Pulse oximeter is a non-invasive device used to monitor a person's oxygen saturation. In its most common mode of application, a sensor is placed on a thin part of the patient's body, which is usually the tip of a finger or the earlobe in adults and in the case of new- born, it is placed on a foot. Pulse oximeter displays the blood percentage that is loaded with the oxygen. It is mainly convenient for continuous measurement of the blood oxygen saturation, noninvasively. It can be used in any setting where patient’s oxygenation is not stable for example in intensive care, operating, recovery, emergency and hospital ward, patient at high altitude for assessment of any patient’s oxygenation, pilots in unpressurized aircraft, and to determine whether there is requirement for supplemental oxygen.
Pulse oximeters are usually used for diagnosis of sleeping
disorders for instance hypopnea and apnea. The pulse oximeter with the portable
battery is useful for pilots operating in the non-pressurized aircraft where
supplemental oxygen is requisite. The pulse oximeter is also widely used by
climbers and athletes because there is a low concentration of oxygen at high
altitudes or during intense training.
As per analysis, “Pulse
Oximeter Market: Current Analysis and Forecast (2021-2027)” the key companies operating in the global
pulse oximeter market include CAS Medical Systems Inc., Smiths Medical, MASIMO,
GE Healthcare, Medtronic, Opto Circuits India Ltd., NONIN Medical Inc., Welch
Allyn and Spacelabs healthcare, Philips Healthcare, Carefusion Corp and among
others. Major players operating in Pulse Oximeter industry have adopted the
product launch as a key development strategy to expand their presence in the
market.
By product type, pulse oximeter market is segmented as table-top,
hand-held, fingertip and wrist-worn. By sensor type, market is segmented as
disposable and reusable. By patient type, market is segmented as pediatric,
neonatal and adult. In addition, by end-user, market is segmented as clinics
& healthcare facilities, diagnostic centers, hospitals and home care. The
hospital segment dominates the global market owing to higher adoption &
higher utilization of these devices in the hospitals.
Based on regional analysis, the North-America is a leading region
in global pulse oximeter market
owing to increase in awareness regarding the importance of
monitoring-respiratory vitals among the common population across the region.
The Europe and Asia-Pacific regions are anticipated to witness higher growth
rate due to increase in market penetration by emerging players and growth in
patient population over the forecast period. It is projected that future of the
global pulse oximeter market will be bright caused by increase in prevalence of
heart conditions such as chronic obstructive pulmonary disease and heart
failure during the forecast period.
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