Pulse Oximeters and Spirometers Market:
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Executive Summary
The global pulse oximeters and spirometers market is expected to grow from $2.6 billion in 2019 to about $6.5 billion in 2020 due to an increase in demand for such respiratory function monitoring equipment for Covid-19 patients. The market is expected to stabilize and reach $3.9 billion at a CAGR of 10.7% through 2023.
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. The market for these devices is expected to surge as they contribute to the early detection and remote monitoring of patients.
The pulse oximeters and spirometers market consist of sales of pulse oximeters, spirometers that are used as respiratory care devices in healthcare industry. The market includes the sales of handheld, tabletop or fingertip pulse oximeters that are used to monitor the oxygen saturation levels of blood and pulse rate, and handheld, desktop or tabletop spirometers that are used to measure the air capacity of lungs. The pulse oximeters and spirometer companies are primarily engaged in the manufacturing and developing of these devices used to monitor the respiration-related parameters that aid in detection of respiratory disorders.
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North America was the largest region in the pulse oximeters and spirometers market in 2019.
The pulse oximeters and spirometers market covered in this report is segmented by product type into pulse oximeters, spirometers. It is also segmented by end use into hospitals, home care settings, clinical laboratories, industrial settings and by application into diagnostic, treatment monitoring.
In August 2018, Royal Philips, a Netherlands-based health technology company that develops diagnostic imaging, image-guided therapy, patient monitoring and health informatics as well as focuses on home care and consumer health acquired Xhale Assurance Inc. for an undisclosed amount. The deal will broaden and differentiate Philips oxygen saturation monitoring solutions and will currently make the company a key clinical player. Xhale Assurance Inc. is a US-based company which develops and commercializes next generation sensor technologies in patient monitoring devices like pulse oximetry.
Lack of awareness among the global population about the respiratory signs and symptoms has hindered the growth of the market in the historic period. For instance, in 2018, a survey conducted in Danish general population found that 28% of the test population did not even consider COPD as a serious condition. 13% smokers and 15.5% of never smokers did not know about the signs and symptoms of the disease. In 2019, in another study in Ethiopia, it was found that COPD which is a major respiratory disease is neglected by the population of low-income countries and its prevalence, signs and symptoms are unknown among them. Many patients with respiratory diseases like COPD are under-diagnosed leading to under-reporting of the disease. 17.8% of the study population were diagnosed with COPD. Lack of awareness has a negative impact on the pulse oximeters and spirometers market growth.
Companies in the pulse oximeters and spirometer market are increasingly focusing on developing smart and wireless oximeters and spirometers. Use of wireless technology in the monitoring devices is trending nowadays, which enhances its ease of usage and data analysis. The integration of wireless technology allows the transfer of data from the device to a smart phone or a wireless device through Bluetooth or cellular connection for data processing and then to display the results. In 2018, FDA approved Masimo MightySat Rx Fingertip Pulse Oximeter by Masimo Corporation, Smart One by MIR and in 2019, Loop system by Spry Health, Inc., B.O.L.T. by American Megatrends India Private Limited, etc., which are used to monitor vital parameters and respiratory parameters. The intermittent data collected by the Loop System is transferred to the clinician by web server, data communication by Smart One and Masimo MightySat Rx Fingertip Pulse Oximeter are done through Bluetooth pairing and B.O.L.T. is operated by a connection with Bluetooth enabled smart devices.
Increasing incidence of Chronic Obtrusive Pulmonary Disease (COPD) globally due to increase in aged population over 65 years of age, air pollution and high smoking prevalence will contribute to the market growth. There will be a five-fold increased risk for COPD among population over 65 years than the population below 40 years. Smoking and air pollution damage the lungs, which increases the risk for COPD. Indoor air pollution increases the risk of COPD by 2.65% and smoking by 90%. In 2019, globally there were 703 million persons aged 65 years or over and it is expected to double in the forthcoming decades. Around 19% adults smoke tobacco globally and 91% of the population reside in the areas where air quality levels exceeds WHO limits. Increased prevalence of COPD among the population will increase the demand for the medical equipment like pulse oximeters and spirometers for diagnosis and therapy maintenance.
Major players in the pulse oximeters and spirometers market are Smiths Medical Inc., Koninklijke Philips N.V., Vyaire Medical, Schiller AG, General Electric Company, Masimo Corporation, Medtronic PLC, and Opto Circuits Limited.
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The Business Research Company published its Pulse Oximeters And Spirometers Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Pulse Oximeters And Spirometers market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the pulse oximeters and spirometers market’s segments- by product type: pulse oximeters, spirometers, by end use: hospitals, home care settings, clinical laboratories, industrial settings, and by application: diagnostic, treatment monitoring.View Complete Report:https://www.thebusinessresearchcompany.com/report/pulse-oximeters-and-spirometers-market-global-report-2020-2030-covid-19-implications-and-growthPulse Oximeters And Spirometers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global pulse oximeters and spirometers market is expected to grow from $2.6 billion in 2019 to about $6.5 billion in 2020 due to an increase in demand for such respiratory function monitoring equipment for COVID-19 patients.
The market is expected to stabilize and reach $3.9 billion at a CAGR of 10.7% through 2023.Companies in the pulse oximeters and spirometers market are increasingly focusing on developing smart and wireless oximeters and spirometers.
Use of wireless technology in the monitoring devices is trending nowadays, which enhances ease of usage and data analysis.
TheBusinessResearchCompany published its Pulse Oximeters and Spirometers Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global pulse oximeters and spirometers market.
The report covers the pulse oximeters and spirometers market’s segments- by product type: pulse oximeters; spirometers, by end use: hospitals; home care settings; clinical laboratories; industrial settings, and by application: diagnostic; treatment monitoring.Explore Complete Report https://www.thebusinessresearchcompany.com/report/pulse-oximeters-and-spirometers-market-global-report-2020-2030-covid-19-implications-and-growthPulse Oximeters and Spirometers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Companies in the pulse oximeters and spirometer market are increasingly focusing on developing smart and wireless oximeters and spirometers.
The integration of wireless technology allows the transfer of data from the device to a smart phone or a wireless device through Bluetooth or cellular connection for data processing and then to display the results.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2843=smpChapters from Table of Content:Chapter 1.
The Business Research Company’s latest report Pulse Oximeters And Spirometers Global Market Report 2020 covers Pulse Oximeters And Spirometers market drivers, Pulse Oximeters And Spirometers market trends, Pulse Oximeters And Spirometers market segments, Pulse Oximeters And Spirometers market growth rate, Pulse Oximeters And Spirometers market major players, and Pulse Oximeters And Spirometers market size.
The report provides in-depth analysis of the impact of COVID-19 on the Pulse Oximeters And Spirometers industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/pulse-oximeters-and-spirometers-market-global-report-2020-2030-covid-19-implications-and-growth Pulse Oximeters And Spirometers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2843=smpThe global pulse oximeters and spirometers market is expected to grow from $2.6 billion in 2019 to about $6.5 billion in 2020 due to an increase in demand for such respiratory function monitoring equipment for COVID-19 patients.
The market is expected to stabilize and reach $3.9 billion at a CAGR of 10.7% through 2023.The report covers the Pulse Oximeters And Spirometers market’s segments-1) By Product Type: Pulse Oximeters, Spirometers2) By End Use: Hospitals, Home Care Settings, Clinical Laboratories, Industrial Settings3) By Application: Diagnostic, Treatment Monitoring.About The Business Research Company: The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research.
Pulse Oximeters, Spirometers Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the pulse oximeters, spirometers industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected pulse oximeters, spirometers market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/pulse-oximeters-spirometers-global-market-reportThe Pulse Oximeters, Spirometers Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global pulse oximeters, spirometers market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Pulse Oximeters, Spirometers Global Market Report 2021 covers pulse oximeters, spirometers market drivers, pulse oximeters, spirometers market trends, pulse oximeters, spirometers market growth rate, pulse oximeters, spirometers market major players, player-adopted strategies in the market, and pulse oximeters, spirometers market size.The global pulse oximeters, spirometers market is expected to decline from $6.51 billion in 2020 to $5.68 billion in 2021 at a compound annual growth rate (CAGR) of -12.7%.
The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020.
The market is expected to reach $4.56 billion in 2025 at a CAGR of -5.3%.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=3791=smpThe report covers the pulse oximeters, spirometers market segments-1) By Product Type: Pulse Oximeters, Spirometers2) By End Use: Hospitals, Home Care Settings, Clinical Laboratories, Industrial Settings3) By Application: Diagnostic, Treatment MonitoringAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
