US Pulse Oximeters Market

Market Introduction

Pulse oximeter is a non-invasive device used for monitoring oxygen saturation level in blood. It is a small, clip-like device that is attached to finger or earlobe. It is primarily used in intensive care, operating, and emergency care for assessment of a patient’s oxygen level. Pulse oximeters are useful for patients with cardiac problem, respiratory problems, and chronic obstructive pulmonary diseases. The US pulse oximeters market growth is mainly attributed to increasing prevalence of respiratory diseases and growing preference for remote patient monitoring. Moreover, strategic developments by manufacturers, such as product innovations, product launches, R&D investments, and mergers and acquisitions, are further expected to foster the market growth during the forecast period. However, inaccuracies in pulse oximeter readings due to several factors, such as changes in the arterial pulse, body movements, color interferences, and venous pulsations, limit the growth of the market.

COVID-19 is a respiratory disease and it primarily affects lungs, therefore, increasing demand for respiratory devices including pulse oximeters. These are major intervention for patients with severe Covid-19 infection, and the healthcare providers need to ensure the availability of pulse oximeters and other medical oxygen systems. In COVID patients, the oxygen levels drop significantly and can even drop to 40% as compared to Normal oxygen levels that is above 95%. The oximeter has become crucial in the management and monitoring of COVID-19 patients. The market for these devices is growing due to their ability in early detection and remote monitoring of patients.

US Pulse Oximeters Strategic Insights

Strategic insights for the US Pulse Oximeters provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

US Pulse Oximeters Report Scope

US Pulse Oximeters Regional Insights

The geographic scope of the US Pulse Oximeters refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The US pulse oximeters market is projected to reach US$ 1,106.78 million by 2027 from US$ 541.01 million in 2019. The market is anticipated to grow with a CAGR of 9.2% from 2020 to 2027. Factors driving the market growth are increasing prevalence of respiratory diseases and growing preference for remote patient monitoring. However, inaccuracies in pulse oximeter readings due to several factors, such as changes in the arterial pulse, body movements, color interferences, and venous pulsations are likely to have a negative impact on the market growth.

Key Market Segments

Based on type, the handheld pulse oximeters segment accounted for a larger share of the US pulse oximeters market in 2019. In terms of end user, the hospitals segment held a larger share of the pulse oximeters market in the US.

Major Sources

A few major primary and secondary sources referred to while preparing the US pulse oximeters market report are World Health Organization, and Centre for Disease Prevention and Control.

Reasons to buy the report

• To understand the US pulse oximeters market landscape and identify market segments that are most likely to guarantee a strong return
• To stay ahead in comprehending the ever-changing competitive landscape of the US pulse oximeters market
• To efficiently plan M&A and partnership deals in the US pulse oximeters market by identifying market segments with the most promising probable sales
• To help take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the US pulse oximeters market
• To obtain market revenue forecast from 2020 to 2027 in various segments of the US pulse oximeters

US PULSE OXIMETERS MARKET SEGMENTATION

By Type

• Fingertip Pulse Oximeters
• Handheld Pulse Oximeters
• Wrist-worn Pulse Oximeters
• Pediatric Pulse Oximeters

By End User

• Hospitals
• Clinics
• Others

Company Profiles

• Nonin
• Koninklijke Philips N.V.
• VYAIRE MEDICAL, INC
• Smiths Medical
• Hill Rom Holding Inc.
• Edwards Lifesciences Corporation
• Medtronic
• Masimo
• Beurer GmbH
• Maxtec