The pulse oximeter market is expected to reach USD 3,534.4 Billion by 2027, according to a new report by Emergen Research. Rising consciousness regarding severity and growing incidences of neonatal conditions along with awareness about patient monitoring among people is anticipated to boost the pulse oximeter sales in the forecast period.
The increasing frequency of hypertension, asthma, chronic obstructive pulmonary disease (COPD), diabetes, sleep apnea, and cardiac arrhythmia, among other diseases, contribute to the growth prospects of pulse oximeter market.
Pulse Oximeter Market Size – USD 2,180.9 million in 2019, Pulse Oximeter Market Growth - CAGR of 7.1%, Pulse Oximeter Industry Trends – Prevalence of Congenital Heart Disease (CHD) and Chronic Obstructive Pulmonary Disease (COPD), potential investment opportunities and technological advancements.
Tests related to pulse oximetry are painless, non-invasive, and enables rapid detection of oxygen saturation levels in the body. These gainful features are anticipated to drive the industry demand for pulse oximeters over the forecast period. Besides, the outbreak of novel coronavirus has led to frequent monitoring of respiratory conditions in infected patients. The integration of artificial intelligence in pulse oximeters is set to raise the demand for target medical devices.
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The major companies Covered in the report are:
GE Healthcare, Philips Healthcare, Medtronic, CAS Medical Systems, Masimo, Nonin Medical, Smiths Medical, Welch Allyn, Spacelabs Healthcare and Meditech Equipment among other companies.
The latest research study endows the reader with a comprehensive analysis of the product types of the global Pulse Oximeter market, categorizing the relevant information into the market share, production growth rate, and profit valuation of each product type. The study focuses on the wide-ranging application landscape of the market, segmenting it into the market share, estimated growth rate, and the forecast product demand for each application type.
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Segments Covered in this report are:
Emergen Research have segmented the global Pulse Oximeter Market on the basis of product, sensor type, end-uses, and region:
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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Key factors affecting the growth of the global Pulse Oximeter market:
Geographical Overview:
- The latest report broadly categorizes the global Pulse Oximeter market into several geographical terrains, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
- The study is inclusive of essential information relevant to each region in this broad industry segment, along with the key drivers of the regional market growth.
- The report further estimates the revenue accumulated by these regions over the forecast period.
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