NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The pulse oximetry market size is expected to grow by USD 1,139.54 million from 2022 to 2027, progressing at a CAGR of 8.27% as per the latest Technavio market research report. North America will account for 42% of the market's overall growth. The growth of the regional market can be attributed to factors such as the high prevalence of respiratory disorders and chronic diseases, increasing the number of surgeries, the presence of skilled physicians, and advances in healthcare infrastructure. Furthermore, there is also a rising case of mortality rate due to respiratory disorders and cardiovascular diseases (CVDs) over the years, resulting in early diagnosis and prevention. Hence, due to such factors, the pulse oximetry market will grow in the North American region during the forecast period. For more insights on the market share of various regions - Download a sample report in MINUTES
Pulse Oximetry Market: Increasing prevalence of chronic respiratory diseases to drive growth
- The increasing prevalence of chronic respiratory diseases drives the growth of the pulse oximetry market.
- Pulse oximetry is used for a wide range of applications including various indications, such as endotracheal intubation, cardiac arrest, procedural sedation, asthma/chronic obstructive pulmonary disease (COPD), respiratory complaints, acute respiratory distress syndrome (ARDS), sleep disorders/sleep apnea, and shunts in cyanotic heart disease.
- Furthermore, COPD is the third-leading cause of death worldwide and caused over 3.2 million deaths globally in 2022.
- Hence, owing to such factors, the pulse oximetry market will grow during the forecast period.
Pulse Oximetry Market: Increasing Online Marketing Strategies by Market Vendors
- The increasing online marketing strategies by market vendors is an emerging pulse oximetry market trend.
- Owing to the increasing preference for home care settings, there is a shift in the marketing strategies adopted by vendors for pulse oximeters.
- Various market vendors innovate new ways to market pulse oximeters to increase their market presence via online marketing activities to achieve more product sales.
- Hence, due to such trends, the pulse oximetry market will grow during the forecast period.
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Some of the key Pulse Oximetry Market Players:
The pulse oximetry market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
American Diagnostic Corp., Baxter International Inc., Contec Medical Systems Co. Ltd., Dragerwerk AG and Co. KGaA, General Electric Co., Halma Plc, Heal Force Biomeditech Holdings Ltd., ICU Medical Inc., Konica Minolta Inc., Koninklijke Philips NV, Lepu Medical Technology Beijing Co. Ltd., Masimo Corp., Medical Information Technology Inc., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd., Nihon Kohden Corp., Nonin Medical Inc., OMRON Corp., SCHILLER AG, and Vyaire Medical Inc.
Pulse Oximetry Market: Segmentation Analysis
This pulse oximetry market report extensively covers market segmentation by product (bedside/desktop pulse oximeters, handheld pulse oximeters, fingertip pulse oximeters, and wrist-worn pulse oximeters), end-user (hospitals, clinics, and alternative care settings), and geography (North America, Europe, Asia, and Rest of World (ROW)).
- The bedside/desktop pulse oximeter segment will be significant for market growth during the forecast period. It is a type of pulse oximeter that is stationary and is placed on a desk or supported by a stand. They have wide applications to provide inpatient healthcare across hospitals and clinics. The applications include enhanced measurement accuracy, data-tracking/transmission capabilities, network connectivity/wireless connectivity options, and higher durability than other types of pulse oximeters. Thus, such applications are expected to drive the growth of this segment which in turn will drive the global pulse oximetry market during the forecast period.
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Technavio's SUBSCRIPTION platform
The optometry software market in North America is estimated to grow at a CAGR of 6.5% between 2022 and 2027. The size of the market is forecast to increase by USD 526.96 Million. This report extensively covers market segmentation by end-user (hospitals, nursing homes, and others) and type (cloud-based and web-based). The increasing prevalence of ophthalmic diseases is a key factor driving the growth of the North America optometry software market.
The cerebral and tissue oximetry devices market is estimated to grow at a CAGR of 6.77% between 2022 and 2027. The size of the market is forecast to increase by USD 73.7 million. This report extensively covers market segmentation by product (modular devices and handheld devices), end-user (hospitals and clinics), and geography (North America, Europe, Asia, and Rest of World (ROW)). The growing use of cerebral and tissue oximetry devices in cardiac surgical procedures is notably driving the market growth.
Pulse Oximetry Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.27% |
Market growth 2023-2027 |
USD 1,139.54 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
7.09 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 42% |
Key countries |
US, Germany, UK, Japan, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Diagnostic Corp., Baxter International Inc., Contec Medical Systems Co. Ltd., Dragerwerk AG and Co. KGaA, General Electric Co., Halma Plc, Heal Force Biomeditech Holdings Ltd., ICU Medical Inc., Konica Minolta Inc., Koninklijke Philips NV, Lepu Medical Technology Beijing Co. Ltd., Masimo Corp., Medical Information Technology Inc., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd., Nihon Kohden Corp., Nonin Medical Inc., OMRON Corp., SCHILLER AG, and Vyaire Medical Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global pulse oximetry market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global pulse oximetry market 2017 - 2021 ($ million)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.3 End user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End user Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Bedside/desktop pulse oximeters - Market size and forecast 2022-2027
- Exhibit 34: Chart on Bedside/desktop pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Bedside/desktop pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Bedside/desktop pulse oximeters - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Bedside/desktop pulse oximeters - Year-over-year growth 2022-2027 (%)
- 6.4 Handheld pulse oximeters - Market size and forecast 2022-2027
- Exhibit 38: Chart on Handheld pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Handheld pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Handheld pulse oximeters - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Handheld pulse oximeters - Year-over-year growth 2022-2027 (%)
- 6.5 Fingertip pulse oximeters - Market size and forecast 2022-2027
- Exhibit 42: Chart on Fingertip pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Fingertip pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Fingertip pulse oximeters - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Fingertip pulse oximeters - Year-over-year growth 2022-2027 (%)
- 6.6 Wrist-worn pulse oximeters - Market size and forecast 2022-2027
- Exhibit 46: Chart on Wrist-worn pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Wrist-worn pulse oximeters - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Wrist-worn pulse oximeters - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Wrist-worn pulse oximeters - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Product
- Exhibit 50: Market opportunity by Product ($ million)
- Exhibit 51: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 52: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 53: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 54: Chart on Comparison by End-user
- Exhibit 55: Data Table on Comparison by End-user
- 7.3 Hospitals and clinics - Market size and forecast 2022-2027
- Exhibit 56: Chart on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
- 7.4 Alternative care settings - Market size and forecast 2022-2027
- Exhibit 60: Chart on Alternative care settings - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Alternative care settings - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Alternative care settings - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Alternative care settings - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by End-user
- Exhibit 64: Market opportunity by End-user ($ million)
- Exhibit 65: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2022-2027 (%)
- Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 Asia - Market size and forecast 2022-2027
- Exhibit 79: Chart on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Asia - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Asia - Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
- Exhibit 83: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- 9.7 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.8 Germany - Market size and forecast 2022-2027
- Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.9 UK - Market size and forecast 2022-2027
- Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.10 Japan - Market size and forecast 2022-2027
- Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.11 China - Market size and forecast 2022-2027
- Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Baxter International Inc.
- Exhibit 115: Baxter International Inc. - Overview
- Exhibit 116: Baxter International Inc. - Business segments
- Exhibit 117: Baxter International Inc. - Key news
- Exhibit 118: Baxter International Inc. - Key offerings
- Exhibit 119: Baxter International Inc. - Segment focus
- 12.4 Contec Medical Systems Co. Ltd.
- Exhibit 120: Contec Medical Systems Co. Ltd. - Overview
- Exhibit 121: Contec Medical Systems Co. Ltd. - Product / Service
- Exhibit 122: Contec Medical Systems Co. Ltd. - Key offerings
- 12.5 General Electric Co.
- Exhibit 123: General Electric Co. - Overview
- Exhibit 124: General Electric Co. - Business segments
- Exhibit 125: General Electric Co. - Key news
- Exhibit 126: General Electric Co. - Key offerings
- Exhibit 127: General Electric Co. - Segment focus
- 12.6 Halma Plc
- Exhibit 128: Halma Plc - Overview
- Exhibit 129: Halma Plc - Business segments
- Exhibit 130: Halma Plc - Key news
- Exhibit 131: Halma Plc - Key offerings
- Exhibit 132: Halma Plc - Segment focus
- 12.7 ICU Medical Inc.
- Exhibit 133: ICU Medical Inc. - Overview
- Exhibit 134: ICU Medical Inc. - Product / Service
- Exhibit 135: ICU Medical Inc. - Key offerings
- 12.8 Konica Minolta Inc.
- Exhibit 136: Konica Minolta Inc. - Overview
- Exhibit 137: Konica Minolta Inc. - Business segments
- Exhibit 138: Konica Minolta Inc. - Key news
- Exhibit 139: Konica Minolta Inc. - Key offerings
- Exhibit 140: Konica Minolta Inc. - Segment focus
- 12.9 Koninklijke Philips NV
- Exhibit 141: Koninklijke Philips NV - Overview
- Exhibit 142: Koninklijke Philips NV - Business segments
- Exhibit 143: Koninklijke Philips NV - Key news
- Exhibit 144: Koninklijke Philips NV - Key offerings
- Exhibit 145: Koninklijke Philips NV - Segment focus
- 12.10 Masimo Corp.
- Exhibit 146: Masimo Corp. - Overview
- Exhibit 147: Masimo Corp. - Product / Service
- Exhibit 148: Masimo Corp. - Key offerings
- 12.11 Medtronic Plc
- Exhibit 149: Medtronic Plc - Overview
- Exhibit 150: Medtronic Plc - Business segments
- Exhibit 151: Medtronic Plc - Key news
- Exhibit 152: Medtronic Plc - Key offerings
- Exhibit 153: Medtronic Plc - Segment focus
- 12.12 Mindray Bio medical Electronics Co. Ltd.
- Exhibit 154: Mindray Bio medical Electronics Co. Ltd. - Overview
- Exhibit 155: Mindray Bio medical Electronics Co. Ltd. - Product / Service
- Exhibit 156: Mindray Bio medical Electronics Co. Ltd. - Key offerings
- 12.13 Nihon Kohden Corp.
- Exhibit 157: Nihon Kohden Corp. - Overview
- Exhibit 158: Nihon Kohden Corp. - Product / Service
- Exhibit 159: Nihon Kohden Corp. - Key news
- Exhibit 160: Nihon Kohden Corp. - Key offerings
- 12.14 Nonin Medical Inc.
- Exhibit 161: Nonin Medical Inc. - Overview
- Exhibit 162: Nonin Medical Inc. - Product / Service
- Exhibit 163: Nonin Medical Inc. - Key news
- Exhibit 164: Nonin Medical Inc. - Key offerings
- 12.15 OMRON Corp.
- Exhibit 165: OMRON Corp. - Overview
- Exhibit 166: OMRON Corp. - Business segments
- Exhibit 167: OMRON Corp. - Key news
- Exhibit 168: OMRON Corp. - Key offerings
- Exhibit 169: OMRON Corp. - Segment focus
- 12.16 SCHILLER AG
- Exhibit 170: SCHILLER AG - Overview
- Exhibit 171: SCHILLER AG - Product / Service
- Exhibit 172: SCHILLER AG - Key offerings
- 12.17 Vyaire Medical Inc.
- Exhibit 173: Vyaire Medical Inc. - Overview
- Exhibit 174: Vyaire Medical Inc. - Product / Service
- Exhibit 175: Vyaire Medical Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 176: Inclusions checklist
- Exhibit 177: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 178: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 179: Research methodology
- Exhibit 180: Validation techniques employed for market sizing
- Exhibit 181: Information sources
- 13.5 List of abbreviations
- Exhibit 182: List of abbreviations
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