Pulse Oximeter Market is projected to reach a valuation of US$ 5.1 Bn by 2032

According to a recently released Pulse Oximeter Market analysis report by Future Market Insights, global sales of the Pulse Oximeter Market in 2021 would be valued at US$ 2.3 Bn. With a 7.6% CAGR from 2022 to 2032, the market is expected to be worth US$ 5.1 billion by 2032. The Handheld Pulse Oximeter Market type is estimated to be the most revenue-generating category, with a CAGR of more than 8.4% between 2022 and 2032.

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The primary product for Pulse Oximeter is handheld pulse oximeter, and the demand for Pulse Oximeter through handheld pulse oximeter was recorded at 7.4% between 2017 and 2021, with a CAGR of 7.6% projected between 2022 and 2023.

The pulse oximeters market is being driven by the Covid-19 epidemic. Bloomreach, an e-commerce software company, reports a 527% rise in US sales of fingerprint pulse oximeters during the week of January 2020 in the US. Midway through February, it began to grow again, and weekly sales have risen since then, despite a slower rate of decline.

According to Google Trends, there had been an increase in searches for "pulse oximeter coronavirus" on Google since the middle of February. Customers purchased several personal diagnostic and health monitoring devices throughout the course of four months in April 2020, according to Snapdeal India. The most demanding ones include glucometers, blood pressure monitors, digital thermometers, and pulse oximeters. At-home diagnostic kits have shown an increase in demand after March 2020, not just on Snapdeal but also on Flipkart.

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Competitive Landscape

The key companies in Pulse Oximeter Market are focused on alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their market share.

Some of the recent developments of key Neural Implants providers are as follows:

In March 2022, the introduction of iPulseOx has been announced by Smart Meter, a manufacturer of patient monitoring equipment. The first cell phone-connected pulse oximeter offers remote patient monitoring services for long-term diseases like heart disease and chronic obstructive pulmonary disease (COPD). This product launch has improved the company's standing, giving them a competitive technological edge over their rivals and growing their customer base.
In June 2021, the release of Oxy10 pulse oximeter was announced by DetelPro. The users of this product can determine the results with the aid of an LED display. The company's pulse oximeter portfolio was expanded throughout numerous hospitals and homecare facilities owing to this product launch, which increased income for the company.

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In February 2021, Masimo added enhanced measuring and patient monitoring capabilities by acquiring LiDCO, a provider of noninvasive and minimally invasive hemodynamic technology.
In January 2021, a fingertip pulse oximeter that links to the TytoCare device via a cable to log test results to patients' EHRs and enable remote monitoring by clinicians was introduced by the telehealth business Tyto Care.
In November 2020, in order to capitalize on the trend in digital health and ongoing investments in innovation, GE Healthcare increased its AI products and Edison ecosystem. The business is also introducing ground-breaking imaging technologies.
In May 2020, Masimo and Royal Philips reaffirmed their partnership, whereby Philips would incorporate extra Masimo measurement technologies into specific IntelliVue MX-series multiparameter monitors in order to aid doctors in determining cerebral oximetry and ventilation status.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Pulse Oximeter Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Pulse Oximeter in terms of by Type (Fingertip, Handheld, Other Types), By End-use in (Hospitals & Other Healthcare Facilities, Homecare) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.