Pulse Oximeters Market Trends Share and Product Value Forecast To 2025

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Type Insights The segmentation based on the type of devices is handheld, fingertip, and others. In 2016, the handheld oximeter devices dominated the market owing to the ease of use of the device in the case of emergency. The oxygen saturation of a patient highly affects the course of treatment to be undertaken. Rising number of emergency cases of strokes and surgeries is anticipated to augment the market over the forecast period. With the growing preference towards portable technology due to its feasibility in use, fingertip pulse oximeter segment is gaining prominence in the pediatric treatment procedures and so are expected to show significant market growth over the forecasted period. The fingertip pulse oximeters can withstand varying storage conditions and thus is preferred. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/pulse-oximeters-market Other types of oximeters include stand-alone units that have provisions to monitor parameters such as blood pressure and ECG. Lack of sufficient operative room facilities in most of the developing countries, as per the findings of WHO, initiatives are taken to increase the operative room facilities where each room is equipped with at least one stand-alone monitoring units that would help in increasing the penetration of the devices. End User Insights The conventional use of pulse oximeters is done in hospitals pre and post surgeries. It is also used during surgeries when the patient is anesthetized. The rising number of surgeries and emphasis on patient safety are responsible for the increased use of pulse oximeters during every procedure. These devices are once purchased and require servicing and are not replaced frequently. The use of pulse oximeters in newborn screening also adds to the number of devices procured by the hospitals in their maternity and pediatric care divisions. However, there is an upward trend of use of pulse oximeters in homecare settings due to the expansion of the homecare market. Hospices and even nursing care centers are procuring oximeters to provide better care to their customers. Regional Insights
The inequality in the distribution of the healthcare facilities worldwide is very significant. For instance, North America has low burden of diseases but high presence of healthcare workers and finances. Moreover, strong technological base, availability, and adaptability of the recent advances in technology makes North America dominate the market. However, African region has high burden of the diseases but low presence of healthcare workers and finances, thus, although a potential market, low awareness and affordability hinder the development of pulse oximeter market in African region. Asia Pacific is anticipated to show fast growth over the forecasted period owing to the moderate burden of global disorders and high adoption of modernization and developing technology, realizing the need of better healthcare facilities and early detection of disorders through increased use of monitoring devices such as the pulse oximeters. Competitive Insights With the trend of customized facilities, some companies are working toward developing devices that are supported by the cell phones operating systems, facilitating flexible, wireless and easy monitoring. For instance, Masimo’s iSpO2 and Zensorium’s Tinke are the oximeter devices that are compatible with iPhones, thus providing the iPhone users with the benefits of the new technology. Such innovations are likely to attract the population and widen the market size. Market Segment: Type Outlook (Market Revenue in USD Million, 2013 - 2025) • Fingertip pulse oximeters • Handheld pulse oximeters • Others End-Users Outlook (Market Revenue in USD Million, 2013 - 2025) • Hospitals and other healthcare facilities • Homecare Regional Outlook (Market Revenue in USD Million, 2013 - 2025) • North America • U.S. • Canada
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Pulse Oximeters Market Trends Share and Product Value Forecast To 2025

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