Pulse Oximeters, Spirometers Global Market Report 2024

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 observed during the historical period can be attributed to several factors, including the increasing demand for healthcare diagnostics, the use of these devices in hospital and clinical settings, the expansion of home healthcare, and ongoing technological advancements in pulse oximeters and spirometers.

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 anticipated growth in the forecast period can be attributed to various factors, including the integration of telemedicine and remote monitoring, the need for effective chronic disease management, the growing aging population, and the increasing adoption of personalized medicine approaches. Prominent trends in this forecast period include the development of wearable pulse oximeters, the integration of telehealth solutions, enhanced data connectivity, the promotion of patient-centric care models, the incorporation of advanced spirometry features, and the emphasis on respiratory rehabilitation for improved patient outcomes.

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 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 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 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.

The significant obstacle to market growth is the lack of awareness among the global population regarding respiratory signs and symptoms. For instance, a research study published in npj Primary Care Respiratory Medicine found that COPD awareness among respondents in India was less than 1%. This lack of awareness negatively affects the pulse oximeters and spirometers market.

Major companies in the pulse oximeters and spirometers market are increasingly focusing on developing smart and wireless devices. The integration of wireless technology allows these devices to transfer data to smartphones or other wireless devices through Bluetooth or cellular connections for efficient data processing and result display. For instance, in November 2021, Cipla Ltd., an India-based pharmaceutical company, introduced Spirofy, a portable and wireless spirometer. Spirofy offers precise results and patient safety through the use of bacterial viral filters (BVF). This wireless technology provides greater flexibility and convenience for healthcare professionals, making it ideal for outdoor camps and regions with power limitations.

Major companies in the pulse oximeters and spirometers market are concentrating on developing simultaneous monitoring oximeters. These devices can measure both oxygen saturation and pulse rate simultaneously, providing a comprehensive view of a patient's health status. For instance, in November 2021, Masimo Corporation, a US-based medical technology company, launched Dual SET Pulse Oximetry for its Roo patient monitoring and connectivity hub. This innovation enables healthcare professionals to monitor various measurements alongside dual oximetry, streamlining the screening process for critical congenital heart disease (CCHD) and improving clinical workflows for the benefit of both patients and healthcare providers.

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.

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

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.


This product will be delivered within 3-5 business days.