24th May 2019 - Global Pulse Oximetry Market size is anticipated to reach USD 2,194.72 million by 2022. Pulse Oximeter is a device that catches pulsatile signal in toe or finger and can calculate the amount of pulse rate and hemoglobin. The factors that propel the growth of the market include increasing need for home monitoring, rising cases of chronic diseases such as obesity, surge in the occurrence rate of chronic obstructive pulmonary disorder, cardiovascular disorders, and growing consciousness about progressive pulse oximeters, increase in the occurrence rate of chronic obstructive pulmonary disease, upsurge in healthcare spending in the developing economies, and high demand for proactive monitoring. On the other hand, there are factors that may hamper the growth of the market including lack of consciousness in emerging regions.
Global Pulse Oximetry market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Masimo Corp
- CAS Medical Systems
- Zensorium
- Covidien PLC
- Medtronic
- Opto Circuits
- Nonin Medical
- Smith Medical and more…
Market could be explored by product type, end users and geography. Market could be explored by product type as Handheld pulse oximeters, Fingertip pulse oximeters, and Others. The “Handheld pulse oximeters” segment led the pulse oximetry market in 2015 and will continue to lead in the forecast period. The key factors that could be attributed to the growth of the market includes an increasing number of surgeries, usage of vital stats monitoring devices during every procedure and increasing consciousness about the importance of monitoring.
Based on end users, market could span Homecare and Hospitals and other healthcare services. The “Hospitals and other healthcare facilities” segment led the market in 2015 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the market includes the presence of a huge patient base with target diseases such as hypertension, COPD, cardiac arrhythmia, and sleep apnea.
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North America accounted for the major share of the pulse oximetry market in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the existence of key players, good health consciousness among people, a huge number of respiratory diseases and rising aged population in this region. North America is followed by Europe and Asia-Pacific region owing to growing consciousness about patient security during anesthesia and surgery, increasing demand.
Market segment by Type, the product can be split into
- Stand-alone Devices
- Multi-parameter Units
Market segment by Application, Pulse Oximetry can be split into
- Chronic Obtrusive Pulmonary Disorder
- Cardiac disorders
- Others
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