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’s new report, Global Pulse Oximeter Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Pulse Oximeter market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Pulse Oximeter market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Pulse Oximeter market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
by Product Type
1. Tabletop Oximeter
2. Fingertip Oximeter
3. Handheld Oximeter
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.
by Technology
1. Conventional
2. Smart
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.
by Age Group
1. Adult
2. Pediatrics
The smart category is expected to experience the fastest CAGR growth between 2022 and 2029, according to age group. The increased demand for continuous patient monitoring in ambulatory and home care settings, as well as the rising use of linked equipment such wireless measuring devices, are factors contributing to this segment’s strong CAGR. Additionally, segmental growth is anticipated to be boosted during the projection period by market participants’ increased attention on the release of smart gadgets. The segment is expanding due to the rising incidence of COVID-19 in the paediatric population. Additionally, more consumers are anticipated to use the product during the forecast period as a result of the increased prevalence of asthma in youngsters. Demand for paediatric pulse measurement devices is anticipated to increase due to the increasing prevalence of asthma during the
by End-User
1. Hospitals & Ambulatory Services
2. Clinics
3. Home Healthcare
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.
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Key Players:
It then discusses the top competitors in the worldwide Pulse Oximeter market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
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
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Regional Analysis:
The report has analyzed the global Pulse Oximeter market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Pulse Oximeter market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Pulse Oximeter Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Pulse Oximeter Market Report are:
- Which are the major companies in the Pulse Oximeter market?
- Which is the potential market for Pulse Oximeter in terms of the region?
- Which application area of Pulse Oximeter is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Pulse Oximeter market size by 2027?
- What are the growth prospects for the Pulse Oximeter market?
- What is the base year considered in the Pulse Oximeter market report?
- Which region holds the largest market share in the Pulse Oximeter market?
- What factors are anticipated to drive the Pulse Oximeter market?
