Report : North America Spirometer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Handheld Spirometers, Table-top Spirometers, and Desktop Spirometers), Technology (Volume, Flow, and Peak Flow), and Application (Asthma, Chronic Obstructive Pulmonary Disease, Cystic Fibrosis, and Others)
At 11.7% CAGR, the North America Spirometer Market is speculated to be worth US$ 762.94 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America spirometer market was valued at US$ 392.53 million in 2022 and is expected to reach US$ 762.94 million by 2028, registering an annual growth rate of 11.7% from 2022 to 2028. The increasing government initiatives and increasing prevalence of respiratory diseases are the critical factors attributed to the market expansion.
Millions of people across the region are suffering from COPD and asthma, which are the two most common respiratory diseases that can seriously impact people’s health and even cause death. Patients with asthma and COPD are recommended to perform daily measurements of static and dynamic respiratory functions to easily track their pulmonary health and to prevent exacerbations. Spirometers are the most common machines for such tests as they measure the volume and speed of air inhaled and exhaled to assess lung function and provide a first-level diagnostic test for pulmonary diseases and its progression. In addition, the American Association for Respiratory Care was a sponsor of the National Lung Health Education Program (NLHEP), a non-profit organization developed by Petty. The purpose of the NLHEP is to encourage primary care practitioners to purchase and use spirometers in their offices for the early detection of COPD. Additionally, the National Institutes of Health National Heart, Lung, and Blood Institute's lung division shifted their primary emphasis from asthma to COPD. Additionally, spirometry testing is recommended by the GOLD as the preferred method for diagnosing COPD. Furthermore, large direct-to-consumer (DTC) campaigns in the US urge smokers with respiratory disease symptoms to ask their doctor for a spirometry test. Therefore, the continuous initiatives by the government are likely to modernize and offer opportunities for the growth of the spirometer market.
On the contrary, unfavorable reimbursement scenario hurdles the growth of North America spirometer market.
Based on type, the North America spirometer market is segmented into handheld spirometers, table-top spirometers, and desktop spirometers. The table-top spirometers segment held 42.3% market share in 2022, amassing US$ 165.92 million. It is projected to garner US$ 313.72 million by 2028 to expand at 11.2% CAGR during 2022–2028.
The North America spirometer market, by technology, is segmented into volume, flow, and peak flow. The flow segment held 46.8% market share in 2022, amassing US$ 183.86 million. It is projected to garner US$ 362.48 million by 2028 to expand at 12.0% CAGR during 2022–2028.
The North America spirometer market, by application is segmented into asthma, chronic obstructive pulmonary disease, cystic fibrosis, and others. With 38.7% share of the domain, the chronic obstructive pulmonary disease segment dominated the market in 2022. It accrued US$ 151.82 million in 2022 and is estimated to generate US$ 298.29 million by 2028 to grow at a CAGR of 11.9% over the forecast period.
Based on country, the North America spirometer market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 68.6% market share in 2022. It was assessed at US$ 269.25 million in 2022 and is likely to hit US$ 530.86 million by 2028, exhibiting a CAGR of 12.0% during the forecast period.
Key players dominating the North America spirometer market are Baxter International Inc.; Benson Medical Instruments Co.; COSMED Srl; Depisteo LLC.; Henry Schein, Inc.; ICU Medical Inc.; Jones Medical Instrument Company; NUVOAIR U.S, INC. (NUVOAIR AB); Teleflex Incorporated; and VYAIRE MEDICAL, INC among others.
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