Global Pulse Oximeter Market to Exceed Revenue up to US$ 6,123.5 Million by 2030Global Pulse Oximeters Market to Exceed Revenue up to US$ 6,123.5 Million by 2030

 

Pulse Oximeter Market

A Pulse Oximeter is an electric device that measures the amount of oxygen in red blood cells. It can be attached to the fingers, the forehead, the nose, the foot, the ears, or the toes to measure the oxygen count in red blood cells. It is a noninvasive, rapid, and continuous method of monitoring oxygenation that allows for the early detection of changes in a patient's clinical status. Modern pulse oximeters can measure the amount of red and infrared light in an area of pulsatile blood flow. Blood oxygen saturation (SpO2), pulse rate, and perfusion index are all measured by a pulse oximeter (PI).

The rising prevalence of Cardiovascular Diseases such as coronary heart disease, peripheral arterial disease, and others is expected to drive the global pulse oximeter market during the forecast period. According to the World Health Organization, Cardiovascular Diseases (CVDs) will be the leading cause of death globally in 2021. In 2019, an estimated 17.9 million people died from CVDs, accounting for 32% of all global deaths. 85% of these deaths were caused by a heart attack or a stroke.

The global Pulse Oximeters Market is expected to be worth $3,426.3 million in 2022, with a CAGR of 7.5% during the forecast period (2022-2030).

Cardiovascular Diseases were responsible for 38% of the 17 million premature deaths (under the age of 70) caused by noncommunicable diseases in 2019. Furthermore, the National Center for Biotechnology Information estimates that the prevalence of coronary artery disease (CAD) among Indians in 2020 will be 21.4% for diabetics and 11% for non-diabetics. The prevalence of CAD was nearly half that of the urban population in rural areas of the country.

Over the forecast period, increased product launches are expected to drive market growth. For example, Masimo, a global medical technology company based in California, USA, launched Dual Set Pulse Oximeter in November 2021. The Dual Set Pulse Oximeters were introduced by making specific technological changes to guide Critical Congenital Heart Disease (CCHD) screening, as well as adding the Eve CCHD Newborn Screening Application. The inbuilt Eve application, customised to align with a hospital's Critical Congenital Heart Disease (CCHD) screening protocol, provided two simultaneous measurements of oxygen saturation (SpO2) at pre and post ductal sites during the newborn screening.

Pulse Oximeters Market Segmentations-

·        By Product Type: Table-top/Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Wrist-worn Pulse Oximeters, Handheld Pulse Oximeters

·        By Sensor Type: Disposable Sensor Pulse Oximeter, Reusable Sensor Pulse Oximeter, Reprocessed Sensor Pulse Oximeter

·        By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings, Other End User

Major Companies Listed are Masimo, Medtronic Plc, Nihon-Kohden Corporation, GE Healthcare, Koninklijke Philips N.V., Hill-Rom Services, Inc.,Smiths Medical, Nonin, MICROTEK, OSI Systems, Inc. Honeywell International Inc., Promed Technology Co.Ltd., Beurer

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