Global spirometer market set for significant growth, expected to reach $2738.41 million by 2032
From GlobeNewswire: 2025-01-21 08:32:00
The global Spirometer Market is poised for significant growth, with a value of USD 1098.50 million in 2023 and expected to reach USD 2738.41 million by 2032, growing at a CAGR of 10.70% over the forecast period. Increasing respiratory diseases drive demand, along with the trend of home healthcare solutions.
Spirometers are crucial in diagnosing and monitoring respiratory diseases, with COPD affecting 390 million people globally and asthma impacting 262 million individuals. Advancements in technology, such as integration with digital platforms, have enhanced accessibility and convenience for both healthcare providers and patients.
The spirometer market is witnessing a trend towards home healthcare, with a growing demand for portable spirometers offering real-time results. This shift reduces the burden on healthcare facilities and contributes to better patient outcomes. The use of spirometers in conjunction with cloud-based solutions for remote monitoring is expanding as telemedicine grows.
In 2023, the devices segment held a 60% share of the spirometer market, driven by the increasing use of advanced spirometry devices in healthcare and home healthcare settings. Flow-sensing spirometers dominated the market in 2023, with a 75% share, preferred for their precise measurement of airflow rates in diagnosing respiratory diseases.
The COPD application segment led the market in 2023, comprising around 50% of the market share due to the increasing prevalence of COPD globally. As the aging population grows and environmental factors worsen, the demand for spirometry in managing respiratory conditions like COPD continues to rise.
Recent developments in the spirometer market include Theravance’s release of area under the curve spirometry analysis for YUPELRI in dealing with COPD, NuvoAir’s FDA clearance for its Air Next Spirometer for home applications, and Alveofit’s US FDA clearance for the alveoair spirometer, making quality digital respiratory care more accessible and affordable. The spirometer market is set to expand globally, with North America leading in 2023. The United States sees a rise in healthcare facilities adopting advanced spirometry equipment. Meanwhile, the Asia Pacific region is expected to grow rapidly due to air pollution and aging populations, especially in countries like China and India.
For more in-depth analysis and statistics on the spirometer market, check out the detailed report from SNS Insider. The report covers key points such as market dynamics, regional analysis, and competitive landscape. With a focus on providing accurate market data and consumer insights, SNS Insider aims to help clients make informed decisions in a changing market landscape.
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