The global 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.
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.
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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. 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.
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.
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.
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)
Sensor Type Outlook (Revenue in Million USD; 2017–2027)
End User Outlook (Revenue in Million USD; 2017–2027)
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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
Chapter 6. Pulse Oximeter Market By Sensor type Insights & Trends Revenue (USD Million)
6.1. Sensor Type Dynamics & Market Share, 2019 & 2027
6.1.1. Reusable
6.1.2. Disposable
Chapter 7. Pulse Oximeter Market By End Use Insights & Trends Revenue (USD Million)
7.1. End Use Dynamics & Market Share, 2019 & 2027
7.1.1. Hospitals
7.1.2. Healthcare & Diagnostic Centers
7.1.3. Homecare
7.1.4. Others
Chapter 8. Pulse Oximeter Market Regional Outlook
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