Pulse Oximeters and Spirometers Global Market Report 2020-30: Covid 19 Implications and Growth

Region:Global

Author(s):

Product Code:7632

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Published on

April 2020

Total pages

200

Table of Content

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About the Report

About the Report

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.
 
The global pulse oximeters and spirometers market is expected to grow from USD 2.6 billion in 2019 to about USD 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 USD 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.
 
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.
 
 
 

Products

Products

1) By Product Type: Pulse Oximeters; Spirometers; 2) By End Use: Hospitals; Home Care Settings; Clinical Laboratories; Industrial settings; 3) By Application: Diagnostic; Treatment Monitoring


Companies

Smiths Medical Inc.; Koninklijke Philips N.V.; Vyaire Medical; Schiller AG; General Electric Company; Masimo Corporation; Medtronic PLC; Opto Circuits Limited; Fukuda Sangyo 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; COSMED srl; Philips Benelux; Contec Medical System Co. Ltd; B Smiths Group plc.

Table of Contents

Table of Contents

1. Executive Summary

2. Pulse Oximeters and Spirometers Market Characteristics

3. Pulse Oximeters and Spirometers Market Size And Growth

3.1. Global Pulse Oximeters and Spirometers Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Pulse Oximeters and Spirometers Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Pulse Oximeters and Spirometers Market Segmentation

4.1. Global Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Pulse Oximeters

Spirometers

4.2. Global Pulse Oximeters and Spirometers Market, Segmentation By End Use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Hospitals

Home Care Settings

Clinical Laboratories

Industrial settings

4.3. Global Pulse Oximeters and Spirometers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Diagnostic

Treatment Monitoring

5. Pulse Oximeters and Spirometers Market Regional And Country Analysis

5.1. Global Pulse Oximeters and Spirometers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Pulse Oximeters and Spirometers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Pulse Oximeters and Spirometers Market

6.1. Asia-Pacific Pulse Oximeters and Spirometers Market Overview

6.2. Asia-Pacific Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Pulse Oximeters and Spirometers Market

7.1. China Pulse Oximeters and Spirometers Market Overview

7.2. China Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Pulse Oximeters and Spirometers Market

8.1. India Pulse Oximeters and Spirometers Market Overview

8.2. India Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Pulse Oximeters and Spirometers Market

9.1. Japan Pulse Oximeters and Spirometers Market Overview

9.2. Japan Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Pulse Oximeters and Spirometers Market

10.1. Australia Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Pulse Oximeters and Spirometers Market

11.1. Indonesia Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Pulse Oximeters and Spirometers Market

12.1. South Korea Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Pulse Oximeters and Spirometers Market

13.1. Western Europe Pulse Oximeters and Spirometers Market Overview

13.2. Western Europe Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Pulse Oximeters and Spirometers Market

14.1. UK Pulse Oximeters and Spirometers Market Overview

14.2. UK Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Pulse Oximeters and Spirometers Market

15.1. Germany Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Pulse Oximeters and Spirometers Market

16.1. France Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Pulse Oximeters and Spirometers Market

17.1. Eastern Europe Pulse Oximeters and Spirometers Market Overview

17.2. Eastern Europe Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Pulse Oximeters and Spirometers Market

18.1. Russia Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Pulse Oximeters and Spirometers Market

19.1. North America Pulse Oximeters and Spirometers Market Overview

19.2. North America Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Pulse Oximeters and Spirometers Market

20.1. USA Pulse Oximeters and Spirometers Market Overview

20.2. USA Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Pulse Oximeters and Spirometers Market

21.1. South America Pulse Oximeters and Spirometers Market Overview

21.2. South America Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Pulse Oximeters and Spirometers Market

22.1. Brazil Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Pulse Oximeters and Spirometers Market

23.1. Middle East Pulse Oximeters and Spirometers Market Overview

23.2. Middle East Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Pulse Oximeters and Spirometers Market

24.1. Africa Pulse Oximeters and Spirometers Market Overview

24.2. Africa Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Pulse Oximeters and Spirometers Market Competitive Landscape And Company Profiles

25.1. Pulse Oximeters and Spirometers Market Competitive Landscape

25.2. Pulse Oximeters and Spirometers Market Company Profiles

25.2.1. Smiths Medical Inc.

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Koninklijke Philips N.V.

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Vyaire Medical

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Schiller AG

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. General Electric Company

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Pulse Oximeters and Spirometers Market

27. Pulse Oximeters and Spirometers Market Trends And Strategies

28. Pulse Oximeters and Spirometers Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Pulse Oximeters and Spirometers Market, Segmentation By End Use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Pulse Oximeters and Spirometers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Pulse Oximeters and Spirometers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Global Pulse Oximeters and Spirometers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: Asia-Pacific, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: China, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: India, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Japan, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Australia, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Indonesia, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: South Korea, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: Western Europe, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: UK, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: Germany, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: France, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Eastern Europe, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: Russia, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: North America, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: USA, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: South America, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Brazil, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Middle East, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Africa, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 27: Smiths Medical Inc. Financial Performance

Figure 28: Koninklijke Philips N.V. Financial Performance

Figure 29: Vyaire Medical Financial Performance

Figure 30: Schiller AG Financial Performance

Figure 31: General Electric Company Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Pulse Oximeters and Spirometers Market, Segmentation By End Use, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Pulse Oximeters and Spirometers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Pulse Oximeters and Spirometers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Global Pulse Oximeters and Spirometers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: Asia-Pacific, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: China, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: India, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Japan, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Australia, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Indonesia, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: South Korea, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: Western Europe, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: UK, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: Germany, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: France, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Eastern Europe, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: Russia, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: North America, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: USA, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: South America, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Brazil, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Middle East, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Africa, Pulse Oximeters and Spirometers Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 27: Smiths Medical Inc. Financial Performance

Table 28: Koninklijke Philips N.V. Financial Performance

Table 29: Vyaire Medical Financial Performance

Table 30: Schiller AG Financial Performance

Table 31: General Electric Company Financial Performance

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