Vancouver, BC -- (SBWIRE) -- 01/21/2021 -- Frequent monitoring of respiratory situations in patients has become important since the outbreak of the latest coronavirus. Owing to the incorporation of artificial intelligence into pulse oximeters, the market for target medical devices is expected to grow significantly. In the forecast era, growing awareness among individuals about the seriousness and increasing incidences of neonatal conditions and awareness of patient monitoring is expected to boost the pulse oximeter industry.

Pulse Oximeter Market Drivers

Growing from USD 2180.9 million in 2019 to USD 3534.4 million in 2027, the global pulse oximeter market is expected to register a CAGR of 7.1 percent.

Key market companies studied and profiled for this research include GE Healthcare, Philips Healthcare, Medtronic, CAS Medical Systems, Masimo, Nonin Medical, Smiths Medical, Welch Allyn, Spacelabs Healthcare and Meditech Equipment among other companies.

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Frequently Asked Question:

At What rate will the Pulse Oximeter Grow...? What Will be the value of the Market in 2027...?

What are the Key technologies driving the Pulse Oximeter Across Market?

What Would be  the impact of Pulse Oximeter Across Different Regions?

What are the strategies adopted by Players to enter the Asia Pacific Regions?

What is the key applications of Pulse Oximeter in the different sectors?

What are future growth strategies in the Market?

The growth of the pulse oximeter market is projected to be boosted by the growing prevalence of hypertension, asthma, chronic obstructive pulmonary disease (COPD), diabetes, sleep apnea, and cardiac arrhythmia, among other diseases. Pulse oximetry-related tests are painless, non-invasive, and detect levels of oxygen saturation in the body easily. Furthermore, these advantageous characteristics are projected to propel the market for pulse oximeters in the industry over the forecast period.

Product Outlook (Revenue in Million USD; 2017–2027)
Hand-held
Fingertip
Tabletop
Wrist-worn
Other

Sensor Type Outlook (Revenue in Million USD; 2017–2027)
Reusable
Disposable

End User Outlook (Revenue in Million USD; 2017–2027)
Hospitals
Healthcare & Diagnostic Centers
Home Care

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Pulse Oximeter Market: Regional Outlook

Due to the growing prevalence of target diseases, favorable reimbursement policies, technical developments in oximeters and increasing awareness among citizens, North America dominated the pulse oximeter market in 2019. However, the high costs associated with treatment, manufacturing defects in medical devices, and lack of knowledge among low and middle individuals, among other adverse scenarios, are predicted to impede the growth of the pulse oximeter industry.

Due to the rising occurrence of target diseases and future investment opportunities for key players, Asia Pacific reported the highest CAGR of 8.2 percent. In addition, because of the high population density, developing countries such as India and China have a wider market than other countries in the region as they have a considerably large patient pool.

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Pulse Oximeter Market Segmentation & Impact Analysis

    4.1. Pulse Oximeter Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increasing drug discovery

                    4.2.2.2. Increasing prevalence of target disease

                    4.2.2.3. Rising technological advancements

    4.3. Market restraints analysis

                    4.3.1.1. High Cost of treatment

    4.4. Technological Insights

    4.5. Product Pipeline Analysis

    4.6. Regulatory Framework

    4.7. Porter's Five Forces Analysis

    4.8. Competitive Metric Space Analysis

    4.9. Price trend Analysis

    4.10. Covid-19 Impact Analysis

Chapter 5. Pulse Oximeter Market By Product Insights & Trends, Revenue (USD Million)

    5.1. Product Dynamics & Market Share, 2019 & 2027

          5.1.1. Hand-held

          5.1.2. Fingertip

          5.1.3. Tabletop

          5.1.4. Wrist-worn

          5.1.5. Other

To Be Continued…!

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