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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Spirometer is a device used for measurement of lung capacity by measuring the amount of air that goes in and out of the lungs while breathing. In a spirometer test, the patient takes a deep breath into the spirometer tube which is attached to a reader for measurement and recording of air capacity of the lungs. Any deviation from the normal values of spirometer reading indicates malfunctioning of the lungs. Spirometer can be used for diagnosis of chronic pulmonary diseases such as cystic fibrosis, pulmonary fibrosis, emphysema, chronic bronchitis, asthma, bronchiectasis, and others. A spirometer can also aid in practicing breathing exercises in case of chronic pulmonary diseases and prevent accumulation of mucus and fluid inside the lungs. Additionally, a spirometer can also be used to assess lung function prior to a surgery such as bariatric surgery, knee replacement surgery, and others.

The global spirometer market is estimated to be valued at US$ 958.0 million in 2021 and is expected to exhibit a CAGR of 9.5% over the forecast period (2021-2028).

Figure 1. Global Spirometer Market Share (%), By Region, 2021

Spirometer  | Coherent Market Insights

The increasing prevalence of chronic respiratory disorders such as asthma, pulmonary fibrosis, emphysema, and others is expected to drive the growth of the global spirometer market over the forecast period.

For instance, according to asthma facts and statistics provided by the Asthma U.K. and British Lung Foundation Partnership, in 2017 around 5.4 million people in the U.K received treatment for asthma while three people die of asthma every day in the U.K. The same source states that around 77,124 people in the U.K. were admitted to hospital for asthma during 2017.

Moreover, according to the data provided by the Centers for Disease Control and Prevention in 2018, it has been observed that the prevalence of asthma in the U.S. has increased from 7.3% in 2001 to 7.9% in 2017.

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Spirometer Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 958.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 9.5% 2028 Value Projection: US$ 1,808.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Hand Held, Table Top, Desktop
  • By Technology Type: Volume Measurement, Flow Measurement, Peak Flow Measurement
  • By Application: Asthma, Chronic Obstructive Pulmonary Disease, Cystic Fibrosis, Pulmonary Fibrosis, Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
  • By End User: Hospitals and Clinics, Home Healthcare
Companies covered:

Koninklijke Philips N.V., SCHILLER,  Midmark Corporation, Smiths Medical, Vyaire Medical, Inc., SDI Diagnostics, Nihon Kohden Corporation, COSMED srl, Fukuda Sangyo Co. Ltd., Medicare Systems, MGC Diagnostics Corporation, LabTech, Vitalograph, Futuremed, Geratherm Medical AG, Guangzhou Medsinglong Medical Equipment Co., Ltd, and Welch Allyn

Growth Drivers:
  • Increasing prevalence of chronic respiratory disorders
  • Technological advancement in healthcare sector
  • Increasing products approval and launches
Restraints & Challenges:
  • Lack of awareness about symptoms of respiratory disorders in low income countries 
  • Irregularities in spirometer readings due to human error

Figure 2. Global Spirometer Market Value (US$ Mn), By Application, 2021

Spirometer  | Coherent Market Insights

The increasing research and development activities for the development of technologically advanced spirometer is expected to drive the market growth over the forecast period.

For instance, in September 2019 a phase III clinical trial study was completed by the University of Illinois at Chicago in collaboration with Agency for Healthcare Research and Quality, an agency belonging to the U.S. Department of Health and Human Services. This clinical trial indicates that the use of spirometer can aid in identifying diagnostic error in patients suffering from chronic obstructive pulmonary disease and asthma.

The market players are focusing on product launches and regulatory approvals for their products which is expected to drive the market growth over the forecast period.

For instance, in June 2018, Henry Schein, Inc., a U.S. based distributor of healthcare products and services launched its new Henry Schein EasyOne Air spirometer which aids in accurate diagnosis of chronic obstructive pulmonary disease.

Global Spirometer Market – Impact of Coronavirus (Covid-19) Pandemic

Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 197,788,117 cases and 4,219,578 deaths due to Coronavirus (COVID-19) were reported till August 3, 2021, across the globe.

The COVID-19 pandemic and lockdown in various countries across the globe has negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. However, COVID-19 pandemic is expected to have a positive impact on spirometer market in this COVID-19 pandemic owing to need for methods which could be used to provide relief from breathing problems faced by COVID-19 patients.

For instance, according to a research article published by the American Journal of Emergency Medicine in January 2021, researchers at University of Illinois at Chicago have proposed the usage of incentive spirometry for treatment of COVID-19 patients suffering from mild to moderate respiratory symptoms by helping in expansion of lung capacity. Incentive spirometry is usually used in patients suffering from chronic obstructive pulmonary disease exacerbations, pneumonia, acute chest syndrome, and other similar respiratory disorders.

Global Spirometer Market - Restraint

The lack of awareness about symptoms of respiratory disorders in low income countries such as Africa, Bangladesh, Benin, and others, and irregularities in spirometer readings due to human error are the factors that are expected to hinder growth of the global spirometer market over the forecast period.

Key Players

Major players operating in the global spirometer market include Koninklijke Philips N.V., SCHILLER, Midmark Corporation, Smiths Medical, Vyaire Medical, Inc., SDI Diagnostics, Nihon Kohden Corporation, COSMED srl, Fukuda Sangyo Co. Ltd., Medicare Systems, MGC Diagnostics Corporation, LabTech, Vitalograph, Futuremed, Geratherm Medical AG, Guangzhou Medsinglong Medical Equipment Co., Ltd, and Welch Allyn

Spirometer is a non-invasive medical device which is used to assess the functioning of lungs by measuring the amount of air inhaled and exhaled. Spirometer is a commonly used device for diagnosis of respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and others. Spirometer may also be used to monitor the progress of a treatment for chronic lung disease in order to determine if a treatment is effective in helping the patient to breathe better. A spirometer is based on the measurement of two key factors: forced expiratory volume (FEV) and forced vital capacity (FVC). Forced expiratory volume can be defined as the air volume that can be forced out of the lungs in a second. Forced vital capacity is referred to as the largest volume of air that can be forced out of the lungs after a deep breath. FVC and FEV reading helps a physician to assess the severity of breathing problems faced by the patient. When the FVC reading is lower than the normal reading, it is indicative of restricted breathing while a lower FEV reading indicates severe obstruction in breathing.

Market Dynamics

The increasing prevalence of respiratory disorders, rising automation in the field of healthcare, and increasing adoption of inorganic growth strategies such as acquisitions, mergers, collaborations, and others by key players operating in the market, are the major factors that are expected to drive growth of the global spirometer market over the forecast period.

For instance, according to the statistics provided by the World Health Organization (WHO), in 2019 around 262 million people suffered from asthma globally, thus making asthma one of the major non-communicable disease which can affect both adults as well as children.

Key features of the study:

  • This report provides in-depth analysis of the global spirometer market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global spirometer market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Koninklijke Philips N.V., SCHILLER,  Midmark Corporation, Smiths Medical, Vyaire Medical, Inc., SDI Diagnostics, Nihon Kohden Corporation, COSMED srl, Fukuda Sangyo Co. Ltd., Medicare Systems, MGC Diagnostics Corporation, LabTech, Vitalograph, Futuremed, Geratherm Medical AG, Guangzhou Medsinglong Medical Equipment Co., Ltd, and Welch Allyn
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global spirometer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spirometer market

Detailed Segmentation:

  • Global Spirometer Market, By Product Type:
    • Hand Held
    • Table Top
    • Desktop
  • Global Spirometer Market, By Technology Type:
    • Volume Measurement
    • Flow Measurement
    • Peak Flow Measurement
  • Global Spirometer Market, By Application:
    • Asthma
    • Chronic Obstructive Pulmonary Disease
    • Cystic Fibrosis
    • Pulmonary Fibrosis
    • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
  • Global Spirometer Market, By End User:
    • Hospitals and Clinics
    • Home Healthcare
  • Global Spirometer Market, By Region:
    • North America
      • By Product Type
        • Hand Held
        • Table Top
        • Desktop
      • By Technology Type
        • Volume Measurement
        • Flow Measurement
        • Peak Flow Measurement
      • By Application
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Cystic Fibrosis
        • Pulmonary Fibrosis
        • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
      • By End User
        • Hospitals and Clinics
        • Home Healthcare
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type
        • Hand Held
        • Table Top
        • Desktop
      • By Technology Type
        • Volume Measurement
        • Flow Measurement
        • Peak Flow Measurement
      • By Application
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Cystic Fibrosis
        • Pulmonary Fibrosis
        • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
      • By End User
        • Hospitals and Clinics
        • Home Healthcare
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type
        • Hand Held
        • Table Top
        • Desktop
      • By Technology Type
        • Volume Measurement
        • Flow Measurement
        • Peak Flow Measurement
      • By Application
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Cystic Fibrosis
        • Pulmonary Fibrosis
        • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
      • By End User
        • Hospitals and Clinics
        • Home Healthcare
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Hand Held
        • Table Top
        • Desktop
      • By Technology Type
        • Volume Measurement
        • Flow Measurement
        • Peak Flow Measurement
      • By Application
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Cystic Fibrosis
        • Pulmonary Fibrosis
        • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
      • By End User
        • Hospitals and Clinics
        • Home Healthcare
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type
        • Hand Held
        • Table Top
        • Desktop
      • By Technology Type
        • Volume Measurement
        • Flow Measurement
        • Peak Flow Measurement
      • By Application
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Cystic Fibrosis
        • Pulmonary Fibrosis
        • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
      • By End User
        • Hospitals and Clinics
        • Home Healthcare
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Hand Held
        • Table Top
        • Desktop
      • By Technology Type
        • Volume Measurement
        • Flow Measurement
        • Peak Flow Measurement
      • By Application
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Cystic Fibrosis
        • Pulmonary Fibrosis
        • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
      • By End User
        • Hospitals and Clinics
        • Home Healthcare
      • By Country/Region
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Koninklijke Philips N.V.*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • SCHILLER
    • Midmark Corporation
    • Smiths Medical
    • Vyaire Medical, Inc.
    • SDI Diagnostics
    • Nihon Kohden Corporation
    • COSMED srl
    • Fukuda Sangyo Co. Ltd.
    • Medicare Systems
    • MGC Diagnostics Corporation
    • LabTech
    • Vitalograph
    • Futuremed
    • Geratherm Medical AG
    • Guangzhou Medsinglong Medical Equipment Co., Ltd
    • Welch Allyn

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Technology Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Pipeline Analysis
    • PEST Analysis
    • Regulatory Scenario
    • Market Trends
    • Key Highlights
    • Reimbursement Scenario
    • Mergers & Acquisitions
  4. Global Spirometer Market – Impact of Coronavirus (Covid-19) Pandemic
    • Economic Impact
    • Impact on Clinical Trials and Development
    • Government Initiatives
  5. Global Spirometer Market, By Product Type, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Hand Held
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Table Top
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Desktop
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  6. Global Spirometer Market, By Technology Type, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Volume Measurement
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Flow Measurement
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Peak Flow Measurement
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  7. Global Spirometer Market, By Application, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Asthma
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Chronic Obstructive Pulmonary Disease
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Cystic Fibrosis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Pulmonary Fibrosis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Others (Others include Emphysema, Chronic Bronchitis, and Bronchiectasis)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  8. Global Spirometer Market, By End User, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Hospitals and Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Home Healthcare
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  9. Global Spirometer Market, By Region, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018–2028
    • North America
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Technology Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Technology Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Technology Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Technology Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Technology Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Technology Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, By Region/Country, 2017 – 2028, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SCHILLER
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Midmark Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smiths Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Vyaire Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SDI Diagnostics
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Nihon Kohden Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • COSMED srl
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Fukuda Sangyo Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medicare Systems
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • MGC Diagnostics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • LabTech
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Vitalograph
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Futuremed
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Geratherm Medical AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Guangzhou Medsinglong Medical Equipment Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Welch Allyn
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 38 market data tables and 28 figures on "Spirometer Market” - Global forecast to 2028

FAQgrowicon

Frequently Asked Questions

The global spirometer market size is estimated to be valued at US$ 958.0 million in 2021 and is expected to exhibit a CAGR of 9.5% between 2021 and 2028.
Increasing prevalence of chronic respiratory disorders, increasing research and development activities for the development of advanced spirometer, and growing product launches and approvals are expected to drive the market growth over the forecast period.
Chronic obstructive pulmonary disease segment is expected to hold the major market share, owing to increasing prevalence during the forecast period.
North America holds the largest market share in the market.
Major factors hampering growth of the market include the lack of awareness about symptoms of respiratory disorders in low income countries such as Africa, Bangladesh, Benin, etc. and irregularities in spirometer readings due to human error.
Major players operating in the market include Koninklijke Philips N.V., SCHILLER, Midmark Corporation, Smiths Medical, Vyaire Medical, Inc., SDI Diagnostics, Nihon Kohden Corporation, COSMED srl, Fukuda Sangyo Co. Ltd., Medicare Systems, MGC Diagnostics Corporation, LabTech, Vitalograph, Futuremed, Geratherm Medical AG, Guangzhou Medsinglong Medical Equipment Co., Ltd, and Welch Allyn.
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