Global spirometers market is projected to witness a compound annual growth rate of 5.44% during the forecast period to reach a total market size of US$1.551 billion by 2023, increasing from US$1.128 billion in 2017. A spirometer is a device used to measure ventilation and the movement of air into and out of the lungs, thus helping analyze a patient's pulmonary functions. Spirometers have both diagnostic and therapeutic application and can be used in hospitals, clinics, and homecare. Technological advancement and availability of different types of spirometers have increased its demand in recent years. Other factors driving the market growth include rising incidence of chronic obtrusive pulmonary diseases, favorable government policies in developed regions, increasing penetration of these devices in emerging economies and rising aging population. Geographically, Americas region holds the largest share of global spirometers market during the projected period owing to the rising awareness about respiratory diseases
The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Spirometers. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Key industry players profiled as part of this report are Welch Allyn, Inc., Schiller AG, and SDI Diagnostics among others.
Segments covered under the spirometers market report are as below:
PC or Laptop
Flow measuring Spirometers
Ambulatory Care Units
Europe Middle East and Africa
The Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for spirometers market?
A1. The spirometers market is projected to witness a CAGR of 5.44% over the forecast period.
Q2. What is the size of global spirometers market?
A2. Spirometers market was valued at US$1.128 billion in 2017.
Q3. Which region holds the largest market share in the spirometers market?
A3. Geographically, the Americas region holds the largest share of the spirometers market owing to the rising awareness about respiratory diseases.
Q4. What will be the spirometers market size by 2023?
A4. The global spirometers market is projected to reach a total market size of US$1.551 billion by 2023.
Q5. What factors are anticipated to drive the spirometers market growth?
A5. The major factors driving the spirometers market growth include rising incidence of chronic obtrusive pulmonary diseases, favorable government policies in developed regions, increasing penetration of these devices in emerging economies, and rising aging population.