Digital Pulse Oximetry Market Business Outlook to 2021 - CareFusion Corp, Covidien, Koninklijke Philips N.V., GE Healthcare, CAS Medical Systems Inc., Masimo, Nonin Medical Inc., Opto Circuits India Ltd., Welch Allyn and Smiths Medical

Digital Pulse Oximetry Market Overview:
Digital Pulse Oximetry is a non-invasive method to control the oxygen saturation (SO2) of a person. Although the reading of Peripheral Oxygen Saturation is not always identical to the most desirable reading of arterial oxygen saturation by arterial gas analysis, these two methods are sufficiently correlated with Digital Pulse Oximetry that is useful to measure the Oxygen saturation in clinical use. In its most common mode of application, a detection device is placed on a thin part of the patient's body, usually with the fingertips or the earlobe or, in the case of a baby, in a foot. The device passes two wavelengths of light through the body part to a photodetector. It measures the change in absorbance at each wavelength, which allows it to determine the absorbance due to arterial blood pulsed alone, excluding venous blood, skin, bones, and muscles.

Digital Pulse Oximetry Market was valued at USD XX million in 2017 and expected to reach USD XX million by 2021 growing at a CAGR of XX% during the forecast period 2017 to 2021.

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Drivers and Restraints:
Stringent healthcare budgets and constant patient monitoring increase unnecessary costs. This can be resolved by spot checking with a portable pulse oximeter. Re-admission is an important problem faced by patients suffering from chronic diseases such as COPD whose annual cost is estimated at around 25 billion dollars. This creates a great demand for oximeters that can monitor the patient's condition and send the data remotely to the doctor. The hand pulse oximeter dominated the market in 2015. However, pulse oximeters at the fingertips are quickly taking their place in the market. The introduction of new and better products is the main driver of this growth. For example, in June 2015, Masimo also launched the MightySat pulse oximeter, compatible with smartphones and tablets. The product was able to transfer 12-hour data to the doctor, helping them to monitor the patient remotely. The development of such products should stimulate the demand for an oximeter at your fingertips in the near future.

Geographical Insights of Digital Pulse Oximetry Market:
North America dominated the market share in previous years, followed closely by Europe. Pulse oximeter detection can detect problems and avoid the risk of serious complications during the first weeks of babies' lives. The American Academy of Pediatrics has recommended that the pulse oximeter be part of the neonatal screening of CCHD, which was implemented in 2014. It is one of the main reasons to stimulate the market in this region during the forecast period. Asia-Pacific is expected to grow faster in the coming years attributing to the growing awareness of patient safety during surgery and anaesthesia, which has forced governments and hospitals to include Digital Pulse Oximetry in their treatments. Institutes such as the Indian Society of Anesthesiologists advocate the use of pulse oximeters during any procedure in which the patient is anaesthetized.

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Key Players of Digital Pulse Oximetry Market
CareFusion Corp, Covidien, Koninklijke Philips N.V., GE Healthcare, CAS Medical Systems, Inc., Masimo, Nonin Medical, Inc., Opto Circuits India Ltd., Welch Allyn, Smiths Medical, Zensorium, Spacelabs Healthcare, Nihon Kohden Corporation and Meditech Equipment Co. Ltd. are the key players in Global Digital Pulse Oximetry Market among others.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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