The global pulse oximeters market is estimated at US$ 1.2 Bn in 2019, and projected to witness moderate growth during the forecast period (2019 – 2029).
Fact.MR recently published a market study on the global market for pulse oximeters. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, and restraints, as well as detailed information about the pulse oximeters market structure
The market study presents exclusive information about how the pulse oximeters market will grow during the forecast period of 2019-2029.
“Technological advancements leading to the introduction of new and advanced products and emergence of number of players in the market have intensified pulse oximeter sales,” says a Fact.MR analyst.
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Key Market Players
The prominent players in this market include Medtronic plc (Ireland), Masimo Corporation(US), Koninklijke Philips N.V. (Netherlands), Nonin Medical Inc. (US), Meditech Equipment Co., Ltd. (China), Contec Medical Systems Co., Ltd. (China), GE Healthcare (US), ChoiceMMed (China), OSI Systems, Inc. (US), Nihon Kohden Corporation (Japan), Smiths Group plc (UK), Honeywell International Inc. (US), Dr Trust (US), HUM Gesellschaft für Homecare und Medizintechnik mbH (Germany), Beurer GmbH (Germany), The Spengler Holtex Group (France), Shanghai Berry Electronic Technology Co., Ltd. (China), Promed Group Co., Ltd. (China), Tenko Medical System Corp. (US), and Shenzhen Aeon Technology Co., Ltd. (China).
Key Segments of Pulse oximeters Market
Fact.MR’s study on the pulse oximeters market offers information divided into three important segments – product type, end user and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
Product Type Finger Pulse Oximeters, Hand Held Pulse Oximeters, Table Top Pulse Oximeters, Wrist Pulse Oximeters
End User Hospitals, Clinics, Ambulatory Surgical Centres, Homecare Settings
Region North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa
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Key Takeaways of Pulse Oximeter Market Study
· A large number of companies manufacturing handheld pulse oximeters significantly contributed to the market share in terms of revenue in the pulse oximeters market.
· North America and Europe collectively hold over 60% of the pulse oximeters market share owing to rapid new product launches in these regions.
· In terms of end user, hospitals are expected to dominate the pulse oximeters market during the forecast period.
· The pulse oximeter market is highly fragmented. Some of the prominent manufacturers include Masimo Corp, Medtronic plc., Koninklijke Philips NV, GE Healthcare, Rossmax International Ltd. and few others.
COVID-19 Impact on Pulse Oximeter Market
· COVID-19 is an infectious disease caused by the most recently discovered novel coronavirus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
· The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020. The impact of the coronavirus pandemic and the subsequent establishment of nationwide lockdowns is clearly visible in various industries, including the patient monitoring devices market.
· The overall growth of various sectors has been heavily impacted, specifically in countries with a high incidence rate of COVID-19, such as India, China, Brazil, the US, and several European countries (including Russia, Italy, and Spain).
· The pandemic has led to a significant increase in the demand for remote monitoring and patient engagement solutions. Most hospitals/healthcare facilities are currently trying to expand patient monitoring to home care settings or other temporary setups to provide optimal care.
· COVID-19 has led to a significant surge in demand for patient monitoring systems, both in the hospital and home care settings, and manufacturers are increasingly focusing on expanding production to meet the increasing need for respiratory monitoring devices, including pulse oximeters.
· During the first quarter of 2020, the market witnessed an increase in demand for certain products that are correlated to the response to COVID-19, including respiratory, multiparameter monitoring solutions, and point-of-care cardiac monitoring products
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Key Questions Answered in Fact.MR’s Pulse Oximeters Market Report
· Which regions will continue to remain the most profitable regional markets for pulse oximeters market players?
· Which factors will induce a change in demand for pulse oximeters manufacturers during the assessment period?
· How will changing trends impact the pulse oximeters market?
· How can market players capture the low-hanging opportunities in the pulse oximeters market in developed regions?
· Which companies are leading the pulse oximeters market?
· What are the winning strategies of stakeholders in the pulse oximeters market to upscale their position in this landscape?
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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