Dublin–(BUSINESS WIRE)–Divided by product (equipment, sensor), type (portable, handheld, desktop, wearable), technology (traditional, connected), age group (adult, infant, newborn) The “Pulse Oximeter Market, End Users (Hospitals, Home Care), Impact of COVID-19-Global Forecast to 2026″ report has been added to ResearchAndMarkets.com’s products.
The global pulse oximeter market is expected to increase from USD 2.3 billion in 2021 to USD 3.7 billion in 2026, with a compound annual growth rate of 10.1% during the forecast period.
According to the product, the pulse oximeter market is segmented into sensors and devices. The equipment segment will account for the largest share of the pulse oximeter market in 2020. A large share of this part is attributed to the increasing use of fingertip devices to monitor blood oxygen levels and technological advancements in wearable pulse oximeters during the COVID-19 pandemic.
Depending on the type, the portable pulse oximeter market segment is expected to account for the largest share of the pulse oximeter market
According to the type, the pulse oximeter market is divided into portable pulse oximeters and bedside/desktop pulse oximeters. The portable pulse oximeter market is further subdivided into fingertip, handheld and wearable pulse oximeters. In 2020, the portable pulse oximeter market segment will account for the largest share of the pulse oximeter market. During the COVID-19 pandemic, the growing demand and adoption of fingertips and wearable oximeter devices for continuous patient monitoring are the main factors driving the growth of this segment.
Based on technology, the conventional equipment part occupies a larger market share in the pulse oximeter market
According to technology, the pulse oximeter market is divided into traditional devices and connected devices. In 2020, the traditional equipment market segment will occupy a larger market share in the pulse oximeter market. This can be attributed to the use of wired pulse oximeters in combination with ECG sensors and other status monitors in the hospital environment, increasing the demand for patient monitoring. However, the connected equipment segment is expected to achieve the highest compound annual growth rate during the forecast period. The widespread adoption of such wireless oximeters in home care and outpatient care environments for continuous patient monitoring of COVID-19 patients is expected to support market growth
Divided by age group, the adult pulse oximeter market segment accounts for a larger share of the pulse oximeter market
According to age groups, the pulse oximeter market is divided into adults (18 years and above) and pediatrics (newborns under 1 month, infants between 1 month and 2 years, children between 2 and 12 years old, and those between 12 and 16 years old. teens) ). In 2020, the adult market segment will occupy a larger market share. This can be attributed to the increasing incidence of chronic respiratory diseases, the rapid increase in the elderly population, the increasing use of oximeters during the COVID-19 pandemic, and the growing demand for home care monitoring and treatment equipment.
According to end users, the hospital sector is expected to have the highest compound annual growth rate during the forecast period.
According to end users, the pulse oximeter market has been subdivided into hospitals, home care environments, and outpatient care centers. The hospital sector will account for the largest share of the pulse oximeter market in 2020. The majority of the sector’s share can be attributed to the widespread use of pulse oximeters to assess the oxygen saturation of patients affected by COVID-19. The increase in the elderly population and the increasing incidence of various chronic respiratory diseases are also key factors that promote the use of monitoring equipment such as oximeters in the diagnosis and treatment stages.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1-416- 8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1-416- 8900
Post time: Jul-14-2021