Global Pulse Oximeter Market Report 2023: Sector is Expected to Reach $4.2 Billion by 2031

DUBLIN--(BUSINESS WIRE)--Jun 1, 2023--

The "Global Pulse Oximeter Market Report and Forecast 2023-2031" report has been added to ResearchAndMarkets.com's offering.

The global pulse oximeter size attained a value of USD 2.4 billion in 2022. The market is anticipated to grow at a healthy CAGR during the forecast period of 2023-2031 to attain a value of USD 4.2 billion by 2031.

A pulse oximeter is a non-invasive medical device used to measure the oxygen saturation level (SpO2) in a person's blood, as well as their pulse rate. Oxygen saturation refers to the percentage of haemoglobin molecules in the blood that are carrying oxygen, and a normal SpO2 level ranges from 95% to 100% for healthy individuals.

The key drivers and developments in the pulse oximeter market can be attributed to several factors. The increasing prevalence of chronic respiratory diseases, such as COPD, asthma, and sleep apnea, has contributed to a growing demand for pulse oximeters.

Advancements in technology have led to the development of smaller, more portable, and user-friendly devices, making it easier for individuals to monitor their oxygen levels at home or on-the-go. The COVID-19 pandemic has further highlighted the importance of pulse oximeters, as they have been used extensively to monitor patients with severe respiratory symptoms and help identify early signs of hypoxia.

Additionally, there is a growing awareness of the importance of maintaining optimal oxygen levels in athletic performance and high-altitude activities, leading to an increased demand for pulse oximeters among these populations. Lastly, government initiatives and favourable reimbursement policies have played a role in supporting the adoption of pulse oximeters in various healthcare settings.

Key Players

The report gives an in-depth analysis of the key players involved in the pulse oximeter market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:

Uses and benefits of a pulse oximeter include:

The benefits of using a pulse oximeter include its non-invasive nature, ease of use, rapid results, and the ability to provide continuous monitoring in various settings.

Market Segmentation

The market can be categorised into type, product, technology, age group, end use, route of administration, treatment channel, distribution channel, end user, and major region.

by Type

by Product

by Technology

by Age Group

by End Use

by Route of Administration

by Treatment Channel

by Distribution Channels

by End User

For more information about this report visit https://www.researchandmarkets.com/r/1gssut

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KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2023.

PUB: 06/01/2023 09:22 AM/DISC: 06/01/2023 09:21 AM

http://www.businesswire.com/news/home/20230601005685/en

Copyright Business Wire 2023.