Spirometer is used for measuring the lung capacity and this is done by measuring the amount of air going in and out of the lungs while breathing. The patient has to take deep breaths in the spirometer tube it is attached to a reader which measures and records the capacity of air in lungs. This device can be used in diagnosis of many chronic diseases like pulmonary fibrosis, bronchiectasis, cystic fibrosis and asthma. A spirometer also prevents accumulation of mucus and other fluid substances in lungs. It can also be used for assessing functions of lungs.
Global spirometer market is forecast to be valued at US$ 958.0 Mn in 2021 and is estimated to exhibit a CAGR of 9.5% during the forecast period.
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Impact of Covid-19:
The first case of COVID-19 was reported in Wuhan, China, in 2019. According to the Weekly Epidemiological Update by World Health Organization more than 197 million COVID-19 cases and almost 4.2 million deaths were registered until August 6, 2021 globally.
The pandemic showcased a negative effect on various markets around the worlds, which is estimated to propel demand and supply in the global spirometer market due to use of spirometer for treating moderate to mild COVID-19 infections during the pandemic.
For instance, Tidal Medical Technologies, gained emergency use authorization from the U.S. FDA in June 2021, for their InSee incentive spirometer accessory that is used along with AirLife incentive spirometer, which has been developed by Vyaire Medical, Inc. The spirometer accessory is also helpful in tracking usage of AirLife incentive spirometer by COVID-19 patients.
Major players active in the Global Spirometer Market are focusing on gaining approvals for products from regulatory authorities which is estimated to fuel growth of the global spirometer market during the forecast period.
For instance, Monitored Therapeutics, Inc., received approval from the U.S. FDA in April 2017, for their GoSpiro, a newly developed product which measure lung air flow in real time and it also has volume enabled with on screen visualization. This new device can be used at home as well as in clinics.
Key players are focusing on adopting growth strategies like acquisitions and collaboration for strengthening their position in the global spirometer market. For instance, MGC Diagnostics Corporation and Monitored Therapeutics, Inc entered in a distributive partnership in June 2020, for expanding respiratory care product portfolio of MGC Diagnostics and this will be done by distributing a spirometer, GoSpiro, and Monitored Therapeutics, Inc will be manufacturing them.
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The global spirometer market is estimated to witness a CAGR of 9.5% during the forecast period, due to increasing product launches and regulatory approvals. For instance, Vitalograph, which is respiratory diagnostics company based in the U.S. gained approval from the U.S. FDA 510(k) in August 2020, for their In2itive e-Diary, a newly developed handheld spirometer.
Chronic obstructive pulmonary disease segment, among application in the global spirometer market is estimated to witness significant growth over the forecast period, due to increasing incidences of chronic obstructive pulmonary disease. For instance, the European Respiratory Journal published an article in 2019, stated that the prevalence of chronic obstructive pulmonary disease worldwide has increased in 2019 to almost 13.1% from 11.7% in 2010.
Key players active in the global spirometer market are Welch Allyn, Koninklijke Philips N.V., Guangzhou Medsinglong Medical Equipment Co., Ltd, SCHILLER, Midmark Corporation, Geratherm Medical AG, Smiths Medical, Futuremed, Vyaire Medical, Inc., LabTech, SDI Diagnostics, MGC Diagnostics Corporation, Nihon Kohden Corporation, Fukuda Sangyo Co. Ltd., COSMED srl and Medicare Systems.
Reasons to buy this Spirometer Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Spirometer market size estimation and recent advancements in the industry are explained.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Spirometer Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Spirometer Industry Impact
Chapter 2 Global Spirometer Competition by Types, Applications, and Top Regions and Countries
2.1 Global Spirometer (Volume and Value) by Type
2.3 Global Spirometer (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Spirometer Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Spirometer Market Analysis
Chapter 6 East Asia Spirometer Market Analysis
Chapter 7 Europe Spirometer Market Analysis
Chapter 8 South Asia Spirometer Market Analysis
Chapter 9 Southeast Asia Spirometer Market Analysis
Chapter 10 Middle East Spirometer Market Analysis
Chapter 11 Africa Spirometer Market Analysis
Chapter 12 Oceania Spirometer Market Analysis
Chapter 13 South America Spirometer Market Analysis
Chapter 14 Company Profiles and Key Figures in Spirometer Business
Chapter 15 Global Spirometer Market Forecast (2022-2028)
Chapter 16 Conclusions
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