global pulse oximeter market size, share & forecast 2026 | techsci research
DESCRIPTION
According to #TechSci Research report, the integration of artificial intelligence in pulse oximeter is driving the Global Pulse Oximeter Market growth in the forecast period, 2022-2026. Report URL- https://bit.ly/3aA1jRo Visit our website @ https://www.techsciresearch.com/ For more market research news visit our blog: https://techsciblog.com/TRANSCRIPT
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GLOBAL PULSE OXIMETER MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
2
Scope of ReportProduct of Interest (POI): Pulse Oximeter
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
Pulse oximetry is a noninvasive method for monitoring a person's oxygen saturation. Peripheraloxygen saturation (SpO2) readings are typically within 2% accuracy (within 4% accuracy in the worst5% of cases) of the more desirable (and invasive) reading of arterial oxygen saturation (SaO2) fromarterial blood gas analysis.[1] But the two are correlated well enough that the safe, convenient,noninvasive, inexpensive pulse oximetry method is valuable for measuring oxygen saturation inclinical use.
Market SegmentationPRODUCT TYPE
• Fingertip
• Handheld
SENSOR TYPE
• Reusable
• Disposable
END USER
• Hospitals & Clinics
• Ambulatory Surgery Centers
• Homecare
• Others
PULSE OXIMETER MARKET
REGION
• Europe
• Asia Pacific
• Middle East & Africa
• North America
• South America
3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Pulse Oximeter Market
4. Voice of Customer
5. Executive Summary
6. Global Pulse Oximeter Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Fingertip v/s Handheld)
6.2.2. By Sensor Type (Reusable v/s Disposable)
6.2.3. By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Homecare, Others)
6.2.4. By Company (2020)
6.2.5. By Region
6.3. Product Market Map
7. Asia-Pacific Pulse Oximeter Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Sensor Type
7.2.3. By End User
7.2.4. By Country
4
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S. No. Contents Page No.
7.3. Asia-Pacific: Country Analysis
7.3.1. China Pulse Oximeter Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Sensor Type
7.3.1.2.3. By End User
7.3.2. India Pulse Oximeter Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Sensor Type
7.3.2.2.3. By End User
7.3.3. Japan Pulse Oximeter Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Sensor Type
7.3.3.2.3. By End User
7.3.4. South Korea Pulse Oximeter Market Outlook
5
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S. No. Contents Page No.
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product Type
7.3.4.2.2. By Sensor Type
7.3.4.2.3. By End User
7.3.5. Australia Pulse Oximeter Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By Sensor Type
7.3.5.2.3. By End User
8. Europe Pulse Oximeter Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Sensor Type
8.2.3. By End User
8.2.4. By Country
6
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S. No. Contents Page No.
8.3. Europe: Country Analysis
8.3.1. France Pulse Oximeter Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Sensor Type
8.3.1.2.3. By End User
8.3.2. Germany Pulse Oximeter Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Sensor Type
8.3.2.2.3. By End User
8.3.3. United Kingdom Pulse Oximeter Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Sensor Type
8.3.3.2.3. By End User
7
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S. No. Contents Page No.
8.3.4. Italy Pulse Oximeter Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.4.4.2.1. By Product Type
8.4.4.2.2. By Sensor Type
8.4.4.2.3. By End User
8.3.5. Spain Pulse Oximeter Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.4.5.2.1. By Product Type
8.4.5.2.2. By Sensor Type
8.4.5.2.3. By End User
9. North America Pulse Oximeter Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Sensor Type
9.2.3. By End User
9.2.4. By Country
8
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S. No. Contents Page No.
9.3. North America: Country Analysis
9.3.1. United States Pulse Oximeter Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Sensor Type
9.3.1.2.3. By End User
9.3.2. Mexico Pulse Oximeter Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Sensor Type
9.3.2.2.3. By End User
9.3.3. Canada Pulse Oximeter Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Sensor Type
9.3.3.2.3. By End User
10. South America Pulse Oximeter Market Outlook
10.1. Market Size & Forecast
9
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S. No. Contents Page No.
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Sensor Type
10.2.3. By End User
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Pulse Oximeter Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product Type
10.3.1.2.2. By Sensor Type
10.3.1.2.3. By End User
10.3.2. Argentina Pulse Oximeter Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1 By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product Type
10.3.2.2.2. By Sensor Type
10.3.2.2.3. By End User
10.3.3. Colombia Pulse Oximeter Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10
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S. No. Contents Page No.
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product Type
10.3.3.2.2. By Sensor Type
10.3.3.2.3. By End User
11. Middle East & Africa Pulse Oximeter Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By Sensor Type
11.2.3. By End User
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. South Africa Pulse Oximeter Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Technique
11.3.1.2.2. By Application
11.3.1.2.3. By Source
11.3.2. Saudi Arabia Pulse Oximeter Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11
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S. No. Contents Page No.
11.3.2.2.1. By Technique
11.3.2.2.2. By Application
11.3.2.2.3. By Source
11.3.3. UAE Pulse Oximeter Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Technique
11.3.3.2.2. By Application
11.3.3.2.3. By Source
11.3.4. Kuwait Pulse Oximeter Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Technique
11.3.4.2.2. By Application
11.3.4.2.3. By Source
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
12
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S. No. Contents Page No.
14. Competitive Landscape
15. Strategic Recommendations
16. About Us and Disclaimer
RESEARCH METHODOLOGY
14
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the Global pulse oximeter
market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the Global pulse oximeter
market.
Data
Collection
Data Filter
& AnalysisResearch &
Intelligence
Actionable
InsightsBusiness
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
15
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Global pulse oximeter market. The team has analyzed the
outlook of various segments of this market, while considering the major influencing factors such as growing number of COVID19 cases, among others.
The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in
the Global pulse oximeter market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as companies, suppliers, distributors, market
influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 companies, 100 – 120 end users, 15 – 20 industry experts and other value chain stakeholders in the Global
pulse oximeter market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation
into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
16
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by product type, by sensor type, by end user, by region
and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across
various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further
triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares shares by product type, by sensor type, by end user, by region and by company were calculated based on the responses received
through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various
segments of pulse oximeter market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion
leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global pulse
oximeter market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
17
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research
also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It
should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the
United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ Medtronic Plc. (Covidien)
▪ GE Healthcare
▪ Koninklijke Philips N.V.
▪ Masimo corporation
▪ Becton, Dickinson, and Company (CareFusion
Corp.)
▪ CAS Medical Systems, Inc.
▪ Nihon Kohden Corporation
▪ Opto Circuits India Ltd.
▪ Nonin Medical, Inc.
▪ Welch Allyn, Inc.
▪ OSI Systems, Inc. (Spacelabs Healthcare)
▪ Omron Healthcare, Inc.
▪ Drägerwerk AG & Co. KGaA
▪ Hill Rom Holding Inc
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
18
Industry Brief
According to TechSci Research report, “Global Pulse Oximeter Market By Product Type (Fingertip v/s Handheld) By Sensor Type (Reusable v/s
Disposable) By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Homecare, Others) By Company By Region, Competition Forecast
& Opportunities, 2026”, the global pulse oximeter market is anticipated for an impressive boost in the upcoming five year, 2022-2026. The market
has shown a consistent growth with influential CAGR in past five years until 2019. Anticipated growth of the market stands on the backbone of
technological advancement and developments in the oximeter devices that drive the growth of the market. Pulse oximeters are actively used in
during surgery process when patient is under anesthesia and post-surgery processes to monitor the patient conditions. These are some of the
major factors that are supporting the global pulse oximeter market growth.
Global pulse oximeter market is segmented by product type, sensor type, end user, and regional distribution. Based on sensor type, the market is
further fragmented into reusable and disposable sensors. Reusable sensor types are often digitally enabled thereby creating a record storage for
the patients such that regular consultations with their doctors can be conducted fluidly. Disposable sensors in pulse oximeters are replaceable
and function on the detecting the infrared and red light absorption characteristics of hemoglobin.
Based on end user the market is categorized into hospitals & clinics, ambulatory surgery centers, homecare, and others. Home care segment is
anticipated to create a large share in the market owing to the fact that reimbursement of various post-surgery procedures isn’t feasible. Thus,
requiring patients to be home-cared. For the purpose of monitoring the post-surgery patient and out-patient, the oximeters allow proper care and
easy consultations with the concerned doctors, there by supporting the growth of the market.
The world was hit by the spread of COVID-19 virus in 2020, and it boomed the sales of pulse oximeters. Pulse oximeters monitor the oxygen
concentration in the blood by monitoring the amount of oxygen in the hemoglobin. The oxygen carrying hemoglobin interacts with the infrared
and red light that is emitted during the tests which is later sensed by the sensors thereby recording the results. COVID-19 ensured the common
population to own the device for their regular monitoring of increasing and decreasing SPO2 concentration in the blood which is a major symptom
for any COVID-19 infected patient, thus influencing a sudden jump in the growth of the market.
Some of the major competitors in the market are Medtronic Plc. (Covidien), GE Healthcare, Koninklijke Philips N.V., Masimo corporation, Becton,
Dickinson, and Company (CareFusion Corp.), CAS Medical Systems, Inc., Nihon Kohden Corporation, Opto Circuits India Ltd., Nonin Medical,
Inc., Welch Allyn, Inc., OSI Systems, Inc. (Spacelabs Healthcare), Omron Healthcare, Inc., Drägerwerk AG & Co. KGaA, Hill Rom Holding Inc,
among others. The companies are focusing on extensive research and developments activities to stay competitive in the market. Other
competitive strategies include formation of alliances and partnerships.
“North America have dominated the market in historical period and continue to do so in the next five years too, while Asia-Pacific region is
anticipated to be the fastest growing region on account of improving healthcare. Population in the region are gaining the awareness of the pulse
oximeter for the early symptom of COVID-19 thereby gaining the numbers in future five years. New investors are advised for the intelligent
investments,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
19
Sample Data - Snapshot
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2016 2020 2021E 2026F
By Value (USD Million)
Global Pulse Oximeter Market Size, By Value (USD Million), 2016–2026F
CAGR By Value
XX%CAGR By Value
YY%
North America Pulse Oximeter Market Share, By Product Type, By Value, 2016–2026F
70%
70%
70%
70%
70%
70%
70%
70%
70%
70%
70%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Fingertip Handheld
Canada Pulse Oximeter Market Share, By End User, By Value, 2016–2026F
25%25%25%25%25%25%25%25%25%25%25%
25%25%25%25%25%25%25%25%25%25%25%
25%25%25%25%25%25%25%25%25%25%25%
25%25%25%25%25%25%25%25%25%25%25%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Hospitals & Clinics Ambulatory Surgery Centers Homecare Others
20
Report Ordering
Report Name: GLOBAL PULSE OXIMETER MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
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