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Pulse Oximeter Market by Product (Handheld Pulse Oximeters, Fingertip Pulse Oximeters, Wrist-worn Pulse Oximeters, Pediatric Pulse Oximeters, and Bedside Pulse Oximeters), by End User (Hospitals, Clinics, Diagnostic Centers, Home Healthcare, and Others), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Published Date: 19-Aug-2020 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-2164 Status : Published

According to the report, global demand for pulse oximeter market was valued at approximately USD 1,842.9 Million in 2019, and is expected to generate revenue of around USD 2,946.4 Million by end of 2026, growing at a CAGR of around 6.9% between 2020 and 2026.

Description

The report covers forecast and analysis for the pulse oximeter market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the pulse oximeter market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the pulse oximeter market on a global as well as regional level.

In order to give the users of this report a comprehensive view on the pulse oximeter market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product, end user, and region segment are benchmarked based on their market size, growth rate and general attractiveness.

Pulse Oximeter Market

The report provides company market share analysis in order to give a broader overview of the key players in the pulse oximeter market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, regional expansion of major participants involved in the pulse oximeter market on global and regional basis.

The study provides a decisive view on the pulse oximeter market by segmenting the market based on the product, end user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The report covers detailed competitive outlook including company profiles of the key participants operating in the global pulse oximeter market. Some of the key players of pulse oximeter market are Carefusion Corp, Covidien, Philips Healthcare, Masimo, GE Healthcare, Smiths Medical, CAS Medical Systems, Inc., Zensorium, Meditech Equipment Co., Ltd., Opto Circuits India Ltd., Nonin Medical, Inc., Welch Allyn, Spacelabs Healthcare, and Nihon Kohden Corporation among others.

This report segments the global pulse oximeter market as follows:

Global Pulse Oximeter Market: By Product

  • Handheld Pulse Oximeters
  • Fingertip Pulse Oximeters
  • Wrist-worn Pulse Oximeters
  • Pediatric Pulse Oximeters
  • Bedside Pulse Oximeters

Global Pulse Oximeter Market: By End User      

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Home Healthcare
  • Others

Global Pulse Oximeter Market: By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Pulse Oximeter Market, 2016 – 2026 (USD Million)
    • 2.2. Pulse Oximeter Market: Snapshot
  • Chapter 3. Pulse Oximeter Market – Industry Analysis
    • 3.1. Pulse Oximeter Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing demand for medical devices
      • 3.2.2. Growing effect of COVID-19 pandemic
      • 3.2.3. Growing importance of patient monitoring in diagnosis and treatment regime
      • 3.2.4. Prevalence of COPD
    • 3.3. Restraints
      • 3.3.1. Increasing price erosion
      • 3.3.2. Frequent recalls of the products
    • 3.4. Opportunities
      • 3.4.1. Technological advancements in the industry
      • 3.4.2. Unmet needs
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by Product
      • 3.6.2. Market attractiveness analysis by End User
      • 3.6.3. Market attractiveness analysis by Region
  • Chapter 4. Pulse Oximeter Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Pulse Oximeter Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launches
      • 4.2.3. Agreements, partnerships, cullaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  • Chapter 5. Global Pulse Oximeter Market – Product Analysis
    • 5.1. Global Pulse Oximeter Market overview: by Product
      • 5.1.1. Global Pulse Oximeter Market share, by Product, 2019 and 2026
    • 5.2. Handheld Pulse Oximeters
      • 5.2.1. Global Pulse Oximeter Market by Handheld Pulse Oximeters, 2016 – 2026 (USD Million)
    • 5.3. Fingertip Pulse Oximeters
      • 5.3.1. Global Pulse Oximeter Market by Fingertip Pulse Oximeters, 2016 – 2026 (USD Million)
    • 5.4. Wrist-worn Pulse Oximeters
      • 5.4.1. Global Pulse Oximeter Market by Wrist-worn Pulse Oximeters, 2016 – 2026 (USD Million)
    • 5.5. Pediatric Pulse Oximeters
      • 5.5.1. Global Pulse Oximeter Market by Pediatric Pulse Oximeters, 2016 – 2026 (USD Million)
    • 5.6. Bedside Pulse Oximeters
      • 5.6.1. Global Pulse Oximeter Market by Bedside Pulse Oximeters, 2016 – 2026 (USD Million)
  • Chapter 6. Global Pulse Oximeter Market – End User Analysis
    • 6.1. Global Pulse Oximeter Market overview: by End User
      • 6.1.1. Global Pulse Oximeter Market share, by End User, 2019 and 2026
    • 6.2. Hospitals
      • 6.2.1. Global Pulse Oximeter Market by Hospitals, 2016 – 2026 (USD Million)
    • 6.3. Clinics
      • 6.3.1. Global Pulse Oximeter Market by Clinics, 2016 – 2026 (USD Million)
    • 6.4. Diagnostic Centers
      • 6.4.1. Global Pulse Oximeter Market by Diagnostic Centers, 2016 – 2026 (USD Million)
    • 6.5. Home Healthcare
      • 6.5.1. Global Pulse Oximeter Market by Home Healthcare, 2016 – 2026 (USD Million)
    • 6.6. Others
      • 6.6.1. Global Pulse Oximeter Market by Others, 2016 – 2026 (USD Million)
  • Chapter 7. Global Pulse Oximeter Market - Regional Analysis
    • 7.1. Global Pulse Oximeter Market overview: by Region
      • 7.1.1. Global Pulse Oximeter Market share, by Region, 2019 and 2026
    • 7.2. North America
      • 7.2.1. North America Pulse Oximeter Market, 2016 – 2026 (USD Million)
      • 7.2.2. North America Pulse Oximeter Market revenue, by Country, 2016 – 2026 (USD Million)
      • 7.2.3. North America Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.2.4. North America Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.2.5.2. U.S. Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.2.6. Rest of North America
        • 7.2.6.1. Rest of North America Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.2.6.2. Rest of North America Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Pulse Oximeter Market, 2016 – 2026 (USD Million)
      • 7.3.2. Europe Pulse Oximeter Market revenue, by Country, 2016 – 2026 (USD Million)
      • 7.3.3. Europe Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.3.4. Europe Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.3.5. U.K.
        • 7.3.5.1. U.K. Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.3.5.2. U.K. Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
    • 7.3.6. France
      • 7.3.6.1. France Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.3.6.2. France Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
    • 7.3.7. Germany
      • 7.3.7.1. Germany Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.3.7.2. Germany Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
    • 7.3.8. Rest of Europe
      • 7.3.8.1. Rest of Europe Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.3.8.2. Rest of Europe Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Pulse Oximeter Market, 2016 – 2026 (USD Million)
      • 7.4.2. Asia Pacific Pulse Oximeter Market revenue, by Country, 2016 – 2026 (USD Million)
      • 7.4.3. Asia Pacific Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.4.4. Asia Pacific Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.4.5. China
        • 7.4.5.1. China Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.4.5.2. China Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.4.6. Japan
        • 7.4.6.1. Japan Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.4.6.2. Japan Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.4.7. India
        • 7.4.7.1. India Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.4.7.2. India Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.4.8. Rest of Asia Pacific
        • 7.4.8.1. Rest of Asia Pacific Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.4.8.2. Rest of Asia Pacific Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Pulse Oximeter Market, 2016 – 2026 (USD Million)
      • 7.5.2. Latin America Pulse Oximeter Market revenue, by Country, 2016 – 2026 (USD Million)
      • 7.5.3. Latin America Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.5.4. Latin America Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.5.5.2. Brazil Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.5.6.2. Rest of Latin America Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Pulse Oximeter Market, 2016 – 2026 (USD Million)
      • 7.6.2. The Middle East and Africa Pulse Oximeter Market revenue, by Country, 2016 – 2026 (USD Million)
      • 7.6.3. The Middle East and Africa Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
      • 7.6.4. The Middle East and Africa Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.6.5.2. GCC Countries Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
      • 7.6.6. Rest of Middle East & Africa
        • 7.6.6.1. Rest of Middle East & Africa Pulse Oximeter Market revenue, by Product, 2016 – 2026 (USD Million)
        • 7.6.6.2. Rest of Middle East & Africa Pulse Oximeter Market revenue, by End User, 2016 – 2026 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Covidien
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Carefusion Corp
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. GE Healthcare
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Philips Healthcare
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Masimo
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. CAS Medical Systems, Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Opto Circuits India Ltd.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Smiths Medical
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Nonin Medical, Inc.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Welch Allyn
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Zensorium
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. Spacelabs Healthcare
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development
    • 8.13. Meditech Equipment Co., Ltd.
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product Portfolio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Development
    • 8.14. Nihon Kohden Corporation
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product Portfolio
      • 8.14.4. Business Strategy
      • 8.14.5. Recent Development

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Pulse Oximeter market. Zion Research has collected and analyzed key data belong to the global Pulse Oximeter market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macro economic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Pulse Oximeter across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first-hand data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Pulse Oximeter industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Pulse Oximeter market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then crosschecked by an expert panel.

Free Analysis

A pulse oximeter measures the level of oxygen saturation of hemoglobin in the arterial blood. It monitors the oxygen level in a patient's blood and alerts if the oxygen levels drop below safe levels. It can detect hypoxia much sooner than the anesthesia provider can see clinical signs of hypoxia such as cyanosis. The pulse oximeter has the potential to act as a diagnostic device in respiratory and cardiac diseases. These devices are essential in places such as hospitals, intensive surgical units where patient's blood oxygen levels are regularly monitored.

The pulse oximeter market is expected to witness a robust growth in the near future. The market is mainly driven by rising prevalence of chronic obstructive pulmonary disease, respiratory diseases such as asthma. Furthermore, rising demand for portable and remote patient monitoring devices is resulting in increased demand for pulse oximeters. Moreover, growing awareness regarding noninvasive devices along with wide adoption of healthcare devices by population are expected to drive the growth of the market. However, high cost and low penetration of medical devices in developing countries are restraining the growth of the market. Technological advancements in medical devices are expected to present rewarding opportunities in the market in near future.

The pulse oximeter market is classified based on product type, end user, and region. On the basis of product type market is divided into handheld, fingertip, wrist-worn and bedside pulse oximeter. The pulse oximeter market is led by handheld pulse oximeters which dominated the market due to the wide use of monitoring devices and rising surgical procedures all around the world. Handheld pulse oximeters are followed by fingertip and handheld pulse oximeter.  The popularity of fingertips devices segment is spreading rapidly. Fingertips devices are battery operated and available with novel features visual display accurate results. Innovative developments in oximeter technology are driving factor for this segment. On the basis of the end, user type market is divided into hospitals, ambulatory surgery centers, diagnostic centers, home-care settings and other. Hospitals lead the end user segment owing to its wide application in surgery procedures, diagnosis, and treatment of different diseases. The noninvasive nature of the device makes it a preferred option, especially for infants and neonates.

By geography, North America dominates the pulse oximeter market owing to the presence of advanced medical and healthcare facilities. The growth in this region is also due to the major presence of key players. Europe was the second after North America in terms of revenue generation. In many European countries, pulse oximetry is mandatory for monitoring patients during anesthesia. The growth in this region was also due to the rising prevalence of hypoxaemia, asthma and other lung diseases. Advanced healthcare infrastructure, higher demand for quality products are other factors which are driving the growth in this region.

The high cost of pulse oximetry has been a significant barrier in many developing countries. Asia Pacific was a fastest growing market. This growth is mainly due to increasing aging population and rising use of pulse oximeter and other medical devices in surgical procedures in hospitals. Furthermore, raising awareness and emergence of health conscious population is expected to foster growth in future. Rising disposable income, favorable government policies are other factors which are resulting into growth in this region. Latin America is another key regional market and is expected to moderate growth in the coming years owing to rising healthcare infrastructure and raising awareness among the people.  The Middle East and Africa is anticipated to witness significant growth within the forecast period.


Frequently Asked Questions

According to the report, global demand for pulse oximeter market was valued at approximately USD 1,842.9 Million in 2019, and is expected to generate revenue of around USD 2,946.4 Million by end of 2026, growing at a CAGR of around 6.9% between 2020 and 2026.

The report also includes detailed profiles of some of the players like Carefusion Corp, Covidien, Philips Healthcare, Masimo, GE Healthcare, Smiths Medical, CAS Medical Systems, Inc., Zensorium, Meditech Equipment Co., Ltd., Opto Circuits India Ltd., Nonin Medical, Inc., Welch Allyn, Spacelabs Healthcare, and Nihon Kohden Corporation among others.

Growing awareness of patient treatment and rising targeted disease prevalence is expected to drive market growth over the estimated time span.

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