Spirometer market size is projected to grow significantly during the forecast period from 2018 to 2024.
The spirometer industry should witness significant expansion due to increased prevalence of respiratory diseases over the last few years. Rising elderly population prone to suffer from various chronic ailments will act as primary driver for device adoption. As per WHO statistics, nearly 3 million people die annually due to chronic respiratory diseases globally.
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Presence of associations such as American Association of Respiratory Care (AARC), American Lung Association and The European Respiratory Society (ERS), that function to create awareness about respiratory diseases and promote pulmonary tests will augment adoption of the device. Industry players are working towards developing superior spirometers to simplify lung volume testing procedures will positively impact business growth. Lack of awareness about respiratory diseases and treatment, improper reimbursement pertaining to respiratory care devices and affordability issues faced in low and middle-income countries will hamper industry growth over the coming years.
Based on product type, the industry is segmented into table top, handheld and desktop spirometers. Table top spirometer business dominated the industry in 2017 and is estimated to grow considerably during the forecast period owing to high number of installations in primary settings including hospital and clinics. Moreover, table top spirometers deliver precise result will drive segment growth.
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