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Pulse and Regional Oximeters Giving Patients New Lease of Life
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The global demand for pulse and regional oximeters is escalating, due to various types of patients are being admitted to hospitals and other healthcare settings. These devices are used to monitor the oxygen levels of patients suffering from respiratory disorders, neurological conditions, and cardiovascular diseases. The wide application base of such devices will facilitate the pulse and regional oximeters market to grow from $2,101.0 million in 2018 to $3,365.0 million in 2024, witnessing a CAGR of 8.2% during the forecast period (2019–2024).
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According to P&S Intelligence, the North American region is expected to hold the largest share in the pulse and regional oximeters market during the forecast period, globally. This can be attributed to the soaring geriatric population and mounting incidence of targeted diseases. Besides, the presence of leading market players and developed healthcare infrastructure will also support the market growth in the foreseeable future. Moreover, the rising awareness among people regarding pulse and regional oximeters will also drive the demand for these devices in the coming years.
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