PUBLISHER: The Business Research Company | PRODUCT CODE: 1713464
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713464
Pulse oximeters and spirometers are vital tools in the diagnosis and management of respiratory diseases. A pulse oximeter is a non-invasive medical device employed to monitor the oxygen levels carried in the body, while a spirometer is an apparatus used to measure lung capacity and the rate of exhalation.
The primary categories of these devices are pulse oximeters and spirometers. Pulse oximeters are designed to measure blood oxygen saturation levels and pulse rate. They find applications across a range of healthcare settings, including hospitals, home care environments, clinical laboratories, and industrial settings. They are utilized for diagnostic purposes and for monitoring patients during treatment.
The pulse oximeters, spirometers market research report is one of a series of new reports from The Business Research Company that provides pulse oximeters, spirometers market statistics, including pulse oximeters, spirometers industry global market size, regional shares, competitors with a pulse oximeters, spirometers market share, detailed pulse oximeters, spirometers market segments, market trends and opportunities, and any further data you may need to thrive in the pulse oximeters, spirometers industry. This pulse oximeters, spirometers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
The demand for respiratory devices, including pulse oximeters and spirometers, has surged due to the COVID-19 pandemic. As COVID-19 primarily affects the respiratory system, healthcare providers require an increased supply of these devices to monitor and manage patients effectively. Pulse oximeters and spirometers play a vital role in assessing oxygen levels and lung function, aiding in the early detection and remote monitoring of COVID-19 patients. For example, as of October 2023, the World Health Organization reported 771,191,203 confirmed COVID-19 cases with 6,961,014 reported deaths, highlighting the importance of these devices in the ongoing pandemic.
The global rise in chronic obstructive pulmonary disease (COPD) cases is another factor contributing to the growing demand for pulse oximeters and spirometers. Factors such as an aging population, increased air pollution, and a high prevalence of smoking have led to a five-fold higher risk of COPD among individuals over 65 years of age compared to those under 40. Smoking and exposure to air pollution are significant contributors to lung damage and COPD. In a report by the Forum of International Respiratory Societies (FIRS), approximately 200 million people worldwide suffered from COPD in 2022, resulting in an estimated 3.2 million annual deaths. This increased prevalence of COPD is expected to drive the demand for medical equipment like pulse oximeters and spirometers for diagnosis and therapy, consequently fueling the market's growth.
Leading companies in the pulse oximeters and spirometers market are developing cellular-connected pulse oximeters to facilitate real-time monitoring, improve patient management through remote healthcare solutions, and enhance the accuracy and accessibility of oxygen level tracking for patients with respiratory conditions. Cellular-connected pulse oximeters are devices that feature cellular connectivity, enabling them to transmit real-time data on blood oxygen levels (SpO2) and heart rate to healthcare providers or remote monitoring platforms. For example, in August 2024, Prevounce Health, a US-based wellness and fitness services company, launched the Pylo OX1-LTE, a cellular-connected pulse oximeter designed for remote patient monitoring (RPM). It provides precise SpO2 readings and pulse rates, with an accuracy of +-2% for SpO2 and +-2 bpm for pulse rates. The device is easy to use, featuring a bright OLED screen and requiring no setup. It supports multiple cellular networks, ensuring dependable data transmission even in low-signal areas. The Pylo OX1-LTE integrates with Prevounce's RPM platform and is compatible with third-party health software through the Pylo cloud API.
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 Dusseldorf GmbH, Omron Healthcare Inc., Nonin Medical Inc., Edwards Lifesciences Corporation, Dragerwerk 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.
North America was the largest region in the pulse oximeters, spirometers market in 2024. 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
The countries covered in the pulse oximeters, spirometers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The pulse oximeters, spirometers market consists of sales of handheld, fingertip, and other pulse oximeters, spirometers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pulse Oximeters, Spirometers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pulse oximeters, spirometers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pulse oximeters, spirometers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pulse oximeters, spirometers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.