Growth in this market is largely driven by the increasing aging population, rising global incidence of respiratory diseases and the technological shift in spirometer devices towards smartphone-based data acquisition. On the other hand, dependence on patient and other human interventions for data will hinder the growth of this market and will remain a challenge.
According to research report Spirometer Market is projected to reach $1,285 million by 2025, at a CAGR of 11.1%.
The spirometer market isconsolidated in nature. The major players operating in this market are Hill Rom (US), Vyaire Medical (US), MGC Diagnostics (US), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG (Switzerland), 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 consumables, accessories, development of devices 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.
Based on product, the spirometer market is segmented into consumables & accessories, devices and software. This segment is expected to witness the highest growth rate during the forecast period.
The flow- sensing segment accounted for the highest share in 2019. Based on mechanism, the spirometer market is segmented into flow-sensing spirometer and peak flow meters.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18015659