DUBLIN–(BUSINESS WIRE)–The “Pulse Oximeter Market – Global Outlook and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The pulse oximeter market by revenue is expected to grow at a CAGR of over 9% during the period 2019-2025.
The global pulse oximeter market is expected to grow at an absolute growth of over 70% during the forecast period. The market is growing due to the growing elderly population, which is prone to the risk of respiratory diseases, hypertension, CVD, diabetes, and other diseases that could affect oxygen levels (SpO2). The increasing emphasis on patient safety during treatment in healthcare settings and the demand for consistent vital signs monitoring is expected to drive the growth of the market. The growing awareness of patient monitoring and an increase in target disease prevalence are further likely to boost market growth during the forecast period. Strong demand for pulse oximeters and increased end-users’ spending sentiments on home patient monitoring devices worldwide is contributing to market growth.
The purchase of at-home pulse oximeters has spiked over 500% since the detection of COVID-19 cases in the US. The device can easily be purchased at drugstores and via online retailers. Several physicians observe pulse oximeters are an important device to identify declining lung function early and address the cause, including COVID-19. Hence, the rising adoption of these devices has boosted the demand for pulse oximeter on the global level, which is further expected to contribute to the market growth in upcoming years.
The following factors are likely to contribute to the growth of the pulse oximeter market during the forecast period:
- Advent of Wrist worn Pulse Oximeter
- Upsurge in COVID-19 Pandemic Positive Cases
- Increasing Demand for Integration of Remote Patient Monitoring Platforms with Pulse Oximeters
- Favorable Patient Demographics
The study considers the present scenario of the pulse oximeter market and its market dynamics for the period 20192025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Questions Answered
- What is the pulse oximeter market size and growth rate during the forecast period?
- What are the factors impacting the growth of the pulse oximeter market shares?
- Which segment accounted for the largest pulse oximeter market share?
- Who are the key players in the market, and what is the growth of Masimo pulse oximeter market shares?
- What is the impact of the COVID-19 pandemic on the pulse oximeter market?
Market Dynamics
Opportunities & Trends
- Advent of Wrist-Worn Pulse Oximeters
- Upsurge In Covid-19 Pandemic Positive Cases
- Increasing Demand For Integration Of Remote Patient Monitoring Platforms & Pulse Oximeters
Growth Enablers
- Favorable Patient Demographics
- Technological Advancements Coupled With Product Innovations
- High Demand For Handheld & Fingertip Pulse Oximeters
Restraints
- Shifting Of Healthcare Providers’ Preferences Towards Multiparameter Patient Monitors
- Limitations Associated With Pulse Oximeter Calibration
- Intense Competition Coupled With Pricing Pressure
Prominent Vendors
- Medtronic
- Masimo
- Koninklijke Philips
- Nonin Medical
- NIHON KOHDEN
- Smiths Medical
Other Prominent Vendors
- Acare Technology
- Contec Medical Systems
- COMED
- MEDPLANT
- Heal Force Bio-Meditech Holdings
- medical Econet
- Microlife
- ARKY
- Advanced Instrumentations
- CA-MI
- Meditech
- Shanghai Berry Electronic Technology
- AVI Healthcare
- Recorders & Medicare Systems (RMS)
- Shanxi Jerry Medical Instrument
- Shenzhen Creative Industry
- Devon Medical Products
- Sunset Healthcare Solutions
- Compass Health Brands
- IN4 Technology
- Progetti
- Vyaire Medical
- HUM Society for Homecare and Medical Technology
- Oxitone Medical
- Bitmos
- Beijing Choice Electronic Technology
- Mediaid
- RADIMED
- Shenzhen Unicare Electronic
- COMDEK
- Medlab Clinical
- Charmcare
- GETEMED Medical and Information Technology
- Nureca
- Maxtec
For more information about this report visit https://www.researchandmarkets.com/r/rbk6eo
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