A pulse oximeter measures the level of oxygen saturation of hemoglobin in the arterial blood. It monitors the oxygen level in a patient’s blood and alerts if the oxygen levels drop below safe levels. Monitoring of oxygen saturation level helps in regulating oxygen flow at home, during exercise, and during social activities. It can also assist your doctor in deciding if your COPD is getting worse. Pulse oximeters can save time, anxiety, and doctor visits, and helps in living an active life with respiratory disease. It can detect hypoxia much sooner than the anesthesia provider can see clinical signs of hypoxia such as cyanosis. These devices are essential in places such as hospitals, intensive surgical units where patient’s blood oxygen levels are regularly monitored. The pulse oximeter market is expected to witness robust growth shortly. The market is mainly driven by the rising prevalence of the chronic obstructive pulmonary disease, sleep apnea and respiratory diseases such as asthma.
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Furthermore, rising demand for portable and remote patient monitoring devices is resulting in increased demand for pulse oximeters. Moreover, growing awareness regarding noninvasive devices along with the wide adoption of healthcare devices by population is expected to drive the growth of the market. However, the low penetration of medical devices in developing countries is restraining the growth of the market. Technological advancements in medical devices are expected to present rewarding opportunities in the market soon.
The global pulse oximeter market was valued at approximately USD 1.65 billion in 2018 and is expected to reach approximately USD 2.8 billion by 2026, growing at a CAGR of over 6% between 2018 and 2022.
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Pulse Oximeter is a device that can detect a pulsatile signal in a finger or toe and can calculate the amount of oxygen saturation. Data obtained from pulse oximeters such as saturation of oxygen and pulse rate are vital signs of dangerous hypoxemia. It is a safe, convenient, noninvasive, inexpensive method for measuring oxygen saturation. Pulse oximeters are widely used for patient assessment and monitoring in anesthesiology, critical care, surgical centers, and emergency departments. Nowadays, the availability of small, user-friendly, affordable and portable pulse oximeters has opened up the great market potential for use of this technique in a variety of clinical settings and primary care. In most countries, oximeters are only sold to patients under the guidance of licensed health care professional or other qualified health care provider.
The global Pulse oximeter market is segmented into handheld, fingertip, and wrist-worn based on types. The handheld pulse oximeter has a leading segment with over 35% share of the total market in 2018. Hospitals, ambulatory surgery centers, diagnostic care centers, home-care settings, and others are application segments of the global pulse oximeter market. Hospitals dominated the global pulse oximeter market with over 50% share of the total market in 2018. North America was the largest market for Pulse oximeter and accounted for over one-third share of the total market in 2018. Asia-Pacific is expected to witness the fastest CAGR during the forecast period.
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Medtronic, Masimo, GE Healthcare, Koninklijke Philips N.V., Smiths Medical, Nonin Medical, Inc., Meditech Equipment Co. Ltd., Contec medical systems co ltd, and Mediaid, Inc. are some of the important players of this industry.
Table of Contents
1 Pulse Oximeters Market Overview
2 Global Pulse Oximeters Market Competition by Manufacturers
3 Global Pulse Oximeters Capacity, Production, Revenue (Value) by Region (2015-2019)
4 Global Pulse Oximeters Supply (Production), Consumption, Export, Import by Region (2015-2019)
5 Global Pulse Oximeters Production, Revenue (Value), Price Trend by Type
6 Global Pulse Oximeters Market Analysis by Application
7 Global Pulse Oximeters Manufacturers Profiles/Analysis
7.1.1 Company Basic Information, Manufacturing Base, Area and Its Competitors
7.1.2 Pulse Oximeters Product Category, Application and Specification
22.214.171.124 Product A
126.96.36.199 Product B
7.1.3 Masimo Pulse Oximeters Capacity, Production, Revenue, Price and Gross Margin (2015-2019)
7.1.4 Main Business/Business Overview
7.3 Nonin Medical
7.4 Smiths Medical
7.7 GE Healthcare
7.8 Konica Minolta
7.10 Heal Force
8 Pulse Oximeters Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Pulse Oximeters Market Forecast (2019-2026)
13 Research Findings and Conclusion
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