The global pulse oximeter market is expected to grow at a CAGR of 7.6% during the forecast period with its market size predicted to reach USD 1,913.2 million by 2024. Globally, pulse oximeter industry players are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.
Hospital category held largest share in the pulse oximeter market in 2018
Based on end user, the global pulse oximeter market is segmented into hospitals, clinics & healthcare facilities, home care, diagnostic centers. Amongst these segments, hospital category held the largest share in the market in 2018, and is also expected to be the fastest growing category in the market during the forecast period.
On the basis of sensor type, the global pulse oximeters market is categorised into neonatal, pediatric, and adult. Of all, adult patients category is anticipated to generate largest revenue by 2024, owing to the increase in the geriatric population across the globe.
The pulse oximeter market in North America is estimated to hold largest revenue throughout the estimated period due to easy accessibility of these devices in the region along with extensive occurrence of pulmonary disorders amongst the patients in this region. Furthermore, increasing awareness amongst medical specialist and patients about these devices along with increasing popularity is another factor pertaining towards the growth of pulse oximeter market in this region.
Some of the key players operating in the global Pulse oximeter market are General Electric Company, Masimo Corporation, Edwards Lifesciences Corporation, Nihon Kohden Corporation, Medtronic PLC, Koniklijke Philips N.V., Smiths Medical Inc., Spacelabs Healthcare Inc., Opto Circuits Limited, Drägerwerk AG & Co. KGaA, Halma PLC, and Contec Medical System Co. Ltd.
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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Billion). The report segments the global pulse oximeter market on the basis of type, sensor type, patient type, end user, and region.
Global Pulse Oximeter Market Coverage
Type Insight and Forecast 2014-2024
Sensor Type Insight and Forecast 2014-2024
Patient Type Insight and Forecast 2014-2024
End User Insight and Forecast 2014-2024
Pulse Oximeter Market by Region
Rest of the World (RoW)