The global demand for Pulse Oximeters Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A pulse oximeter is a small clip-like device that measures oxygen levels in blood non invasively. It is used by putting on the finger and also other body parts like toes and an earlobe. A pulse oximeter is used in a critical care setting like emergency rooms or hospitals to monitor the health of individuals with a condition that can affect blood oxygen levels. It can detect accurate readings and even small fluctuations in how efficiently oxygen is being carried furthest from the heart, including the legs and the arms.
Rising incidence and prevalence of chronic diseases and growing older age population is expected to drive the growth of the market. Chronic diseases are the largest cause of death in the world. The leading chronic diseases are cardiovascular disease, cancer, diabetes, and chronic respiratory disease-causing millions of deaths worldwide. Worldwide annual mortality due to chronic disease is expected to increase in real numbers as well as relative to deaths from injuries and diseases. The global population aged 60 years or over-represented 962 million in 2017, the number of older persons is expected to double again by 2050 representing 2.1 billion. Due to recent coronavirus pandemic, oximeter has gained much attention owing to its potential in diagnosing and monitoring COVID-19 symptoms. Pulse oximeter plays an important role in monitoring COVID-19 patients. Increase in healthcare expenditure in the economies across the world and high demand for proactive monitoring arising from COVID-19 pandemic has propelled the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of pulse oximeters.
The entire pulse oximeters market has been sub-categorized into product. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Pediatric Pulse Oximeters
This section covers regional segmentation which accentuates on current and future demand for pulse oximeters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Pulse Oximeters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the pulse oximeters market include Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Koninklijke Philips N.V., Masimo Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.