Pulse Oximeters Market to Surpass US$ 6,123.5 Million by 2030 - Coherent Market Insights

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)

To know the latest trends and insights prevalent in the Asia Pacific Wound Care Biologics Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/pulse-oximeter-market-467

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.

Key Takeaways of the Global Medical Cleanroom Gloves Market:

• Global pulse oximeter market is expected to exhibit a CAGR of 9.8% during the forecast period due to increasing adoption of organic strategies such as acquisitions by key players in market. For instance, in July 2020, Hill Rom Services Inc. launched the Hillrom Extended Care Solution, a new, connected remote vital signs monitoring device. Hillrom’s Extended Care Solution combines the Welch Allyn Spot Vital Signs 4400 device, an all-in-one vital signs solution, with the Connex App. The Spot Vital Signs 4400 device is a comprehensive, clinical-grade solution that takes a patient’s vital signs including temperature, SpO2, blood pressure, and pulse.
• On the basis of region, North America is estimated to account for largest market share in the global pulse oximeter market in 2022, owing to launch of new pulse oximeter products in the region. For instance, in March 2021, Nonin Medical, Inc., based in Plymouth, Minnesota, USA, a global leader in noninvasive medical monitoring, announced the launch of two new disposable products – a single-use wristband and a sensor for use with Nonin’s WristOx2 3150 wrist-worn pulse oximeter (SpO2). The new single-use accessories offer secure placement on a patient’s wrist or finger and are comfortable for extended wear for pulse oximetry and pulse rate monitoring.
• Major players operating in the global pulse oximeters market include 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, Contec Medical Systems Co., Ltd., ChoiceMMed, CONMED Corporation, Stryker, Medline Industries, Inc., Curbell Medical Products, Inc., and Ecomed