Fingertip oximeter segment to dominate the United States Pulse Oximeters Market
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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