Global Spirometer Market - Regional Analysis
Among region, North America is estimated to hold a dominant position in the global spirometer market over the forecast period. North America is estimated to hold 35.4% of the market share in 2023. The North America spirometer market is expected to witness significant growth in the near future due to increased inorganic growth activities, such as acquisitions and partnership, of the market players in the region. For instance, in November 2022, CAIRE Inc., a U.S.-based manufacturer of respiratory devices, announced the acquisition of MGC Diagnostics Holdings, Inc., a company that develops non-invasive diagnostic systems for detecting and managing cardiorespiratory diseases. With this acquisition, CAIRE Inc. expands its portfolio with pulmonary function testing systems, cardiopulmonary exercise systems, spirometers, flow sensors, gas analyzers, and associated consumables. Such acquisitions and consequent portfolio expansions are expected to encourage the growth of the North America spirometer market.
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