Is Pulse Oximeter an Effective Option during the COVID-19 Pandemic? | Global Pulse Oximeter Industry Report 2025
The outbreak of COVID-19 is fueling the demand for pulse oximeters as it helps to diagnose the symptoms. WHO and other health care centers highly recommend the use of oximeters to treat coronavirus patients in hospitals across the globe. The global pulse oximeter industry is expected to post an absolute growth of over 70% during the forecasted period. There are many local vendors in this market with similar specifications at low prices which have resulted in a price war amongst the vendors. Turkey is the largest revenue generator of the global pulse oximeter industry in the Middle East and Africa region and holds over 19% market share. The spread of coronavirus is driving several vendors to expand their market shares through acquisitions. Masimo, Koninklijke Philips, Nonin Medical, NIHON KOHDEN, Smiths Medical are some of the prominent vendors in the global pulse oximeter industry.
Key Insights Included in the Pulse Oximeter Industry Report:
- The global pulse oximeter industry is growing at a faster rate at a CAGR of over 9% by 2025.
- Fingertip pulse oximeters are expected to grow with an absolute growth of over 72% during the forecast period.
- Vendors need to strategically focus on the development and commercial launches of advanced pulse oximeter products.
- The sale of fingertip pulse oximeters has witnessed a significant spike in the first week of March 2020 due to COVID-19 pandemic.
Focus on Technological Advancement
Innovation in the analysis of photoplethysmography waveform, use of multiple wavelengths of lights to quantify methemoglobin, and more, have initiated new clinical applications for these advanced pulse oximeters. Moreover, it is observed that no other electronic monitoring device has widespread use in the operating room and is quicker than the pulse oximeter. According to Arizton’s recent research, the availability of advanced technology such as finger pulse oximeters and increased demand for wrist oximeters is boosting the market growth. Manufacturers are focusing on optimizing alarm features to reduce the frequency of alerting and monitoring the patient’s oxygenation more accurately, even under difficult clinical conditions.
APAC Pulse Oximeter Industry Overview
APAC region is the third leading region in the global pulse oximeter industry. In 2019 the region accounted for 20% share and is expected to rise during the forecasted period. The increasing adoption of pulse oximeters in the Asia-Pacific market is due to a rise in the number of COPD cases. The estimation of about 20% overall population is suffering from severe COPD is boosting the demand for pulse oximeter in this region. However, this problem is solved by using oximeter which detects early symptoms and helps in the recovery of the affected patients and has decrease in deaths in APAC region.
FAQs About the Pulse Oximeter Industry:
Q. What is the market size of the pulse oximeter?
The global pulse oximeter market is projected to reach revenues of around $3 billion by 2025.
Q. What is the market growth of the pulse oximeter?
The global pulse oximeter industry is projected to grow at a CAGR of over 9% during 2019-2025.
Q. What is the global market segmentation of the pulse oximeter?
The global pulse oximeter market is segmented by product type, end-users, geography.
Q. What is the market insight of the pulse oximeter?
The pulse oximeter market in India is likely to register a staggering CAGR of over 10% by 2025 due to rise in COVID-19 cases.
Q. What are the major regions in the global pulse oximeter industry?
The leading regions in global oximeter industry includes APAC, Europe, Latin America, North America, Middle East, and Africa.
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