Report : North America Pulse Oximeters Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Wrist-worn Pulse Oximeters, Pediatric Pulse Oximeters); End User (Hospitals, Clinics, Others); and Country
Handheld pulse oximeters segment by type is estimated to lead the market growth during the forecast period
According to a new market research study of “North America Pulse Oximeters Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, End User and Country.” The North America pulse oximeters market is expected to reach US$ 1,415.14 million in 2027 from US$ 709.26 million in 2019. The market is estimated to grow with a CAGR of 8.9% from 2020 to 2027.The report highlights trends prevailing in the North America pulse oximeters market and the factors driving market along with those that act as hindrances.
The North America pulse oximeters market, by type, is segmented into fingertip pulse oximeters, handheld pulse oximeters, wrist-worn pulse oximeters, and paediatric pulse oximeters. The handheld pulse oximeters segment held the largest share of the market in 2019. Fingertip Pulse Oximeters segment is registering the highest CAGR in the market during the forecast period.
Pulse oximeter is a noninvasive device used for monitoring the oxygen saturation levels in blood. It is mostly used in intensive care units, operating units, and emergency care units; the device is also used at high altitudes to assess patients’ oxygenation levels to determine if there is a need of external oxygen supply. A large percentage of world population suffers from various types of respiratory diseases. The patients suffering from respiratory disorders commonly experience difficulty in breathing and oxygen shortage, and thus need oxygen monitoring. As per the American Lung Association, Coronary Obstructive Pulmonary Disease (COPD) is the third leading cause of death in the US, wherein more than 16.4 million people are diagnosed with the condition. The increasing number of COVID-19 cases worldwide is boosting the demand for pulse oximeters. Moreover, different types pulse oximeter devices are being widely used for routine monitoring at home.
The growth of the North America pulse oximeters market is attributed to key driving factors such as rising prevalence of respiratory diseases, outbreak of COVID 19 pandemic and increasing incidence of congenital heart disease. However, inaccuracies in pulse oximeter readings are expected to obstruct the market's growth to a certain extent during the forecast years.
Nonin, Koninklijke Philips N.V. and Smiths Medical are among the leading companies operating in theNorth America pulse oximeters market.
The report segments in North AmericaPulse Oximeters Market as follows:
- Fingertip Pulse Oximeters
- Handheld Pulse Oximeters
- Wrist-worn Pulse Oximeters
- Pediatric Pulse Oximeters
By End User
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