Pulse Oximeters Market Is Anticipated To Reach $2.8 Billion By 2025: Grand View Research, Inc.
The global pulse
oximeters market is expected to reach USD 2.8 billion by 2025,
based on a new report by Grand View Research, Inc. The pulse oximeters market
is anticipated to witness significant growth during the forecast period, which
can be attributed to the growing prevalence of target diseases such as chronic
obstructive pulmonary disease (COPD), sleep apnea, cardiac arrhythmia, and
ischemic conditions.
Technological advancements in pulse oximeters to make the
device more efficient and user-friendly can boost the demand. For instance, in
August 2015, Nonin Medical, Inc. launched NoninConnect Model 3230, a wireless
fingertip oximeter that can be operated via Bluetooth. The product has low
power usage and was intended for identification of early intervention patients
with respiratory conditions such as COPD.
Browse full research report on Pulse Oximeters
Further key findings from the study suggest:
- Handheld
pulse oximeters dominated the market in 2015, which is attributed to the
rising number of surgeries and emphasis on patient safety during
anesthesia. These type of devices are preferred for long-term monitoring
in hospitals and emergency rooms.
- Fingertip
oximeters is the most lucrative segment of the industry. The ease in the
use of these devices is the key reason for its growing popularity. Its
availability in stores such as Wal-Mart and CVSis also anticipated to add
to its growing popularity.
- By end-users,
the hospitals and other healthcare facilities segment dominated the market
in 2015 and is expected to maintain its dominance during the forecast
period, due to the presence of a large patient base and growing use of the
vital stats monitoring devices.
- Geographically,
North America held the largest market share in 2015 and is expected to
maintain its position during the forecast period. The mandatory CCHD
screening for newborns imposed by the Centers for Disease Control and
Prevention (CDC) and American Academy of Pediatrics (AAP) in September
2014 is the key reason for the dominance.
- Asia
Pacific is anticipated to observe the fastest growth over the coming
years. Increasing investment of industry players in this region is the key
reason for this growth. In January 2017, Masimo launched two patient
monitoring products in India, namely, Rad-97 Pulse-CO Oximeter and SedLine
Brain Function Monitoring. These products are expected to improve the
patient monitoring capabilities of clinicians in the region.
- Some
of the key players are Covidien; CareFusion Corp; GE Healthcare;
Koninklijke Philips N.V.; Masimo; CAS Medical Systems, Inc.; Opto Circuits
India Ltd.; Nonin Medical, Inc.; Smiths Medical; Welch Allyn; Spacelabs
Healthcare; Zensorium; Meditech Equipment Co. Ltd.; and Nihon Kohden
Corporation.
Browse more reports of this category by Grand View
Grand View Research has segmented the pulse oximeters market
by type, end-users, and region:
Type Outlook (Market Revenue in USD Million, 2013 - 2025)
- Fingertip
pulse oximeters
- Handheld
pulse oximeters
- Others
End-Users Outlook (Market Revenue in USD Million, 2013 -
2025)
- Hospitals
and other healthcare facilities
- Homecare
Regional Outlook (Market Revenue in USD Million, 2013 -
2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa
- South
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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