Spirometer Market To Grow USD 1605.1 Million by 2028 with a CAGR of 10.5%| Valuates Reports

BANGALORE, India, Oct. 26, 2022 /PRNewswire/ -- Spirometer Market is estimated to be worth USD 881.7 million in 2022 and is forecast to a readjusted size of USD 1605.1 million by 2028 with a CAGR of 10.5% during the review period.

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Major factors driving the growth of the Spirometer Market

The Spirometers market is anticipated to be driven by an increase in the prevalence of chronic respiratory disorders, a rising desire for home healthcare, and technological improvements.

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TRENDS INFLUENCING THE GROWTH OF THE SPIROMETER MARKET

An increase in respiratory diseases is expected to drive the growth of the Spirometers market. The spirometer has become widely used during the past century for the detection and treatment of numerous respiratory illnesses in both specialized and primary care settings. Spirometry is used to diagnose chronic obstructive pulmonary disease, a leading cause of disability and mortality. However, the interpretation of normal has been made more difficult by the significant variation in lung function measures through time, and space, between nations, among individuals, among groups, and across spirometers. Temporal patterns can be extremely striking, with lung function rising in some groups and falling in others throughout the same time frame.

Increasing preference for home health treatment is expected to fuel the Spirometers market. Similar to telehealth, at-home care was growing prior to the pandemic. When compared to care at a long-term care facility or nursing home, many older folks and people with disabilities or chronic problems found at-home care to be more individualized, comfortable, and convenient. Pulse oximeters, spirometers, and similar instruments used for disease condition monitoring are under FDA regulation.

In hospitals all across the world, technology has been a huge help in making asthma monitoring considerably simpler. Portable spirometers that may be used at home have been made possible by modern technology, either on their own or in conjunction with smartphones. Instead of giving the doctor sole responsibility for testing, this gives the patient authority over their asthma. Spirometer lung testing, whether done at the doctor's office or at home, is a crucial step in the management of asthma since it can help to recognize and avoid potential risks. This factor is expected to increase the spirometer market growth.

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SPIROMETER MARKET SEGMENTATION

Segment By Type

• Tabletop Spirometers
• Handheld Spirometer

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Spirometer Market Segment By Application

• Home Use
• Clinical Trials Devices
• Diagnostic Devices

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SPIROMETER MARKET SHARE ANALYSIS

Based on application, Home Use is expected to be the most lucrative. Patients receiving home care for respiratory illnesses have a lower mortality rate, a higher quality of life overall, and a higher probability of surviving. Spirometers used in homes typically run on batteries and can be used frequently. Telemedicine usage and the introduction of new products are two variables that are anticipated to promote category expansion.

Due to technological improvements, governmental regulations, an increase in respiratory disease incidences, rising healthcare costs, and enhanced healthcare infrastructure in North America, this area has the largest market for spirometers.

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Key Players

• CareFusion
• Schiller
• Philips Healthcare
• Hill-Rom
• Anhui Electronics Scientific Institute
• CardioTech
• Geratherm Respiratory
• Fukuda Sangyo
• Medisoft
• Thor Medical Systems

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