Dublin, June 23, 2021/PRNewswire/-”Pulse oximeter market by product (devices, sensors), type (portable, handheld, desktop, wearable), technology (traditional, connected), age group (Adults, Infants, Newborns), End Users (Hospitals, Home Care), COVID-19 Impact-Global Forecast to 2026″ report has been added to ResearchAndMarkets.com products.
It is estimated that by 2026, the global pulse oximeter market will increase from USD 2.3 billion in 2021 to USD 3.7 billion, with a compound annual growth rate of 10.1% during the forecast period.
The growth of this market is mainly driven by the high prevalence of global respiratory diseases; more and more surgical procedures; the growing elderly population and the increasing incidence of chronic diseases; the increasing investment to improve healthcare infrastructure and Technological progress in pulse oximeter equipment. During the forecast period, the growing medical device companies in emerging economies and the upcoming instant testing opportunities will provide market participants with important growth opportunities. At present, with the rapid increase of COVID-19 cases, respiratory monitoring has received more and more attention, and pulse oximeters are increasingly used for remote and self-monitoring. In turn, this is expected to drive market growth in the next two years.
However, concerns about the accuracy of non-medical pulse oximeters and the regulation of pulse oximeters are expected to limit market growth in the next few years to a certain extent. Coupled with factors such as weak health infrastructure in various regions, it is expected to inhibit the growth of this market.
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 market 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.
In 2020, North America will account for the largest share of the pulse oximeter market, followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa. The large share of the North American market is attributable to the increase in the number of COVID-19 cases and the demand for pulse oximeters during the treatment phase. The elderly population will surge in the next few years, followed by an increase in the prevalence of respiratory diseases, the demand for respiratory monitoring equipment, technological advances, the existence of advanced medical infrastructure in the United States and Canada, and increased research and funding. Development has also promoted the growth of the pulse oximeter market in the region.
4 Premium Insights4.1 Pulse oximeter market overview 4.2 Asia Pacific: Pulse oximeter market, by type and country (2020) 4.3 Pulse oximeter market: geographic growth opportunities 4.4 Pulse oximeter market, by region (2019-2026 ) 4.5 The pulse oximeter market: developed Vs. Developing market
5 Market overview 5.1 Introduction 5.2 Market dynamics 5.2.1 Market drivers 5.2.1.1 Increasing prevalence of respiratory diseases 5.2.1.2 Increasing prevalence of congenital heart disease (Chd) in children’s age group 5.2.1.3 Increasing the number of surgical procedures 5.2. 1.4 The growth of the elderly population and the increase in the incidence of chronic diseases 5.2.1.5 Technical progress in pulse oximeter equipment 5.2.1.6 Increased investment to improve healthcare infrastructure 5.2.1.7 Outbreaks of infectious diseases affecting the respiratory system 5.2.2 Market restrictions 5.2. .2.1 Concerns about the oversight and accuracy of OTC pulse oximeters 5.2.2.2 Weak medical infrastructure in a few areas 5.2.3 Market opportunities 5.2.3.1 The growing medical device companies and outsourcing businesses in emerging economies 5.2.3.2 Implications for patients Increasing demand for monitoring in non-hospital settings 5.2.3.3 New opportunities for point-of-care testing and increasing demand for non-invasive devices 5.2.3.4 The adoption of Risin g telemedicine 5.2.4 Market challenges 5.2.4.1 Due to the continued growth of major market players Technological progress, increased pressure on new participants 5.2.4.2 Development of alternative equipment for oximetry
14 Company Profile 14.1 Main Participants 14.1.1 Medtronic plc 14.1.2 Masimo 14.1.3 Koninklijke Philips NV 14.1.4 Nonin Medical, Inc. 14.1.5 Nihon Kohden Corporation 14.1.6 Smiths Medical, Inc. 14.1.7 GE Healthcare Con Medical Systems Co. 1.1 ., Ltd. 14.1.9 Dragerwerk AG & Co. KGaA14.1.10 Spacelabs Healthcare (subsidiary of Osi Systems, Inc.) 14.1.11 Honeywell International Inc. 14.1.12 Meditech Equipment Co., Ltd. 14.1.13 Choicemmed 14. 1.14 Dr Trust Usa 14.1.15 Shanghai Berry Electronic Technology Co., Ltd. 14.2 Other participants 14.2.1 Promed Group Co., Ltd. 14.2.2 Tenko Medical System Corp. 14.2.3 Hum GmbH 14.2.4 Beurer GmbH 14.2.5 Shenzhen Aeon Technology Limited company
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Post time: Jun-25-2021