The pulse oximeters market report gives a comprehensive outlook on pulse oximeters across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). The report on pulse oximeters market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, end user, and geographic regions. This report studies pulse oximeters market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the pulse oximeters market report includes technology advancements; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
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Global pulse oximeters market estimated to be valued US$ 1,724 Mn in 2017 and poised to grow at CAGR of 6.3% over 2017-2023. Market for pulse oximeters projected to reach US$ 2,486 Mn by 2023 owing to increasing prevalence of cardiovascular and respiratory diseases such as Ischemia, cardiac arrhythmias sleep apnea, and Chronic Obstructive Pulmonary Disease (COPD)
The advances in pulse oximeters design and function such as user-friendliness and efficient performance expected to create demand for the pulse oximeters over the forecast period. Moreover, recent advances like the development of wireless pulse oximeters are expected to increases adoption of these devices in critical care settings where early medical intervention is necessary.
The rise in adoption of pulse oximeters as monitoring standard during anaesthesia procedure in critical care set-ups, rising prevalence of cardiovascular and respiratory diseases which in turn promotes homecare usage are expected to drive market revenue growth over the forecast period.
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Currently, North America market leads the global pulse oximeters market and projected to remain same over the forecast period owing to wider product choices and rise in adoption in across healthcare setups. Asia-pacific pulse oximeters market holds a significant share in global pulse oximeters market and projected to grow at significant CAGR over the forecast period owing to product introduction and availability of large addressable market.
Competition Assessment
Key players profiled in the global pulse oximeters market include:
• Becton Dickinson and Company (U.S)
• CAS Medical Systems, Inc (U.S)
• GE Healthcare (U.K)
• Koninklijke Philips N.V. (Netherlands)
• Masimo Corporation (U.S)
• Meditech Equipment Co. Ltd. (China)
• Medtronic plc. (U.S)
• Nihon Kohden Corporation. (Japan)
• Nonin Medical, Inc. (U.S)
• OMRON Corporation (Japan)
• Opto Circuits India Ltd. (India)
• Smiths Group plc. (U.K)
• Spacelabs Healthcare (OSI Systems, Inc) (U.S)
• Zensorium (Singapore)
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