Newark, Del.And the November 23, 2022 /PRNewswire/ — Pulse oximeter market revenue estimated at 2.3 billion US dollars in 2021 and is expected to grow at a compound annual growth rate of 7.6% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation 5.1 billion US dollars.
The main product of pulse oximeter includes handheld pulse oximeter where the growth in demand for pulse oximeter with handheld pulse oximeter has been recorded in 7.4% During the period 2017 – 2021, while it is expected to grow at a compound annual growth rate of 7.6% during the period from 2022 to 2023.
The Covid-19 pandemic is the main driver for the growth of the pulse oximeters market. Sales information from Bloomreach, an e-commerce software company, shows a 527% increase in US sales of fingerprint oximeters in a week January 2020, in the United States. In mid-February, it started to pick up again, and since then, despite a slow rate of decline, weekly sales have picked up.
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According to Google Trends, there has been an increase in searches for “pulse coronavirus” on Google since mid-February. Customers purchased several personal health monitoring and diagnostic devices over the course of four months in the United States April 2020, according to Snapdeal India. The most demanding ones are glucometers, blood pressure monitors, digital thermometers, and pulse oximeters. Home diagnostic kits have shown increased demand thereafter March 2020Not only on Snapdeal but also on Flipkart. Due to the outbreak of COVID-19, which necessitates their use to ensure safety, Flipkart has noticed an increase in demand for these products. According to flipkart, the demand for pulse oximeters has grown about 23-fold. The premium market segment of the product has also experienced significant growth.
Key players in Pulse Oximeter Market focus on alliances, technology collaborations, and product launch strategies. Level 2 players in the market are targeting to increase their market share.
Here are some of the recent developments of major nerve implant providers:
in March 2022iPulseOx was announced by Smart Meter, a manufacturer of patient monitoring equipment. The first cellphone-connected pulse oximeter provides remote patient monitoring services for long-term conditions such as heart disease and chronic obstructive pulmonary disease (COPD). The launch of this product improved the company’s position, gave it a competitive technological advantage over its competitors and increased its customer base.
in June 2021The release of the Oxy10 pulse oximeter by DetelPro has been announced. Users of this product can mark the results with the help of the LED display. The company’s portfolio of pulse oximeters in various hospitals and home care facilities has been expanded due to the launch of this product, which has resulted in an increase in the company’s income.
in February 2021Massimo added improved metering and patient monitoring capabilities with the acquisition of LiDCO, a company providing non-invasive and minimally invasive hemodynamic technology.
in January 2021a fingertip pulse oximeter that links to a TytoCare device via cable to record test results in patients’ electronic health records and enable remote monitoring by clinicians, was introduced by telehealth company Tyto Care.
in November 2020In order to capitalize on the trend in digital health and continued investments in innovation, GE Healthcare has ramped up its AI products and the Edison ecosystem. The company also offers leading imaging technologies.
in May 2020And the Fields and Royal Phillips They reaffirmed their partnership, in which Philips will integrate additional Masimo measurement technologies into certain IntelliVue MX-series multiparameter monitors in order to assist clinicians in determining cerebral oximetry and ventilation status.
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More insights available
Future Market Insights, in its new offering, provides an unbiased analysis of the pulse oximeter market, offering historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The study reveals significant growth in pulse oximeters by type (fingertip, handheld, other types), by end use in (hospitals and other healthcare facilities, home care) across five regions (North AmaricaAnd the Latin americaAnd the EuropeAnd the Asia Pacific And the The Middle East & Africa).
Segmentation of the pulse oximeter market
By end use:
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1. Executive summary
1.1 Global Market Outlook
1.2 Demand Side Trends
1.3 Supply-side trends
1.4 Technology Roadmap Analysis
1.5 Analysis and recommendations
2. Market overview
2.1. Market coverage/classification
2.2. Market definition/scope/constraints
3. Market background
3.1. Market dynamics
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