About Fingertip Pulse Oximetry
Pulse oximetry is a test to measure the oxygen content (oxygen saturation) of the blood. It's a simple, painless measure of how well oxygen is being sent to parts of your body furthest from your heart, such as your heart, arms, and legs. A pulse oximeter is a small, lightweight device used to monitor the amount of oxygen in the body. This non-invasive tool attaches painlessly to your fingertip and sends two wavelengths of light through your finger to measure your pulse rate and the oxygen levels in your system. Once the oximeter finishes its assessment, the screen will show the percentage of oxygen in your blood that is coming from your heart - as well as your current pulse rate. The finger pulse oximeter has expanded the availability of pulse oximetry to include monitoring of patients at home. People with heart or breathing problems can rely on personal finger pulse oximeters to help manage these conditions under medical guidance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Asian Players will contribute the maximum growth to Global Fingertip Pulse Oximetry market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United States), Philips (Netherlands), Smiths Medical Inc. (United States), Nonin Medical (United States), Covidien (Ireland), Masimo (United States), Delta Electronics (Taiwan), Acare Technology (Taiwan), Konica Minolta (Japan), Spencer (India), Contec (Japan), Yuwell (China), ChoiceMMed (China) and Heal Force (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Guangdong Biolight (China), Edan Instruments Inc. (China) and Mindray (China).
Segmentation Overview
AMA Research has segmented the market of Global Fingertip Pulse Oximetry market by Type (Stand-alone Devices and Multi-parameter Units), Application (Hospitals, Clinics and Others) and Region.
On the basis of geography, the market of Fingertip Pulse Oximetry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Monitoring Symptoms, the sub-segment i.e. Chronic Obstructive Pulmonary Disease (COPD) will boost the Fingertip Pulse Oximetry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Fingertip Pulse Oximetry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Ability to Track the Health Status of Patients in Home Settings and Increased the Adoption of Pulse Oximeters for Monitoring a Wide Variety of Chronic Illness
Market Growth Drivers:
Rise in the Incidence of Chronic Diseases and Surge in Geriatric Population and The Rising Efficient Diagnosis of Critical Health Conditions
Challenges:
Lack of Awareness in Developing Regions
Restraints:
High Demand for Proactive Monitoring
Opportunities:
Increase in Healthcare Expenditure in the Emerging Economies
Market Leaders and their expansionary development strategies
In August 2018, Philips had acquired Xhale Assurance Inc. It was very critical because with the acquisition as Philips had its hands on the next-generation sensors that were being developed by the Xhale Assurance. It is also very important to note here that the pulse oximeters that were developed could also be used during the time when the perfusion pressure is low, something that the traditional variant lacks in. Thus, with the acquisition that took place Philips got at a much better place in the market which is both in terms of market standing, as well as product diversification.
In February 2024, Masimo announced FDA clearance of MightySat Medical, making it the first and only FDA-cleared medical fingertip pulse oximeter available Over-The-Counter (OTC) direct to consumers without a prescription. All other pulse oximeters available at drug stores and online and sold direct to consumers are not FDA cleared and should not be relied upon for medical use; many of them have been reported to give erroneous measurements.
Key Target Audience
Manufacturers of Fingertip Pulse Oximetry, Distributors and Suppliers if Fingertip Pulse Oximetry, Potential Investors, Market Research Firms, End-users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.