April 21, 2024

The Pulse Oximeter Market was valued at USD 2.53 Billion in 2022, and it is expected to reach USD 4.97 Billion by 2029, exhibiting a CAGR of 10.1 % during the forecast period (2023-2029)

Pulse Oximeter Market Overview:

Maximize Market Research (MMR) conducts an in-depth analysis of the global Pulse Oximeter Market, examining each sector and taking into account both global and regional trends. The report ensures a balanced market overview by extensively covering the primary drivers and significant restraints. To offer readers a comprehensive understanding of the Pulse Oximeter Market, the report is organized into distinct sections, encompassing Products, Applications, Retailers, and Regions. Furthermore, the report provides long-term industry forecasts for the global Pulse Oximeter Market, allowing for informed decision-making.

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Pulse Oximeter Market Scope

This report provides an extensive analysis of the Pulse Oximeter Market, encompassing its presence at country, regional, and global levels. The regional analysis offers insights into the Pulse Oximeter Market’s penetration, competitive landscape, and demand dynamics at the local, regional, and global scales. The data utilized in this analysis is obtained through a combination of primary and secondary research methods. The primary research methods involve surveys, telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals. Secondary data, sourced from reliable and selected references, includes official databases from various organizations, industry journals, white papers, and annual reports, ensuring the reliability of the obtained insights.

Pulse Oximeter Market Dynamics:

The rising frequency of chronic medical diseases and the world’s ageing population are two major factors influencing demand for wearable pulse oximeter devices. The increased demand for non-invasive medical devices and treatments among patients and medical professionals is also boosting market expansion. Demand for the product is also being enhanced by the rising use of portable and wearable oximeter variants, notably among COPD patients. The need for oximeter devices is increasing as a result of numerous technological advancements, including improvements in microprocessor technology, light-emitting diodes, and photoelectric sensors for enhanced accuracy and reliability of pulse oximeters. Rising healthcare costs, the incorporation of artificial intelligence (AI) into oximeters, and the release of Android-compatible variations are other factors anticipated to propel the market over the projected period.

Segmentation:

Tabletop oximeters accounted for the largest market share for pulse oximeters in terms of product type in 2022, and they are anticipated to grow at a quick CAGR over the course of the forecast period. The segment’s sizeable contribution can be attributed to the increased prevalence of respiratory conditions including asthma and COPD as well as the rising rate of hospitalisations. During the forecast period, the fingertip sector is anticipated to develop at the fastest CAGR. The abrupt rise in utilisation of these products during the COVID-19 epidemic is blamed for this segmental expansion. The rising use of such medical devices for at-home monitoring of respiratory illnesses like asthma and COPD is another factor that will likely drive up demand in the future.

According to Technologies, the conventional category had the greatest market share in 2022, and for the balance of the forecast period, it is anticipated to grow at a considerable CAGR. Due to an increase in the use of wired measuring devices and a rise in the need for continuous patient monitoring in hospitals, the conventional sector is anticipated to expand during the projected period. Additionally, the category is expanding as a result of an increase in a number of respiratory illnesses that call for continual patient monitoring in clinics and hospitals. Between 2022 and 2029, the smart category is anticipated to experience the fastest CAGR growth. The increased use of connected equipment, such as wireless measurement devices, is also responsible for this segment’s greatest CAGR.

The conventional category accounted for the biggest market share in 2022 according to Technologies, and for the balance of the forecast period, it is anticipated to grow at a considerable CAGR. Due to rising need for continuous patient monitoring in hospitals and rising utilisation of wired measuring equipment, the conventional category is anticipated to expand throughout the forecast period. In addition, the category is expanding as more respiratory illnesses are occurring frequently, necessitating continued patient monitoring in clinics and hospitals. The fastest CAGR between 2022 and 2029 is anticipated for the smart category. The highest CAGR in this market sector is related to the rising use of connected equipment, including wireless measurement instruments.

Hospitals and ambulatory surgery centres accounted for the largest market share by end-user in 2022 and were anticipated to grow at the fastest CAGR from 2022 to 2029. An increase in hospital admissions requiring continuous patient monitoring equipment is to responsible for this segmental expansion. In addition, as hospitals expand and more people seek treatment for COPD and asthma, it is anticipated that demand for devices will climb in the coming years. The home healthcare sector is anticipated to expand at the second-fastest CAGR between 2022 and 2029. The segmental growth is a result of market participants releasing more products for homecare settings and increased public awareness of the value of at-home oxygen level monitoring.

1. Global Pulse Oximeter Market Size, by Product Type (2022-2029)
• Tabletop Oximeter
• Fingertip Oximeter
• Handheld Oximeter
2. Global Pulse Oximeter Market Size, by Technologies (2022-2029)
• Conventional
• Smart
3. Global Pulse Oximeter Market Size, by Age Group (2022-2029)
• Adults
• Pediatric
4. Global Pulse Oximeter Market Size, by End-User (2022-2029)
• Hospitals & Ambulatory Services
• Clinics
• Home Healthcare

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Pulse Oximeter Market Key Players are:

1. NIHON KOHDEN CORPORATION (Japan)
2. Medtronic (Covidien)
3. Koninklijke Philips N.V.
4. Carefusion Corp.
5. GE Healthcare
6. Philips Healthcare
7. Masimo
8. VYAIRE
9. CAS Medical Systems, Inc.
10. ChoiceMMed
11. Honeywell International Inc.
12. Opto Circuits India Ltd.
13. Nonin Medical, Inc.
14. Smiths Medical
15. Welch Allyn
16. Beurer GmbH
17. Contec Medical Systems Co. Ltd
18. Spacelabs Healthcare
19. Promed Group Co., Ltd.
20. Meditech Equipment Co.
21. OSI Systems, Inc.
22. Tenko Medical System Corp.
23. The Spengler Holtex Group

Regional Analysis

The report offers a comprehensive analysis of the growth pattern of the global Pulse Oximeter Market, providing detailed insights into its trajectory. It focuses on the most influential regions in the Pulse Oximeter Market, including North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which collectively have a global impact. The forecast of the Pulse Oximeter Market for each country incorporates significant indicators such as consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis. These indicators play a vital role in understanding the market dynamics and predicting its future trends.

Key Questions answered in the Pulse Oximeter Market Report are:

  • What is the Pulse Oximeter Market?
  • What is the forecast period of the Pulse Oximeter Market?
  • What is the competitive scenario of the Pulse Oximeter Market?
  • Which region held the largest market share in the Pulse Oximeter Market?
  • What are the opportunities for the Pulse Oximeter Market?
  • What are the restraining factors in the Pulse Oximeter Market?
  • Who are the key players of the Pulse Oximeter Market?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth Drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis of Pulse Oximeter Market
  • Landscape- Leading key players and other prominent key players.

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