Pulse Oximetry Market Size 2021 Top Countries Data, which will emerge in importance in the market 2030

In a recent published report, Kenneth Research has updated the market report for Pulse Oximetry Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pulse Oximetry Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

Overview of the Global Pulse Oximetry Market Research
Infoholic’s market research report predicts that the global pulse oximetry market will grow at a CAGR of 6.2% during the forecast period. The market has witnessed steady growth in the past few years, and the development in technology with the introduction of lightweight, compact, and easy to use wearable pulse oximeters has increased the acceptance of pulse oximeters in the market. The global market is fueled by government endorsement to use pulse oximeters.

The market continues to grow, and pulse oximeter is one of the most widely used respiratory monitoring systems due to its features and capabilities. The advanced technology has made the device simple and fast along with the precise use of mobility at the point of monitoring. Vendors are focusing on new product launch and targeting the end-user’s perspective. The majority of the revenue is generated by the leading players in the market with sales dominated by Masimo Corporation, Medtronic, Philips, GE Healthcare, Smith Medical, and Nihon Kohden Corporation.

According to the Infoholic Research analysis, North America accounted for the largest share of the global pulse oximetry market in 2018. The primary reasons for growth in North America are the increasing incidence of chronic diseases, growing technological advancements, increase in general surgical procedures, and the introduction of smart pulse oximeters with high efficacy. Asia Pacific is likely to witness the fastest growth rate due to the large patient pool and rising healthcare expenditure.

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By Product:
• Table-top/Bedside Pulse Oximeters
• Fingertip Pulse Oximeters
• Hand-held Pulse Oximeters
• Wrist-worn Pulse Oximeters
• Others
In 2018, the table-top pulse oximetry segment occupied the largest share due to its ability to monitor for long hours constantly. Also, these systems are versatile and have good efficacy.

By End-users:
• Hospitals
• Ambulatory Service Centers
• Home Care
In 2018, hospitals gained the highest share in the pulse oximetry market with the largest diagnostic volumes globally.

By Regions:
• North America
• Europe
• APAC
• RoW
Geographically, North America is the global leader with the US accounting for the significant market share, followed by Europe. Asia Pacific is the fastest growing region in the pulse oximetry market. In October 2018, Mindray became the first Chinese company to obtain List A CE mark.
Pulse Oximetry Market Research Competitive Analysis – The global pulse oximetry market has massive growth opportunities in both developed and developing regions. Initiatives are being taken by the governments to progress the current application areas of pulse oximeters. In 2017, The European Pulse Oximetry Screening Workgroup recommended pulse oximetry screening (POS) for CCHD. Recently, in June 2018, the United Arab Emirates Ministry of Health & Prevention also adopted this for monitoring patients during critical and emergency care. All these endorsements for the devices in various applications have helped the market to grow.

The integration of AI with pulse oximeters has increased the demand for home care settings. Therefore, many players are concentrating on expanding their product portfolio for home care settings. In June 2016, Nonin Medical introduced Apple iOS-compatible NoninConnect Elite Model 3240 Bluetooth Smart Wireless Finger Pulse Oximeter.

Key Vendors:
• Masimo Corporation
• Medtronic Plc
• GE Healthcare
• Philips Healthcare
• Smith Medical
• Nihon Kohden Corporation
• Drägerwerk
• Omron
• Nonin Medical Inc
• Becton Dickinson and Company
• Mindray Medical International Limited

Key Competitive Facts
• The market is highly competitive with all the players competing to gain market shares. Intense competition, rapid advancements in technology, government policies, and the prices are the key factors that confront the market.
• Smart devices are designed to improve better management of daily medication. Mobile platform and wearable devices are developed to predict oxygen saturation of the patients at various end-user settings.

Benefits – The report provides complete details about the usage and adoption rate of pulse oximeters. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the pulse oximetry segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

Key Takeaways
• Understanding the potential market opportunity with precise market size and forecast data.
• Detailed market analysis focusing on the growth of the pulse oximetry industry.
• Factors influencing the growth of the pulse oximetry market.
• In-depth competitive analysis of dominant and pure-play vendors.
• Prediction analysis of the pulse oximetry industry in both developed and developing regions.
• Key insights related to major segments of the pulse oximetry market.
• Latest market trend analysis impacting the buying behavior of the consumers.

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