Pulse Oximetry Market in Japan 2017-2021
About Pulse Oximetry
Pulse oximetry is a noninvasive test used to measure the oxygen saturation level in the blood. The principle of pulse oximetry is based on spectrophotometry. The testing method is easy and painless. A pulse oximeter monitors the amount of oxygen being sent to the different parts of the body. It has a clip-like device, which is attached to a thin body part such as fingertips or earlobes. Pulse oximeters are also used to check the health of individuals with medical conditions that affect blood oxygen levels such as heart attack, heart failure, chronic obstructive pulmonary disease (COPD), anemia, lung cancer, asthma, and pneumonia.
Technavio’s analysts forecast the pulse oximetry market in Japan to grow at a CAGR of 5.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the pulse oximetry market in Japan for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Pulse Oximetry Market in Japan 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Pulse Oximetry Market in Japan 2017-2021
Technavio recognizes the following companies as the key players in the pulse oximetry market in Japan: GE Healthcare, Koninklijke Philips, Medtronic, and NIHON KOHDEN.
Other Prominent Vendors in the market are: BD (CareFusion), CONTEC MEDICAL SYSTEMS, Drägerwerk AG, Masimo, NISSEI HOLDINGS, Nonin Medical, OMRON, Santa Medical, Schiller, and Smiths Medical.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising smartphone-based pulse oximeters. Smartphone-based pulse oximeters have evolved, and they are a cost-efficient alternative to conventional pulse oximeters. Smartphone-based pulse oximeters are expanding to the middle and low-income countries. They can prevent the death of young children from common diseases such as pneumonia and diarrhea.”
According to the report, one driver in the market is rising number of surgeries. According to World Bank data, 4,511.10 surgical procedures were performed per 100,000 population around the world in 2012. At present, anesthesia is used during surgery and efforts are being made to establish pulse oximetry as a mandatory procedure for patient monitoring during anesthesia. The use of pulse oximeters during surgery has increased over the years. During surgery, the oxygen saturation in the blood can fall below the optimal level as anesthesia or other drugs may affect breathing and ventilation of the patient.
Further, the report states that one challenge in the market is increasing use of reusable pulse oximeters. Reusable pulse oximeters have been proven to be economical. The cost saving can be significant. They do not compromise patient safety. The major factor in achieving cost-effectiveness of reusable equipment is their careful usage, for instance, proper sterilization after every use and preventing inadvertent disposal. Healthcare workers need to be trained for the proper usage of reusable oximeters. The increasing use of reusable pulse oximeters has led to cost saving for the patients as well as the hospitals.
GE Healthcare, Koninklijke Philips, Medtronic, NIHON KOHDEN, BD (CareFusion), CONTEC MEDICAL SYSTEMS, Drägerwerk AG, Masimo, NISSEI HOLDINGS, Nonin Medical, OMRON, Santa Medical, Schiller, and Smiths Medical.