Pulse Oximeter Market: Current Analysis and Forecast (2021-2027)

Pulse Oximeter Market: Current Analysis and Forecast (2021-2027)

The pulse oximeter is a painless and non-invasive test for the detection of oxygen saturation levels in the blood. The pulse oximeter is a small device that consists of a sensor and a monitor. The sensor detects the blood flow through the finger and the monitor describes the pulse rate as heart rate. The normal range of blood oxygen level (SpO2) in the body should be 95-100%.

The demand for Pulse Oximeter is increasing on account of the rise in initiatives taken by the government, the high use of pulse oximeter for anesthesia during surgery, the advancements in artificial intelligence, increase in mobile-based platforms, increase in the use of wearable devices, advancements in the microprocessor technology, advancement in the photoelectric sensors, rise in the number of product launches. Moreover, the wide application of the pulse oximeter in various diseases such as cardiovascular disease, sickle cell anemia, and other chronic respiratory diseases also propels the market growth. For instance, in January 2020, WHO declared the novel coronavirus outbreak a public health emergency of international concern (PHEIC), which led to the high demand for a large number of pulse oximeter.

Insights Presented in the Report

“Amongst Product Type, Fingertip segment holds the major share.”

Based on Product Type, the market is fragmented into Fingertip, Table-top, Wrist-worn, and Hand-held. The fingertip pulse oximeter is a device that is attached painlessly to the tip of a finger and sends two wavelengths of lights for the measurement of oxygen saturation and pulse rate in the body. The fingertip pulse oximeter is expected to record the highest growth in the upcoming years owing to its low cost, high accuracy, and efficacy. Moreover, the wireless fingertip oximeter provides data access to the iOS or Android apps that record heart reading as well as oxygen saturation. For instance, Dr Trust has launched pulse oximeter 209 which provides easy and precise results. This fingertip pulse oximeter is USFDA approved and comes along with different features such as alarm, audiovisual indication, and respiration rate measurement.

“Amongst Sensor Type, Reusable is anticipated to grow at the highest CAGR during the analyzed period.”

Based on Sensor Type, the market is fragmented into Reusable and Disposable. The reusable sensor type is mainly used for the non-invasive and continuous monitoring of pulse rate and oxygen saturation levels. The sensor is attached to the monitor and it measures the red light and infrared absorption of oxygenated hemoglobin and deoxygenated hemoglobin. Further, the sensor is attached to the data acquisition system which helps to calculate and display the heart rate and oxygen saturation levels. The reusable segment is expected to record the highest growth in the upcoming years owing to its precise and continuous results, more stable gripping, and capability to store a large record of patients.

Amongst Patient Type, the Adult segment holds the major share”

Based on Patient Type, the market is fragmented into Neonatal, Pediatric, and Adult. Adult patients are expected to show the highest growth in the upcoming period owing to the increase in the geriatric population globally. As per the United Nations, Department of Economic Social Affairs (2019), there were 703 million persons aged 65 years or over globally. The old-aged population is projected to reach 1.5 billion by the end of 2050.

Amongst End-user, the Homecare segment holds the major share”

Based on End-user, the market is fragmented into Hospitals, Clinics & Healthcare Facilities, Home Care, and Diagnostic Centers. The hospital sub-segment is expected to record the highest growth in the upcoming years owing to the high use and adoption of the pulse oximeter. Today, the COVID-19 pandemic has led to the high demand for oxygen administration as supportive management. As per the Pan American Health Organization, 75% of all hospitalized patients require supplemental oxygen treatment.

“North America signifies one of the largest markets and Europe is expected to be the fastest-growing markets of Pulse Oximeter Market.”

For a better understanding of the market dynamics of the Pulse Oximeter Market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America dominated the market and generated revenue of USD XX million in 2020 owing to the presence of key players in the region, government support, and increasing awareness regarding the benefits offered by these devices.

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  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry


1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Limitations
1.3 Stake Holders
1.4 Currency Used in Report
2 RESEARCH PROCESS & RESEARCH METHODOLOGY
2.1 Research Process of the Pulse Oximeter Market
2.2 Research Methodology of the Pulse Oximeter Market
2.3 Forecasting Method
2.4 Respondent Profile
2.5 Main Objective of the Pulse Oximeter Market Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL PULSE OXIMETER MARKET ANALYSIS 2019-27F
6 MARKET INSIGHTS BY PRODUCT TYPE
6.1 Fingertip
6.2 Table-Top
6.3 Wrist-Worn
6.4 Hand-Held
7 MARKET INSIGHTS BY SENSOR TYPE
7.1 Reusable
7.2 Disposable
8 MARKET INSIGHTS BY PATIENT TYPE
8.1 Neonatal
8.2 Pediatric
8.3 Adult
9 MARKET INSIGHTS BY END-USER
9.1 Hospitals
9.2 Clinics & Healthcare Facilities
9.3 Home Care
9.4 Diagnostic Centers
10 MARKET INSIGHTS BY REGION
10.1 NORTH AMERICA PULSE OXIMETER MARKET
10.1.1 United States
10.1.2 Canada
10.1.3 Rest of North America
10.2 EUROPE PULSE OXIMETER MARKET
10.2.1 Germany
10.2.2 France
10.2.3 United Kingdom
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 ASIA PACIFIC PULSE OXIMETER MARKET
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 Rest of Asia Pacific
10.4 REST OF WORLD PULSE OXIMETER MARKET
11 Demand and Supply Side Analysis
11.1 Demand Side Analysis
11.2 Supply Side Analysis
11.2.1 Top Product Launches
11.2.2 Top Business Partnerships
11.2.3 Top Business Expansions, Investments, and Divestitures
11.2.4 Top Merger and Acquisitions
12 Value Chain Analysis
13 Global Pulse Oximeter Market Trends & Insights
14 Global Pulse Oximeter Market Dynamics
14.1 Drivers
14.2 Challenges
14.3 Impact Analysis
15 Global Pulse Oximeter Market Opportunities
16 Competitive Scenario
17 Company Profiled
17.1 Medtronic
17.2 Carefusion Corp
17.3 GE Healthcare
17.4 Philips Healthcare
17.5 Masimo
17.6 CAS Medical Systems, Inc.
17.7 Opto Circuits India Ltd
17.8 Nonin Medical, Inc.
17.9 Smith’s Medical
17.10 Welch Allyn
17.11 Spacelabs Healthcare
18 Disclaimer

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