Latin America Spirometer Market Size & Outlook, 2022-2030
Latin America spirometer market, 2018-2030 (US$M)
Related Markets
Latin America spirometer market highlights
- The Latin America spirometer market generated a revenue of USD 63.5 million in 2022.
- The market is expected to grow at a CAGR of 9.4% from 2023 to 2030.
- In terms of segment, table top was the largest revenue generating type in 2022.
- Desktop is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 63.5 million |
| Market revenue in 2030 | USD 130.6 million |
| Growth rate | 9.4% (CAGR from 2022 to 2030) |
| Largest segment | Table top |
| Fastest growing segment | Desktop |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand Held, Table Top, Desktop |
| Key market players worldwide | Koninklijke Philips NV, SCHILLER, Smiths Group PLC, Welch Allyn, Vyaire Medical, SDI, NSPIRE Healthcare, Fukuda Electronics Corporation, Sibelmed, Vitalograph, Geratherm Respiratory |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global spirometer market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 521.4 million by 2030.
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Spirometer Market Scope
Spirometer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America spirometer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spirometer market will help companies and investors design strategic landscapes.
Table top was the largest segment with a revenue share of 43.62% in 2022. Horizon Databook has segmented the Latin America spirometer market based on hand held, table top, desktop covering the revenue growth of each sub-segment from 2018 to 2030.
According to recent population-based studies in several Latin American cities, the prevalence of COPD ranged between 6.2% and 19.6% in the population above 40 years of age. With increasing burden of obstructive lung diseases in this region, the demand for spirometer for early detection & management of these diseases is expected to increase in the coming years.
The American Thoracic Society established the “Methods in Clinical and Operational Research Program” in Latin America, which provides research and application to public health and care related to respiratory disease. Such initiatives are likely to increase market growth in the region.
Underutilization of spirometry in this region for reducing the burden of chronic obstructive lung diseases can be overcome by raising awareness about the importance spirometry and improving the availability of handheld, easy-to-use, portable devices.
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Target buyers of Latin America spirometer market databook
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Our clientele includes a mix of spirometer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America spirometer market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America spirometer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America spirometer market size, by country, 2018-2030 (US$M)
Latin America Spirometer Market Outlook Share, 2022 & 2030 (US$M)
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