Pulse Oximeter Market Size, Share, Trends, Demand & Growth 2026 | by CAS Medical Systems, Covidien Plc, Masimo Corporation, Nihon-Kohden Corp., Nonin Medical etc
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Pulse oximeter is a noninvasive device that monitors a person’s oxygen saturation. In general applications, a sensor is placed on thin part of the patient body such as a fingertip or earlobe in case of adults and across the foot in case of infants. The pulse oximeter highlights the percentage of blood that contains oxygen. The pulse oximeter calculates the amount of hemoglobin and protein in blood. Pulse oximeter continuously noninvasively measures blood oxygen saturation.
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It can be used in intensive care, recovery, operating, emergency and hospital ward, pilots in unpressurized aircraft, patient at high altitude for assessment of any patient’s oxygenation. It is also used to determine the need for supplemental oxygen. Furthermore, pulse oximeter is simple and capable to offer continuous and immediate oxygen saturation values that makes the device critically vital in emergency medicine or first aid.
Furthermore, the simplicity of use and ability to provide continuous and immediate oxygen saturation values makes pulse oximeters of critical importance in emergency medicine or first aid. Pulse oximeter are useful for patients with cardiac problem, respiratory problem and chronic obstructive pulmonary disease.
Moreover, pulse oximeter are used for diagnosis of sleeping disorders such as hypopnea and apnea. The pulse oximeter with portable battery are useful for pilots operating in a non-pressurized aircraft where supplemental oxygen is required. Pulse oximeter are also used extensively used by mountain climbers and athletes whose oxygen level may decrease at high altitude or with extensive workout.
Pulse Oximeter Market Taxonomy
By Product Type
- Table-top/Bedside Pulse Oximeters
- Fingertip Pulse Oximeters
- Wrist-worn Pulse Oximeters
- Handheld Pulse Oximeters
- Pediatric Pulse Oximeters
By End Users
- Healthcare Facilities
- Ambulatory Surgical Centers
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Factors that drive growth of the pulse oximeter market over the forecast period:
Healthcare workers are focusing on adopting enhanced and dependable detection algorithms, which is expected to boost the market growth. Moreover, increasing awareness and high prevalence of diseases that rely on continuous monitoring for efficient treatment is also expected to boost the market growth. Other factors that positively impact the market growth include, technological advancements and expansion of clinical applications such as in critical care, childbirth, neonatal, surgery, anesthesia, and pediatric care. Pulse oximeters are portable, compact, and offer high connectivity. These factors are also expected to drive the market growth.
Furthermore, increase geriatric population is expected to aid in growth of the pulse oximeter market. The International Journal of Health Policy and Management demonstrated periodic increase during 2004-2012 of aging associated increase in hospitalization, which was pegged at 1.03 million, globally. Standard practices adopted in patient monitoring also creates a lucrative landscape for growth of the global pulse oximeter market. Increasing adoption of alternate care facilities and R&D also contributes to growth of the market. For instance, according to National Sleep Foundation, in 2012, around 40 million people in the U.S. suffered from chronic sleep disorder, which suggests increased use of pulse oximeter.
Regional growth engines of the pulse oximeter market
According to Centers for Disease Control and Prevention (CDC) and American Academy of Pediatrics (AAP) in September 2014 mandatory critical congenital heart defects (CCHD) screening for new born is a key reason for dominance of U.S for market of pulse oximeter market. Asia Pacific is assumed to observe fastest growth in near future due to increase in investment of industry player in this region is a key reason for growth of market. According to The European Sleep Apnea Database (ESADA), of March 2014, the number of enrollment of patients has reached to 15,956 along with 5313 follow up visits which shows that pulse oximeter market is rising in Europe
Major players operating in pulse oximeter market
There are few big brands that are expected to favor the growth of pulse oximeter market. The Apple watch used pulse oximeter technology for its heart rate monitor which has increased the market size of pulse oximeter. Key players operating in pulse oximeter market are CAS Medical Systems Inc., Covidien Plc, Masimo Corporation, Nihon-Kohden Corp., Nonin Medical Inc., Opto Circuits Ltd., Criticare Systems Inc., Mediaid Inc., Spacelabs Health care Inc., Philips Healthcare and Welch Allyn Inc.
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