Spirometer Market is Predicted to Observe a Tremendous Growth, With a CAGR of 9.7% From 2020 To 2027: Grand View Research Inc.

San Francisco, 19 Oct 2020: The Report Spirometer Market Size, Share & Trends Analysis Report By Type (Hand Held, Table Top), By Technology (Volume Measurement, Flow Measurement), By Application (Asthma, COPD), By End-use, By Region, And Segment Forecasts, 2020 – 2027

The global spirometer market size is expected to reach USD 1.7 billion in 2027, according to a new report by Grand View Research, Inc. The market is expected to expanding at a CAGR of 9.7% from 2020 to 2027. The prevalence of chronic respiratory diseases is rising among adults as well as children across the globe. The guidelines for the diagnosis and treatment of asthma in children and the Global Initiative on Asthma (GINA) guidelines recommend the usage of spirometry more frequently for asthma. GINA published a 2020 update for Global Strategy for Asthma Management and Prevention, which includes information about asthma after reviewing the scientific literature and contains citations from the scientific literature.

Technological advancements are leading to the development of innovative spirometers. Manufacturers are involved in the launch of technologically advanced products. For instance, in March 2018, a Swedish startup, NuvoAir, launched a handheld spirometer called Air Next. These palm-size spirometers are specially designed for home use and use Bluetooth wireless technology.

Amid the COVID-19 pandemic, manufacturers are witnessing a boost in product demand from healthcare professionals as well as patients to monitor their lung functions at home. Technologically advanced respiratory health management companies have developed digital spirometers that enable patients to easily monitor their lung function. For instance, in April 2020, Aluna, a San Francisco-based company, launched its FDA-approved portable digital spirometer, helping patients monitor their lung health at home.

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Spirometer Market Report Highlights

• Table top spirometers dominated the type segment in terms of revenue share in the year 2019 as the device is widely used in the diagnosis of obstructive airway disorders
• Desktop spirometers are likely to witness the fastest growth over the forecast period as the computer-based spirometry supports in making enhanced clinical decisions based on integrated clinical information
• The flow measurement technology segment dominated the market in terms of revenue share in 2019 due to extensive use in pulmonary function testing. Peak flow measurement spirometers are expected to register the fastest growth over the forecast period
• Based on application, Chronic Obstructive Pulmonary Disease (COPD) held the majority of the market share in 2019 pertaining to the high prevalence of mild to severe COPD. Whereas the asthma segment is expected to grow at the fastest rate during the forecast period due to the increasing prevalence of the disease and high treatment cost
• In the end-use segment, hospitals and clinics held the largest market share in 2019 due to the extensive use of spirometry for diagnosis and monitoring of chronic respiratory disorders. However, the home healthcare segment is likely to experience an impressive growth rate in the coming years due to the adoption of telemedicineand the launch of new products
• North America dominated the market in terms of revenue share in 2019 due to the high prevalence of COPD in the U.S. On the other hand, in the Asia Pacific, the market is expected to showcase the fastest growth rate due to the improving primary care initiatives for early diagnosis and management of chronic lung diseases such as asthma and COPD

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global spirometer market based on type, technology, application, end-use, and region:

Spirometer Type Outlook (Revenue, USD Million, 2016 – 2027)

• Hand Held
• Table Top
• Desktop

Spirometer Technology Outlook (Revenue, USD Million, 2016 – 2027)

• Volume Measurement
• Flow Measurement
• Peak Flow Measurement

Spirometer Application Outlook (Revenue, USD Million, 2016 – 2027)

• Asthma
• COPD
• Cystic Fibrosis
• Pulmonary Fibrosis
• Others

Spirometer End-use Outlook (Revenue, USD Million, 2016 – 2027)

• Hospitals and Clinics
• Home Healthcare

Spirometer Regional Outlook (Revenue, USD Million, 2016 – 2027)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

List of Key Players of Spirometer Market

• Schiller
• Smiths Medical
• Vyaire Medical, Inc.
• SDI Diagnostics
• Nihon Kohden Corporation
• nSpire Health Inc.
• Fukuda Sangyo Co. Ltd.
• Sibelmed
• Labtech Ltd.
• Vitalograph
• Geratherm Respiratory AG
• Koninklijke Philips N.V.
• Welch Allyn

Access Press Release of Spirometer Market @ https://www.grandviewresearch.com/press-release/global-spirometer-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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