DUBLIN–(BUSINESS WIRE)–The “Global Pulse Oximeter Market Report and Forecast 2023-2031” report has been added to ResearchAndMarkets.com’s offering.
The global pulse oximeter size attained a value of USD 2.4 billion in 2022. The market is anticipated to grow at a healthy CAGR during the forecast period of 2023-2031 to attain a value of USD 4.2 billion by 2031.
A pulse oximeter is a non-invasive medical device used to measure the oxygen saturation level (SpO2) in a person’s blood, as well as their pulse rate. Oxygen saturation refers to the percentage of haemoglobin molecules in the blood that are carrying oxygen, and a normal SpO2 level ranges from 95% to 100% for healthy individuals.
The key drivers and developments in the pulse oximeter market can be attributed to several factors. The increasing prevalence of chronic respiratory diseases, such as COPD, asthma, and sleep apnea, has contributed to a growing demand for pulse oximeters.
Advancements in technology have led to the development of smaller, more portable, and user-friendly devices, making it easier for individuals to monitor their oxygen levels at home or on-the-go. The COVID-19 pandemic has further highlighted the importance of pulse oximeters, as they have been used extensively to monitor patients with severe respiratory symptoms and help identify early signs of hypoxia.
Additionally, there is a growing awareness of the importance of maintaining optimal oxygen levels in athletic performance and high-altitude activities, leading to an increased demand for pulse oximeters among these populations. Lastly, government initiatives and favourable reimbursement policies have played a role in supporting the adoption of pulse oximeters in various healthcare settings.
Key Players
The report gives an in-depth analysis of the key players involved in the pulse oximeter market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
Medtronic, plc
Koninklijke Philips N.V
Nonin Medical, Inc
Nihon Kohden Corporation
ICU Medical Inc
Masimo Osterreich GmbH
GE Healthcare
CareFusion Corp (Vyaire)
CASMED (Edwards Lifesciences Corporation.)
Opto Circuits India Ltd
Smiths Medical
Welch Allyn
Spacelabs Healthcare
Zensorium
Meditech Equipment Co., Ltd
Uses and benefits of a pulse oximeter include:
Monitoring oxygen levels: Pulse oximeters are commonly used to monitor the oxygen levels of patients with respiratory illnesses, such as chronic obstructive pulmonary disease (COPD), asthma, or pneumonia, to ensure adequate oxygenation
Assessing the effectiveness of interventions: Medical professionals use pulse oximeters to evaluate the effectiveness of treatments, such as oxygen therapy or mechanical ventilation, in improving a patient’s oxygenation status
Detecting hypoxia: A pulse oximeter can help detect hypoxia (low oxygen levels) in patients, allowing for timely intervention and preventing potential complications, such as organ damage or failure
Monitoring during surgeries and procedures: Pulse oximeters are used during surgeries and procedures that involve sedation or anaesthesia to ensure the patient’s oxygen levels remain stable throughout the procedure
Evaluating sleep apnea: Sleep specialists may use pulse oximeters to monitor a patient’s oxygen levels during sleep, helping to identify and diagnose sleep apnea or other sleep-related breathing disorders
Assessing fitness and athletic performance: Athletes and fitness enthusiasts use pulse oximeters to monitor their oxygen levels and heart rate during exercise, ensuring they are maintaining adequate oxygenation and optimizing their performance
Altitude acclimatization: Pulse oximeters are useful for individuals traveling to high-altitude locations, as they can help monitor oxygen levels and assist in identifying altitude-related illnesses, such as acute mountain sickness or high-altitude pulmonary oedema
The benefits of using a pulse oximeter include its non-invasive nature, ease of use, rapid results, and the ability to provide continuous monitoring in various settings.
Market Segmentation
The market can be categorised into type, product, technology, age group, end use, route of administration, treatment channel, distribution channel, end user, and major region.
by Type
Fingertip Pulse Oximeters
Handheld Pulse Oximeters
Tabletop Oximeters
Others
by Product
Sensors
Disposable Sensors
Reusable Sensors
Equipment
by Technology
Conventional
Connected
by Age Group
Adults
Paediatric
Infants
Neonatal
by End Use
Hospitals and Ambulatory Surgical Centres
Clinics
Home Healthcare
Others
by Route of Administration
Oral
Parenteral
Inhalations
Others
by Treatment Channel
Public
Private
by Distribution Channels
Hospitals Pharmacy
Online Pharmacy
Retail Pharmacy
Others
by End User
Hospitals
Clinics
Homecare Settings
Others
For more information about this report visit https://www.researchandmarkets.com/r/1gssut
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900