Press release -
Pulse Oximeter Market Share & Size Report 2021
Pulse Oximeter Market Size, Share & Trends Analysis Report By Product Type (Fingertip Oximeter, Handheld Oximeter, Tabletop Oximeter), By End-User (Hospitals, Ambulatory Centres And Clinics, Home Healthcare, Others), Region, And Segment Forecasts, 2021 – 2027
Global Pulse Oximeter Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand of pulse oximeter, rising cases of COPD and growing prevalence of Covid-19 cases globally are some of the major factors driving the growth of Global Pulse Oximeter Market.
Global Pulse Oximeter Market is valued at USD 2245.7 Million in 2020 and expected to reach USD 3492.1 Million by 2027 with a CAGR of 6.51% over the forecast period.
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Key Players for Global Pulse Oximeter Market Report-
Some key players for global pulse oximeter market are Philips Healthcare, Carefusion Corporation, Smiths Medical, Meditech Equipment Co., Nihon Kohden Corporation, General Electric Manufacturing Company (GEMAC), Medtronic (Covidien), Masimo, Opto Circuits India Ltd., GE Healthcare, Welch Allyn, CAS Medical Systems Inc., Nonin Medical Inc., Spacelab Healthcare, Omron Healthcare, Inc., Vyaire Medical and others.
Pulse oximetry is a test that measures the amount of oxygen in the blood (oxygen saturation). It's an easy, painless way to see how far oxygen gets to the parts of your body furthest from your core, including your arms and legs. The pulse oximeter is a clip-like device that is mounted on a body part, such as a finger or ear lobe. The probe measures the amount of oxygen in the blood using light. It is a medical instrument that produces a photoplethysmogram, which can be further processed into other measures, by monitoring the oxygen saturation of a patient's blood and changes in blood volume in the skin. A multipara meter patient control may include the pulse oximeter. Pulse oximeter powered by batteries is also available for use during transportation or at home use. Karl Matthes a German physician invented the first two-wavelength ear O2 saturation meter with red and green filters in 1935. (Later red and infrared filters). His meter was the first to detect oxygen saturation. The pulse oximeter is used before, during, and after sedation surgery or procedures to check how well lung medications are working, to check a person's ability to tolerate elevated activity levels, to see whether a ventilator is required to assist with breathing or to check how well it is working, and to see if a person has times when breathing fails during sleep (sleep apnoea). The advancement of techniques to increase the accuracy and the creation of low-cost equipment might actually open more market growth opportunities.
Global Pulse Oximeter Market report is segmented on the basis of product type, end-user and region & country level. Based upon product type, global pulse oximeter market is classified into fingertip oximeter, handheld oximeter, tabletop oximeter and others. Based upon end-user, the market is divided into hospitals, ambulatory surgery centres and clinics, home healthcare and others.
Global Pulse Oximeter Market Segmentation:
By Product Type:
- Fingertip Oximeter
- Handheld Oximeter
- Tabletop Oximeter
- Ambulatory Centres and Clinics
- Home Healthcare
North America is Anticipated to Dominate the Global Pulse Oximeter Market
The global pulse oximeter market is segmented into North America, Europe, Asia-Pacific Latin America, and Middle East & Africa. North America is expected to dominate the global pulse oximeter market within the forecast period owing to the increasing covid-19 cases, high healthcare expenditure, high consumer spending power and easy availability of these products in this region. In addition, the increasing number of cases of lung cancer, pneumonia, cardiovascular diseases in the North American region may also propel the market growth due to the necessity of pulse oximeter in oxygen control and monitoring. For instance; according to WHO, The COVID-19 pandemic in the United States is part of a global coronavirus disease pandemic that began in COVID-19, Since January 2020, more than 32.9 million confirmed cases have been registered, resulting in over 586,000 deaths, the most of any country and the eighth-highest per capita in the world. Lung cancer strike one out of every 16 people in the United States at some point in their lives. This year, more than 235,000 people in the United States were diagnosed with lung cancer, with a new diagnosis occurring every 2.2 minutes.
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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