Articles

Pulse Oximeter Market to Grow at a CAGR of 7.68% During the Forecast Period | TechSci Research

by Shipra J. Market Research for Better Business Growth

Sudden outbreak and spread of COVID-19 pandemic are expected to drive the growth of global pulse oximeter market during the forecast period.

According to TechSci Research report, Global Pulse Oximeter Market By Product Type (Fingertip, Handheld and Others), By Sensor Type (Reusable v/s Disposable), By Patient Type (Adult, Pediatric, Neonatal), By End User (Hospitals & Clinics, Homecare, Others), By Region, Competition Forecast & Opportunities, 2026, the global pulse oximeter market stood at USD2576.07 million in 2020 and is further expected to grow at a CAGR of 7.68% during the forecast period. This can be ascribed to rising geriatric population which is susceptible to various chronic diseases. Additionally, increasing air pollution, smoking, among others have led to an increase in the prevalence of respiratory diseases. Pulse oximeters are actively used during surgery process when patient is under anesthesia and post-surgery processes to monitor the patient conditions. These are some of the major factors that are supporting the global pulse oximeter market growth. However, high cost of handheld oximeters leads to affordability constraints thereby hampering the market growth. Also, the global pulse oximeter market is highly fragmented with a lot of Chinese players in the industry, this in turn creates a lot of competition for the big players, thereby restricting the market growth over the next few years.

Browse over 137 market data Figures spread through 110 Pages and an in-depth TOC on "Global Pulse Oximeter Market”.

https://www.techsciresearch.com/report/pulse-oximeter-market/7345.html

Global pulse oximeter market is segmented by product type, sensor type, patient type, end user, by company and regional distribution. Based on sensor type, the market is further bifurcated into reusable and disposable sensors. Reusable sensors held the largest share of 80.18% in 2020 and are often digitally enabled thereby creating a record storage for the patients such that regular consultations with their doctors can be conducted fluidly. Disposable sensors in pulse oximeters are replaceable and function on detecting the infrared and red-light absorption characteristics of hemoglobin. Based on end user the market is categorized into hospitals & clinics, homecare, and others. Home care segment is fastest growing segment with CAGR of 8.51% owing to the fact that reimbursement of various post-surgery procedures is not feasible. Thus, requiring patients to be home-cared. For the purpose of monitoring the post-surgery patient and out-patient, the oximeters allow proper care and easy consultations with the concerned doctors, there by supporting the growth of the market.

Some of the major players in the market are Medtronic Plc. (Covidien), GE Healthcare, Koninklijke Philips N.V., Masimo corporation, Becton, Dickinson, and Company (CareFusion Corp.), CAS Medical Systems, Inc., Nihon Kohden Corporation, Opto Circuits India Ltd., Nonin Medical, Inc., Welch Allyn, Inc. (Hill-Rom Holdings, Inc.), OSI Systems, Inc. (Spacelabs Healthcare), Omron Healthcare, Inc., Drägerwerk AG & Co. KGaA, Meditech Equipment Co., among others. The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships. For instance, in 2021, Masimo acquired LiDCO, a supplier of noninvasive and minimally invasive hemodynamic equipment, thereby expanding its suite of advanced measurement and patient monitoring equipment.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7345

Customers can also request for 10% free customization on this report.

“North America dominated the market in 2020 owing to the sudden outbreak and spread of COVID-19 pandemic, which severely hit the region especially the United States thereby increasing the demand for pulse oximeters. Additionally, increasing geriatric population coupled with growing prevalence of respiratory diseases is further expected to support the market growth through 2026. Also, presence of well-developed healthcare infrastructure in countries like United States and Canada is further expected to support the market growth.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

Global Pulse Oximeter Market By Product Type (Fingertip, Handheld and Others), By Sensor Type (Reusable v/s Disposable), By Patient Type (Adult, Pediatric, Neonatal), By End User (Hospitals & Clinics, Homecare, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global pulse oximeter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global pulse oximeter market.

Browse Related Reports:

Global Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology (Pulse Flow v/s Continuous Flow) By Application (Bronchitis, Pneumonia, COVID-19, Lung Cancer, Others) By End Users (Hospitals & Clinics, Ambulatory Care Centers, Home Care) By Region, Competition Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/oxygen-concentrators-market/7442.html

Global Medical Oxygen Market By Form (Liquid Oxygen, Compressed, Oxygen Concentrators), By Purity (96% to 99.5%, 93% to 96%), By Delivery Mode (Aerial Diffusion, Direct Inhalation, Others), By Modality (Portable Medical Oxygen Systems v/s Standalone Medical Oxygen Systems), By Technology (Continuous Flow v/s Pulse Dose), By Application (COPD, Bronchopulmonary, Lung Disorder, Heart Failure, Asthma, Cystic Fibrosis, Others), By End User (Hospitals, Emergency Medical Centres, Ambulatory Centres, Homecare), By Region, Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/medical-oxygen-market/4984.html

United States Oxygen Therapy Equipment Market By Product Type (Oxygen Source Equipment v/s Oxygen Delivery Devices) By Mobility (Stationary v/s Portable) By Application (COPD, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare) By Region, Competition Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/united-states-oxygen-therapy-equipment-market/7544.html

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com/

For More Market Research Blogs Visit: https://techsciblog.com/


Sponsor Ads


About Shipra J. Senior   Market Research for Better Business Growth

193 connections, 13 recommendations, 833 honor points.
Joined APSense since, February 11th, 2021, From New York, United States.

Created on Jul 1st 2021 00:15. Viewed 95 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.