Increase in geriatric population and favourable reimbursement plans are expected to drive United States pulse oximeters market for the forecast period.
According to TechSci Research report, “United States Pulse Oximeters Market By Type (Fingertip v/s Handheld) By Sensor Type (Reusable v/s Disposable) By Patient Type (Neonatal, Pediatric, Adult) By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026”, United States pulse oximeters market is expected to witness significant growth for the next five years. A pulse oximeter is an electronic device which is used for measuring pulse and oxygen levels in patients. Several factors such as heart failure, sleep apnea, suffocation, choking, allergic reactions, among others is expected to lower the oxygen levels in patient body. Increasing prevalence of coronavirus which also affects adversely on the percentage of oxygen in human body can be measured with the help of pulse oximeter and appropriate steps can take in case of oxygen shortage in patient body. Hypoxemia is a critical medical condition in which the tissues are deprived of oxygen in the whole body or a part of the body which affects the normal functioning of the body and can lead to lack of coordination, shortness of breath, dizziness, rapid breathing, and visual disorders. Higher adoption coupled with adoption of pulse oximeters is contributing to high demand of pulse oximeter in the region. Easy availability of the product and increasing prevalence of pulmonary disorders is expected to boost the market growth in United States.
Since the onset of pandemic COVID-19, complete lockdown restrictions were imposed by leading authorities of United States to fight the novel coronavirus. High quality pulse oximeter is an essential device for early diagnosis and therefore leading to early treatment of patients suffering from COVID. Manufacturing units were shut down and companies faced a shortage of skilled man force. After the lockdown was lifted after the first wave, manufacturing units were allowed to continue the production with half work force and with lower production. High demand for pulse oximeters and lower production volume may affect the market growth. Pulse oximeter manufacturing companies are working to ensure the continuous supply of pulse oximeters as the cases of patients suffering from coronavirus is still rising at an alarming rate.
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United States pulse oximeters market is segmented into type, sensor type, product type, end user, regional distribution, and company. Based on type, market is further divided into fingertip and handheld. Fingertip pulse oximeter segment is expected to account for major market share for the forecast period, 2022-2026 as it is more convenient and quicker than its counterpart in giving the results. Finger oximeter is an electronic device which is clipped to finger and measures the level of oxygen in human body with the help of wavelength. These are more precise, digital and are affordable nature is expected to boost the pulse oximeter market. Technology advancements in pulse oximeter have led to measuring oxygen saturation percentage, pulse rate, perfusion rate, and respiration rate in a single device.
Philips Healthcare (USA), Medtronic USA, Inc, GE Healthcare, Smith’s Medical Inc., Hill-Rom Holdings, Inc., Masimo Corporation, Draeger Inc., Nihon Kohden America, OSI Systems, Inc. (Spacelabs Healthcare), Edwards Lifesciences Corporation are the leading players operating in United States pulse oximeters market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several pulse oximeters manufacturers are coming up with their technologically advanced offerings.
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“High-end investments by leading market players to upgrade the existing infrastructure of pulse oximeter technology such as adoption of Bluetooth in pulse oximeters, presence of alarm system, easy transfer of the data and huge memory space in pulse oximeter to track the patient records is contributing significantly to increase the demand for pulse oximeters. Collaboration of pulse oximeter manufacturers with healthcare facilities for connecting the results of pulse oximeter with healthcare professionals for constant monitoring and giving effective treatments to the patients. Due to rising adoption of telehealth services by consumers and healthcare centers to increase the convenience and providing early treatment to patients are the major drivers which are expected to propel the market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Pulse Oximeters Market By Type (Fingertip v/s Handheld) By Sensor Type (Reusable v/s Disposable) By Patient Type (Neonatal, Paediatric, Adult) By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States pulse oximeters market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United States pulse oximeters market.
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