Industry Background:
Held Pulse Oximeter is a medical device used for measurement of various health constraints such as pulse rate, oxygen saturation level and heart rate thus helping in diagnostic of disease such as cardiac, respiratory and others. WHO reported that over 251 million died in COPD related disease in 2016 worldwide with more than 90% of cases reported from emerging countries. The growing cases of respiratory diseases provide huge opportunities for service providers to expand their market presence by consistently focusing on research and developments.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Masimo [United States], Medtronic [Ireland], Nonin Medical [United States], Smiths Medical [United States], Nihon-Kohden [Japan], Philips [Netherlands], GE Healthcare [United States], Konica Minolta [Japan] and Mindray [China] |
According to AMA, the market for Held Pulse Oximeter is expected to register a CAGR of 6.4% during the forecast period to 2030. This growth is primarily driven by Technological Advancement such as Advent of User Friendly and Light Weight Pulse Oximeters and Increasing Incidents of Sleep Apnea and COPD (Chronic obstructive pulmonary disease) Diseases.
Globally, a noticeable market trend is evident Growing Adoption of Oxygen Saturation Level Monitoring Devices
Major Players, such as Masimo [United States], Medtronic [Ireland], Nonin Medical [United States], Smiths Medical [United States], Nihon-Kohden [Japan], Philips [Netherlands], GE Healthcare [United States], Konica Minolta [Japan] and Mindray [China], etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Key Developments in the Market:
In September 2023, Masimo, a leading pulse oximeter manufacturer, announced a partnership with Apple to integrate Masimo's blood oxygen monitoring technology into the Apple Watch Series 8. This partnership signifies a potential shift towards incorporating pulse oximetry into wearable devices.
In June 2023, Philips introduced the Snug Series, a line of fingertip pulse oximeters designed for children and adults. The Snug Series features smaller and more comfortable designs compared to traditional pulse oximeters.
Influencing Trend:
Growing Adoption of Oxygen Saturation Level Monitoring Devices and Increasing Use of held Pulse Oximeter in Medical Centers for Regular Check Ups
Market Growth Drivers:
Technological Advancement such as Advent of User Friendly and Light Weight Pulse Oximeters and Increasing Incidents of Sleep Apnea and COPD (Chronic obstructive pulmonary disease) Diseases
Challenges:
Availability of Alternative Pulse Oximeters Such as Digital One
Restraints:
Lack of awareness about these Devices in Emerging Countries
Opportunities:
Rise in Number of Geriatrics Population and Redesigning of Held Pulse Oximetry with Focus on Long Lasting Battery Facilities and Durability of Device
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Held Pulse Oximeter Market
- Analysis about New Entrants in Held Pulse Oximeter Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Held Pulse Oximeter Study Sheds Light on
The Held Pulse Oximeter Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Held Pulse Oximeter industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Held Pulse Oximeter industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.