The spirometers market is expected to grow at a compound annual growth rate (CAGR) of 8.16% to attain a market size of US$2.198 billion by the end of the analysis period, 2026. The market was valued at US$1.269 billion in 2019. The increasing level of respiratory diseases and lung problems are giving potential for the market growth of spirometers. According to the data of NCBI (National Center for Biotechnology Information), respiratory diseases are one among the major chronic diseases that are reported in the globe. Spirometer is a device that assists in the diagnosis and testing of various respiratory diseases like Asthma, emphysema and other breathing disorders. Spirometer is also widely used by medical practitioners and hospitals in a large number. The use of spirometer in order to test the proper functioning of lungs before lung surgery is a common practice in hospitals, which indeed increase the need of spirometers in hospitals. The increasing number of respiratory diseases and lung problems is driving the scope of spirometers in the global market. WHO (World Health Organization) accounts respiratory diseases as an acute, dangerous and widely distributed disease in the world.
The rising rate of air pollution is one major reasons behind the increase of respiratory diseases. Air pollution stands as the major factor behind the diseases like Bronchitis and emphysema. Spirometer is widely employed for the diagnosis and for the checking of diseases like emphysema and bronchitis. COPD (chronic inflammatory lung disease) is one of the most common diseases prevailing in the world. Intense cough and increased mucus production are the major symptoms of COPD. According to the data collected from the United States by NCBI, states that in U.S since 1999 the mortality rate of COPD has been decreased in men and increased in women. The annual report analysis of WHO points out COPD, Asthma, Acute Lower respiratory disease, Tuberculosis and lung cancer as the top 5 fatal respiratory diseases of the decade. The increasing rate of respiratory diseases in hand to hand with air pollution is boosting the demand of spirometers in the market.
The increasing level of atmospheric pollution is leading to the increase of respiratory disorders and demanding more use of spirometers for the analysis and diagnosis.
The rate of air pollution is drastically increasing due to the vast industrialization of this decade. The excess amount of carbon emission from industries, factories and automobiles are leading to the rising level of respiratory diseases. The reports of IUCN (International Union for Conservation of Nature) states that an increase of 12% can be seen on the carbon emission rate after 2000 up to 2020. The 70% of total carbon emission accounts to the combustion of fossil fuels and industrial emissions. The tremendous increase in the number of automobile production is also resulting to more air pollution due to the emissions from cars and motor vehicles. Reduced rate of carbon recycling along with a higher pollution rate is rising the rate of respiratory diseases. About more than half of respiratory diseases are caused due to the smoking and the other is caused due to the increased amount of pollution. The increasing number of people, who are affected by respiratory diseases are rising the market value of spirometers in the global market. Spirometers are accounted as one of the major devices employed in hospitals and used by medical practitioners to diagnose respiratory diseases, where increasing number of respiratory diseases boosting the market of spirometer.
Leaping advancements and developments in the technological field supporting spirometer market
The developments and researches taking place in the technological field is hiking the demand and market for spirometers. The number of researches and developments are taking place in the medical field. The development of new technologies and systems for easy diagnosis and evaluation of diseases are pushing the scope of electronic devices and equipment’s in the medical diagnosis field. Spirometer is one of the devices that made developments and progress in the mode of testing and compatibility. The size and user effectiveness of spirometer has been technically upgraded with support assistance of electronic field. The system software’s and display systems developed in support to spirometer is giving potential to the market growth of spirometer.
The investment of emerging economies and developed countries in the medical field
The huge investments by corporate giants and governments in the medical field is leading to the progress and development of medical diagnosis field. The increasing number of pandemic diseases and respiratory problems occurring due to air pollution are making the governments and company giants to invest more in the development and growth of the medical field. The upgradation giving to the diagnosing devices of major common diseases like respiratory disorders, are making the function and testing of spirometers more efficient and user friendly. The emerging countries and countries with the stable economy are also providing support and implementing government policies, creating more opportunities for the key players in medical diagnosing devices field, making the market for medical diagnosis devices.
The rising trend of homely based medical diagnosis is also leading the market growth of devices like spirometers. The simple and efficient mode of medical diagnosis is rising in the medical field. The diagnosing devices thar are accurate and user-friendly are rising the trend of home-based medical checkup and diagnosis. The introduction of upgraded pocket and user-friendly spirometers is hiking the value of spirometer market.
Segmentation of spirometer market
Based on the type, spirometers are mainly segmented into two handheld spirometer and tabletop spirometer. Handheld spirometer is mainly used for easy and quick home-based medical diagnosis. Tabletop spirometer is employed for hospital usages.
By the type of technology, spirometer is segmented into volume measurement and flow measurement. The one that employs volume-based analysis and one that uses flow-based analysis.
By the type of usage or application spirometer is employed for diagnosing and assessing diseases like COPD, Asthma, Bronchitis and cystic fibrosis, etc.
By geographic regions, spirometer market is segmented as North America, Asia Pacific, Europe, South America, Middle East and Africa. North America dominating the market of spirometer.
Coronavirus Pandemic Analysis
The analysis report also provides the report about the effect of the COVID pandemic on spirometers market. COVID pandemic had a major positive impact on the market of spirometers. Respiratory problems and respiratory disorders are the major symptoms and harmful effects caused by the CORONA virus. The respiratory problems caused by COVID pandemic had resulted in the increasing need and demand for respiratory diagnosing devices like spirometer. The need for quick and accurate respiratory testing devices had tremendously boosted the market value of spirometers in the global medical devices market.