PULSE OXIMETER MARKET ANALYSIS

Inaccuracy in reading of pulse oximeter among Black, Hispanic, and Asian COVID-19 patients has restricted growth of the pulse oximeter market. For instance, according to the Wall Street Journal, in May 2022, the Centers for Disease Control and Prevention said in April that Black and Hispanic patients were most likely to die due to COVID-19 as they were found to be diagnosed late. Hispanic patients were more than 20% less likely than white patients to have their treatment eligibility recognized. Black patients were 30% less likely than white patients to be recognized as being eligible for the treatment of severe COVID-19, in spite of having oxygen levels below the threshold, at which certain COVID-19 treatment would be recommended.

Market Opportunities – Integration of Smartphones with Pulse Oximeters

The integration of smartphones with pulse oximeters provides a great opportunity to revolutionize the global pulse oximeter market. In today's connected world, most people own a smartphone which they use for multiple purposes on a daily basis. If pulse oximeter devices are able to directly communicate and pair with smartphones via applications, it allows for constant remote monitoring of oxygen saturation levels and heart rate. This can prove extremely beneficial for patients with chronic respiratory conditions, those in ICUs or undergoing long term hospital care.