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)
This Pulse Oximeter Market study looks at current and emerging industry trends and dynamics in the global Pulse Oximeter Market. Porous Silicon Substrates Extensive Market forecasting for the major Market segments is carried out between 2021 and 2027. Extensive Pulse Oximeter Market analysis is carried out by closely monitoring key product positions and the main competitors in the Market framework. To understand the competitive landscape of the worldwide Pulse Oximeter Market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Pulse Oximeter Market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Pulse Oximeter Market environment. Increased demand for Porous Silicon Substrates is driving the Market. The Market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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.
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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 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
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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Key Players:
The Market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide Market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the Market’s major influencing factors, as well as complete company profiles of
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:
Individual Market influencing variables and changes in Market laws that impact present and future Market trends are also included in the regional segment of the Market study. Data points such as downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate Market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Pulse Oximeter Market:
The COVID-19 epidemic has had a significant impact on the global Porous Silicon Substrates industry. Porous Silicon Substrates Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Market to decelerate in 2020. The negative impact of COVID-19 on the Market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Porous Silicon Substrates.
Key Questions Answered in the Pulse Oximeter Market Report are:
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Which segment was responsible for the largest share in the Pulse Oximeter Market?
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How was the competitive scenario of the Market in 2020?
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Which are the key factors responsible for the Market growth?
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Which region held the maximum share in the Pulse Oximeter Market in 2020?
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