Las Vegas, USA, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Pulse Oximeters Market is Envisioned to Grow at a Remarkable CAGR of 10.3% and is also Speculated to Reach USD 3.3 Billion by 2026, Estimates DelveInsight
Increasing incidence observed in the case of chronic diseases and the outburst observed in cases of coronavirus pandemic is expected to increase the demand for Pulse Oximeters in the market, consequently driving the growth of the Pulse Oximeters market.
DelveInsight's Pulse Oximeters Market Insights and Forecast report provides the current and forecast Pulse Oximeters market, upcoming innovation in the devices, individual market shares of the devices, challenges, drivers and barriers, market trends, and key competitors in the Pulse Oximeters market.
Some of the essential takeaways from the Pulse Oximeters Market report:
- According to DelveInsight analysis, North America is expected to dominate the overall Pulse Oximeters market during the forecast period.
- Key pharma players working proactively in the Pulse Oximeters market include Medtronic, Nonin Medical Inc., Lepu Medical Technology, TytoCare Ltd., VYAIRE., OMRON Corporation, Meditech Equipment Co., Ltd, and others.
- As per an estimate by DelveInsight, Global Pulse Oximeters Market was valued at USD 1.9 billion in 2020, growing at a tremendous CAGR of 10.13% during the forecast period from 2021 to 2026, and is anticipated to reach USD 3.3 billion by 2026.
- On June 03, 2021, DetelPro had launched the pulse oximeter Oxy10. It has an LED display that allows the users to check the results.
- On January 21, 2021, Tyto Care had launched the pulse oximeters for measuring blood oxygen levels. The medical device is intended for checking blood oxygen saturation levels and heart rate remotely.
- On February 09, 2021, Medtronic had announced that the newborn study conducted by the company had shown superiority in the results of the Nellcor pulse oximeter against technology from Masimo. Masimo, on March 2021, secured CE mark approval for a rugged handheld device called Rad-G, a 2-in-1 device for pulse oximetry and temperature measurement.
- In January 2020, Vyaire Medical launched its MX40-a reusable telemetry adapter in the U.S. This product features a SpO2 port, which is compatible with Philips 9 pin pulse oximeter sensor and Masimo LNCS pulse oximeter.
Interested in knowing how the Pulse Oximeters Market will be growing by 2026? Click to get a snapshot of Pulse Oximeters Market Analysis
Pulse Oximeters Market Overview
The Pulse Oximeter is a small-sized, clip-like device that can be attached to the body part such as the toes or the earlobes. It is capable of rapidly detecting even small changes as to how efficiently the oxygen is being carried to the extremities away from the heart such as legs and arms. The device is most commonly used in critical care settings such as emergency rooms or hospitals and is most commonly put on the finger. It is used while monitoring several conditions including chronic obstructive pulmonary disease, asthma, pneumonia, lung cancer among other disorders. Factors such as the increase in the number of populations affected with COVID-19 will lead to a boost in the Pulse Oximeters market.
To pick on the latest highlights related to Pulse Oximeters get the snapshot of the key highlights entailed in the Pulse Oximeters Market report.
Pulse Oximeters Market Insight
Geographically, the global Pulse Oximeters market is studied for North America, Europe, Asia-Pacific, and the Rest of the World. If revenue share is considered North America is considered to be the leader of the global market as of now and is contemplated that it will also remain constant during the forecast period. However, the top position of North America will be continuously challenged by the European market. This domination is contributed by factors such as increasing adoption of pulse oximeters for remote and self-monitoring, and increasing patient demand in non-hospital settings. In the Pulse Oximeters product segment, the fingertip Pulse Oximeter (which is simply clipped to the fingers) is expected to hold the largest market during the forecasted period because these devices are cost-effective, easily affordable, and precise which increases the demand for fingertip Pulse Oximeters for self-monitoring of saturated oxygen level.
On March 03, 2020, Masimo had received the FDA clearance for a fingertip pulse oximeter, called MightySat Rx spot-check that helps in measuring the respiration rate. Due to the launch of such devices, there will be a greater demand expected for pulse oximeters, thereby positively influencing the pulse oximeters market. The incorporation of telehealth technology with these fingertip oximeters also act as contributing factor to the Pulse Oximeter market growth. For instance, the recent launch of artificial intelligence-powered Fingertip Pulse Oximeter (SpO2) by TytoCare Ltd on January 21, 2021, which enables remote monitoring at the time of the COVID crisis is likely to boost the pulse oximeter market.
Learn more about the Pulse Oximeters Market Landscape @ Pulse Oximeters Market Analysis
Pulse Oximeters Market Dynamics
An increase in surgical procedures, upcoming opportunities for point-of-care tests, recent FDA approvals obtained for Pulse Oximeters and technological advancements observed in Pulse Oximetry devices drive the regional growth. Furthermore, factors such as the availability of newly developed Fingertip Pulse Oximeters that are capable of measuring pulse rate, perfusion rate, and respiration rate along with detecting oxygen levels is also anticipated to propel the market. Increment in the number of cases affected with coronavirus, rising prevalence of respiratory disorders, new product launches will lead to an increase in the growth of the Pulse Oximeters market. Owing to the rise in the number of COVID-19 cases globally, there was a heavy demand observed for pulse oximeters in almost every country.
To gain a better understanding of the COVID-19 impact on Pulse oximeters, get a snapshot of the Pulse Oximeters Market Analysis.
Scope of the Pulse Oximeters Market Report
Study Period: 2018-2026
Key Companies: Medtronic, Nonin Medical Inc., Lepu Medical Technology, TytoCare Ltd., VYAIRE., OMRON Corporation, Meditech Equipment Co ., Ltd, among others
Pulse Oximeters Market Segmentation
By Product Type
- Fingertip Pulse Oximeters
- Handheld Pulse Oximeters
- Benchtop Pulse Oximeters
- Wearable Pulse Oximeters
By Age Group
- Adults
- Pediatrics
By End-User
- Hospitals
- Ambulatory Surgical Centers
- Homecare Settings
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (Middle East, Africa, and South America)
Delveinsight Analysis: The Pulse Oximeters Devices market is expected to grow at a CAGR of 10.13% and will reach USD 3.3 billion by 2026.
Table of Contents
| 1 | Pulse Oximeters Market Report Introduction |
| 2 | Pulse Oximeters Market Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Pulse Oximeters Market Key factors analysis |
| 5 | Pulse Oximeters Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Pulse Oximeters Market |
| 7 | Pulse Oximeters Market layout |
| 8 | Pulse Oximeters Global Company Share Analysis – Key 3-5 Companies |
| 9 | Pulse Oximeters Company and Product Profiles |
| 9.1 Medtronic 9.2 Nonin. 9.3 Lepu Medical Technology 9.4 TytoCare Ltd. 9.5 Meditech Equipment Co .,Ltd 9.6 VYAIRE. 9.7 OMRON Corporation 9.8 Promed 9.9 Smiths Medical 9.10 NISSEI HOLDINGS INC. 9.11 CONTEC MEDICAL SYSTEMS CO., LTD 9.12 Shenzhen Aeon Technology Co., Ltd. 9.13 Masimo 9.14 SPENGLER HOLTEX Group 9.15 Opto Circuits India Ltd. | |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
Learn more about the report offerings @ Pulse Oximeters Market Outlook
Discover more about the Medical Devices Reports to diagnose, prevent and cure various diseases, along with key players developing several devices to drive the treatment market.
Related Reports
Embolic Protection Devices Market
DelveInsight’s ‘Embolic Protection Devices-Market Insights, Competitive Landscape and Market Forecast - 2026’ report delivers an in-depth understanding of Embolic Protection Devices, historical and forecasted Embolic Protection Devices market trends, market drivers, market barriers and key companies involved like Abbott, Medtronic, W. L. Gore & Associates, Boston Scientific Corporation, Edwards Lifesciences Corporation, Cardinal Health, and several others.
Blood Pressure Monitoring Devices Market
DelveInsight’s ‘Blood Pressure Monitoring Devices-Market Insights, Competitive Landscape and Market Forecast - 2026’ report delivers an in-depth understanding of Blood Pressure Monitoring Devices, historical and forecasted Blood Pressure Monitoring Devices market trends, market drivers, market barriers and key companies involved in the General Electric Company, Microlife, Koninklijke Philips, Halma, Spacelabs Healthcare, Smiths Medical, Omron, Welch Allyn, and many others.
DelveInsight’s ‘Deep Vein Thrombosis Market Insights, Competitive Landscape and Market Forecast-2026’ report delivers an in-depth understanding and the historical and forecasted DVT market trends, market drivers, market barriers and key companies like Cardinal Health, BioTab Healthcare, Devon Medical Products, DJO LLC, Arjo, HealthyStep, Boston Scientific Corporation, Control Medical Technology, Cook Medical, medi, Zimmer Biomet, Encompass Group, LLC, and many others.
Central Venous Catheters Market
DelveInsight’s ‘Central Venous Catheters Market Insights, Competitive Landscape and Market Forecast - 2026’ report delivers an in-depth understanding of Central Venous Catheters and the historical and forecasted Central Venous Catheters market trends, market drivers, market barriers and key companies like Medtronic Plc, Teleflex Incorporated, Becton, Dickinson and Company, ICU Medical, Edwards Lifesciences Corporation, Cook Group, Nipro Corporation, and many others.
DelveInsight’s 'Biopsy Devices-Market Insights, Competitive Landscape and Market Forecast - 2026’ report delivers an in-depth understanding of Biopsy Devices and the historical and forecasted Biopsy Devices, market drivers, market barriers and key companies like Boston Scientific Corporation, Devicor Medical Products, Focal Therapeutics, Integra LifeSciences Corporation, Scion Medical Technologies, LLC, Leica Microsystems, Olympus Corporation, FUJIFILM Holdings Corporation, and many others.
Browse Through Our Blog Posts
- How Will New Discoveries of Deep Brain Stimulation Devices Transform the Pharma Domain?
- Cardiac Monitoring Devices Market is Booming
- Ways IoT Has Transformed The Pulse Of Healthcare
- What Factors are Shaping the Trends in the Implantable Cardiac Monitors Market?
- Boston Scientific starts recruitment for the EkoSonic™ Endovascular System
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance. Get hassle-free access to all the healthcare and pharma market research reports through our subscription-based platform PharmDelve.
Connect With Us at LinkedIn | Facebook | Twitter
