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The pulse oximeters, spirometers market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 2%, as per The Business Research Company’s market report!

Read More On The Pulse Oximeters, Spirometers Market Report 2022 – https://www.thebusinessresearchcompany.com/report/pulse-oximeters-spirometers-global-market-report

The Pulse Oximeters, Spirometers Market Size In 2022 And Forecast
The global pulse oximeters, spirometers market grew from $4.69 billion in 2021 to $4.84 billion in 2022 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The pulse oximeters, spirometers market is expected to grow to $5.28 billion in 2026 at a CAGR of 2.2%.

The pulse oximeters and spirometers market consist of sales of pulse oximeters, spirometers that are used as respiratory care devices in the healthcare industry.

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Increase In The Incidence Of COPD Globally Is Driving The Growth Of The Pulse Oximeters, Spirometers Market
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% of adults smoke tobacco globally and 91% of the population reside in areas where air quality levels exceed WHO limits. Therefore, the increased prevalence of COPD among the population will increase the demand for medical equipment like pulse oximeters and spirometers for diagnosis and therapy maintenance, thus driving the market during the period.

Competitive Landscape And The Regional Analysis Of The Pulse Oximeters, Spirometers Market
Major players in the pulse oximeters, spirometers market are 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, and Hill-Rom Holdings, Inc.

Additionally, as per TBRC’s research – North America was the largest region in the pulse oximeters, spirometers market in 2021 holding the largest market share.

The Pulse Oximeters, Spirometers Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pulse oximeters, spirometers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the pulse oximeters, spirometers market.

Developing Smart And Wireless Oximeters And Spirometers – A Key Trend In The Pulse Oximeters, Spirometers Market
Companies in the pulse oximeters and spirometer market are increasingly focusing on developing smart and wireless oximeters and spirometers. The use of wireless technology in 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 smartphone or a wireless device through Bluetooth or cellular connection for data processing and then to display the results.

Pulse Oximeters, Spirometers Market Segmentation By The Business Research Company

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

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