Infinium Global Research’s recent report on the “Pulse Oximeters Market (Type (Fingertip Pulse Oximeters, Handheld Pulse Oximeters, and Other Pulse Oximeters), End-Use (Hospitals and Other Healthcare Facilities, and Homecare): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026” provides a comprehensive outline of the factors responsible for the growth of the market. According to the report, the global market for pulse oximeters was worth USD 2.1 billion in 2020 and is expected to reach over USD 3 billion by 2026 growing with a CAGR of 6.65% over 2020-2026.

To Know More Request a Sample of this Report: https://bit.ly/3eugws0

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2022-2028."

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.

Rising Government Funding in the Treatment of the Virus

A pulse oximeter is an important medical device that is used to check the health of a person with any condition that affects blood oxygen levels, such as heart attack, heart failure, chronic obstructive pulmonary disease (COPD), anemia, lung cancer, asthma, and pneumonia. Therefore, as the prevalence of these chronic diseases remains high, and as the cost of care in hospitals rises, demand for pulse oximeters is expected to be high over the forecast period.

Moreover, a rapidly rising aging population and their increasing vulnerabilities coupled with the rising income levels are increasing the number of hospitalization and thereby the demand for monitoring equipment such as pulse oximeters. As the percentage of the aging patient population has risen, the percentage of people demanding home care has also grown considerably. Furthermore, the pulse oximeter has become a standard in home care due to its safe application and the high value of the information it provides.

The spread of the COVID-19 pandemic has significantly stressed the healthcare infrastructure across the world. This is anticipated to prompt healthcare device manufacturers, payers, and pharmaceutical companies to adopt AI technology in areas of medical imaging, drug discovery, diagnosis, and precision medicine. Since Covid-19 hits patients’ lungs, oxygen levels in one’s blood are believed to be a key indicator of whether one has the disease. According to medical experts, COVID-19 patients are found to have a lower oxygen rate, hence the device is crucial in diagnosing and monitoring COVID-19 symptoms. The perfect combination of tracking body temperature and oxygen rate present in a pulse oximeter will help in the immediate tracking of potential cases.

Moreover, the increase in demand for pulse oximeters from the U.S., the U.K., several European countries, and developing countries such as India and Brazil led to a huge demand-supply gap in the market. Therefore, the manufacturers are also increasing their production output as the demand is currently exceeding supply. However, the rising government funding in the treatment of the virus is also anticipated to drive the adoption of a pulse oximeter in medical facilities.

Growing Application of Machine Learning in Various Applications to Drive the Pulse Oximeters Market

Based on type, the global pulse oximeters market is categorized into fingertip pulse oximeters, handheld pulse oximeters, and other pulse oximeters. Among these, the handheld pulse oximeters segment is expected to dominate the market during the forecast period. The sub-segment is growing at a lucrative rate and it is expected to register a CAGR of 7.19% in the forecast period. This type allows the pulse oximeters to be used with different types of sensors that are compatible with the system. This provides the user with a choice of reusable or disposable sensors, as well as a choice of different sites including the hand, earlobe, foot, finger, or toe.

Moreover, compared with a fingertip pulse oximeter there is a lot of space available inside the device which allows the manufacturers to include other functions, such as rechargeable batteries, audible alarms, and data storage memory. Additionally, some handheld devices can be used with charger bases, which can be placed to convert them into a bedside-type unit. With its multifunctional use with accuracy, the handheld pulse oximeter type is expected to continue its growth over the forecast period.

Anniversary Month Offer...! IGR Offering a 20% Discount On Its Reports. Click Here and Get the Discount: https://bit.ly/3QsGb1o

Pulse Oximeters Market to Register Several Mergers and Acquisitions Over the Forecast Years

The key players in the pulse Oximeter Market are Nihon Kohden Corporations, Medtronic Plc, Smiths Medical, Nonin, Meditech Equipment Co., Ltd, GE Healthcare, Masimo Corporation, Contec Medical Systems Co., Ltd, Spacelabs Healthcare, and Koninklijke Philips N.V. The rapid adoption by anesthesiologists and soon afterward intensive care specialists promoted bedside monitoring companies to develop or license pulse oximetry from the leading companies.

For instance, in May 2019 Masimo and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. announced a purchase and license agreement, under which Mindray will offer Masimo SET® Measure through Motion and Low Perfusion™ pulse oximetry in its monitoring devices. Mindray offers Masimo SET® Pulse Oximetry in its Patient monitoring devices in countries beyond the United States. Furthermore, major market players adopt an acquisition strategy to remain competitive in the market. For instance, In August 2018, Philips acquired Xhale Assurance Inc, a US-based scale-up company developing and commercializing next-generation sensor technologies.

Infinium Global Research’s recent report on the global Pulse oximeters market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the leading players that have contributed greatly to the growth of the market and also estimates the impact of product innovations, similar to that of the aforementioned product on the global market.

North America Region to Generate Highest Revenue in the Global Pulse Oximeters Market

In terms of geographies, the pulse oximeter market is segmented into North America, Europe, Asia Pacific, and RoW. The North America region dominates the global pulse oximeter market owing to increasing awareness regarding the importance of monitoring respiratory vitals among the common population. Furthermore, Europe is expected to hold a significant share in the global pulse oximeter market due to the high prevalence of Congenital Heart Disease (CHD) across the region. The Asia Pacific region is anticipated to be the fastest-growing region over the forecast period due to its high population base, high disposable incomes, and growth in patient awareness about advanced pulse oximeters. South America and Middle East & Africa are likely to expand at a healthy pace in the coming years owing to the rising awareness of advanced healthcare technologies are likely to boost demand for the pulse oximeter market in the region.

Browse Complete Report@ https://bit.ly/3RHJKlu

About Us

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling the business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.

Through our information services and solutions, we assist our clients in improving their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts is engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meetings with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.