
San Francisco, 20 May 2023: The Report Spirometer Market Size, Share & Trends Analysis Report By Product (Devices, Software, Consumables & Accessories), By Technology, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030
The global spirometer market size is expected to reach USD 2.3 billion in 2030, expanding at a CAGR of 10.20% during the forecast period, based on a new report by Grand View Research, Inc. The prevalence of chronic respiratory diseases is rising among adults as well as children across the globe.
The guidelines for the diagnosis and treatment of asthma in children and the Global Initiative on Asthma (GINA) guidelines recommend the usage of spirometry more frequently for asthma. GINA published a 2020 update for the Global Strategy for Asthma Management and Prevention, which includes information about asthma after reviewing the scientific literature and contains citations from the scientific literature.
Technological advancements are leading to the development of innovative spirometers. Manufacturers are involved in the launch of technologically advanced products. For example, PMD Healthcare, Inc., in March 2019 received the U.S. FDA approval for its spirometer, Spiro PD. It enables patients with cystic fibrosis, COPD, and asthma to monitor lung functions anywhere and anytime.
Amid the COVID-19 pandemic, manufacturers are witnessing a boost in product demand from healthcare professionals as well as patients to monitor their lung functions at home. Technologically advanced respiratory health management companies have developed digital spirometers that enable patients to easily monitor their lung function. For instance, in April 2020, Aluna, a San Francisco-based company, launched its FDA-approved portable digital spirometer, helping patients monitor their lung health at home.
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An increase in the prevalence of chronic respiratory diseases, growing preference for home healthcare, and technological advancements are expected to drive the market. As per World Health Organization(WHO), 90% of the world's population breathes polluted air. Pollutants and irritants have various adverse effects on the lungs.
The spirometry equipment aids in the diagnosis of various respiratory diseases, such as obstructive chronic lung disease, emphysema, asthma, and other breathing disorders for screening in an occupational environment. The global increase in COPD cases is likely to increase the demand for spirometers in the coming years.
To simplify the complex procedure involved in pulmonary function testing for patients as well as medical professionals, companies are developing spirometers with improved design and features. The main objective is to develop spirometers with higher yield and improved patient comfort without complications. In addition, companies are also adopting innovative packaging procedures to prevent any type of bacterial infection. Such technological improvements make the testing procedures easier and simpler for patients.
The use of spirometry for asthma diagnosis is not frequent in pediatric patients, especially in resource-poor countries where the burden of non-communicable diseases is higher. Strategies to increase the utilization of spirometry assessment can reduce the burden of non-communicable diseases. Thus, increased efforts to provide pediatric care and the use of modern spirometry devices that standardize test results and provide quick responses are anticipated to drive the growth of the market.
In recent years, the preference for home healthcare has increased among patients. The idea of providing treatment to patients in the comfort of their homes is a major factor propelling the growth of the market. The development of tele-spirometers is a result of the rising preference for home healthcare.
The growing elderly population is another significant driver fueling the market's growth. This population category is predisposed to a variety of chronic respiratory disorders that can be identified through spirometry. Additionally, growing consumer awareness of sophisticated diagnostic techniques is boosting the market growth.