PULSE OXIMETER MARKET ANALYSIS

Regional Analysis

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North America remains the dominant region in the global pulse oximeter market and is estimated to hold 38.1% of the market share in 2024. With a highly developed healthcare infrastructure and higher healthcare spending. The region is home to many leading pulse oximeter manufacturers such as Medtronic, Masimo, GE Healthcare, and Nonin Medical who have strong distribution networks across the country. Moreover, the presence of large pool of pulse oximeter users like hospitals, clinics, home healthcare providers, and individuals has continuously fuel demand in North America.

The Asia Pacific region has emerged as the fastest growing market for pulse oximeters in recent times. China and India are spearheading the market growth owing to rising population, increasing healthcare awareness, and improving access to healthcare facilities in rural regions. Both countries are witnessing higher incident of chronic diseases like COPD and cardiac problems due to growing geriatric population and changing lifestyle trends. This has significantly boosted the sales of pulse oximeters. Furthermore, the governments of various APAC countries have recognized pulse oximetry as an essential device for critical care and are promoting its usage which is positively impacting the market.