Pulse Oximetry Market Size to Grow by $ 891.28 mn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the pulse oximetry market and it is expected to grow by $ 891.28 mn, accelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Pulse Oximetry Market: Emerging Trends to Impact Market Growth

Increasing demand for wireless pulse oximeters to emerge as a key trend in the industrial pulse oximetry market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Pulse Oximetry Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Medical Inc., and Vyaire Medical Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The Global Pulse Oximetry Market is expected to grow by USD 891.28 million accelerating at a CAGR of over 8% during the forecast period. The healthcare industry is expected to witness positive growth as a result of COVID-19, and the impact of the pandemic on the market in focus is also expected to remain POSITIVE. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report with COVID-19 Impact Analysis

"The increasing prevalence of chronic respiratory diseases will drive the growth prospects for the global pulse oximetry market in the forthcoming years. Pulse oximeters are instrumental in monitoring the onset of COVID symptoms and have thus been witnessing high adoption in healthcare facilities", says senior research analyst for the Health Care Industry at Technavio.

Pulse Oximetry Market: Product Segment Highlights

• Product Segmentation: Bedside/desktop pulse oximeters, Handheld pulse oximeters, Fingertip pulse oximeters, and Wrist-worn pulse oximeters
• Factors such as the increasing prevalence of chronic respiratory diseases and the rising number of surgeries, increasing demand for wireless pulse oximeters, and guidelines recommending the use of pulse oximeters will offer immense growth opportunities.

Pulse Oximetry Market: Competitive Analysis

• The Pulse Oximetry Market is fragmented due to the presence of several vendors.
• Market vendors are focusing on market expansion, innovation, and expansion of distribution networks.
• General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Medical Inc., and Vyaire Medical Inc. are some of the major market participants.  the high cost of respiratory measurement tests and devices, limitations and complications associated with pulse oximeters, and poor healthcare infrastructure in developing economies may impede market growth.

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report