The global pulse oximeters market size is expected to reach
USD 2.8 billion by 2025, based on a new report by Grand View Research, Inc. It
is anticipated to expand at a CAGR of 6.3% during the forecast period. The
growth can be attributed to high prevalence of target diseases, such as Chronic
Obstructive Pulmonary Disease (COPD), sleep apnea, cardiac arrhythmia, and
ischemic conditions. Pulse oximetry is mandatory for newborn screening in
almost 43 states in the U.S. It is also gaining roots in other parts of the
world as it helps in detection of Congenital Heart Defect (CHD).
Technological advancements in pulse oximeters
to make the devices more efficient and user-friendly can boost the demand. For
instance, in August 2015, Nonin Medical, Inc. launched NoninConnect Model 3230,
a wireless fingertip oximeter that can be operated via Bluetooth. The product
has low power usage and was intended for the identification of early
intervention patients with respiratory conditions, such as COPD.
Asia Pacific is anticipated to register the
fastest growth over the forthcoming years. Increasing investments from industry
players is the key driver for the regional growth. In January 2017, Masimo
launched two patient monitoring products in India, namely, Rad-97 Pulse-CO
Oximeter and SedLine Brain Function Monitoring. These products are expected to
improve the patient monitoring capabilities of clinicians in the region.
Product innovation and R&D are some of the
major strategies adopted by the key companies operating in the market for pulse
oximeters. For instance, in September 2018, Masimo announced the FDA approval
of rainbow Acoustic Monitoring RAS-45 Sensor, a noninvasive respiration rate
measurement system for infant and neonatal patients. In July 2018, the company
launched the Vital Signs Check Application— a comprehensive patient data
collection application for the Masimo Root patient connectivity and monitoring
platform.
Browse full research report on Pulse
Oximeters Market:
https://www.grandviewresearch.com/industry-analysis/pulse-oximeter-market
Further key
findings from the study suggest:
- Handheld segment led the market in 2018,
attributed to the rising number of surgeries and emphasis on patient
safety during anesthesia. These devices are preferred for long-term
monitoring in hospitals and emergency rooms
- Fingertip oximeters is the most lucrative
segment. The ease of use and easy availability across stores, such as
Wal-Mart and CVS is the key reason for the growing popularity of these
devices
- The hospitals and other healthcare facilities
segment led the end use segment in 2018 and is expected to maintain its
dominance during the forecast period, due to the presence of a large
patient base and growing use of vital stats monitoring devices
- North America held the largest market share in
2018 and is expected to maintain its position during the forecast period.
The mandatory CCHD screening for newborns imposed by the Centers for
Disease Control and Prevention (CDC) and American Academy of Pediatrics
(AAP) in September 2014 is one of the major drivers
- Some of the key players operating in the pulse
oximeters market are Covidien; CareFusion Corp; GE Healthcare; Koninklijke
Philips N.V.; Masimo; CAS Medical Systems, Inc.; Opto Circuits India Ltd.;
Nonin Medical, Inc.; Smiths Medical; Welch Allyn; Spacelabs Healthcare;
Zensorium; Meditech Equipment Co. Ltd.; and Nihon Kohden Corporation.
Browse request sample of this report by
Grand View Research:
https://www.grandviewresearch.com/industry-analysis/pulse-oximeter-market/request/rs1
Grand
View Research has segmented the global pulse oximeters market by type, end use,
and region:
Pulse
Oximeters Type Outlook (Revenue, USD Million, 2014 - 2025)
- Fingertip
- Handheld
- Others
Pulse
Oximeters End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals and Other
Healthcare Facilities
- Homecare
Pulse
Oximeters Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East and
Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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