Pulse Oximeters Market Analysis With Industry Share Published By Leading Firm and Forecast to 2025 | Masimo, Medtronic, Nonin Medical, Smiths Medical, Nihon-Kohden, Philips, GE Healthcare

Worldwide Market Reports has announced the addition of the “Global Pulse Oximeters Market Size Status and Forecast 2025”, The report classifies the global Pulse Oximeters Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

The global pulse oximeters market size is expected to reach USD billion by 2025, based on a new report by Worldwide Market Reports. It is anticipated to expand at a CAGR of 6.3% during the forecast period. The growth can be attributed to high prevalence of target diseases, such as Chronic Obstructive Pulmonary Disease (COPD), sleep apnea, cardiac arrhythmia, and ischemic conditions. Pulse oximetry is mandatory for newborn screening in almost 43 states in the U.S. It is also gaining roots in other parts of the world as it helps in detection of Congenital Heart Defect (CHD).

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Technological advancements in pulse oximeters to make the devices more efficient and user-friendly can boost the demand. For instance, in August 2015, Nonin Medical, Inc. launched NoninConnect Model 3230, a wireless fingertip oximeter that can be operated via Bluetooth. The product has low power usage and was intended for the identification of early intervention patients with respiratory conditions, such as COPD.

Asia Pacific is anticipated to register the fastest growth over the forthcoming years. Increasing investments from industry players is the key driver for the regional growth. In January 2017, Masimo launched two patient monitoring products in India, namely, Rad-97 Pulse-CO Oximeter and SedLine Brain Function Monitoring. These products are expected to improve the patient monitoring capabilities of clinicians in the region.

North America held the largest market share in 2018 and is expected to maintain its position during the forecast period. The mandatory CCHD screening for newborns imposed by the Centers for Disease Control and Prevention (CDC) and American Academy of Pediatrics (AAP) in September 2014 is one of the major drivers

Global Pulse Oximeters market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Masimo, Medtronic, Nonin Medical, Smiths Medical, Nihon-Kohden, Philips, GE Healthcare, Konica Minolta, Mindray, Heal Force, Contec, Jerry Medical, Solaris

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Disposable Sensors
Reusable Sensors

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Hospital
Ambulatory Surgical Center
Home Care

Product innovation and R&D are some of the major strategies adopted by the key companies operating in the market for pulse oximeters. For instance, in September 2018, Masimo announced the FDA approval of rainbow Acoustic Monitoring RAS-45 Sensor, a noninvasive respiration rate measurement system for infant and neonatal patients. In July 2018, the company launched the Vital Signs Check Application— a comprehensive patient data collection application for the Masimo Root patient connectivity and monitoring platform.

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This release was published on openPR.