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 rising demand for pulse oximetry devices in home healthcare settings, market players are adopting innovative marketing strategies. Vendors are expanding their online presence through social media platforms and e-commerce sites to reach a broader consumer base. Masimo, for instance, has established official accounts on Twitter and Facebook to engage with potential customers. Additionally, vendors are exploring online retailing to cater to home-based healthcare users, thereby broadening their market reach and increasing sales. These marketing initiatives reflect the industry's commitment to delivering accessible and convenient healthcare solutions.
Get more information on Pulse Oximetry Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
182 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
|
Market growth 2024-2028 |
USD 1189.5 million |
|
Market structure |
fragmentation |
|
YoY growth 2023-2024(%) |
7.32 |
|
Key countries |
US, Germany, UK, Japan, China, India, Canada, France, Italy, Brazil, UAE, Rest of World, US, Germany, UK, Japan, and China |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Pulse Oximetry Market encompasses various sensors, including finger, earloe, and wristband, for measuring oxygen saturation levels in the blood. Pulse wave analysis and heart rate variability are key features, providing insights into respiration rate, breathing rate, sleep quality, sleep disturbances, and sleep disorders. Applications span from exercise physiology and cardiovascular health to pulmonary rehabilitation and oxygen therapy. Technological advancements include AI, ML, and deep learning for predictive analytics, patient engagement, and education. mHealth, wearable technology, cloud computing, data security, data privacy, and regulatory compliance are integral aspects of the market's growth. Oxygen delivery systems like home and portable oxygen concentrators, oxygen therapy, and oxygen supplementation complete the market landscape.
The Pulse Oximetry Market is a significant segment within the expansive Global Healthcare Equipment Market, according to Technavio's market research. This market encompasses the production and sales of pulse oximeters, such as fingertip and wrist models, which measure pulse rate and oxygen saturation levels to assess blood oxygenation. The Global Healthcare Equipment Market, in turn, is a vast industry covering R&D of various product categories, including capital equipment, instruments, implants, accessories, and consumables, used for disease diagnosis, monitoring, and treatment. Technavio calculates the market size based on the combined revenue of diagnostic equipment and device manufacturers. The Healthcare Equipment Market consists of several segments, including Devices, which includes advanced, differentiated, and clinically tested data-driven devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
