What is the current market size and future outlook for the pulse oximeters, spirometers market?
The pulse oximeters, spirometers market size has grown strongly in recent years. It will grow from $4.12 billion in 2024 to $4.4 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. 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 strong growth in the next few years. It will grow to $6.12 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. 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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How has the pulse oximeters, spirometers market evolved, and what factors have shaped its 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.
What are the major segments of the pulse oximeters, spirometers market?
The pulse oximeters, spirometers market covered in this report is segmented –
1) By Product Type: Pulse Oximeters, Spirometers
3) By Application: Diagnostic, Treatment Monitoring
Subsegments:
1) By Pulse Oximeters: Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Wrist-Worn Pulse Oximeters, Tabletop Pulse Oximeters, Pediatric Pulse Oximeters, Multiparameter Oximeters
2) By Spirometers: Desktop Spirometers, Portable Spirometers, Handheld Spirometers, Tabletop Spirometers
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Which companies dominate the pulse oximeters, spirometers market?
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.
How will industry trends affect the trajectory of the pulse oximeters, spirometers market?
Companies in the pulse oximeters, spirometer market are increasingly focusing on developing smart and wireless oximeters and spirometers. The use of wireless technology in 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 smartphone or a wireless device through Bluetooth or cellular connection for data processing and then to display the results. Cipla Ltd., an India-based pharmaceutical company, introduced Spirofy, a portable and wireless spirometer, on World COPD Day. Cipla’s Spirofy guarantees precise results and ensures individual patient safety through the use of bacterial viral filters (BVF). Spirofy is entirely wireless and offers reliable battery backup, making it ideal for outdoor camps, remote regions with power limitations, and providing physicians with enhanced flexibility and convenience.
Which geographic trends are shaping the pulse oximeters, spirometers market, and which region has the highest market share?
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
What Does The Pulse Oximeters, Spirometers Market Report 2025 Offer?
The pulse oximeters, spirometers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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