Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Pulse Oximeters Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues and key prospect. The insights and analytics on the Pulse Oximeters Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
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Hand-held pulse oximeters dominated the global pulse oximeters market in 2018, in terms of revenue and its growth trend will continue throughout the forecast period. Hand-held pulse oximeter segment is projected to be the most lucrative segment and will account for a significant market share. Whilst wrist pulse oximeters segment is purported to be the least lucrative, it will show the fastest growth during the forecast period, growing at a CAGR of 5% through 2029. Wrist pulse oximeters are projected to gain market share and account for 15% of the market share by 2029.
Growing Adoption of Pulse Oximeters in Homecare Settings Boosting Market Growth
The increasing demand for pulse oximeters at home care settings is expected to propel growth of the pulse oximeter market. Pulse oximeters were initially used at home in the early 1990s for continuous monitoring with home mechanical ventilation and sleep studies. Intermittent spot-check use at home has become more common in recent years with conditions such as Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD), and others requiring oxygen therapy. The artificial intelligence (AI) with pulse oximeters have increased the adoption of this device in home care settings. Therefore, many players are focusing to invest in product innovations for home care settings. In June 2016, Nonin Medical introduced Apple iOS-compatible NoninConnect Elite Model 3240 Bluetooth Smart Wireless Finger Pulse Oximeter. Usage of personal pulse oximeters has enabled patients to get an appropriate measure of oxygen saturation level and also help patients to get better control of oxygen delivery in order to achieve appropriate oxygen saturation levels during rest and exercise.
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The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Pulse Oximeters Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Some important questions that the Pulse Oximeters Market report tries to answer exhaustively are:
- Key strategic moves by various players in the Pulse Oximeters Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
- Which strategies will enable top players in the Pulse Oximeters Market to expand their geographic footprints
- Which new business models are expected to change the course of growth of key regional markets in near future
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
- Which products segments have in recent years have seen new, lucrative application areas
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