Pulse Oximeters Market Trends Share and Product Value Forecast To 2025
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Type Insights<br />
The segmentation based on the type of devices is h<strong>and</strong>held, fingertip, <strong>and</strong> others. In 2016, the<br />
h<strong>and</strong>held oximeter devices dominated the market owing to the ease of use of the device in the<br />
case of emergency. The oxygen saturation of a patient highly affects the course of treatment to<br />
be undertaken. Rising number of emergency cases of strokes <strong>and</strong> surgeries is anticipated to<br />
augment the market over the forecast period.<br />
With the growing preference towards portable technology due to its feasibility in use, fingertip<br />
pulse oximeter segment is gaining prominence in the pediatric treatment procedures <strong>and</strong> so are<br />
expected to show significant market growth over the forecasted period. The fingertip pulse<br />
oximeters can withst<strong>and</strong> varying storage conditions <strong>and</strong> thus is preferred.<br />
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Other types of oximeters include st<strong>and</strong>-alone units that have provisions to monitor parameters<br />
such as blood pressure <strong>and</strong> ECG. Lack of sufficient operative room facilities in most of the<br />
developing countries, as per the findings of WHO, initiatives are taken to increase the operative<br />
room facilities where each room is equipped with at least one st<strong>and</strong>-alone monitoring units that<br />
would help in increasing the penetration of the devices.<br />
End User Insights<br />
The conventional use of pulse oximeters is done in hospitals pre <strong>and</strong> post surgeries. It is also<br />
used during surgeries when the patient is anesthetized. The rising number of surgeries <strong>and</strong><br />
emphasis on patient safety are responsible for the increased use of pulse oximeters during every<br />
procedure. These devices are once purchased <strong>and</strong> require servicing <strong>and</strong> are not replaced<br />
frequently. The use of pulse oximeters in newborn screening also adds to the number of devices<br />
procured by the hospitals in their maternity <strong>and</strong> pediatric care divisions.<br />
However, there is an upward trend of use of pulse oximeters in homecare settings due to the<br />
expansion of the homecare market. Hospices <strong>and</strong> even nursing care centers are procuring<br />
oximeters to provide better care to their customers.<br />
Regional Insights
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