One in three adults worldwide has multiple chronic conditions: cardiovascular disease alongside, diabetes, depression as well as cancer, or a combination of three, four, or even five or six diseases at the same time. Such high prevalence has been a support for the pulse oximeter market. A Pulse Oximeter is a clip-like device called a probe that is placed on a body part, such as a finger or ear lobe. The probe uses light to measure how much oxygen is in the blood. The growing prevalence of target diseases such as asthma, hyperlipidemia, hypertension, diabetes, ischemic conditions, cardiac arrhythmia, sleep apnea, and COPD is expected to be a major market driver over the forecast period. According to the WHO, around 64 million patients are currently living with COPD worldwide with approximately 90% of deaths due to COPD occurring in low- and middle-income countries.
The research report titled Global
Pulse Oximeter Market Outlook, 2026 by Bonafide Research categorizes the
market to forecast the revenues and analyze the trends in each of the following
segments: based on product type, based on end-users, based on region, countries
& major companies. With a high
demand in the Covid period, the market is expected to witness a growth of over 7%
CAGR in the forecasted period. The growing investments to improve healthcare
infrastructure, technological advancements in pulse oximeter devices along the
growing medical device companies in emerging economies will enhance the growth
of this market. Through the forecasted period, the fingertip segment is to grow
with a CAGR of over 10%, recording the highest growth. Moreover, the increasing
demand for patient monitoring in non-hospital settings with an increasing
number of surgical procedures and upcoming opportunities in point-of-care
testing is expected to offer significant growth opportunities during the
forecast period.
In COPD, asthma, and pneumonia, the lungs' airways are obstructed, making it
difficult for air to move in and out of the lungs, which eventually leads to
the low oxygen concentration in the blood. In the coming years, the prevalence
of COPD is expected to increase due to rising tobacco consumption and the
growing geriatric population. Although factors such as modifications in
labeling requirements and changes in rules and regulations on the distribution
of medical devices may slow down the approval process for now. But in the long
run, they may result in benefits to approved products, such as improvement in
quality and reduction in the number of product recalls.
North America region dominates the market for pulse oximeters, owing to
increasing awareness regarding the importance of monitoring respiratory vitals
among the common population. Moreover, for outpatients and patients opting for
home settings, a pulse oximeter is considered a reasonable necessity and
reimbursed after proper documentation. Thus, a favorable reimbursement
infrastructure is expected to contribute to market growth. Latin America, along
with the Middle East & Africa could hardly contribute to a market share of 15%
by the end of the forecasted period.
To get more insights visit here: https://www.bonafideresearch.com/product/210679981/global-pulse-oximeter-market
| Company Name | Contact Person | Contact Number | Email Id | Website | Address |
|---|---|---|---|---|---|
| Bonafide Research | 7405884434 | pooja.shrivastava@bonafideresearch.net | https://www.bonafideresearch.com/ |
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