Pulse Oximeters Market By Product Type (Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Bench-Top Pulse Oximeters, and Wearable Pulse Oximeters), By Age Group (Adult and Pediatrics), By End User (Hospitals, Ambulatory Surgical Centers, Homecare Settings, and Others), And By Geography is expected to grow at a consistent CAFR Forecast till 2026 owing to unprecedented COVID-19 pandemic and rising technological advancement
Global Pulse Oximeters Market was valued at USD 1.9 billion in 2020, growing at a CAGR of 10.13% during the forecast period from 2021 to 2026, to reach USD 3.3 billion by 2026. The demand for Pulse Oximeters is primarily attributed to the sudden outbreak of the COVID-19 pandemic, rising prevalence of various respiratory disorders coupled with the growing geriatric population, technological advancement, and availability of new products.
Pulse Oximeters are a type of Pulse Oximeters that are widely used to monitor the oxygen saturation in the blood as well as to track the pulse rate simultaneously. The Pulse Oximeters market is witnessing an increased growth due to the unprecedented outbreak of novel coronavirus pandemic and the demand is expected to remain high during the forthcoming years. This is mainly because these devices have been extensively used by the population as an early screening method for the deadly disease. Infection with coronavirus affects the respiratory organ of the body along with other vital organs causing severe acute respiratory syndrome (SARS) which tends to decrease the oxygen saturation in the blood level at normal room air conditions. Also, as per the WHO clinical management of SARS interim guidelines pulse oximeters, functioning oxygen systems and appropriate oxygen-delivering interfaces should be available in all areas where patients with a severe acute respiratory infection (SARI) are taken care of.
Moreover, increasing awareness among the population regarding applications of pulse oximeters in COVID-19 management is also likely to fuel the Global Pulse Oximeters market.
Also, the rising prevalence of chronic respiratory disorder worldwide is likely to boost the global market for pulse oximeters. Chronic respiratory disorder such as asthma, Chronic Obstructive Pulmonary Disorder, emphysema, and others usually leads to hypoxemia, a condition when levels of oxygen in the blood are lower than normal. For instance, as per the WHO report, approximately 235 million people suffer from asthma and more than three million people die each year from COPD, worldwide. Therefore the rising prevalence of such respiratory disorders require devices like pulse oximeters that provide valuable insight regarding the oxygen saturation percentage and give alerts for low oxygen level thereby raising their demand.
In addition, technological advancement in pulse oximeters such as alarm systems, extensive memory, easily transferable data, and installation of Bluetooth systems within the device modality is another factor that is likely to augment the global market for pulse oximeter devices. For instance, in December 2020, Shenzhen AOJ Medical Technology Co., Ltd received FDA clearance for its Pulse Oximeter (model: AOJ-70A, AOJ-70B, AOJ-70C, AOJ-70D, and AOJ-70E). These oximeters are equipped with a skin-friendly silicone finger pad, are compact, portable, and comprise the alarm function.
Certain factors such as regulations and accuracy concerns over OTC Pulse Oximeters pose as a minor hurdle for the growth of the pulse oximeter market.
Pulse Oximeters by Product Type (Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Bench-Top Pulse Oximeters, and Wearable Pulse Oximeters), by Age Group (Adult and Paediatrics), By End User (Hospitals, Ambulatory Surgical Centers, Homecare Settings, and Others), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In the Pulse Oximeters product segment, the fingertip pulse oximeter (which is simply clipped to the fingers) is expected to hold the largest market during the forecasted period, 2021-2026. This is because these devices are cost-effective and are easily affordable. Moreover, better precision and effective ergonomics raise the demand for fingertip pulse oximeters for self-monitoring of saturated oxygen level.
Further, the availability of newly developed fingertip pulse oximeters that are capable of measuring pulse rate, perfusion rate, and respiration rate along with detecting oxygen levels is also anticipated to propel the market. The incorporation of telehealth technology with these fingertip oximeters can also contribute to the pulse oximeter market growth. For instance, the recent launch of artificial intelligence-powered Fingertip Pulse Oximeter (SpO2) by TytoCare Ltd on January 21, 2021, which enables remote monitoring at the time of the COVID crisis is likely to boost the pulse oximeter market.
North America is expected to dominate the overall pulse oximeters market during the forecast period. This domination is due to the growing demand for respiratory monitoring devices owing to the rising prevalence of respiratory diseases, increased R&D funding, favourable reimbursement for these devices, and the presence of an advanced healthcare system
Further, the United States represents the largest market worldwide supported by developed healthcare infrastructure and rising adoption of advanced non-invasive patient monitoring technologies. In addition presence of key market players such as Masimo, Nonin Medical Inc, among others is also expected to boost the market. Also, advanced product launches and commercialization agreements among the key companies are further expected to fuel the market. For instance, recently in March 2021, Nonin Medical, Inc. launched two new disposable products – a single-use wristband and a sensor for use with Nonin’s WristOx2 3150, wrist-worn pulse oximeter (SpO2). Nonin’s new disposables offer immediate and cost-effective solutions to reduce healthcare provider and patient exposure to infectious agents during the pandemic. Thus, these are some of the factors contributing to the market growth of pulse oximeters in the region.
Europe and Asia-Pacific region have the future potential growth for the Global Pulse Oximeters. This is due to the rising burden of the geriatric population who are susceptible to developing pulmonary disorders in the European region countries and Asian countries also. Rapid urbanization, increase in disposable income, penetration by emerging local players in the market, rising awareness related to advanced healthcare technologies is likely to surge the market during the forecasted period. For instance, DetelPro, which entered the Indian market in 2020, has launched the most cost-effective pulse oximeter, DetelPro Oxy10. Hence, such factors are likely to boost the pulse oximeter market in these regions.
Some of the key market players operating in the Pulse Oximeters market include Medtronic, Nonin Medical Inc., Lepu Medical Technology, TytoCare Ltd., VYAIRE., OMRON Corporation, Meditech Equipment Co ., Ltd, among others.
What are Pulse Oximeters?
A pulse oximeter is a device that uses light beams to estimate the oxygen saturation of the blood and the pulse rate. It is usually placed on a fingertip but can also be used as a handheld, benchtop, or wearable device.
What is the market for Global Pulse Oximeters?
Global Pulse Oximeters Market was valued at USD 1.9 billion in 2020, growing at a CAGR of 10.13% during the forecast period from 2021 to 2026, to reach USD 3.3 billion by 2026.
What are the drivers for Global Pulse Oximeters?
The major drivers driving the demand for Pulse Oximeters are the rising prevalence of respiratory disorders, growing technological advancement in the product portfolio, the sudden outbreak of the Covid-19 pandemic, among others.
What are the key players operating in Global Pulse Oximeters Market?
Some of the key market players operating in the Pulse Oximeters market include Medtronic, Nonin Medical Inc., Lepu Medical Technology, TytoCare Ltd., VYAIRE., OMRON Corporation, Meditech Equipment Co ., Ltd, among others.
What regions have the highest share in the Pulse Oximeters market?
North America is expected to dominate the overall Pulse Oximeters market during the forecast period, 2021 to 2026 owing to the presence of an advanced healthcare system with developed infrastructure, the existence of key manufacturers, and the launch of advanced products in the region.
1. Pulse Oximeters Market Report Introduction
2. Pulse Oximeters Market Executive summary
2.1. Scope of the Study
2.2. Market at Glance
2.3. Competitive Assessment
2.4. Financial Benchmarking
3. Regulatory and Patent Analysis
3.1. The United States
3.2. Europe
3.2.1. Germany
3.2.2. France
3.2.3. Italy
3.2.4. Spain
3.2.5. The U.K.
3.3. Japan
4. Pulse Oximeters Market Key factors analysis
4.1. Pulse Oximeters Market Drivers
4.1.1. Outbreak of COVID-19
4.1.2. Rising Prevalence of Respiratory Diseases
4.1.3. Technological Advancements in Pulse Oximeter Devices
4.1.4. The increasing cost of healthcare
4.2. Pulse Oximeters Market Restraints and Challenges
4.2.1. Regulatory Concerns Over OTC Pulse Oximeters
4.2.2. Limited Accuracy
4.3. Pulse Oximeters Market Opportunities
4.3.1. Rising Adoption of Telehealth
4.3.2. Growing Demand for Patient Monitoring in Non-Hospital Settings
5. Pulse Oximeters Porter’s Five Forces Analysis
5.1. Bargaining Power of Suppliers
5.2. Bargaining Power of Consumers
5.3. Threat of New Entrants
5.4. Threat of Substitutes
5.5. Competitive Rivalry
6. COVID-19 Impact Analysis on Pulse Oximeters Market
7. Pulse Oximeters Market layout
7.1. By Product Type
7.1.1. Fingertip Pulse Oximeters
7.1.2. Handheld Pulse Oximeters
7.1.3. Bench top Pulse Oximeters
7.1.4. Wearable Pulse Oximeters
7.2. By Age Group
7.2.1. Adults
7.2.2. Pediatrics
7.3. By End User
7.3.1. Hospitals
7.3.2. Ambulatory Surgical Centers
7.3.3. Homecare Settings
7.3.4. Others
7.4. By Geography
7.4.1. North America
7.4.1.1. North America Pulse Oximeters Market, by Product Type
7.4.1.2. North America Pulse Oximeters Market, by Age Group
7.4.1.3. North America Pulse Oximeters Market, by End User
7.4.1.4. North America Pulse Oximeters Market, by Country
7.4.1.4.1. United States
7.4.1.4.2. Canada
7.4.1.4.3. Mexico
7.4.2. Europe
7.4.2.1. Europe Pulse Oximeters Market, by Product Type
7.4.2.2. Europe Pulse Oximeters Market, by Age Group
7.4.2.3. Europe Pulse Oximeters Market, by End User
7.4.2.4. Europe Pulse Oximeters Market, by Country
7.4.2.4.1. France
7.4.2.4.2. Germany
7.4.2.4.3. United Kingdom
7.4.2.4.4. Italy
7.4.2.4.5. Spain
7.4.2.4.6. Russia
7.4.2.4.7. Rest of Europe
7.4.3. Asia-Pacific
7.4.3.1. Asia-Pacific Pulse Oximeters Market, by Product Type
7.4.3.2. Asia-Pacific Pulse Oximeters Market, by Age Group
7.4.3.3. Asia-Pacific Pulse Oximeters Market, by End User
7.4.3.4. Asia-Pacific Pulse Oximeters Market, by Country
7.4.3.4.1. China
7.4.3.4.2. Japan
7.4.3.4.3. India
7.4.3.4.4. Australia
7.4.3.4.5. South Korea
7.4.3.4.6. Rest of Asia Pacific
7.4.4. Rest of the World (RoW)
7.4.4.1. RoW Pulse Oximeters Market, by Product Type
7.4.4.2. RoW Pulse Oximeters Market, by Age group
7.4.4.3. RoW Pulse Oximeters Market, by End User
7.4.4.4. RoW Pulse Oximeters Market, by Region
7.4.4.4.1. Middle East
7.4.4.4.2. Africa
7.4.4.4.3. South America
8. Pulse Oximeters Global Company Share Analysis – Key 3-5 Companies
9. Pulse Oximeters Company and Product Profiles
9.1. Medtronic
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Financial Overview
9.1.4. Product Listing
9.1.5. Entropy
9.2. Nonin.
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Financial Overview
9.2.4. Product Listing
9.2.5. Entropy
9.3. Lepu Medical Technology
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Financial Overview
9.3.4. Product Listing
9.3.5. Entropy
9.4. TytoCare Ltd.
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Financial Overview
9.4.4. Product Listing
9.4.5. Entropy
9.5. Meditech Equipment Co .,Ltd
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Financial Overview
9.5.4. Product Listing
9.5.5. Entropy
9.6. VYAIRE.
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Financial Overview
9.6.4. Product Listing
9.6.5. Entropy
9.7. OMRON Corporation
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Financial Overview
9.7.4. Product Listing
9.7.5. Entropy
9.8. Promed
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Financial Overview
9.8.4. Product Listing
9.8.5. Entropy
9.9. Smiths Medical
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Financial Overview
9.9.4. Product Listing
9.9.5. Entropy
9.10. NISSEI HOLDINGS INC.
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Financial Overview
9.10.4. Product Listing
9.10.5. Entropy
9.11. CONTEC MEDICAL SYSTEMS CO., LTD
9.11.1. Company Overview
9.11.2. Company Snapshot
9.11.3. Financial Overview
9.11.4. Product Listing
9.11.5. Entropy
9.12. Shenzhen Aeon Technology Co., Ltd.
9.12.1. Company Overview
9.12.2. Company Snapshot
9.12.3. Financial Overview
9.12.4. Product Listing
9.12.5. Entropy
9.13. Masimo
9.13.1. Company Overview
9.13.2. Company Snapshot
9.13.3. Financial Overview
9.13.4. Product Listing
9.13.5. Entropy
9.14. SPENGLER HOLTEX Group
9.14.1. Company Overview
9.14.2. Company Snapshot
9.14.3. Financial Overview
9.14.4. Product Listing
9.14.5. Entropy
9.15. Opto Circuits India Ltd.
9.15.1. Company Overview
9.15.2. Company Snapshot
9.15.3. Financial Overview
9.15.4. Product Listing
9.15.5. Entropy
10. Project Approach
10.1. Secondary Sources
10.2. Primary Sources
10.3. Data Triangulation
10.4. Key Expert Opinions
11. KOL Views
12. DelveInsight Capabilities
13. Disclaimer
14. About DelveInsight
List of Table
Table 1: Competitive Analysis
Table 2: COVID-19 Impact Analysis on Pulse Oximeters Market Analysis
Table 3: Pulse Oximeters Market Analysis in Global (2018-2026)
Table 4: Pulse Oximeters Market Analysis in Global by Product Type (2018-2026)
Table 5: Pulse Oximeters Market Analysis in Global by Age Group (2018-2026)
Table 6: Pulse Oximeters Market Analysis in Global by End User (2018-2026)
Table 7: Pulse Oximeters Market Analysis in Global by Geography (2018-2026)
Table 8: Pulse Oximeters Market Analysis in North America (2018-2026)
Table 9: Pulse Oximeters Market Analysis in North America by Product Type (2018-2026)
Table 10: Pulse Oximeters Market Analysis in North America by Age Group (2018-2026)
Table 11: Pulse Oximeters Market Analysis in North America by End User (2018-2026)
Table 12: Pulse Oximeters Market Analysis in North America by Country (2018-2026)
Table 13: Pulse Oximeters Market Analysis in the US (2018-2026)
Table 14: Pulse Oximeters Market Analysis in Canada (2018-2026)
Table 15: Pulse Oximeters Market Analysis in Mexico (2018-2026)
Table 16: Pulse Oximeters Market Analysis in Europe (2018-2026)
Table 17: Pulse Oximeters Market Analysis in Europe by Product Type (2018-2026)
Table 18: Pulse Oximeters Market Analysis in Europe by Age Group (2018-2026)
Table 19: Pulse Oximeters Market Analysis in Europe by End User (2018-2026)
Table 20: Pulse Oximeters Market Analysis in Europe by Country (2018-2026)
Table 21: Pulse Oximeters Market Analysis in France (2018-2026)
Table 22: Pulse Oximeters Market Analysis in Germany (2018-2026)
Table 23: Pulse Oximeters Market Analysis in the UK (2018-2026)
Table 24: Pulse Oximeters Market Analysis in Italy (2018-2026)
Table 25: Pulse Oximeters Market Analysis in Spain (2018-2026)
Table 26: Pulse Oximeters Market Analysis in Russia (2018-2026)
Table 27: Pulse Oximeters Market Analysis in Rest of Europe (2018-2026)
Table 28: Pulse Oximeters Market Analysis in Asia-Pacific (2018-2026)
Table 29: Pulse Oximeters Market Analysis in Asia-Pacific by Product Type (2018-2026)
Table 30: Pulse Oximeters Market Analysis in Asia-Pacific by Age Group (2018-2026)
Table 31: Pulse Oximeters Market Analysis in Asia-Pacific by End User (2018-2026)
Table 32: Pulse Oximeters Market Analysis in Asia-Pacific by Country (2018-2026)
Table 33: Pulse Oximeters Market Analysis in China (2018-2026)
Table 34: Pulse Oximeters Market Analysis in Japan (2018-2026)
Table 35: Pulse Oximeters Market Analysis in India (2018-2026)
Table 36: Pulse Oximeters Market Analysis in Australia (2018-2026)
Table 37: Pulse Oximeters Market Analysis in South Korea (2018-2026)
Table 38: Pulse Oximeters Market Analysis in Rest of Asia-Pacific (2018-2026)
Table 39: Pulse Oximeters Market Analysis in Rest of World (2018-2026)
Table 40: Pulse Oximeters Market Analysis in Rest of World by Product Type (2018-2026)
Table 41: Pulse Oximeters Market Analysis in Rest of World by Age Group (2018-2026)
Table 42: Pulse Oximeters Market Analysis in Rest of World by End User (2018-2026)
Table 43: Pulse Oximeters Market Analysis in Rest of World by Country (2018-2026)
Table 44: Pulse Oximeters Market Analysis in Middle East (2018-2026)
Table 45: Pulse Oximeters Market Analysis in Africa (2018-2026)
Table 46: Pulse Oximeters Market Analysis in South America (2018-2026)
List of Figures
Figure 1: Competitive Analysis
Figure 2: COVID-19 Impact Analysis on Pulse Oximeters Market Analysis
Figure 3: Pulse Oximeters Market Analysis in Global (2018-2026)
Figure 4: Pulse Oximeters Market Analysis in Global by Product Type (2018-2026)
Figure 5: Pulse Oximeters Market Analysis in Global by Age Group (2018-2026)
Figure 6: Pulse Oximeters Market Analysis in Global by End User (2018-2026)
Figure 7: Pulse Oximeters Market Analysis in Global by Geography (2018-2026)
Figure 8: Pulse Oximeters Market Analysis in North America (2018-2026)
Figure 9: Pulse Oximeters Market Analysis in North America by Product Type (2018-2026)
Figure 10: Pulse Oximeters Market Analysis in North America by Age Group (2018-2026)
Figure 11: Pulse Oximeters Market Analysis in North America by End User (2018-2026)
Figure 12: Pulse Oximeters Market Analysis in North America by Country (2018-2026)
Figure 13: Pulse Oximeters Market Analysis in the US (2018-2026)
Figure 14: Pulse Oximeters Market Analysis in Canada (2018-2026)
Figure 15: Pulse Oximeters Market Analysis in Mexico (2018-2026)
Figure 16: Pulse Oximeters Market Analysis in Europe (2018-2026)
Figure 17: Pulse Oximeters Market Analysis in Europe by Product Type (2018-2026)
Figure 18: Pulse Oximeters Market Analysis in Europe by Age Group (2018-2026)
Figure 19: Pulse Oximeters Market Analysis in Europe by End User (2018-2026)
Figure 20: Pulse Oximeters Market Analysis in Europe by Country (2018-2026)
Figure 21: Pulse Oximeters Market Analysis in France (2018-2026)
Figure 22: Pulse Oximeters Market Analysis in Germany (2018-2026)
Figure 23: Pulse Oximeters Market Analysis in the UK (2018-2026)
Figure 24: Pulse Oximeters Market Analysis in Italy (2018-2026)
Figure 25: Pulse Oximeters Market Analysis in Spain (2018-2026)
Figure 26: Pulse Oximeters Market Analysis in Russia (2018-2026)
Figure 27: Pulse Oximeters Market Analysis in Rest of Europe (2018-2026)
Figure 28: Pulse Oximeters Market Analysis in Asia-Pacific (2018-2026)
Figure 29: Pulse Oximeters Market Analysis in Asia-Pacific by Product Type (2018-2026)
Figure 30: Pulse Oximeters Market Analysis in Asia-Pacific by Age Group (2018-2026)
Figure 31: Pulse Oximeters Market Analysis in Asia-Pacific by End User (2018-2026)
Figure 32: Pulse Oximeters Market Analysis in Asia-Pacific by Country (2018-2026)
Figure 33: Pulse Oximeters Market Analysis in China (2018-2026)
Figure 34: Pulse Oximeters Market Analysis in Japan (2018-2026)
Figure 35: Pulse Oximeters Market Analysis in India (2018-2026)
Figure 36: Pulse Oximeters Market Analysis in Australia (2018-2026)
Figure 37: Pulse Oximeters Market Analysis in South Korea (2018-2026)
Figure 38: Pulse Oximeters Market Analysis in Rest of Asia-Pacific (2018-2026)
Figure 39: Pulse Oximeters Market Analysis in Rest of World (2018-2026)
Figure 40: Pulse Oximeters Market Analysis in Rest of World by Product Type (2018-2026)
Figure 41: Pulse Oximeters Market Analysis in Rest of World by Age Group (2018-2026)
Figure 42: Pulse Oximeters Market Analysis in Rest of World by End User (2018-2026)
Figure 43: Pulse Oximeters Market Analysis in Rest of World by Country (2018-2026)
Figure 44: Pulse Oximeters Market Analysis in Middle East (2018-2026)
Figure 45: Pulse Oximeters Market Analysis in Africa (2018-2026)
Figure 46: Pulse Oximeters Market Analysis in South America (2018-2026)
Figure 47: Market Drivers
Figure 48: Market Barriers
Figure 49: Market Opportunities
Figure 50: PORTER's Five Force Analysis
Medtronic
Nonin Medical Inc.
Lepu Medical Technology
TytoCare Ltd.
VYAIRE.
OMRON Corporation
Meditech Equipment Co ., Ltd
