[150+ Pages Research Report] According to the recent analysis research report; the global Pulse Oximeter Market in 2020 was approximately USD 1.9 Billion. The market is expected to grow at a CAGR of 9.6% and is anticipated to reach around USD 5.1 Billion by 2027. Top market players are 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).
Overview of Pulse Oximeter Market Study
Pulse Oximeter market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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Growth in this market is majorly driven by the high prevalence of respiratory diseases worldwide; the growing geriatric population and the increasing incidence of chronic diseases. The growing investments to improve healthcare infrastructure, technological advancements in pulse oximeter device along the growing medical device companies in emerging economies will enhance the growth of this market. Moreover, the increasing demand for patient monitoring in non-hospital settings with an increasing number of surgical procedures and upcoming opportunities in point-of-care testing are expected to offer significant growth opportunities for market players during the forecast period. Currently, with the surge in COVID-19 cases, there is a rising focus on respiratory monitoring along with the increasing adoption of pulse oximeters for remote and self-monitoring. This, in turn, is expected to propel market growth in the next two years.
However, the concerns regarding the accuracy of non-medical pulse oximeters and regulations on the use of pulse oximeters, especially OTC bought pulse oximeter device are expected to limit market growth to some extent in the coming years. This, along with factors such as poor health infrastructure in various regions, is expected to restrain the growth of this market
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COVID-19 Impact on Pulse Oximeter Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Pulse Oximeter market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Pulse Oximeter market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Pulse Oximeter market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Pulse Oximeter 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).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Pulse Oximeter Market, by Product
- Reusable sensors
- Disposable sensors
Global Pulse Oximeter Market, by Type
- Portable pulse oximeters
- Handhelp pulse oximeter
- Fingertip pulse oximeter
- Wearable pulse oximeter
- Bedside/ Table top pulse oximeters
Global Pulse Oximeter Market, by Technology
- Conventional Devices
- Connected Devices
Global Pulse Oximeter Market, by Age group
- Infant/ children
Global Pulse Oximeter Market, by End User
- Home Care settings
- Prescription Home use
- OTC Home use
- Ambulatory Care settings
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Why Buy this Report?
The purpose of Nova one advisor’s Pulse Oximeter market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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