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Pulse Oximeter Market - Global Outlook and Forecast 2020-2025

  • ID: 5137061
  • Report
  • August 2020
  • Region: Global
  • 266 pages
  • Arizton
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until Feb 28th 2021
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FEATURED COMPANIES

  • Acare Technology
  • CA-MI
  • Contec Medical Systems
  • Maxtec
  • MEDPLANT
  • Nureca
  • MORE
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Pulse Oximeter Market Report

The pulse oximeter market by revenue is expected to grow at a CAGR of over 9% during the period 2019–2025.

The global pulse oximeter market is expected to grow at an absolute growth of over 70% during the forecast period. The market is growing due to the growing elderly population, which is prone to the risk of respiratory diseases, hypertension, CVD, diabetes, and other diseases that could affect oxygen levels (SpO2). The increasing emphasis on patient safety during treatment in healthcare settings and the demand for consistent vital signs monitoring is expected to drive the growth of the market. The growing awareness of patient monitoring and an increase in target disease prevalence are further likely to boost market growth during the forecast period. Strong demand for pulse oximeters and increased end-users’ spending sentiments on home patient monitoring devices worldwide is contributing to market growth.

The purchase of at-home pulse oximeters has spiked over 500% since the detection of COVID-19 cases in the US. The device can easily be purchased at drugstores and via online retailers. Several physicians observe pulse oximeters are an important device to identify declining lung function early and address the cause, including COVID-19. Hence, the rising adoption of these devices has boosted the demand for pulse oximeter on the global level, which is further expected to contribute to the market growth in upcoming years.

The following factors are likely to contribute to the growth of the pulse oximeter market during the forecast period:
  • Advent of Wrist worn Pulse Oximeter
  • Upsurge in COVID-19 Pandemic Positive Cases
  • Increasing Demand for Integration of Remote Patient Monitoring Platforms with Pulse Oximeters
  • Favorable Patient Demographics
The study considers the present scenario of the pulse oximeter market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Pulse Oximeter Market Segmentation

The global pulse oximeter market research report includes a detailed segmentation by products, end-users, and geography. The fingertip segment dominated the industry with a market share of over 35% share in 2019.

Fingertip pulse oximeters are easy to operate and compact. The segment is experiencing high demand as these devices are non-invasive, which makes them a preferred option for infants and neonates. Technological advancements in fingertip models will drive the segment. The inclusion of features such as Bluetooth, alarm systems, extensive memory, and easy transfer of data is increasing the efficiency. The recent outbreak of the COVID-19 pandemic has increased the demand for fingertip devices in the global population.

Handheld devices were the second major segment with a market share of over 31% in 2019. They are preferred for long-term monitoring of the patient. The device is preferred in hospitals in developing countries, wherein the number of patients is high. They are used by adults and children suffering from chronic illnesses such as congestive heart failure, anemia, lung cancer, heart attacks, respiratory conditions such as COPD, asthma, and sleep apnea.

In 2019, the hospital end-user segment accounted for over 56% in the pulse oximeter market shares. With the outbreak of the COVID-19 pandemic, the number of hospital admissions with pneumonia and shortening of breath, and reduced oxygen levels in blood has increased. Hence, this has increased the demand for pulse oximeter in hospitals. Moreover, there is a growing demand for pulse oximeters in emergency care units and critical care units during operations to monitor SpO2. There is an increasing demand for standalone pulse oximeters in these settings to provide high-quality care to the patient population. In hospitals, there is a growing demand for standalone and handheld and fingertip pulse oximeters.

The clinic segment accounted for over 17% share in the market. The market is growing at a significant rate, with a CAGR during the forecast period. Due to the growth in the neonatal, pediatric, and adult patient population, there is an increasing number of visits to clinics. As there is the footfall in clinics is growing, there is a rising demand for several medical devices that can monitor patients’ vital signs such as pulse oximeter. There is an increasing pediatric population, which is opting for clinics rather than hospitals due to low consultant fees and easy accessibility.

Segmentation by Products
  • Fingertip
  • Handheld
  • Table-top/Bedside
  • Wrist-worn
Segmentation by End-users
  • Hospitals
  • Clinics
  • Home Healthcare Settings
  • Others
INSIGHTS BY GEOGRAPHY

North America represented the largest regional segment of the market in 2019. The increasing healthcare expenditure in the US and Canada and the growing prevalence of congenital heart defects (CHD) and other heart ailments and respiratory conditions are increasing the usage of pulse oximeters to check SpO2 and avoid heart stroke, thereby increasing the adoption of these devices. Moreover, in 2018, the number of adults with diagnosed chronic bronchitis was around 9 million. Also, the number of emergency department visits with emphysema and other chronic obstructive pulmonary disease as the primary diagnosis was over 9 lakh. This increasing patient population and rising admission in emergency departments have increased the demand for pulse oximeters by the patient population individually to monitor health status at home as well as the emergency department. There is a demand for pulse oximeter separate from multi-parameters to check accurate oxygen concentration in the blood to provide high-quality care to patients in emergency centers.

Segmentation by Geography
  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • APAC
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Turkey
INSIGHTS BY VENDORS

The global pulse oximeter market share is fairly fragmented with the presence of several global, regional, and local manufacturers. Masimo, Medtronic, Koninklijke Philips, Smiths Medical, Nonin Medical, and NIHON KOHDEN are the largest manufacturer of pulse oximeters. All these companies have a significant presence in major geographical regions such as North America, APAC, and Europe. However, there are many local vendors providing products with similar specifications at lower prices, which have resulted in a price war among vendors. Major vendors are continuously competing among themselves for the leading position in the market, with occasional spurts of competition coming from other local vendors. The market potential of pulse oximeters due to ongoing COVID-19 pandemic is driving several vendors to expand their market share through acquisitions.

Prominent Vendors
  • Medtronic
  • Masimo
  • Koninklijke Philips
  • Nonin Medical
  • NIHON KOHDEN
  • Smiths Medical
Other Prominent Vendors
  • Acare Technology
  • Contec Medical Systems
  • COMED
  • MEDPLANT
  • Heal Force Bio-Meditech Holdings
  • medical Econet
  • Microlife
  • ARKY
  • Advanced Instrumentations
  • CA-MI
  • Meditech
  • Shanghai Berry Electronic Technology
  • AVI Healthcare
  • Recorders & Medicare Systems (RMS)
  • Shanxi Jerry Medical Instrument
  • Shenzhen Creative Industry
  • Devon Medical Products
  • Sunset Healthcare Solutions
  • Compass Health Brands
  • IN4 Technology
  • Progetti
  • Vyaire Medical
  • HUM Society for Homecare and Medical Technology
  • Oxitone Medical
  • Bitmos
  • Beijing Choice Electronic Technology
  • Mediaid
  • RADIMED
  • Shenzhen Unicare Electronic
  • COMDEK
  • Medlab Clinical
  • Charmcare
  • GETEMED Medical and Information Technology
  • Nureca
  • Maxtec
KEY QUESTIONS ANSWERED

1. What is the pulse oximeter market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the pulse oximeter market shares?
3. Which segment accounted for the largest pulse oximeter market share?
4. Who are the key players in the market, and what is the growth of Masimo pulse oximeter market shares?
5. What is the impact of the COVID-19 pandemic on the pulse oximeter market?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Acare Technology
  • CA-MI
  • Contec Medical Systems
  • Maxtec
  • MEDPLANT
  • Nureca
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Covid-19 Pandemic

8 Market Opportunities & Trends
8.1 Advent of Wrist-Worn Pulse Oximeters
8.2 Upsurge In Covid-19 Pandemic Positive Cases
8.3 Increasing Demand For Integration Of Remote Patient Monitoring Platforms & Pulse Oximeters

9 Market Growth Enablers
9.1 Favorable Patient Demographics
9.2 Technological Advancements Coupled With Product Innovations
9.3 High Demand For Handheld & Fingertip Pulse Oximeters

10 Market Restraints
10.1 Shifting Of Healthcare Providers’ Preferences Towards Multiparameter Patient Monitors
10.2 Limitations Associated With Pulse Oximeter Calibration
10.3 Intense Competition Coupled With Pricing Pressure

11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis

12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Fingertip Pulse Oximeters
12.4 Hand-held Pulse Oximeters
12.5 Tabletop/Bedside Pulse Oximeters
12.6 Wrist-worn Pulse Oximeters

13 End-Users
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Hospitals
13.4 Clinics
13.5 Home Healthcare Settings
13.6 Others

14 Geography
14.1 Market Snapshot & Growth Engine
14.2 Geographic Overview

15 Europe
15.1 Market Overview
15.2 Market Size & Forecast
15.3 Product
15.4 End-Users
15.5 Key Countries

16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Product
16.4 End-Users
16.5 Key Countries

17 APAC
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Product
17.4 End-Users
17.5 Key Countries

18 Latin America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Product
18.4 End-Users
18.5 Key Countries

19 Middle East & Africa
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Product
19.4 End-Users
19.5 Key Countries

20 Competitive Landscape
20.1 Competition Overview
20.2 Market Share Analysis

21 Key Company Profiles
21.1 Masimo
21.2 Medtronic
21.3 Nonin Medical
21.4 Koninklijke Philips
21.5 Smiths Medical
21.6 Nihon Kohden

22 Other Prominent Vendors
22.1 Acare Technology
22.2 Contec Medical Systems
22.3 Comed
22.4 Medplant
22.5 Heal Force Bio-Meditech Holdings
22.6 Medical Econet
22.7 Microlife
22.8 ARKY
22.9 Advanced Instrumentations
22.10 Ca-MI
22.11 Meditech
22.12 Shanghai Berry Electronic Technology
22.13 AVI Healthcare
22.14 Recorders & Medicare Systems
22.15 Shanxi Jerry Medical Instrument
22.16 Shenzhen Creative Industry
22.17 Devon Medical Products
22.18 Sunset Healthcare Solutions
22.19 Compass Health Brands
22.20 IN4 Technology
22.21 Progetti
22.22 Vyaire Medical
22.23 HUM Society for Homecare and Medical Technology
22.24 Oxitone Medical
22.25 Bitmos
22.26 Beijing Choice Electronic Technology
22.27 Mediaid
22.28 Radimed
22.29 Shenzhen Unicare Electronic
22.30 Comdek
22.31 Medlab Clinical
22.32 Charmcare
22.33 GETEMED Medical and Information Technology
22.34 Nureca
22.35 Maxtec

23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendations

24 Quantitative Summary
24.1 Market By Product
24.2 Market By End-Users
24.3 Market By Geography

25 Appendix
25.1 Abbreviations
Note: Product cover images may vary from those shown
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  • Medtronic
  • Masimo
  • Koninklijke Philips
  • Nonin Medical
  • NIHON KOHDEN
  • Smiths Medical
  • Acare Technology
  • Contec Medical Systems
  • COMED
  • MEDPLANT
  • Heal Force Bio-Meditech Holdings
  • medical Econet
  • Microlife
  • ARKY
  • Advanced Instrumentations
  • CA-MI
  • Meditech
  • Shanghai Berry Electronic Technology
  • AVI Healthcare
  • Recorders & Medicare Systems (RMS)
  • Shanxi Jerry Medical Instrument
  • Shenzhen Creative Industry
  • Devon Medical Products
  • Sunset Healthcare Solutions
  • Compass Health Brands
  • IN4 Technology
  • Progetti
  • Vyaire Medical
  • HUM Society for Homecare and Medical Technology
  • Oxitone Medical
  • Bitmos
  • Beijing Choice Electronic Technology
  • Mediaid
  • RADIMED
  • Shenzhen Unicare Electronic
  • COMDEK
  • Medlab Clinical
  • Charmcare
  • GETEMED Medical and Information Technology
  • Nureca
  • Maxtec
Note: Product cover images may vary from those shown
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Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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