Growing Necessity Of Minimal Invasive Oxygen Saturation Monitoring Device Accelerates Pulse Oximeter Market Growth: Fact. MR

2021-05-11

Handheld pulse oximeter is gaining popularity for its easy repiarability and self management capabilities Fact.MR, New York: The global pulse oximeter market is forecast to grow at 4% CAGR during the forecast period 2019-2029. As per a study by Fact MR, Constant technological advancement is taking place to increase the efficacy of pulse oximeter. The modern pulse oximeters are equipped with morphological analysis capabilities for monitoring perfusion index, respiratory variations, and venous pulse. This created new demands for pulse oximeters from hospitals and intensive care units. Rising cases of respiratory disorder due to smoking, infection and genetics will fuel the market growth. According to the American Lung Association, A pulse oximeter is a handy tool for monitoring COVID-19 symptoms but should be used under the guidance of healthcare worker. According to a study by Fact MR, high demand of pulse oximeter can be expected from the hospitals and clinics during the pandemic. With remote monitoring and self administrative treatment getting traction, promising growth is on the cards for the market. “Rising adoption of artificial intelligence Integrated pulse oximeter in homecare sector is elevating the growth of pulse oximeter market”, said a lead analyst at Fact.MR. Request Sample of the report on the pulse oximeter market Pulse oximeter market: Key Findings North America is forecast to generate 40% of total revenue generated in the market. Faster product development and launching in North America will be assisting rapid market growth. Europe holds second largest pulse oximeter market share after North America. The rising preference of non invasive treatments is providing impetus to pulse oximeter market growth. Government regulated price management and favorable reimbursement policies in China and Japan is providing profitable investment opportunities to the manufacturers. Promotion of health awareness campaigns by government, increase in disposable income and rise in older population are few factors providing impetus to contract pharmaceutical fermentation services market growth in Asia Pacific region. Middle East and Africa is predicted to be most rewarding market as customers are exhibiting increased healthcare spending habits. Explore 25 tables and 84 figures of the study. Request ToC of the report at Pulse oximeter market – Key Driving Factors Adoption of multi-wavelength analysis method to calculate pulse rate, hemoglobin levels and saturated oxygen levels accentuating the pulse oximeter market demand. Increasing efficiency of oximeters through consistent research and development are forecast to increase the market growth. Growing awareness regarding early medication for chronic respiratory diseases like asthma, Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD) will boost pulse oximeter market sales. Pulse oximeter market – Key Restraints Low accuracy of pulse oximeter is acting as a barrier to oximeter market growth. Frequent servicing required for proper functioning of pulse oximeter is hindering the market growth. Unavailability of trained personnel to operate the oximeter along with strict safety regulation guidelines are constricting the market demand. Pulse oximeter market – COVID-19 Impact Pulse oximeter acted as an effective tool during COVID-19 pandemic. Wireless and portable pulse oximeter helped in checking the oxygen saturation level in the patients reducing the gap between infection and hospitalization. High utility of pulse oximeter during pandemic led to increased demand and high market growth. Wireless nature of pulse oximeter was detrimental in restricting the transmission of virus according to the report published in US National Library of Medicine. It positively influenced the pulse oximeter market growth. With mutation in virus and rising prevalence of diseases associated with COVID-19, the demand of pulse oximeter will reach new heights. Competitive Landscape Some of the leading contract pharmaceutical fermentation service providers are Masimo Corp, Medtronic plc., Koninklijke Philips NV, GE Healthcare, Rossmax International Ltd. among others. Market players are focusing on developing wireless pulse oximeters due to its rising demands from clinics. For instance, wireless pulse oximeter was launched by Masimo named Masimo Rad – 5 was a huge success. They are also working towards advancement in personalized and portable pulse oximeter with high degree of accuracy. For instance Nonin Medical developed Bluetooth Smart Wireless Finger Pulse Oximeter in 2016. It was named NoninConnect Elite Model 3240 and laced with Apple IOS compatibility Request Methodology & Get a Glimpse of Our Expertise More Insights on the Pulse oximeter market In its latest report, Fact.MR offers unbiased analysis of the pulse oximeter market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (Finger Pulse Oximeters, Hand Held Pulse Oximeters, Table Top Pulse Oximeters, Wrist Pulse Oximeters), end user (hospitals, clinics, ambulatory surgical centers, homecare settings) across five regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa). Explore Fact.MR’s Coverage on the Biospace Domain Pulsed-field gel electrophoresis (PFGE) systems market: A recent study by Fact.MR on the pulsed-field gel electrophoresis (PFGE) systems market offers a 10-year forecast analysis for the period 2019 to 20298. 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The report provides a comprehensive assessment on the prominent segments and geographies which are likely to benefit market players in forthcoming years. About Fact.MR Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner. 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