Pulse Oximeter Market
Global pulse oximeter market is estimated to be valued at USD 3,918.7 Mn in 2024 and is expected to exhibit a CAGR of 7.9% during the forecast period (2024-2031). The global pulse oximeter market has been witnessing significant growth in the recent past owing to the rising incidence of respiratory diseases and increasing geriatric population worldwide. Pulse oximeters are non-invasive devices that measure the oxygen saturation level in blood and pulse rate. They have emerged as an essential device for monitoring patients suffering from chronic obstructive pulmonary disease (COPD), asthma, obesity hypoventilation syndrome and other respiratory disorders. Furthermore, the ongoing COVID-19 pandemic has strongly driven the demand for pulse oximeters for remotely monitoring patients exhibiting coronavirus symptoms. With growing health awareness and expanding application in home healthcare settings, the market is expected to continue its upward trajectory over the coming years.
Market Dynamics:
The global pulse oximeter market growth is driven by the rising global prevalence of respiratory diseases as well as the growing geriatric population who are more susceptible to such conditions. As per World Health Organization, data, over 235 million people suffer from asthma worldwide. Similarly, over 300 million people live with COPD globally. This has significantly fueled the demand for pulse oximeters for diagnosis and ongoing monitoring of patients. However, the market faces some restraints in terms of lack of awareness regarding pulse oximetry in developing nations. On the positive side, factors such as increasing adoption of remote patient monitoring devices, growing applications in home healthcare settings, and continuous technological innovations are expected to create new opportunities for market players over the forecast period.
Key Features of the Study:
Detailed Segmentation-
Table of Contents
*Browse 34 market data tables and 32 figures on "Pulse Oximeter Market” -Global forecast to 2031
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