“The Pulse Oximeters Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to efficient diagnosis of critical health conditions and ability to track the health status of patients in home settings.
Precision Business Insights (PBI) in its report titled “Pulse Oximeters Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the pulse oximeters market revenue growth over forecast period.
The pulse oximeters market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased prevalence of chronic disease will create a demand for the pulse oximeters market. The global pulse oximeters market is driven by factors such as rise in incidence of chronic diseases and surge in geriatric population. However, factors such as lack of awareness in developing regions is anticipated to hamper the pulse oximeters market growth. Moreover, increase in healthcare expenditure in the emerging economies and high demand for proactive monitoring are expected to unleash new opportunities for market players.
Pulse oximeters market segmented on the basis of product type, end user and region.
Table-top/ Bedside Segment Expected to Dominate the Pulse Oximeters Market
Based on product type pulse oximeters the market is segmented into fingertip, hand-held, wrist worn and table-top/bedside. The table-top/bedside pulse oximeters segment is anticipated to dominate the global pulse oximeters market over the forecast period, owing to increase in the global incidence of respiratory disorders, such as COPD. The fingertip pulse oximeters segment is projected to be the fastest growing segment, on account of the benefits such as ease of use and increase in home healthcare facilities, globally.
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Hospitals and Clinics Will Dominate the Revenue Share.
Based on end-user type, pulse oximeters market is segmented into ambulatory surgical centers, hospitals, clinics and homecare settings. The hospitals & clinics segment was the highest revenue contributor to the global market in 2015, accounting for $XX million, and is estimated to garner $XX million by 2025, registering a CAGR of XX% during the forecast period. These devices facilitate early detection of a patients deteriorating health condition; thereby, enabling speedy intervention and diagnosis of diseases. However, the ASCs segment is estimated to grow at the highest CAGR of XX% during the forecast period.
North America, Accounts for Major Revenue Share for Pulse Oximeters Market
Precision Business Insights (PBI), pulse oximeters market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share owing to factors such as increase in prevalence of chronic diseases, well established healthcare infrastructure, and increase awareness of pulse oximeters.
Launch of New Product Play Vital Role in Veterinary Pulse Oximeters Market
Launch of the product will play an important role in the development of the pulse oximeters market. For instance, In June 2015, Masimo also launched MightySat Rx Pulse Oximeter, which was compatible with smartphones and tablets. The product helps clinicians track up to 12 hours of the patient’s data, thereby, helping them monitor the patient remotely. In 2015, Nonin Medical, Inc. launched the NoninConnect Model 3230 Bluetooth Smart wireless finger pulse oximeters outside the U.S.
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Key players in the 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).
Detailed Segmentation
By Product Type
o Fingertip
o Hand-Held
o Table-Top/Bedside
o Wrist-Worn
By End Users
o Hospitals
o Clinics
o Ambulatory Surgical Centers (ASC)
o Homecare Settings
Geography
o North America
U.S.
Canada
o Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
o Asia-Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
o Latin America
Brazil
Mexico
Argentina
Chile
Rest of Latin America
o Middle East and Africa
South Africa
Gulf Cooperation Council Countries(GCCC)
Rest of MEA
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