LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global pulse oximetry market is expected to accelerate at a CAGR of almost 6% during the forecast period. The increasing prevalence of chronic respiratory diseases and rising number of surgeries is one of the key factors triggering the growth of the market.
This research report titled ‘Global Pulse Oximetry Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global pulse oximetry market into the following products:
- Bedside/desktop pulse oximeters
- Handheld pulse oximeters
In 2017, the beside/desktop pulse oximeters accounted for 54% of the global market and is projected to decline to 53% by 2022, exhibiting 1% decrease in market share.
Global pulse oximetry market: Top emerging trend
Initiative to increase access to pulse oximetry is an emerging trend in the pulse oximetry space. Many public and private organizations have launched initiatives to improve access to low-cost, accurate pulse oximetry. For instance, the LifeBox Project aims to equip the world’s operating theaters with pulse oximeters. For which they have developed a low-cost pulse oximeter that meets the US FDA accuracy standards, provided along with an adult probe, a pediatric probe, a rechargeable battery, training materials, courier delivery to anywhere in the world, and a 2-year warranty.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Pulse Oximetry Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (bedside/desktop pulse oximeters, handheld pulse oximeters, fingertip pulse oximeters, and wrist-worn pulse oximeters)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (GE Healthcare, Koninklijke Philips, Masimo, Medtronic, Smiths Medical, and Schiller)
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