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.
For
more info visit @ https://www.grandviewresearch.com
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