Global Pulse Oximeter Market Size To Exceed USD 5.85 Billion by 2033 | CAGR of 6.52%
Category: HealthcareGlobal Pulse Oximeter Market Worth USD 5.85 Billion by 2033
According to a research report published by Spherical Insights and Consulting, the Global Pulse Oximeter Market Size is Expected to Grow from USD 3.11 Billion in 2023 to USD 5.85 Billion by 2033, at a CAGR of 6.52% during the forecast period 2023-2033.
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Browse key industry insights spread across 257 pages with 130 Market data tables and figures & charts from the report on the "Global Pulse Oximeter Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Tabletop Oximeters, Fingertip Oximeters, Handheld Oximeters, and Others), By Technology (Smart and Conventional), By Age Group (Pediatrics and Adults), By End-User (Clinics, Hospitals and Ambulatory Surgical Centers, Home Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033" Detailed Report Description Here: https://www.sphericalinsights.com/reports/pulse-oximeter-market
The pulse oximeter market focuses on the production and distribution of non-invasive devices used in healthcare to measure oxygen saturation levels and heart rate. The pulse oximeter market is used to measure oxygen saturation levels and heart rate in healthcare sectors. These devices, attached to fingertips, measure oxygen saturation in red blood cells (RBC) and can be reused as needed. The increasing prevalence of cardiovascular diseases, such as myocardial infarction, arrhythmia, and angina pectoris, has driven demand for pulse oximeters. The global pulse oximeter market is characterized by collaborations between pharmaceutical, medical, and IT sectors, such as DetelPro's OXY10, which displays oxygen saturation and pulse rate. The growing geriatric population is also driving the demand for pulse oximeters. The report analyzes key growth drivers, opportunities, and challenges, and profiles key market players and their core competencies. Common respiratory conditions like COPD, asthma, and pneumonia cause blocked airways and low blood oxygen levels. Pulse oximetry assesses oxygen saturation for critically ill patients. Chronic respiratory diseases (CRDs) were the third leading cause of death in 2019. However, low awareness among village people may hinder the market growth.
The tabletop oximeters held the greatest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the product type, the global pulse oximeter market is categorized as tabletop oximeters, fingertip oximeters, handheld oximeters, and others. Among these, the tabletop oximeters held the greatest share in 2023 and are predicted to grow at a significant CAGR during the predicted period. The segmental expansion is due to integrating a rechargeable lithium polymer battery, making it portable, easy to operate, and suitable for various healthcare settings, including surgery centers, hospitals, and community healthcare.
The conventional segment accounted for the highest share in 2023 and is anticipated to grow at a substantial CAGR throughout the projected timeframe.
Based on the technology, the global pulse oximeter market is categorized as smart and conventional. Among these, the conventional segment accounted for the highest share in 2023 and is anticipated to grow at a substantial CAGR throughout the projected timeframe. Cost-effectiveness, increased usage of wired monitoring devices, early hypoxia detection, user-friendliness, and increased accuracy and dependability are driving the segment's expansion.
The adult segment accounted for the highest share in 2023 and is expected to grow at a substantial CAGR during the forecast period.
Based on the age group, the global pulse oximeter market is categorized as pediatrics and adults. Among these, the hyperlipidemia segment accounted for the highest share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The growth of the segment is attributed to factors such as lack of exercise, obesity, lipid disorders, poor nutrition, preventive healthcare, high saturated fatty acid intake, and insulin resistance.
The hospitals and ambulatory surgical centers segment dominated the global pulse oximeter market in 2023 and is anticipated to grow at a remarkable CAGR throughout the forecast period.
Based on the end-user, the global pulse oximeter market is categorized as clinics, hospitals and ambulatory surgical centers, home healthcare, and others. Among these, the hospitals and ambulatory surgical centers segment dominated the global pulse oximeter market in 2023 and is anticipated to grow at a remarkable CAGR throughout the forecast period. The segmental expansion is driven by increased hospital admissions, birth rates, healthcare insurance, OPD centers, and frequent visits due to infectious diseases. For example, the Guillain-Barre Syndrome outbreak in Pune, Maharashtra, led to increased demand for pulse oximeters due to respiratory failure.
North America is expected to hold the greatest share of the global pulse oximeter market over the forecast period.
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North America is expected to hold the greatest share of the global pulse oximeter market over the forecast period. North America's pulse oximeter market is expected to expand due to wireless adoption, increasing home healthcare usage, and chronic respiratory disease patients, with favorable reimbursement infrastructure supporting market expansion.
Asia Pacific is predicted to hold the fastest-growing region of the global pulse oximeter market throughout the estimated period. The Asia-Pacific pulse oximeter market, despite declining birth rates, is expanding due to population growth, increased income, and patient awareness of CHD, bolstered by improved hospital infrastructure.
Major key players in the global pulse oximeter market are Nonin, Contec Medical System, Philips Healthcare, Spacelabs Healthcare, ICU Medicals, Promed Co., Welch Allyn Co., Omron Corporation, Opto Circuits Ltd., Meditech Equipment Co. Ltd., Masimo Corporations, CareFusion Corp., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, Movano launched the Evie Ring, a general wellness device with features of a pulse oximeter. Movano's Eviemed ring offers FDA-grade accuracy and a comfortable wearable design for remote monitoring, exceeding FDA blood oxygen accuracy requirements, particularly in users with darker skin tones.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global pulse oximeter market based on the below-mentioned segments:
Global Pulse Oximeter Market, By Product Type
- Tabletop Oximeters
- Fingertip Oximeters
- Handheld Oximeters
- Others
Global Pulse Oximeter Market, By Technology
- Smart
- Conventional
Global Pulse Oximeter, By Age Group
- Pediatrics
- Adults
Global Pulse Oximeter, By End-User
- Clinics
- Hospitals and Ambulatory Surgical Centers
- Home Healthcare
- Others
Global Pulse Oximeter Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East and Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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