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Medical-Grade Pulse Oximeters Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Medical-Grade Pulse Oximeters Market SizeAccording to new survey, global Medical-Grade Pulse Oximeters market is projected to reach US$ 3495.1 million in 2029, increasing from US$ 2300 million in 2022, with the CAGR of 6.1% during the period of 2023 to 2029.
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Medical-Grade Pulse Oximeters Market
A pulse oximeter is a device that is usually placed on a fingertip. It uses light beams to estimate the oxygen saturation of the blood and the pulse rate. Oxygen saturation gives information about the amount of oxygen carried in the blood. The pulse oximeter can estimate the amount of oxygen in the blood without having to draw a blood sample.
Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Medical-Grade Pulse Oximeters market research.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Medical-Grade Pulse Oximeters market with multiple angles, which provides sufficient supports to readers' strategy and decision making.
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Segment by Type
• Fingertip and Protable Pulse Oximeters
• Table top and Bedside Pulse Oximeters
Segment by Application
• Medical Institution
• Homecare
By Company
Masimo, Meditech Equipment, Medtronic, Nonin Medical, Smiths Medical, Nihon-Kohden, Philips, GE Healthcare, Konica Minolta, Mindray, Heal Force, Contec, Solaris
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