Global Pulse Oximeter Market, by Product Type (Table-top/Bedside Pulse Oximeters,Fingertip Pulse Oximeters, Wrist-worn Pulse Oximeters, Handheld Pulse Oximeters), by Sensor (Disposable Sensor Pulse Oximeter, Reusable Sensor Pulse Oximeter, Reprocessed Sensor Pulse Oximeter), by End User (Hospital, Clinics, Ambulatory Surgical Centers, Homecare Settings, Other End User), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3,426.3 Mn in 2022 and is expected to exhibit a CAGR of 7.5% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Key players in the market are focused on raising awareness to use pulse oximeter, which is expected to help key players gain a strong foothold in market and create lucrative opportunities for key players to provide advanced oxygen saturation monitoring to their customers. For instance, in January 2022, FIGS, Inc., a direct-to-consumer healthcare apparel and lifestyle brand, announced that the company is including a free fingertip pulse oximeter in the first 10,000 orders of its products through the company website and its mobile app. An oximeter can be an early detection tool for respiratory problems including COVID-19. FIGS oximeter easily fits inside a bag or pocket, to check blood oxygen level and pulse regularly without the need for any large or heavy equipment.
Global Pulse Oximeters Market– Impact of Coronavirus (COVID-19) Pandemic
COVID-19 had a positive economic impact on the global pulse oximeter market, as pulse oximeters helped to monitor the health of COVID-19 infected patients. It helped doctors to determine if the patients needed medical care by determining their oxygen levels. As COVID-19 infection is associated with silent hypoxia, a condition when oxygen levels in the body are abnormally low in serious cases, it is necessary to monitor the oxygen levels. Demand and sales of pulse oximeters significantly increased during the COVID-19 pandemic. For instance, in July 2020, Hill Rom Services, Inc., a global medical technology leader, launched the Hillrom Extended Care Solution, a new connected remote vital signs monitoring device. To assist extend patient care beyond the walls of a healthcare facility, Hillrom's Extended Care Solution combines an all-in-one vital signs solution, the Welch Allyn Spot Vital Signs 4400 equipment, with a patient app and clinician review portal. The Spot Vital Signs 4400 device is a comprehensive, clinical-grade solution for measuring vital signs such as temperature, SpO2, blood pressure, and pulse.
Browse 33 Market Data Tables and 24 Figures spread through 178 Pages and in-depth TOC on “Global Pulse Oximeters Market”- Forecast to 2030, Global Pulse Oximeter Market, by Product Type (Table-top/Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Wrist-worn Pulse Oximeters, Handheld Pulse Oximeters), by Sensor ( Disposable Sensor Pulse Oximeter, Reusable Sensor Pulse Oximeter, Reprocessed Sensor Pulse Oximeter), by End User (Hospital, Clinics, Ambulatory Surgical Centers, Homecare Settings, Other End User), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key players in the market are adopting growth strategies such as product marketing in order to strengthen its position in market. For instance, On September 14, 2021, OSI Systems, Inc. announced that its Healthcare division, Spacelabs Healthcare, received an order valued at approximately US$ 3 million to provide patient monitoring solutions and related accessories to a Midwestern U.S.-based hospital. The company is expected to provide Xhibit Central Stations, Xprezzon patient monitors, and Qube patient monitors.
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