Pulse Oximeter Market Analysis by Size, Status and Forecast to 2027 | Medtronic, GE Healthcare, Philips Healthcare

A new research document with title 'Pulse Oximeter Market: Current Analysis and Forecast (2021-2027)’ covering detailed analysis, Competitive landscape, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study covers geographic analysis that includes regions like North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China and important players/vendors such as Medtronic, Carefusion Corp., GE Healthcare, Philips Healthcare, Masimo, CAS Medical Systems, Inc., Opto Circuits India Ltd., Nonin Medical, Inc., Smiths Medical, Welch Allyn, and Spacelabs Healthcare. Several M&A along with partnerships have been undertaken by these players to boost their presence in different regions.

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The pulse oximeter is a painless and non-invasive test for the detection of oxygen saturation levels in the blood. The pulse oximeter is a small device that consists of a sensor and a monitor. The sensor detects the blood flow through the finger and the monitor describes the pulse rate as heart rate. The normal range of blood oxygen level (SpO2) in the body should be 95 to 100 percent.

The demand for Pulse Oximeter is increasing on account of the rise in initiatives taken by the Government, the high use of pulse oximeter for anesthesia during surgery, the advancements in Artificial intelligence, increase in mobile-based platforms, increase in the use of wearable devices, advancements in the microprocessor technology, advancement in the photoelectric sensors, rise in the number of product launches. Moreover, the wide application of the pulse oximeter in various diseases such as cardiovascular disease, sickle cell anemia, and other chronic respiratory diseases also propels the market growth. For instance, in January 2020, WHO declared the novel coronavirus outbreak a public health emergency of international concern (PHEIC), which led to the high demand for a large number of the pulse oximeter. However, some of the restraints in the market include trade restrictions and the high cost of the pulse oximeter.

Based on Product Type, the market is fragmented into Fingertip, Table-top, Wrist-worn, and Hand-held. The fingertip pulse oximeter is a device that is attached painlessly to the tip of a finger and sends two wavelengths of lights for the measurement of oxygen saturation and pulse rate in the body. The fingertip pulse oximeter is expected to record the highest growth in the upcoming years owing to its low cost, high accuracy, and efficacy. Moreover, the wireless fingertip oximeter provides data access to the IOS or android apps that records heart reading as well as oxygen saturation. For instance, Dr Trust has launched the pulse oximeter 209 which provides easy and precise results. This fingertip pulse oximeter is USFDA approved and comes along with different features such as alarm, audiovisual indication, and respiration rate measurement.
Based on Sensor Type, the market is fragmented into Reusable and Disposable. The reusable sensor type is mainly used for the non-invasive and continuous monitoring of pulse rate and oxygen saturation levels. The sensor is attached to the monitor and it measures the red light and infrared absorption of oxygenated hemoglobin and deoxygenated hemoglobin. Further, the sensor is attached to the data acquisition system which helps to calculate and display the heart rate and oxygen saturation levels. The reusable sub-segment is expected to record the highest growth in the upcoming years owing to its precise and continuous results, more stable gripping, and its capability to store a large record of patients.

Based on Patient Type, the market is fragmented into Neonatal, Pediatric, and Adult. Adult patients are expected to show the highest growth in the upcoming period owing to the increase in the geriatric population globally. As per the United Nations, Department of Economic Social Affairs (2019), there were 703 million persons aged 65 years or over globally. The old-aged population is projected to reach 1.5 billion by the end of 2050.

Based on End-user, the market is fragmented into Hospitals, Clinics & Healthcare Facilities, Home Care, and Diagnostic Centers. The Hospital sub-segment is expected to record the highest growth in the upcoming years owing to the high use and adoption of the pulse oximeter. Today, the COVID-19 pandemic has led to the high demand for oxygen administration as supportive management. As per the Pan American Health Organization, 75% of all hospitalized patients require supplemental oxygen treatment.

For a better understanding of the market adoption of the Healthcare Fraud Analytics, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the healthcare fraud analytics market on account of the rising number of increasing awareness regarding the importance of pulse oximeter, highly developed healthcare infrastructure, healthcare spending, and the presence of a large number of market players in the U.S. region.....Continued

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