According to a new market research report published by Inkwood
Research, the Global Pulse
Oximeter Market is projected to register a CAGR of xx% in terms of revenue during
the forecasting years of 2019-2028.
“Browse 29 Market Data Tables and 37 Figures
spread over 180 Pages, along with an in-depth TOC on the Global Pulse Oximeter Market Forecast
2019-2028.”
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A non-invasive device used for surveilling oxygen levels and
heart rate of patients is called a pulse oximeter. It gives clinically relevant
information with regard to the health status of patients during post-surgery
management and diagnosis. It plays an instrumental role in deciding whether the
patient needs a ventilator. It is utilized during pre- and post-surgery,
emergencies, on-going treatment at hospitals, and home healthcare. It comes in
handy for patients suffering from COPD and other respiratory ailments.
Prevailing
Respiratory Diseases Fuels Market Growth
The innovations with regard to pulse oximeters are projected
to significantly impact market growth. Non-communicable diseases like cancer,
chronic lung diseases, diabetes, cardiovascular diseases, etc. have more
mortality rate than infectious diseases. According to the WHO, around 3 million
people died due to COPD in 2015. The increasing number of COPD cases is
estimated to rise in several countries in the near future due to the growing
geriatric population and increased smoking activities. COPD can be prevented
through timely intervention and diagnosis. Pulse oximetry is the most effective
and conventional diagnosis test that is utilized to determine the gravity of respiratory
ailment. As a result, the adoption of pulse oximeters is set to grow in the
coming years.
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Table-top/bedside
pulse oximeter dominated the Type Segment
The bedside pulse oximeters provide accurate readings with
precision. For instance, the Masimo SETTM pulse oximetry integrates technology
with east handling for safe monitoring of oxygen saturation in challenging
situations like low perfusions, intensive ambient light, and strong motions.
North
America is projected to Garner Huge Market Share
North America houses a vast population affected by the PAD.
There is also a high prevalence of Congenital Heart Disease (CHD), and Critical
Congenital Heart Disease (CCHD). Early
diagnosis becomes extremely important when it comes to the reduction of
mortality in such cases, thereby propelling the use and importance of pulse oximeters
in newborn screening. For patients and outpatients opting for the home setting,
the pulse oximeter is considered a reasonable necessity, and it is reimbursed
with the right documentation. The favorable reimbursement infrastructure thus
contributes to market growth in the region.
Some of the eminent companies, establishing their presence
and operations in the market include, Becton, Dickinson
and Company, Koninklijke Philips NV, GE Healthcare, Medtronic Plc, General Electric Company, etc. The players have incorporated the product
development strategy for enhancing their product portfolio. Several small- and mid-sized
companies are engaged in the manufacture of pulse oximeters.
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