DUBLIN--(BUSINESS WIRE)--The "Pulse Oximeters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global pulse oximeters market reached a value of US$ 2.14 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 3.25 Billion by 2027, exhibiting a CAGR of 7.1% during 2022-2027.
- CAS Medical Systems Inc. (Edward Lifesciences)
- Contec Medical Systems Co. Ltd.
- Koninklijke Philips NV
- Medtronic Plc
- Nonin Medical Inc.
- Opto Circuits
- Smiths Medical Inc.
- Spacelabs Healthcare (OSI Systems)
- Welch Allyn (Hill-Rom)
Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A pulse oximeter refers to a medical device that is used to monitor the oxygen levels in the patient's blood. It is a small clip-like device that is externally attached to the individual's finger, toe or earlobe to detect the timing and levels when the oxygen drops below the adequate levels. It is commonly used for monitoring pulse during surgical procedures, emergencies, treatments and recovery in hospital wards. The device determines the percentage of oxygen in the red blood cells by using a cold light source that transmits light through the point of contact and analyzes the amount of light that can pass to reach the other end.
The increasing prevalence of chronic medical ailments, along with the rising geriatric population across the globe, is one of the key factors driving the growth of the market. Furthermore, growing preference for non-invasive medical devices and procedures by both patients and healthcare providers is also providing a boost to the market growth. The widespread adoption of portable and wearable oximeter variants, especially among chronic obstructive pulmonary disease (COPD) patients, is contributing to the product demand.
Additionally, various technological advancements, including the improvements in microprocessor technology, light-emitting diodes and photoelectric sensors for enhanced accuracy and reliability of pulse oximeters, are acting as another growth-inducing factor. Other factors, including rising healthcare expenditures, the integration of oximeters with artificial intelligence (AI) and the advent of variants that are compatible with Android and Apple operating systems for maintaining electronic medical records (EMR), are projected to drive the market further
Key Question Answered in this Report
1. What is the impact of COVID-19 on the global pulse oximeters market?
2. What will be the pulse oximeters market outlook during the forecast period (2022-2027)?
3. What are the global pulse oximeters market drivers?
4. What are the major trends in the global pulse oximeters market?
5. What is the global pulse oximeters market breakup by type?
6. What is the global pulse oximeters market breakup by sensor type?
7. What is the global pulse oximeters market breakup by end use?
8. What are the major regions in the global pulse oximeters market?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Pulse Oximeters Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Sensor Type
8 Market Breakup by End-Use
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/nbe8x2