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Global Pulse Oximeters, Spirometers Market Report 2021: Market will continue to decline until 2025 – Forecast to 2030

Dublin, June 01, 2021 (GLOBE NEWSWIRE) – The report “Pulse Oximeters, Spirometers Global Market Report 2021: COVID-19 Implications and Growth to 2030” has been added to the offering of ResearchAndMarkets.com. The major players in the Pulse Oximeters and Spirometers market are Smiths Medical Inc., Koninklijke Philips NV, Vyaire Medical, Schiller AG, General Electric Company, Masimo Corporation, Medtronic PLC and Opto Circuits Limited. The global pulse oximeters and spirometers market is expected to grow 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 companies stabilizing production after meeting demand which increased exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $ 4.56 billion in 2025 with a CAGR of -5.3%. Infection at -19 is a respiratory disease 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 healthcare providers should ensure the availability of pulse oximeters and other medical oxygen systems. The market for these devices is expected to rise as they contribute to the early detection and remote monitoring of patients, and the global lack of awareness of respiratory signs and symptoms has hampered the growth of the market. For example, in 2019, in a study in Ethiopia, it was found that COPD, which is a major respiratory disease, is neglected by the population in low-income countries and that its prevalence, signs and symptoms are unknown among them. Many patients with respiratory diseases like COPD are underdiagnosed, resulting in underreporting of the disease. 17.8% of the study population was diagnosed with COPD. Hence, the lack of awareness is negatively impacting the growth of Pulse Oximeters and Spirometers Market Companies in Pulse Oximeters and Spirometers Market are increasingly focusing on the development of Oximeters and Spirometers smart and wireless. The use of wireless technology in surveillance devices is all the rage nowadays, which improves its ease of use and data analysis. The integration of wireless technology allows data to be transferred from the device to a smartphone or wireless device via Bluetooth or a cellular connection for data processing and then display the results. The increasing incidence of chronic obstructive pulmonary disease (COPD) worldwide due to the increase in the population over 65 years of age, air pollution and the high prevalence of smoking is expected to contribute to the Pulse oximeters and spirometers market growth. There will be a five times higher risk of COPD in the population over 65 than in the population under 40. Smoking and air pollution damage the lungs, which increases the risk of COPD. Indoor air pollution increases the risk of COPD by 2.65% and smoking by 90%. In 2019, there were 703 million people aged 65 and over globally, and this number is expected to double in the coming decades. About 19% of adults worldwide smoke tobacco and 91% of the population resides in areas where air quality levels exceed WHO limits. Therefore, the increase in the prevalence of COPD among the population will increase the demand for medical equipments such as pulse oximeters and spirometers for diagnosis and therapeutic maintenance, thus boosting the market during the period. Pulse Oximeters and Spirometers Market Features 3. Pulse Oximeters and Spirometers Market Trends and Strategies 4. Impact of COVID-19 on Pulse Oximeters and Spirometers 5. Pulse Oximeters and Spirometers Market Size and Growth 5.1. Global Historical Pulse Oximeters and Spirometers Market, 2015-2020, Billion USD Market drivers 5.1.2. Constraints on the market 5.2. Global Pulse Oximeters and Spirometers Forecast Market, 2020-2025F, 2030F, Billion USD Market Drivers 5.2.2. Market restrictions 6. Pulse Oximeters and Spirometers Market Segmentation 6.1. Global Pulse Oximeters and Spirometers Market, Segmentation by Product Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion Dollar Pulse Oximeters Market, Global Pulse Oximeters and Spirometers Market, Segmentation by Use final, history and forecast, 2015-2020, 2020-2025F, 2030F, billion dollars Hospitals Home care parameters Clinical laboratories Industrial parameters 6.3. Global Pulse Oximeters and Spirometers Market, Segmentation by Application, History and Forecast, 2015-2020, 2020-2025F, 2030F, Diagnostic Treatment Monitoring in USD Billion 7. Regional and Country Analysis of Pulse Oximeters and Spirometers Market Global Pulse Oximeters and Spirometers Market, split by region, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion Global Pulse Oximeters and Spirometers market, split by country, history and forecast, 2015-2020, 2020-2025F, 2030F, billions of dollars of companies mentioned Smiths Medical Inc.Koninklijke Philips NVVyaire MedicalSchiller AGGeneral Electric CompanyMasimo CorporationMedtronic PLCOpto Circuits LimitedFukuda Sangyo Co.Ltd Hill-Rom Holdings, Inc.MGC Diagnostics CorporationMesse Dusseldorf GmbHOmron Healthcare Inc .Nonin Medical, Inc Edwards Lifesciences CorporationDragerwerk AG & Co. KGaASpacelabs Healthcare Inc.Halma PLCSDI Diagn ostics IncnSpire Health, IncSIBELMEDLabtech Ltd.Carefusion CorporationNDD Medical Technologies, Inc.VitalographCOSMED Conluxs Ltd.BVitalographCOSMED Conluxs Ltd. Smiths Group plc For more information on this report visit https://www.researchandmarkets.com/r/r73a13 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For office hours EST, call 1-917-300-0470 For US / CAN, call toll free 1-800-526-8630 for GMT C office hours all + 353-1-416-8900



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