Latest News- Pulse Oximetry Market: Bedside/desktop pulse oximeters is expected to lead the Product segment during 2024-2028

The Pulse Oximetry Market is being driven by Increasing prevalence of chronic respiratory diseases

The Pulse Oximetry Market is expected to grow at a CAGR of 8.09% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1189.5 million. In response to the expanding home healthcare market and the increasing popularity of pulse oximetry devices, vendors have shifted their marketing strategies. They are capitalizing on digital channels to boost sales, with a significant focus on online marketing activities. Companies like Masimo have amplified their online presence through social media platforms such as Twitter and Facebook. Additionally, many vendors are embracing e-commerce to broaden their reach beyond traditional buyers, including clinics and hospitals, and cater to the growing demographic of home-based healthcare consumers. Vendors are implementing various marketing tactics to enhance their online sales. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of chronic respiratory diseases
• Increasing demand for wireless pulse oximeters
• Guidelines that recommend use of pulse oximeters

However, the market also witnesses some limitations, which are as follows:

• Limitations and complications associated with pulse oximeters
• Data privacy issues in wearable pulse oximeters
• Growing design constraints in pulse oximeters

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Market Scope in Pulse Oximetry Market Research Report

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Research Analysis Overview

The Pulse Oximetry Market encompasses patient monitoring devices, including wrist and fingertip models, used to measure oxygen saturation levels in various populations, such as geriatric, pediatric, and neonatal. Technological advancements have led to the development of wireless Bluetooth and wireless pulse oximeters for vital stats monitoring in critical care, anesthesia, respiratory disorders, childbirth, surgery, and home care. Proactive monitoring enhances patient safety, particularly in morbidity and mortality cases, and is increasingly adopted by home consumers and clinicians. The market's growth is driven by the increasing prevalence of respiratory disorders, technological advancements, and the ongoing coronavirus pandemic.

Market Research Overview

The Pulse Oximetry Market is a significant segment of the global healthcare equipment industry, focusing on patient monitoring devices, specifically those measuring oxygen saturation levels. This market encompasses both wired and wireless devices, such as Bluetooth pulse oximeters. The geriatric population's growing morbidity and mortality rates necessitate continuous health monitoring, driving market growth. Technavio, a leading global research and consulting firm, estimates the healthcare equipment market size based on manufacturers' revenues from diagnostic equipment and devices. This market includes advanced, differentiated, and clinically tested data-driven devices used across various therapy areas.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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