The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pulse oximeter market report forecasts the pulse oximeter market size to grow to $3.13 Billion by 2027, with a CAGR (compound annual growth rate) of almost 5%.

Learn More On The Pulse Oximeter Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pulse-oximeter-global-market-report

Pulse Oximeter Market Size Forecast
The global pulse oximeter market is expected to grow from $2.45 billion in 2022 to $2.58 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pulse oximeter market size is expected to reach $3.13 billion in 2027 at a CAGR of 4.9%.

North America held the largest pulse oximeter market share.

Key Pulse Oximeter Market Driver ­– Rise In The Prevalence Of Respiratory Diseases
For example, the American Lung Association, a non-profit organisation based in the United States that promotes lung health and disease prevention, published a report in February 2023 indicating that over 34 million Americans suffer from chronic lung disorders such as asthma, COPD, emphysema, and chronic bronchitis. Furthermore, more than 25 million Americans suffer from respiratory difficulties as a result of asthma. Furthermore, the number of deaths caused by respiratory diseases in the United States increased from 38.9 deaths per 1 million population in 2018 to 39.1 deaths per 1 million population in 2019, according to data published by The Pan American Health Organisation (PAHO) in 2020, a specialised UN body responsible for fostering global health cooperation in the Americas. As a result, the increased prevalence of respiratory disorders is driving the growth of the pulse oximeter market.

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Key Pulse Oximeter Market Trend – Product Innovation
Major market players are focusing their efforts on developing novel products in order to strengthen their market position. Nonin Medical Inc., a US-based OEM solutions vendor, for example, announced single-use accessories for WristOx2® 3150 Pulse Oximeters in March 2021. This device is distinctive in that it offers a more practical and safer alternative to standard reusable pulse oximeter accessories, as well as improved patient comfort. WristOx2® 3150 Pulse Oximeters are small, lightweight, and wearable devices that test blood oxygen saturation levels.

Pulse Oximeter Market Segment
1) By Product Type: Fingertip, Handheld, Wrist-worn, Table-Top, And Bedside
2) By Technology: Conventional, Connected
3) By Age Group: Adult, Pediatric
4) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Home Healthcare

Pulse Oximeter Market Major Players and Strategies
Major players in the pulse oximeter market are Medtronic Plc, GE Healthcare, Masimo Corporation, Nonin Medical Inc., Nihon Kohden Corporation, Koninklijke Philips NV, Philips Healthcare, Contec Medical Systems Co. Ltd., Omron Corporation, Carefusion Corp., CAS Medical Systems Inc., Opto Circuits India Ltd., Welch Allyn Inc., Spacelabs Healthcare, Meditech Equipment Co. Ltd., Vyaire Medical Inc., Beurer GmbH, and Tenko Medical Systems.

Smiths Medical was acquired for an unknown sum in January 2022 by ICU Medical, a US-based company specialising in infusion therapy and critical care. This acquisition will benefit ICU Medical by allowing it to expand its product portfolio with Smiths Medical’s infusion pumps, catheters, and other vascular access devices. Smith Medical is a company established in the United States that creates, manufactures, and sells revolutionary medical equipment such as pulse oximeters.

The Pulse Oximeter Global Market Report 2023 covers regional data on pulse oximeter market size, pulse oximeter market trends and drivers, opportunities, strategies, and pulse oximeter market competitor analysis. The countries covered in the pulse oximeter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A pulse oximeter is a non-invasive measuring device that can instantly determine a person’s functional oxygen saturation (SpO2) and aid in the early detection of hypoxemia. A pulse oximeter’s primary function is to swiftly test the oxygen saturation level in the human body without the need of needles or blood samples.

View More Reports Related To The Pulse Oximeter Market –
Pulse Oximeters, Spirometers Global Market Report 2023
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