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Pulse Oximeters Market (Type - Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, and Other Pulse Oximeters; End-user - Hospitals and Other Healthcare Facilities, and Homecare): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : May, 2021

  • Rep Id : HC0255

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on pulse oximeters market provides in-depth analysis of segments and sub-segments in the global as well as regional pulse oximeters market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pulse oximeters market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global pulse oximeters market. According to the report, the global market for pulse oximeters was worth USD 2.1 billion in 2020 and is expected to reach over USD 3 billion by 2026 growing with a CAGR of 6.65% over 2020-2026.

 

Market Insight

Pulse oximeters are small, portable, and lightweight devices that can be painlessly attached to the fingertips to monitor and analyze the amount of peripheral oxygen saturated in the body. These devices continuously monitor the pulse rate and blood oxygen saturation and provide doctors with an indication of the patient’s cardio-respiratory status. Once the oximeter finishes its valuation, the percentage of oxygen in the blood flowing from the heart and pulse rate is displayed on the screen of the device. This device measures the distribution of oxygen in the body parts from the heart to the arms and the legs. A pulse oximeter is now widely used by doctors in the Covid-19 pandemic situation to detect hypoxemia or low-level oxygen, which are the first symptoms of COVID-19 infection.

 

The rising prevalence of chronic diseases such as cardiovascular diseases, cancer, and COPD is the major driving factor for the growth of the pulse oximeter market. Moreover, a rapidly rising aging population and their increasing vulnerabilities coupled with the rising income levels are increasing the number of hospitalization and thereby the demand for monitoring equipment such as pulse oximeter. As the percentage of the aging patient population has risen, the percentage of people demanding home care has also grown considerably. However, the lack of proper medical facilities in developing regions acts as a barrier to the growth of the pulse oximeter market. Nonetheless, the launch of highly advanced all-day wearable pulse oximeters will hold great promises for the market players as wearable health monitoring systems are increasingly gaining recognition.

 

Based on geography, the market is analyzed across North America, Europe, Asia Pacific, and RoW. Among all the regions, North America holds the highest market share and it is expected to continue its stronghold for a few more years owing to the growing awareness among the common population regarding the importance of monitoring respiratory vitals. On the other hand, Asia Pacific is expected to grow with the highest CAGR over the forecast period due to its high population base, high disposable incomes, and growth in patient awareness about advanced pulse oximeters.


Pulse Oximeters Market

 

Segment Covered

The report on global pulse oximeters market covers segments such as type, and end-user. On the basis of type, the sub-markets include fingertip pulse oximeters, hand-held pulse oximeters, and other pulse oximeters. On the basis of end-user, the sub-markets include hospitals and other healthcare facilities, and homecare.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Nihon Kohden Corporation, Medtronic Plc, Smiths Medical, Nonin, Meditech Equipment Co, Ltd., GE Healthcare, Masimo Corporation, Contec Medical Systems Co., Ltd., Spacelabs Healthcare, and Koninklijke Philips N.V..

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pulse oximeters market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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