Pulse oximeter is a non-invasive device used to monitor a person’s oxygen saturation. In its most common mode of application, a sensor is placed on a thin part of the patient’s body, which is usually the tip of a finger or the earlobe in adults and in the case of new- born, it is placed on a foot. Pulse oximeter displays the blood percentage that is loaded with the oxygen. It is mainly convenient for continuous measurement of the blood oxygen saturation, noninvasively. It can be used in any setting where patient’s oxygenation is not stable for example in intensive care, operating, recovery, emergency and hospital ward, patient at high altitude for assessment of any patient’s oxygenation, pilots in unpressurized aircraft, and to determine whether there is requirement for supplemental oxygen.
Pulse oximeters are usually used for diagnosis of sleeping disorders for instance hypopnea and apnea. The pulse oximeter with the portable battery is useful for pilots operating in the non-pressurized aircraft where supplemental oxygen is requisite. The pulse oximeter is also widely used by climbers and athletes because there is a low concentration of oxygen at high altitudes or during intense training.
As per analysis, “Pulse Oximeter Market: Current Analysis and Forecast (2021-2027)” the key companies operating in the global pulse oximeter market include CAS Medical Systems Inc., Smiths Medical, MASIMO, GE Healthcare, Medtronic, Opto Circuits India Ltd., NONIN Medical Inc., Welch Allyn and Spacelabs healthcare, Philips Healthcare, Carefusion Corp and among others. Major players operating in Pulse Oximeter industry have adopted the product launch as a key development strategy to expand their presence in the market.
By product type, pulse oximeter market is segmented as table-top, hand-held, fingertip and wrist-worn. By sensor type, market is segmented as disposable and reusable. By patient type, market is segmented as pediatric, neonatal and adult. In addition, by end-user, market is segmented as clinics & healthcare facilities, diagnostic centers, hospitals and home care. The hospital segment dominates the global market owing to higher adoption & higher utilization of these devices in the hospitals.
Growth in technological advancements in pulse oximeter devices, followed by increase in prevalence of congenital heart disease (CHD) among the pediatric age group, increase in investments to improve healthcare infrastructure, growth in geriatric population & rise in incidence of chronic diseases, rise in prevalence of respiratory diseases and increase in number of surgical procedures & hospitalizations are some major factors, which are responsible for growth of the pulse oximeter market. However, poor healthcare infrastructure in few regions and growth in regulations & accuracy concerns over over-the-counter pulse oximeters may impact the market. Moreover, rise in demand for patient monitoring in non-hospital settings and growth in medical device companies & outsourcing operations in emerging economies are leading opportunities for market.
Based on regional analysis, the North-America is a leading region in global pulse oximeter market owing to increase in awareness regarding the importance of monitoring-respiratory vitals among the common population across the region. The Europe and Asia-Pacific regions are anticipated to witness higher growth rate due to increase in market penetration by emerging players and growth in patient population over the forecast period. It is projected that future of the global pulse oximeter market will be bright caused by increase in prevalence of heart conditions such as chronic obstructive pulmonary disease and heart failure during the forecast period.
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