According to the latest report by IMARC Group, titled “Pulse Oximeters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global pulse oximeters market share reached a value of US$ 2.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.25 Billion by 2027, exhibiting at a CAGR of 7.1% during 2022-2027. A pulse oximeter is a small, portable electronic device that is widely used for monitoring oxygen levels in the blood. It functions by placing the finger inside the device, upon which the blood oxygen level and heart rate of an individual is displayed on the screen. As a result, it offers valuable insights into the oxygen saturation percentage and breathing activity of neonates under certain drugs.
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.
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Global Pulse Oximeters Market Trends:
The global pulse oximeter market is primarily driven by the increasing prevalence of respiratory diseases among individuals. In line with this, product sales are continually rising amid the rapid expansion of the COVID-19 pandemic. In addition to this, the increasing prevalence of chronic diseases among the geriatric population is also creating a positive outlook for the market. Moreover, the expanding adoption of pulse oximeters for remote and self-monitoring purposes, continual product innovations and the easy product availability in online pharma stores are further providing an impetus to the market growth.
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Key Market Segmentation:
Competitive Landscape with Key players:
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)
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 (2016-2021)
- Market Outlook (2022- 2027)
- 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.
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