Pulse Oximetry Devices
Pulse oximetry is one of the most utilized, portable patient monitoring technologies in the world. Pulse oximeters noninvasively monitor a patient’s arterial blood oxygenation levels to instantly detect dangerous hypoxemia (low blood oxygen) and prevent severe complications. Pulse oximeters monitor key vital signs in patients across the continuum of care—in hospitals, physician’s offices, alternate care/home care, and by emergency medical services. Global sales of pulse oximetry devices totaled an estimated $2.4bn in 2022. Market drivers include the increasing prevalence of chronic respiratory and cardiovascular diseases, stable hospital demand for accurate and dependable pulse oximetry devices, technological advancements (eg superior signal processing algorithms, wireless connectivity, improved sensor designs), lucrative repeat sensor sales, and new consumer health and wellness products (eg wearables/smartwatches). Limiters to the market include shrinking healthcare budgets, reduction in healthcare staff and surgeries due to the impact of COVID-19, heavy discounting/excess inventories and decline in large customer orders as COVID-19 cases continue to decline, limited access to pulse oximetry in emerging regions, and continued global macroeconomic instabilities. This analysis includes a discussion of products, current revenues and forecast markets, competitors, and opportunities in the global market for pulse oximetry devices; revenues include sales of bedside monitors/handheld devices/wearables, disposable and reusable sensors, software, accessories, and OEM sales. Countries covered by this report include the US, five major European markets (France, Germany, Italy, Spain, and the UK), Japan, and the Rest of World. The forecast range for this report is 2022–27.
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