According to a new market research report published by sheer analytics and insights, “The Global Spirometer Market was valued at $0.81 Billion in 2020. Growing at a high CAGR of more than 6.7% between 2021 and 2031, it is estimated to reach $1.67 Billion by 2031”, as per the latest market research report titled, Global Spirometer Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
The spirometer is a medical device that uses to measure the lungs' air capacity by measuring the quantity of air exhaled and inhaled by the organs. Spirometers create a pneuma- tachograph that measures lung performance in diagnosing and monitoring patients’ respiratory disorders. Rising prevalence of chronic disease with the growing population, technical advancement drives the market growth. COPD is an ever-increasing life-threatening lung disease that causes breathlessness. Thus, the spirometer device helps identify different respiratory diseases, such as emphysema, asthma, chronic obstructive lung disease, and other breathing diseases, for screening in an occupational environment. Therefore, the rising cases of COPD globally are thus, conclusively increasing the demand for the spirometer market. The spirometer market is likely to witness rapid growth over the forecast period due to the ease of use in both general and homecare practice by smokers and asthma patients.
However, in this current pandemic of COVID-19, the Spirometer market was affected much. It changes the growth rate graph slightly in the Spirometer market. People are spending more money on healthcare equipment, which propels the market growth in this current situation. The current Pandemic of COVID-19 has caused increased cases of respiratory diseases. The outbreak has disrupted health systems globally, which drives the market for respiratory support. Apart from that, the rising of the medical device sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Spirometer Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include 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, Hill-Rom, Inc., and Midmark Corp. among others.
The Global Spirometer Market Has Been Segmented into:
Global Spirometer Market: By Type
Global Spirometer Market: By Technology
Global Spirometer Market: By Application
Global Spirometer Market: By End-Use
Global Spirometer Market: By Region