Spirometer Market Size

Spirometer Market Size

Spirometer Market size was valued at around USD 1 billion in 2023 and is estimated to grow at over 9.6% CAGR from 2024 to 2032. The increasing prevalence of respiratory diseases coupled with the rising demand for home healthcare services are key factors driving market growth.

The market is anticipated to witness consistent growth, fueled by factors including rise in chronic respiratory conditions such as asthma, COPD, occupational lung diseases, and pulmonary hypertension. COPD and asthma, in particular, pose a significant burden on global public health, characterized by notable prevalence rates and consequential morbidity and mortality. For instance, Lancet, a renowned medical journal, highlights that the most widespread chronic respiratory diseases (CRDs) globally are COPD and asthma, with a prevalence of 3.9% and 3.6% respectively.

Furthermore, The Centers for Disease Control and Prevention (CDC) reported U.S. data, indicating that 4.6% of adults are diagnosed with COPD, emphysema, or chronic bronchitis in 2022. The rising prevalence of these conditions underscores the growing necessity for precise diagnostic tools concerning respiratory illnesses, thus driving the demand for spirometers in the market.

A spirometer is a medical device used to measure the volume of air inspired and expired by the lungs during breathing. It assesses lung function by measuring various parameters such as lung capacity, volume, and airflow rates.