According to a new report published by Allied
Market Research titled, "Pulse
Oximeter Market by Product Type and Geography: Global Opportunity Analysis
and Industry Forecast, 2014 -2022," the global pulse
oximeter market was valued at $1,234 million in 2015, and is
estimated to reach $1,901 million by 2022, registering a CAGR of 6.3%
from 2016 to 2022. The table-top/bedside pulse oximeters segment accounted for
more than three-fifths share of the global market in 2015.
Pulse oximeters deal in the measurement of vital
health parameters, such as respiratory rate, heart rate, and pulse rate. These
are used to monitor a patient's status prior to or during diagnosis of health
condition. Pulse oximeters are used in a medical setting, home, or at the site
of medical emergency. Factors such as increase in geriatric population, rise in
inclination towards home monitoring, upsurge in incidence rate of chronic
diseases, such as cardiovascular disorders, obesity, and rise in awareness
among patients about advanced pulse oximeters are expected to drive the market.
However, lack of awareness about these devices in low- and middle-income
economies hampers the market growth.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1944
The table-top/bedside pulse oximeters segment is
anticipated to dominate the global pulse oximeters market until 2022, owing to
increase in the global incidence of respiratory disorders, such as COPD. The
fingertip pulse oximeters segment is projected to be the fastest growing
segment, on account of the benefits such as ease of use and increase in home
healthcare facilities, globally.
According to Pallavi Jaiswal, Research
Analyst, Healthcare at Allied Market Research, "Rise in incidence
of respiratory disorders and need for early diagnosis of diseases have boosted
the market growth. In addition, increase in the out-of-pocket expense would
boost the adoption of wireless pulse oximeters (fingertip and wrist-word pulse
oximeters)".
The global pulse oximeter market by end user is
segmented into hospitals & clinics, ambulatory surgery centers (ASCs), and
home care settings. The hospitals & clinics segment was the highest revenue
contributor to the global market in 2015, accounting for $678 million, and
is estimated to garner $1,015 million by 2022, registering a CAGR of
5.8% during the forecast period. These devices facilitate early detection of a
patient's deteriorating health condition; thereby, enabling speedy intervention
and diagnosis of diseases. However, the ASCs segment is estimated to grow at
the highest CAGR of 7.4% during the forecast period.
Read similar market research reports at: https://www.alliedmarketresearch.com/life-sciences/medical-devices-market-report
North America is expected to dominate the
global pulse oximeter market in 2015, and is expected to maintain this trend
during the forecast period. This is attributed to the increase in prevalence of
respiratory disorders, growth in awareness among patients regarding
cost-effective pulse oximeters, and availability of advanced healthcare
facilities in North American countries. However, Asia-Pacific is
expected to be the fastest growing region in the near future, owing to its high
population base, high disposable incomes, and improvement in patient awareness
about advanced pulse oximeters
KEY FINDINGS OF PULSE
OXIMETER MARKET:
- Based on product type, the table-top/bedside
pulse oximeters segment accounted for more than three-fifths share of the
total market in 2015.
- The home environment segment is expected to
grow at a significant CAGR of 7.8% from 2016 to 2022, as fingertip pulse
oximeters can be used easily by patients and do not require trained
professional for operating the device.
- LAMEA is projected to be the fastest growing
region until 2022, owing to the presence of ample growth opportunities in
terms of unmet medical needs for the treatment of hypertension, COPD, and
infectious diseases in this region, and increase in disposable income of
the population.
- In 2015, Germany and France jointly
accounted for about one-third share of the European pulse oximeters
market.
The key players profiled in the report are include
Contec Medical Systems Co., Ltd., General Electric Company, Halma plc,
Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nihon Kohden
Corporation, Nonin Medical, Inc., Omron Corporation, and Smiths Group plc.
About Us:
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of Allied Analytics LLP based
in Portland, Oregon. Allied Market Research provides global enterprises as
well as medium and small businesses with unmatched quality of "Market
Research Reports" and "Business Intelligence Solutions". AMR has
a targeted view to provide business insights and consulting to assist its
clients to make strategic business decisions and achieve sustainable growth in
their respective market domain.
We are in professional corporate relations with
various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our
market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology
includes deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
Contact:
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Direct: +1-503-894-6022
Toll Free: +1 (800) 792-5285 (U.S. & Canada)
Fax: +1 (855) 550-5975
E-mail: sales@alliedmarketresearch.com
Website: https://www.alliedmarketresearch.com
SOURCE Allied Market Research
No comments:
Post a Comment