According to the latest report by IMARC Group, titled “PulseOximeters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global pulse oximeters market exhibited moderate growth during 2015-2020. A pulse oximeter refers to a small, lightweight medical device that is utilized for monitoring the amount of oxygen present in the patient’s blood. It is non-invasively attached to the fingertip, toe or earlobe of individuals and efficiently detects minor changes in the oxygen levels. It also assesses the saturation of oxygen by utilizing specific wavelengths of light. Upon assessment, the pulse rate and the percentage of oxygen are reflected in the display attached to the device. It is mostly used in critical care settings during emergencies, surgical procedures and recovery in hospital wards.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The market is primarily driven by the rising incidences of chronic diseases on the global level. Patients suffering from serious health conditions, such as sleep apnea, asthma, hyperlipidemia, cardiac arrhythmia, and chronic obstructive pulmonary disease (COPD), require constant monitoring of pulse rates and oxygen saturation levels. The rising number of such patients is boosting the uptake of pulse oximeters on the global level. Apart from this, a significant increase in the geriatric population and the growing emphasis on patient safety and monitoring are catalyzing the market growth. There has also been an increasing preference for the adoption of non-invasive medical devices among patients and healthcare professionals. This, along with the introduction of portable and wearable oximeters, is expected to create a positive outlook for the market. Furthermore, extensive research and development (R&D) and clinical trials have led to the advent of efficient variants in the market. The integration of these devices with artificial intelligence (AI), smartphones, and advanced sensors and microprocessor technology, is expected to provide an impetus to the market growth. The market is further driven by the sudden outbreak of the coronavirus disease (COVID-19) across the globe as patients suffering from the condition need continuous monitoring of their respiratory parameters, among various other medical aids. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.6% during 2021-2026.
The report has also analysed the competitive landscape of the market with some of the key players being.
CAS Medical Systems Inc.
Contec Medical Systems Co. Ltd.
Koninklijke Philips NV
Masimo
Medtronic Plc
Nonin Medical Inc.
Opto Circuits
Smiths Medical, Inc.
Spacelabs Healthcare (OSI Systems),
Welch Allyn (Hill-Rom)
Pulse Oximeters Market Segmentation:
Our report has categorized the market based on Region, Type, Sensor Type and End-Use.
Breakup by Type:
Fingertip pulse oximeters
Handheld pulse oximeters
Wrist-worn pulse oximeters
Others
Breakup by Sensor Type:
Reusable
Disposable
Breakup by End-Use:
Hospitals and Clinics
Ambulatory Surgery Centers
Home Healthcare
Others
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: sales@imarcgroup.com USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group
Latest Market Research Reports by IMARC Group (2021-2026):
According to the latest report by IMARC Group, titled “PulseOximeters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global pulse oximeters market exhibited moderate growth during 2015-2020. A pulse oximeter refers to a small, lightweight medical device that is utilized for monitoring the amount of oxygen present in the patient’s blood. It is non-invasively attached to the fingertip, toe or earlobe of individuals and efficiently detects minor changes in the oxygen levels. It also assesses the saturation of oxygen by utilizing specific wavelengths of light. Upon assessment, the pulse rate and the percentage of oxygen are reflected in the display attached to the device. It is mostly used in critical care settings during emergencies, surgical procedures and recovery in hospital wards.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The market is primarily driven by the rising incidences of chronic diseases on the global level. Patients suffering from serious health conditions, such as sleep apnea, asthma, hyperlipidemia, cardiac arrhythmia, and chronic obstructive pulmonary disease (COPD), require constant monitoring of pulse rates and oxygen saturation levels. The rising number of such patients is boosting the uptake of pulse oximeters on the global level. Apart from this, a significant increase in the geriatric population and the growing emphasis on patient safety and monitoring are catalyzing the market growth. There has also been an increasing preference for the adoption of non-invasive medical devices among patients and healthcare professionals. This, along with the introduction of portable and wearable oximeters, is expected to create a positive outlook for the market. Furthermore, extensive research and development (R&D) and clinical trials have led to the advent of efficient variants in the market. The integration of these devices with artificial intelligence (AI), smartphones, and advanced sensors and microprocessor technology, is expected to provide an impetus to the market growth. The market is further driven by the sudden outbreak of the coronavirus disease (COVID-19) across the globe as patients suffering from the condition need continuous monitoring of their respiratory parameters, among various other medical aids. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.6% during 2021-2026.
The report has also analysed the competitive landscape of the market with some of the key players being.
CAS Medical Systems Inc.
Contec Medical Systems Co. Ltd.
Koninklijke Philips NV
Masimo
Medtronic Plc
Nonin Medical Inc.
Opto Circuits
Smiths Medical, Inc.
Spacelabs Healthcare (OSI Systems),
Welch Allyn (Hill-Rom)
Pulse Oximeters Market Segmentation:
Our report has categorized the market based on Region, Type, Sensor Type and End-Use.
Breakup by Type:
Fingertip pulse oximeters
Handheld pulse oximeters
Wrist-worn pulse oximeters
Others
Breakup by Sensor Type:
Reusable
Disposable
Breakup by End-Use:
Hospitals and Clinics
Ambulatory Surgery Centers
Home Healthcare
Others
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: sales@imarcgroup.com USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group
Latest Market Research Reports by IMARC Group (2021-2026):