Pulse Oximeter Market Size, Growth Drivers 2022-28

The research report "Pulse Oximeters Market: by Product Type (Fingertip, Hand-Held, Table-Top/Bedside, Wrist-Worn, and Pediatric Pulse Oximeters), End-User (Hospitals, Clinics, Ambulatory Surgical Centers (ASC), Homecare Settings) - Global/Region/Country Forecast to 2028. The global pulse Oximeters market size was valued at USD 1832 million in 2021 and is poised to grow at a CAGR of 6.6% over 2022-2028.

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Introduction of novel and sophisticated products is enhancing the Pulse Oximeters Market demand:
Efficient performance and user-friendliness are the advances in pulse oximeters function and design estimated to create demand for the pulse oximeters over the forthcoming years. Increase in the prevalence of respiratory and cardiovascular disease including chronic pulmonary disease, Ischemia and cardiac arrhythmias sleep apnea is anticipated to fuel the market hugely. Furthermore, current advances in developing wireless pulse oximeters are anticipated to increase the adoption of such device in critical care settings where early medical intervention is essential. For example, Nonin Medical, Inc introduced the NoninConnect Model 3230 Bluetooth Smart wireless finger pulse oximeters in 2015 outside the U.S.

Patients and clinicians find this device helpful as it helps to identify problems for early intervention and avoid re-hospitalization. Increasing prevalence of respiratory and cardiovascular illnesses which in turn promotes homecare use and growing adoption of pulse oximeters as monitoring standard in critical care set-ups during anesthesia procedure are anticipated to fuel the market revenue share over the future period. Furthermore, mandatory and pharmacies for newborns in U.S. for cardiac disease and ease of availability in stores projected to increase the market demand for pulse oximeters over the future period. One of the key factors fuelling the pulse Oximeter market growth is the low cost of wireless pulse oximeters as compared to other hand-held and finger-top devices. Introduction of novel and sophisticated products are the result of technological developments, which also offer great potential opportunities to the pulse Oximeter market.

North America accounted for major share in the Pulse Oximeters Market:
North America market dominates the global market and expected to remain same over the forthcoming years due to the growing adoption across healthcare setups and wider product choices. Asia-Pacific pulse oximeters market witnesses a significant share in the global market and estimated to grow at considerable CAGR rate over the forthcoming years due to the availability of big addressable market and product introduction.

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Competitive Analysis Pulse Oximeters Market:
Major players working in the pulse oximeters market are Becton Dickinson and Company, CAS Medical Systems, Inc, GE Healthcare, Koninklijke Philips N.V., Masimo Corporation, Meditech Equipment Co. Ltd., Medtronic plc. Nihon Kohden Corporation., Nonin Medical, Inc., OMRON Corporation, Opto Circuits India Ltd., Smiths Group plc., Spacelabs Healthcare and Zensorium. These players are adopting effective strategies such as mergers, acquisition and novel product launches to strengthen their position in the market.

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