Pulse Oximeter Market

Published By: Zion Market Research
Global Pulse Oximeter Market to Record an
Impressive Growth US$ 2393.3 Million by
2022
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Pulse Oximeter Market
Zion Market Research has published a new report titled ―Pulse Oximeter Market by Product Type
(Handheld, Fingertip, Wrist-worn and Bedside), by End User Type (Hospitals, Ambulatory Surgery
Centers, Diagnostic Care Centers, Home-Care Settings and Others): Global Industry Perspective,
Comprehensive Analysis and Forecast, 2016 – 2022‖. According to the report, the global pulse oximeter
market was valued at around USD 1,684.0 million in 2016 and is expected to reach around USD 2,393.3
million by 2022, growing at a CAGR of 6.2 % between 2017 and 2022.
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Pulse Oximeter is a device that can detect a pulsatile signal in finger or toe and can calculate the amount
of oxygenated hemoglobin and pulse rate. Data obtained from pulse oximeter such as saturation of
oxygen and pulse rate are vital signals for early diagnosis of heart disease. It is a safe, convenient,
noninvasive, inexpensive method for measuring oxygen saturation. Indications for pulse oximetry include
chronic obstructive pulmonary disease, cardiac arrest, asthma and respiratory diseases.
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Increase in the prevalence rate of chronic obstructive pulmonary disease is expected to urge the
augmentation of the pulse oximeter market over the years to come. COPD has currently rated the fourth
most common specific cause of death globally and predicted to be the third by 2030, in the absence of
interventions that address the risks – especially tobacco smoking, exposures to combustion products of
biomass fuels and environmental pollution. The burden of COPD has been reported to be high in some
high–income countries, particularly due to the high prevalence of smoking and sedentary lifestyle.

Pulse Oximeter Market
For instance, in 2000 and 2010, about 4%–10% of adults were diagnosed with non–reversible and
progressive airway obstruction (a basic feature of COPD) in population–based surveys across many
European countries, in which smoking indicated a major risk. Thus, in turn, is expected to have a positive
impact on the pulse oximeter market. However, high cost may hinder the growth of this market.
Nonetheless, unmet medical needs and presence of large consumer base are expected to offer lucrative
opportunities to the leading players over the next few years.
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Based on Product type, the market can be segmented into handheld, fingertip, wrist-worn and bedside
pulse oximeter. Handheld pulse oximeter was the major segment and it accounted for maximum share of
total revenue generated in 2016. Bedside pulse oximeter, fingertip and wrist-worn are fastest growing
segments in this market. Handheld and bedside pulse oximeter are likely to witness fastest growth in the
coming years owing to increasing demand for monitoring devices in surgical procedure all around the
world. Fingertip and wrist-worn pulse oximeter were the leading segment on account of increasing sales
of oximeter is expected to drive the market growth in the near future.
The global pulse oximeter market by North America and it held around 40% share of total revenue
generated in 2016. This growth can be attributed to the presence of key players, and good health
awareness among people. The growth is also due to a large number of respiratory diseases and growing
geriatric population in this region. Europe is another leading regional market followed by North America
on account of advanced medical facilities advanced healthcare, diagnosis centers. The region has a lot to
offer, as the population is more health conscious and has a faster adoption rate of a medical device in
daily life. Asia Pacific was a fastest growing market on account of rising population, high disposable
income and increasing consumer spending towards healthcare. The region is fastest developing owing to
initiatives taken by government bodies in raising awareness among people and use of medical devices in
hospitals and healthcare facilities.
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Pulse Oximeter Market
Latin America was emerging market with rising healthcare infrastructure in this region. Brazil and rest of
Latin America are anticipated to fuel the market growth in coming years.
Some of the key players operating in the market such as Covidien, Carefusion Corp, GE Healthcare,
Philips Healthcare, Masimo, CAS Medical Systems, Inc., Opto Circuits India Ltd., Nonin Medical, Inc.,
Smiths Medical, Welch Allyn, Spacelabs Healthcare, Zensorium, Meditech Equipment Co., Ltd., Nihon
Kohden Corporation and others.
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Pulse Oximeter Market
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