Global Pulse Oximeter Market Report 2023: Sector is Expected to Reach $4.2 Billion by 2031 - ResearchAndMarkets.com

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

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