Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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..
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.
Please Choose One of them.