Pulse Oximeter Market: Industry Analysis and Forecast (2021-2027) by Type, End-User, and Region

Pulse Oximeter Market size was valued at US$ 2.2 Bn. in 2020 and the total revenue is expected to grow at 6.4% through 2021 to 2027, reaching nearly US$ 3.4 Bn.

Pulse Oximeter Market Overview:

Pulse oximetry is a test that measures the amount of oxygen in the blood (oxygen saturation). It's a simple, painless way to see how well oxygen gets to the portions of your body furthest from your heart, including your arms and legs. A small electronic device, which looks like a clip, is inserted on the finger or ear lobe to identify the oxygen level in the body. The oximeter measures the quantity of oxygen in the blood with the help of light. This information aids a healthcare provider in determining whether a patient requires additional oxygen. Pulse Oximeter MarketTo know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done good in lockdown also and specific strategic analysis of those companies is done in the report

Pulse Oximeter Market Dynamics:

The pulse oximeter market is greatly driven by the COVID-19 pandemic and became more visible in the market due to excessive use. The prevalence of target diseases is increasing, thus the market is expected to grow. New product availability and significant unmet demands in developing and least-developed countries are likely to drive market expansion throughout the forecast period. Pulse oximetry is now mandatory for newborn screening in 43 states in the United States, and its application in the detection of Congenital Heart Defects (CHD) and other heart and respiratory problems is gaining acceptance in other nations. Over the projected period, a prominent market driver is expected to be the rising prevalence of target illnesses such as asthma, hyperlipidemia, hypertension, diabetes, ischemic conditions, cardiac arrhythmia, sleep apnea, and COPD. According to the World Health Organization, over 64 million people worldwide suffer from COPD, with approximately 90% of COPD-related deaths happening in low- and middle-income countries. With the presence of different worldwide and regional manufacturers, the market is fragmented. To increase their market share, prominent companies are likely to use various techniques such as product launches and acquisitions. In January 2020, Vyaire Medical, for example, commercialized their MX40 reusable telemetry adaptor in the United States. This item has a SpO2 port that works with Masimo LNCS pulse oximeters and Philips 9 pin pulse oximeter sensors.

Pulse Oximeter Market Segment Analysis:

The Handheld segment is dominating the type segment of the Pulse Oximeter Market:

In 2019, the handheld segment got huge acceptance in the market, and the segment accounted for 37.5% of total revenue. The fact that these oximeters are simple to use in case of an emergency is driving the industry. The degree of oxygen saturation in a patient's blood can have a significant impact on the treatment's outcome. Over the projection period, an increase in the number of stroke patients and procedures is expected to promote market growth. The segment is projected to be driven by technological advances in oximeters. Added features such as data transfer convenience, large memory, alarm system, and Bluetooth improve product efficiency. To stay competitive in the market, industry companies create new products with additional features. Further, Due to the COVID-19 pandemic, which has limited visits to medical institutions, medical care services have been hampered, and businesses are developing new technologies to provide alternate telemedicine alternatives. Tyto Care, a telehealth startup, released a fingertip pulse oximeter in January 2021 that links to the TytoCare device through a cable and logs test results to the patient's EHR, allowing physicians to follow the patient remotely. Pulse Oximeter Market by type The Hospital segment is considered to supplement the growth of the Pulse Oximeter Market. Due to a growth in the number of surgeries and emergency department visits, the hospitals and other healthcare facilities segment dominated the pulse oximeter market and accounted for the greatest revenue share of 82.0 percent in 2020. COVID-19 infections are common in long-term care homes, and residents are constantly checked for symptoms by measuring key respiratory parameters. During the COVID-19 pandemic, demand for pulse oximeters is likely to rise from home healthcare centers and long-term care facilities. Further, factors such as increased awareness of the need of monitoring oxygen levels, the homecare segment are predicted to develop significantly throughout the forecast period. At homecare, fingertip pulse oximeters are considered economical and useful since they can track and retain a patient's oxygen level measurements, lowering the likelihood of readmission to the hospital. Furthermore, spot-checking is a beneficial method for individuals with COPD and CHD. Additionally, self-monitoring allows active participation in their health care. The incidence of chronic pulmonary and cardiac problems is projected to increase as the population ages.

Pulse Oximeter Market Regional Insights:

North America is estimated to dominate the growth of the Pulse Oximeter Market. North America dominated the pulse oximeter market in 2020, with a revenue share of 49.1 percent, owing to a growing awareness of the significance of monitoring respiratory vitals among the general public. Pulse oximeters are reimbursed using three codes: 94760, 94761, and 94762, according to the Current Procedural Terminology (CPT). Because Medicare considers the use of a pulse oximeter to be supplemental, it is usually reimbursed in conjunction with a primary service. Furthermore, a pulse oximeter is deemed a reasonable requirement for outpatients and patients who choose to be treated at home and is reimbursed after sufficient documentation. As a result, the market expansion is likely to be aided by a favorable reimbursement infrastructure. Furthermore, health groups are providing medical practitioners with research on COVID-19 to help them better manage the pandemic crisis. The CDC acknowledged the possibility of pulse oximeters having sub-optimal accuracy in dark skin people in interim clinical guidance issued in February 2021. Pulse Oximeter Market by Regional The objective of the report is to present a comprehensive analysis of the Pulse Oximeter Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Pulse Oximeter Market dynamics, structure by analyzing the market segments and project the Pulse Oximeter Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Pulse Oximeter Market make the report investor’s guide.

Pulse Oximeter Market Scope: Inquire before buying

Pulse Oximeter Market by Scope

Pulse Oximeter Market, by Region

• North America o US o Canada o Mexico • Europe o U.K o France o Germany o Italy o Spain o Sweden o CIS Countries o Rest of Europe • Asia Pacific o China o India o Japan o South Korea o Australia o ASEAN o Rest of Asia Pacific • The Middle East and Africa o South Africa o GCC Countries o Egypt o Nigeria o Rest of ME&A • South America o Brazil o Argentina o Rest of South America

Pulse Oximeter Market Key Player

Medtronic (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 • Meditech Equipment Co. • Nihon Kohden Corporation • Johns Hopkins Medicines • Novartise

FAQs:

What is the Pulse Oximeter market value in 2020? Ans: Pulse Oximeter market value in 2020 was estimated as 2.2 Billion USD. 2. What is the Pulse Oximeter market growth? Ans: The Pulse Oximeter market is anticipated to grow with a CAGR of 6.4% in the forecast period and is likely to reach USD 3.4 Billion by the end of 2027. 3. Which segment is expected to dominate the Pulse Oximeter market during the forecast period? Ans: Handheld pulse oximeters dominated the type segment with around 39% market share in 2020. The market is primarily driven by the fact that these oximeters are easy to use in case of emergencies. 4. Who are the key players in the Pulse Oximeter market? Ans: Some key players operating in the pulse oximeter market include Medtronic (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, Meditech Equipment Co., and NIHON KOHDEN CORPORATION. 5. What is the key driving factor for the growth of the Pulse Oximeter market? Ans: Key factors that are driving the pulse oximeter market growth include increasing emphasis on patient safety during anesthesia and demand for consistent vital stats monitoring.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Pulse Oximeter Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Pulse Oximeter Market 3.4. Geographical Snapshot of the Pulse Oximeter Market, By Manufacturer share 4. Pulse Oximeter Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. The threat of Substitute Grades 4.1.6.5. The intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Pulse Oximeter Market 5. Supply Side and Demand Side Indicators 6. Pulse Oximeter Market Analysis and Forecast, 2020-2027 6.1. Pulse Oximeter Market Size & Y-o-Y Growth Analysis. 7. Pulse Oximeter Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Fingertip 7.1.2. Handheld 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 7.2.1. Hospitals & Other Healthcare Facilities 7.2.2. Homecare 8. Pulse Oximeter Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Pulse Oximeter Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Fingertip 9.1.2. Handheld 9.1.3. Others 9.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 9.2.1. Hospitals & Other Healthcare Facilities 9.2.2. Homecare 10. North America Pulse Oximeter Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Pulse Oximeter Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 12. Canada Pulse Oximeter Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 13. Mexico Pulse Oximeter Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 14. Europe Pulse Oximeter Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 15. Europe Pulse Oximeter Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Pulse Oximeter Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 17. France Pulse Oximeter Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 18. Germany Pulse Oximeter Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 19. Italy Pulse Oximeter Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 20. Spain Pulse Oximeter Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 21. Sweden Pulse Oximeter Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 22. CIS Countries Pulse Oximeter Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 23. Rest of Europe Pulse Oximeter Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 24. Asia Pacific Pulse Oximeter Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 25. Asia Pacific Pulse Oximeter Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Pulse Oximeter Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 27. India Pulse Oximeter Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 28. Japan Pulse Oximeter Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 29. South Korea Pulse Oximeter Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 30. Australia Pulse Oximeter Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 31. ASEAN Pulse Oximeter Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 32. Rest of Asia Pacific Pulse Oximeter Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 33. Middle East Africa Pulse Oximeter Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 34. Middle East Africa Pulse Oximeter Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Pulse Oximeter Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 36. GCC Countries Pulse Oximeter Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 37. Egypt Textile Reinforced Concrete e-Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 38. Nigeria Pulse Oximeter Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 39. Rest of ME&A Pulse Oximeter Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 40. South America Pulse Oximeter Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 41. South America Pulse Oximeter Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Pulse Oximeter Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 43. Argentina Pulse Oximeter Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 44. Rest of South America Pulse Oximeter Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By End-User, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Pulse Oximeter Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades, and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Novartis AG 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Medtronic (Covidien) 45.3.3. Carefusion Corp. 45.3.4. GE Healthcare 45.3.5. Philips Healthcare 45.3.6. Masimo 45.3.7. CAS Medical Systems, Inc. 45.3.8. Opto Circuits India Ltd. 45.3.9. Nonin Medical, Inc. 45.3.10. Smiths Medical 45.3.11. Welch Allyn 45.3.12. Spacelabs Healthcare 45.3.13. Meditech Equipment Co. 45.3.14. Nihon Kohden Corporation 45.3.15. Johns Hopkins Medicines 46. Primary Key Insights

About This Report

Report ID123401
Category Healthcare
Published DateOct 2021
Updated Date
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