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Pulse Oximeter Market: Business Expansion Strategies, Growth Dynamics, Opportunities and Challenges Forecast to 2027

10.17.2022 · Posted in Other A&E Article

As per UnivDatos Market Insights, Pulse Oximeter Market was valued at US$ 4.5 billion in 2020 and is expected to grow at a CAGR of 2% over the forecast period (2021-2027).

The surge in the Pulse Oximeter Market due to the rising incidence of respiratory diseases such as Asthma, COPD, and COVID-19 cases, the rise in initiatives taken by the Government, the high use of pulse oximeter for anesthesia during surgery, the advancements in Artificial intelligence, increase in mobile-based platforms, increase in the use of wearable devices, advancements in the microprocessor technology, advancement in the photoelectric sensors, rise in the number of product launches. Pollution is the major cause of diseases related to respiration which leads to the high use of pulse oximeter for the monitoring of these disorders. As per Statista (2019), exposure to air pollutants resulted in more than two million deaths in different regions, with high death rates in China and India.

For a Sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=6882

The report Pulse Oximeter Market: Current Analysis and Forecast (2020-2027)by UnivDatos Market Insights deliver a comprehensive analysis of the therapeutic devices, monitoring devices, diagnostic devices, Indication, End-user, and Region.

Pulse Oximeter Market Segmentation

By Product Type:

•       Fingertip

•       Table-top

•       Wrist-worn

•       Hand-held

By Sensor Type:

•       Reusable

•       Disposable

By Patient Type:

•       Neonatal

•       Pediatric

•       Adult

By End-user:

•       Hospitals

•       Clinics & Healthcare Facilities

•       Home Care

•       Diagnostic Centers

By Region:

  • North America
  • United States
  • Canada
  • Rest of North America
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
  • Rest of World

Based on Product Type, the market is fragmented into Fingertip, Table-top, Wrist-worn, and Hand-held. The fingertip pulse oximeter is a device that is attached painlessly to the tip of a finger and sends two wavelengths of lights for the measurement of oxygen saturation and pulse rate in the body. The fingertip pulse oximeter is expected to record the highest growth in the upcoming years owing to its low cost, high accuracy, and efficacy. The rising incidents of COPD and Asthma propels the fingertip pulse oximeter market growth. As per the Global Burden of Disease, 12.7 million people in the UK are suffering from respiratory disease. Also, 1 in 5 people in the UK has a history of asthma or COPD. 

For a Sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=6882

Based on End-user, the market is fragmented into Hospitals, Clinics & Healthcare Facilities, Home Care, and Diagnostic Centers. The Hospital sub-segment is expected to record the highest growth in the upcoming years owing to the high use and adoption of the pulse oximeter. Today, the COVID-19 pandemic has led to the high demand for oxygen administration as supportive management. As per the Pan American Health Organization, 75% of all hospitalized patients require supplemental oxygen treatment.

Additionally, this report also provides insights into the Pulse Oximeter market according to the regions such as North America, Europe, Asia-pacific, and the rest of the world. North America dominated the market and is expected to witness the rise in the number of new and advanced technology product launches. Moreover, the rising incidents of respiratory chronic diseases in the US region also propels the market growth.

Detailed analysis of key driver of Pulse Oximeter Market browses through – https://univdatos.com/report/pulse-oximeter-market/

Key players

The market is highly fragmented due to the presence of different large, small, and medium-scale players. The market for Pulse Oximeter is highly competitive. Some of the key players that hold major market share include companies are:

•    Medtronic (Covidien)

•    Carefusion Corp.

•    GE Healthcare

•    Philips Healthcare

•    Masimo

•    CAS Medical Systems, Inc.

•    Opto Circuits India Ltd.

•    Nonin Medical, Inc.

•    Smiths Medical

•    Welch Allyn

•    Spacelabs Healthcare

Companies are focused on launching new oximeter owing to the robust rise in the COVID-19 cases. For instance, Masimo launched an iSpO2 pulse oximeter app for the tracking of blood oxygenation levels, pulse rate, as well as perfusion index in 2021.

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