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Demand for Wrist Pulse Oximeters to Grow at a CAGR of 15% by 2029
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The wrist pulse oximeters market is set to grow at a 15% CAGR by 2029, driven by technological advancements and increased awareness of respiratory diseases.
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).
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.
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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
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Key Segments of Pulse oximeters Market
Fact.MR’s study on the pulse oximeters market offers information divided into three important segments – product type, end user and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
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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 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 in the forecast years.
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The post Demand for Wrist Pulse Oximeters to Grow at a CAGR of 15% by 2029 appeared first on The Cloud Tribune.
The article discusses the growth of the wrist pulse oximeters market, projected to expand at a 15% CAGR by 2029.
Technological advancements and government initiatives to raise awareness about respiratory diseases are key drivers.
North America and Europe collectively hold over 60% of the market share.
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