IMARC Group’s latest research report, titled “ Pulse Oximeters Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028 ,” offers a comprehensive analysis of the industry, which comprises insights on the market. The pulse oximeters market report also includes competitor and regional analysis, and contemporary advances in the market. The global pulse oximeters market size reached US$ 2.3 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028 , exhibiting a growth rate (CAGR) of 7% during 2023-2028 .
Pulse Oximeters Market Overview:
A pulse oximeter is a medical device utilized for measuring the oxygen saturation level in the blood. It is a small, portable device that is attached to finger or earlobe, although other body parts can also be used. It works by emitting two different wavelengths of light, usually red and infrared, into the blood vessels and tissues. Deoxygenated blood absorbs more infrared light while letting through more red light, whereas oxygenated blood absorbs more infrared light while letting through more red light. It can measure the variations in light absorption and calculate the blood’s oxygen saturation level. It is widely used in various healthcare settings, including hospitals, clinics, and even homes. Additionally, it provides a quick and non-invasive way to monitor oxygen levels,
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Global Pulse Oximeters Market Trends:
The escalating healthcare expenditure majorly drives the global market. This can be supported by the growing prevalence of chronic medical conditions, such as asthma, chronic obstructive pulmonary disease (COPD), occupational lung diseases, and pulmonary hypertension among the masses. Along with this, the rising inclination toward non-invasive medical devices and procedures among both patients and healthcare providers is significantly supporting the market. In addition, the increasing demand for portable and wearable oximeter variants across the globe is positively influencing the market. Apart from this, continuous advances in technology, such as improvements in microprocessor technology, light-emitting diodes, and photoelectric sensors, are contributing to the market. Furthermore,
Pulse Oximeters Top Companies Worldwide:
- CAS Medical Systems Inc.
- Contec Medical Systems Co. Ltd.
- Koninklijke Philips NV
- Masimo
- Medtronic Plc
- Nonin Medical Inc.
- Opto Circuits
- Smiths Medical, Inc.
- Spacelabs Healthcare (OSI Systems),
- Welch Allyn (Hill Rom)
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Key Market Segmentation:
Breakup by Type:
- Fingertip Pulse Oximeters
- Handheld Pulse Oximeters
- Wrist-worn Pulse Oximeters
- Others
Breakup by Sensor Type:
- Reusable
- Disposable
Breakup by End-Use:
- Hospitals and Clinics
- Ambulatory Surgery Centers
- Home Healthcare
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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