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The Global Pulse Oximeters Market is likely to expand in the coming years as growing heart failure rates have created a huge demand for pulse oximeters. According to a report published by Fortune Business Insights, titled “Pulse Oximeters: Global Market Analysis, Insights and Forecast, 2018-2025,” the market is likely to reach US$ 2,657.6 Mn by the end of 2025. Fortune Business Insights states that the market was valued at US$ 1,587.3 Mn in 2017 and will exhibit a CAGR of 6.7% in the forecast period.
The ability of pulse oximeters to monitor oxygen levels in the blood has led to their rising uptake in the healthcare industry. Besides blood pressure monitoring, pulse oximeters can be used to keep track of pulse rate and thereby, help in avoiding serious disorders. Additionally, pulse oximeters can also be used to examine breathing activities in surgical procedures of neonates. The use of pulse oximeters across various applications the healthcare industry has led to an increase in demand for these devices. Rising demand and high clinical efficacy of pulse oximeters will have a positive impact on the global market and are likely to favor growth of the market in the coming years.
Fingertip Pulse Oximeters to Witness High Demand in the Coming Years
The ease of use for fingertip pulse oximeters has increased their uptake among end users. The fingertip pulse oximeters are easy to use as they simply need to be clipped on the fingers, whereby the device can measure the level of oxygen in the blood through the concept of wavelength. Fingertip oximeters are known to operate with high precision. Effective ergonomics and diagnosis at affordable cost have led to an increase in demand for the fingertip pulse oximeters. Fortune Business Insights expects the fingertip type to grow at a high CAGR during the forecast period. As of 2017, the table top type of pulse oximeters held a significant share of the global market. The tabletop pulse oximeters accounted for 42.2% of the global market. Despite a huge uptake of tabletop pulse oximeters, Fortune Business Insights expects the fingertip type to witness the highest CAGR during the forecast period.
High Prevalence of Cardiac & Pulmonary Disorders to Boost the Market in North America
Growing adoption of pulse oximeters, resulting from an increasing awareness among end users have contributed to the growth of the pulse oximeters market in North America. The increasing prevalence of lung disorders is a key concern among patients, and the severity of the chronic disease conditions has created a huge demand for efficient devices for diagnosis. The high demand for pulse oximeters, combined with the ease of availability, is likely to favor the growth of the market in North America. Fortune Business Insights states the PulseOximeters Market in North America was valued at US$ 604.5 Mn in 2017 and this region is likely to dominate the global market in the coming years.
Some of the leading companies that are operating in the global pulse oximeters market are GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V, Masimo, Messe Düsseldorf GmbH, VYAIRE, Opto Circuits (India) Limited, Medtronic, Omron Healthcare, Inc., Nonin, and B Smiths Group plc.
Browse Complete Report @ https://www.fortunebusinessinsights.com/industry-reports/pulse-oximeters-market-100528
The global pulse oximeters market is segmented based on:
By Product Type
· Fingertip Oximeters
· Handheld Oximeters
· Tabletop Oximeters
By End User
· ASC’s and Clinics
· Home Healthcare
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)