Overview and Scope
Pulse oximeters, spirometers are used in the diagnosis of respiratory diseases. A pulse oximeter is a non-invasive medical device that is used to monitor the amount of oxygen carried by the body. A spirometer is an apparatus used to measure the volume of air inhaled and exhaled by the lungs and the rate of exhalation.
Sizing and Forecast
The pulse oximeters, spirometers market size has grown steadily in recent years. It will grow from $4.95 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 2.2%. The growth in the historic period can be attributed to healthcare diagnostics, hospital and clinical settings, home healthcare, technological advancements.
The pulse oximeters, spirometers market size is expected to see steady growth in the next few years. It will grow to $5.58 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The growth in the forecast period can be attributed to telemedicine and remote monitoring, chronic disease management, aging population, personalized medicine. Major trends in the forecast period include wearable pulse oximeters, telehealth integration, data connectivity, patient-centric care, advanced spirometry features, respiratory rehabilitation.
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Segmentation & Regional Insights
The pulse oximeters, spirometers market covered in this report is segmented –
1) By Product Type: Pulse Oximeters, Spirometers
3) By Application: Diagnostic, Treatment Monitoring
North America was the largest region in the pulse oximeters, spirometers market in 2023. Asia-Pacific was the second largest region in the pulse oximeters, spirometers market. The regions covered in the pulse oximeters, spirometers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
COVID-19 infection is a respiratory illness and therefore there is an increased demand for respiratory devices including pulse oximeters and spirometers. Oxygen therapy is a major intervention for patients with severe COVID-19 infection, and the healthcare providers need to ensure the availability of pulse oximeters and other medical oxygen systems. Pulse oximeters and spirometers are valuable tools in monitoring and managing COVID-19, helping to assess oxygen levels and lung function. For instance, in October 2023, according to the World Health Organization, a Switzerland-based agency of the United Nations responsible for international public health, there were 771,191,203 confirmed cases of COVID-19, with 6,961,014 reported deaths. The market for these devices is expected to surge as they contribute to the early detection and remote monitoring of patients.
Key Industry Players
Major companies operating in the pulse oximeters, spirometers market include Smiths Medical Inc., Koninklijke Philips N.V., Vyaire Medical Inc., Schiller AG, General Electric Company, Masimo Corporation, Medtronic plc, Opto Circuits (India) Ltd., Fukuda Denshi Co. Ltd., Hill-Rom Holdings Inc., MGC Diagnostics Corporation, Messe Düsseldorf GmbH, Omron Healthcare Inc., Nonin Medical Inc., Edwards Lifesciences Corporation, Drägerwerk AG & Co. KGaA, Spacelabs Healthcare Inc., Halma plc, SDI Diagnostics Inc., nSpire Health Inc., SIBELMED, Labtech Ltd., CareFusion Corporation, NDD Medical Technologies Inc., Vitalograph Ltd., COSMED srl, Philips Benelux, Contec Medical System Co. Ltd., Smiths Group plc, TytoCare Ltd.
The pulse oximeters, spirometers market report table of contents includes:
1. Executive Summary
2.Pulse Oximeters, Spirometers Market Characteristics
3.Pulse Oximeters, Spirometers Market Trends And Strategies
4.Pulse Oximeters, Spirometers Market analysis
5.Pulse Oximeters, Spirometers Market Size And Growth
6.Pulse Oximeters, Spirometers Segmentation
7.Pulse Oximeters, Spirometers Regional And Country Analysis
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27.Pulse Oximeters, Spirometers Competitive Landscape And Company Profiles
28.Pulse Oximeters, Spirometers Key Mergers And Acquisitions
29.Pulse Oximeters, Spirometers Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Smiths Medical Inc.
- Koninklijke Philips N.V.
- Vyaire Medical Inc.
- Schiller AG
- General Electric Company
- Masimo Corporation
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