According to a recent report by Emergen Research, the market for pulse oximeters will likely reach USD 3,534.4 billion by 2027. Sales of pulse oximeters are expected to increase during the forecast period due to growing public awareness of the severity and incidence of neonatal conditions as well as patient monitoring. The market for pulse oximeters is expected to rise as more people develop conditions like hypertension, asthma, chronic obstructive pulmonary disease (COPD), diabetes, sleep apnea, and cardiac arrhythmia.
The report analyzes the leading players The report analyzes the leading players of the global Pulse Oximeter market drivers and restraints market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Pulse Oximeter market drivers and restraints market.
In addition, the novel coronavirus outbreak has prompted regular checks on the respiratory health of infected patients. Pulse oximeters with artificial intelligence built in are expected to see an increase in demand.
Additional factors that contribute to the growth of the pulse oximeter market include the rise in the number of geriatrics, which causes a variety of ailments, and the rise in the prevalence of breathing disorders. Additionally, it is anticipated that technological advancements in pulse oximeters would create a number of market opportunities.
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Key market companies studied and profiled for this research include GE Healthcare, Philips Healthcare, Medtronic, CAS Medical Systems, Masimo, Nonin Medical, Smiths Medical, Welch Allyn, Spacelabs Healthcare and Meditech Equipment among other companies.
Some Key Highlights from the Report
Hand-held oximeters have an easy-to-replace probe, making them more effective and advanced than other related devices. Due to these advantageous characteristics, the hand-held products segment has the greatest market share (56.7%) in 2019 and is predicted to develop profitably during the projection period.
In July 2020, Protonic Medical Systems released the POM-600 pulse oximeter, which is also approved with the CE mark and used to measure the amount of oxygen transported by the body.
The reusable oximeters market share is around 56.7% in 2019 and is projected to increase significantly over the next five years due to practical characteristics like continuous monitoring and quick detection of oxygen levels in the body.
The US Food and Drug Administration approved Masimo's Neonatal RD Set Pulse Oximetry Sensors in December 2019. (FDA). Improved oxygen saturation (SpO2) accuracy standards for neonatal infants were the sole reason for receiving the approval.
The pulse oximeter market in North America has the greatest market share in 2019, primarily because of the rising prevalence of target diseases and technological developments in oximeters, among other favourable circumstances.
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Emergen Research have segmented the global Pulse Oximeter Market on the basis of product, sensor type, end-uses, and region:
Product Outlook (Revenue in Million USD; 2017–2027)
- Hand-held
- Fingertip
- Tabletop
- Wrist-worn
- Other
Sensor Type Outlook (Revenue in Million USD; 2017–2027)
- Reusable
- Disposable
End User Outlook (Revenue in Million USD; 2017–2027)
- Hospitals
- Healthcare Diagnostic Centers
- Home Care
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- US.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
- Brazil
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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