Pulse Oximeters And Spirometers Market 2020 Growth, Competitive Landscape Outlook and COVID-19 Impact Analysis

Pulse Oximeters And Spirometers Market - By Product Type (Pulse Oximeters, Spirometers), Type Of Device (Handheld, Fingertip, Others), By Application (Diagnostic, Treatment Monitoring), By Patient Type (Asthma, COPD, Other General & Surgical Practice, Other Respiratory Diseases), By End-Use (Hospitals, Clinical Laboratories, Home Care), Market Size, Opportunities And Strategies - Global Forecast To 2030 By The Business Research Company

The global pulse oximeters and spirometers market reached a value of nearly $2,603.8 million in 2019, having grown at a compound annual growth rate (CAGR) of 7.5% since 2015, and is expected to grow at a CAGR of 10.9% to nearly $3,939.0 million by 2023. The market is expected to reach $4,563 million by 2025, and $6,607.4 million by 2030.

The Key drivers of the pulse oximeters and spirometers market include:-
The Rise in number of respiratory diseases drove the demand for pulse oximeters and spirometers market during the historic period. Spirometry is a recognized method of definitively diagnosing chronic obstructive pulmonary disease (COPD). Asthma and chronic obstructive pulmonary disease (COPD) are the most common chronic respiratory diseases globally. Number of patients with COPD rose due to several factors including increase in the population aged over 65 years of age, air pollution and high smoking prevalence. Smoking and air pollution damage the lungs, increasing the risk for COPD.

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Pulse Oximeters And Spirometers Market Segmentation:-
By Type
1. Pulse Oximeters
2. Spirometers

The pulse oximeters market was the largest segment of the pulse oximeters and spirometers market by product type, accounting for $1,848.3 million or 71.0% of the total market in 2019 and is expected to be the fastest-growing segment going forward at a CAGR of 11.1% during 2019-2023.

By End User
1. Hospitals
2. Clinical Laboratories
3. Home Care

The hospitals market was the largest segment of the pulse oximeters and spirometers market by end-use, accounting for $1,766.0 million or 67.8% of the total market in 2019. The home care market is expected to be the fastest-growing segment going forward at a CAGR of 10.93% during 2019-2023.

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By Geography - The pulse oximeters and spirometers market is segmented In to
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the pulse oximeters and spirometers market are
1. Masimo Corporation
2. Medtronic plc
3. Koninklijke Philips N.V.
4. Halma plc
5. Vyaire Medical

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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