6. COSMED Srl
    7. Depisteo LLC.
    8. Henry Schein, Inc.
    9. Baxter International Inc.
    10. ICU Medical Inc.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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