Demand for Pulse Oximeters is Estimated to Reach US$ 5.4 billion by 2033

According to the latest Fact.MR analysis, the global pulse oximeters market size is estimated at US$ 1.2 Bn in 2019 and projected to witness at a healthy CAGR of 7% during the forecast period.

Continuous technological advancements and introduction of efficient pulse oximeters are the key driving factors for pulse oximeters market growth. The global pulse oximeters market is estimated at US$ 1.2 Bn in 2019, and projected to witness moderate growth during the forecast period (2019 - 2029).

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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. Moreover, government-driven price management and reimbursement controls, particularly in China and Japan, are offering significant opportunities for manufacturers to invest in these regions. Increasing government initiatives to spread awareness related to various respiratory diseases are boosting the sales of pulse oximeter devices.

Key Takeaways of Pulse Oximeter Market Study

• A large number of companies manufacturing handheld pulse oximeters significantly contributed to the market share in terms of revenue in the pulse oximeters market.
• North America and Europe collectively hold over 60% of the pulse oximeters market share owing to rapid new product launches in these regions.
• In terms of end user, hospitals are expected to dominate the pulse oximeters market during the forecast period.
• The pulse oximeter market is highly fragmented. Some of the prominent manufacturers include Masimo Corp, Medtronic plc., Koninklijke Philips NV, GE Healthcare, Rossmax International Ltd. and few others.

"Technological advancements leading to the introduction of new and advanced products and emergence of number of players in the market have intensified pulse oximeter sales," says a Fact.MR analyst.

Awareness Drives for Treatment of COPD and Asthma Remains USP

Several awareness programs have been introduced and promoted by various health organizations or healthcare societies such as online education programs for healthcare professionals, medication maintenance programs and environmental programs, across the globe to control respiratory disorders such as asthma, COPD and other respiratory disease. The introduction and promotion of various awareness programs are expected to increase the growth of Wireless pulse oximeters market. These government programs encourage people to adopt early medication, which is expected to increase the revenue generation for the global pulse oximeters market sales in the forecast years.

Growing Adoption of Pulse Oximeters in Homecare Settings Boosting Market Growth

The increasing demand for pulse oximeters at home care settings is expected to propel growth of the pulse oximeter market. Pulse oximeters were initially used at home in the early 1990s for continuous monitoring with home mechanical ventilation and sleep studies.

Intermittent spot-check use at home has become more common in recent years with conditions such as Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD), and others requiring oxygen therapy. The artificial intelligence (AI) with pulse oximeters have increased the adoption of this device in home care settings.

Competitive Landscape

Prime pulse oximeter suppliers are focusing on launching new products to maximize their sales potential and gain a competitive edge over other market players.
• In May 2022, Medtronic, a global leader in medical technology announced that it had received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Nellcor™ OxySoft™ SpO2 sensor. This was the first device to use a silicone adhesive that is designed to protect the fragile skin of patients.
Leading pulse oximeter manufacturers are also anticipated to focus on mergers, acquisitions, and collaborations to expand their market presence on a global level.
• In April 2022, Masimo, a leading medical device manufacturer announced that it had completed the acquisition of Sound United, a renowned consumer technology organization. The companies are expected to use their respective expertise to help bolster Masimo's market presence in the competitive landscape.

Industry Research

• By Product Type:

o Finger Pulse Oximeters
o Handheld Pulse Oximeters
o Tabletop Pulse Oximeters
o Wrist Pulse Oximeters

• By End User:

o Hospitals
o Clinics
o Ambulatory Surgical Centers
o Homecare Settings

• By Region:

o North America
o Latin America
o Europe
o APAC
o MEA

Key Questions Answered in Fact.MR's Pulse Oximeters Market Report

• Which regions will continue to remain the most profitable regional markets for pulse oximeters market players?
• Which factors will induce a change in demand for pulse oximeters manufacturers during the assessment period?
• How will changing trends impact the pulse oximeters market?
• How can market players capture the low-hanging opportunities in the pulse oximeters market in developed regions?
• Which companies are leading the pulse oximeters market?
• What are the winning strategies of stakeholders in the pulse oximeters market to upscale their position in this landscape?

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