Pulse Oximeters Market Size Is Booming Worldwide With | Medtronic (Covidien), Carefusion Corp., GE Healthcare, Philips Healthcare, Masimo

Reports & Insights freshly released a new report entitled as “Pulse Oximeters Market: Opportunity Analysis and Future Assessment 2023-2030”, in which the base year is considered for the study is 2021, estimated year is 2022, and the forecasted year is considered 2022-2030. The global pulse oximeters market in 2022 is estimated for more than US$ 2.3 Mn and expected to reach a value of US$ 4.9 Mn by 2030 with a significant CAGR of 9.8%. The report promises to offer its clients with an absolute across-the-board, premium quality primary data about the market prospects and in-depth knowledge of the trends prevailing in the market. The report further aims to provide a quantitative and qualitative synopsis of the theoretical framework and rational approach of the market expatiate using certified research methodologies and proficient expertise.

The global pulse oximeters market is estimated to reach at a value of US$ 2.3 Mn by the end of 2022 and expected to reach at a value of US$ 4.9 Mn by 2030 with a significant CAGR of 9.8%.

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Pulse Oximeters Introduction

Pulse oximeter can be defined as a non-invasive medical tool which serves its utility in overseeing an individual’s oxygen saturation. In the most general application mode of a pulse oximeter, the sensor equipment is put on a skinny portion of the patient's body, which is generally an earlobe or a fingertip in the case of adults and it is put across a foot in case of infants.

The pulse oximeter display shows the percentage of blood that is affluent with oxygen. Pulse oximeter particularly estimates the amounts or percentage of hemoglobin, the protein in blood that comprises oxygen.

Pulse Oximeters Market Dynamics

Some of the major factors that are essentially boosting the demand of pulse oximeters across the global markets is the rapidly rising geriatric population all across the world. On top of that, in the present times, the sudden outbreak of COVID-19 global crisis is further exponentially accelerating the demand for pulse oximeters all across the globe. Owing to which, the global pulse oximeters market is projected to rise substantially in the forecast period.

In addition to that, the huge upsurge in incidence rate of chronic diseases, such as obesity, cardiovascular disorders among the population is further fueling the demand for pulse oximeters worldwide. However, inadequacy of awareness about these devices in emerging economies is likely to hinder the market growth in coming years.

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Pulse Oximeters Market Segmentation

The global pulse oximeters market is segmented on the basis of type, end-use, and region

By Type

• Handheld
• Others

By End-use

• Hospitals & Other Healthcare Facilities
• Homecare

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Pulse Oximeters Market Key Players

The key participating players of the global Pulse Oximeters market include Medtronic (Covidien), Carefusion Corp., GE Healthcare, Philips Healthcare, Masimo, CAS Medical Systems, Inc., Opto Circuits India Ltd., Nonin Medical, Inc., Smiths Medical, Welch Allyn, Spacelabs Healthcare, Meditech Equipment Co., Nihon Kohden Corporation, among others.

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