Growth in this market is largely driven by the rising global
incidence of respiratory diseases, increasing aging population, and the
technological shift in spirometer devices towards smartphone-based data
acquisition.
According to the new market research report Spirometer Market is expected to reach $1,285 million by 2025 from $799 million in 2020, at a CAGR of 11.1%.
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Based on product, the Spirometer Market is segmented into devices,
consumables & accessories, and software.The consumables and
accessories segment accounted for the largest share of the market in
2019.
• Based on end user, the market is segmented into
hospitals, clinical laboratories, home care settings, and industrial
settings. The hospitals segment is expected to account for the highest
share in 2019.
The spirometer market isconsolidated in nature.
The major players operating in this market are Hill Rom (US), Vyaire
Medical (US), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG
(Switzerland), MGC Diagnostics (US), Medical International Research
(Italy), ndd Medical Technologies (Switzerland), Vitalograph (UK), and
Midmark Corporation (US).
Hill-Rom is the largest player in the
spirometer market. The company focuses on the development of devices,
consumables, accessories, and software required to perform spirometer
tests. These products are sold under the brand Welch Allyn. The company
also invests a significant amount on research and development
activities.
Vyaire Medical is a pioneer in the spirometer
market. As a result, it has a strong foothold in the spirometer devices
market. The company was formed by a partnership between BD and Apax Fund
Partners, when BD divested its respiratory care business. Apax Fund
Partners took over the complete holdings of Vyaire Medical in 2019.
Vyaire Medical has a global distribution network and has a good brand
reputation among end users.
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The global spirometer market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World (RoW). The North American market is expected to account for the highest market share in 2019. The large share of this market segment can be attributed to the increasing incidence of chronic respiratory diseases and the rising adoption of technologically advanced devices in the region.
