PUBLISHER: Value Market Research | PRODUCT CODE: 1547909
PUBLISHER: Value Market Research | PRODUCT CODE: 1547909
The global demand for Pulse Oximeters Market is presumed to reach the market size of nearly USD 4.12 Billion by 2032 from USD 2.51 Billion in 2023 with a CAGR of 5.65% under the study period 2024-2032.
A pulse oximeter is a small clip-like device that measures oxygen levels in blood non invasively. It is used by putting on the finger and also other body parts like toes and an earlobe. A pulse oximeter is used in a critical care setting like emergency rooms or hospitals to monitor the health of individuals with a condition that can affect blood oxygen levels. It can detect accurate readings and even small fluctuations in how efficiently oxygen is being carried furthest from the heart, including the legs and the arms.
Rising incidence and prevalence of chronic diseases and growing older age population is expected to drive the growth of the market. Chronic diseases are the largest cause of death in the world. The leading chronic diseases are cardiovascular disease, cancer, diabetes, and chronic respiratory disease-causing millions of deaths worldwide. Worldwide annual mortality due to chronic disease is expected to increase in real numbers as well as relative to deaths from injuries and diseases. The global population aged 60 years or over-represented 962 million in 2017, the number of older persons is expected to double again by 2050 representing 2.1 billion. Due to recent coronavirus pandemic, oximeter has gained much attention owing to its potential in diagnosing and monitoring COVID-19 symptoms. Pulse oximeter plays an important role in monitoring COVID-19 patients. Increase in healthcare expenditure in the economies across the world and high demand for proactive monitoring arising from COVID-19 pandemic has propelled the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Pulse Oximeters. The growth and trends of Pulse Oximeters industry provide a holistic approach to this study.
This section of the Pulse Oximeters market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Pulse Oximeters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pulse Oximeters market include Medtronic (Covidien), Carefusion Corp., GE Healthcare, Philips Healthcare, Masimo, CAS Medical Systems Inc., Opto Circuits India Ltd., Nonin Medical Inc., Smiths Medical, Welch Allyn, Spacelabs Healthcare, Meditech Equipment Co., NIHON Kohden Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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