Pulse Oximeters Market Growth Opportunity, Industry Outlook, Top International Players Forecast till 2025
The Global Pulse Oximeters Market is likely to grow in the coming years due to recent advances in molecular data that has contributed to genome sequencing. According to a report published by Fortune Business Insights, titled “Pulse Oximeters Market: Global Market Analysis, Insights and Forecast, 2017 to 2025,” the market will be valued at US$ 2,657.6 Mn by the end of 2025.
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Fortune Business Insights states that the market was valued at US$ 1,587.3 Mn in 2017 and is likely to exhibit a CAGR of 6.7% in the forecast period.
Some of the Main Key Players Covered in the Report
- Omron Healthcare, Inc.
- Philips Benelux
- General Electric Manufacturing Company (GEMAC)
- Masimo
- Messe Düsseldorf GmbH
- Vyaire Medical
- Opto Circuits India Ltd.
- Medtronic
- Nonin Medical, Inc.
Recent discoveries in pharmaceuticals and drug delivery methods have boosted the global Pulse Oximeters Market. Increasing FDA approvals for drug used for manufacturing pharmaceuticals are likely to favor the growth of the global Pulse Oximeters Market. Besides this, advancements in drug delivery system have led to an increase in demand for related pharmaceuticals.
Major Segmentation:
Furthermore, increasing focus on research and development of newer pharmaceuticals by leading healthcare companies is likely to boost the market in the forthcoming years. Fortune Business Insights has stated that the Pulse Oximeters Market in North America will emerge in the forecast period.
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Regional Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Having said that North America is likely to expand with the highest CAGR, due to an increasing patient pool and favorable reimbursement policies in this region, in the forecast period.
The report provides detailed market analysis and exclusive insights for the global Pulse Oximeters Market. Fortune Business Insights segments the market based on various factors in this report. Besides this, Fortune Business Insights has labeled out leading market players.
Masimo and Mindray Announce Partnership to Extend Sales Outside the US
In May 2019, Masimo and Shenzhen Mindray Biomedical Electronics announced that they have reached an agreement to extend the distribution of Masimo’s devices. Through this agreement, Mindray will offer sales and distribution options in countries other than the United States. The increasing demand for Masimo’s wrist-worn pulse oximeters has triggered this agreement, which in turn is likely to favor growth of the global market in the forthcoming years.
The report profiles several companies operating in the market and studies their growth strategies with regards to product launches and strategic collaborations. This is intended at evaluating the impact of these strategies on the overall market.
In the report, Fortune Business Insights has profiled a few companies that are operating in the global pulse oximeter market. Some of the leading companies that have been identified as significant growth contributors are GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V, Masimo, Messe Düsseldorf GmbH, VYAIRE, Opto Circuits (India) Limited, Medtronic, Omron Healthcare, Inc., Nonin, and B Smiths Group plc.
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