Global Pulse Oximeter Market is Set to Reach USD 1,913.2 million by 2024

The global pulse oximeter market is expected to grow at a CAGR of 7.6% during the forecast period with its market size predicted to reach USD 1,913.2 million by 2024. Globally, pulse oximeter industry players are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.

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Based on end user, the global pulse oximeter market is segmented into hospitals, clinics & healthcare facilities, home care, diagnostic centers. Amongst these segments, hospital category held the largest share in the market in 2018, and is also expected to be the fastest growing category in the market during the forecast period.

The pulse oximeter market in North America is estimated to hold largest revenue throughout the estimated period due to easy accessibility of these devices in the region along with extensive occurrence of pulmonary disorders amongst the patients in this region.

Some of the key players operating in the global Pulse oximeter market are General Electric Company, Masimo Corporation, Edwards Lifesciences Corporation, Nihon Kohden Corporation, Medtronic PLC, Koniklijke Philips N.V., Smiths Medical Inc., Spacelabs Healthcare Inc., Opto Circuits Limited, Drägerwerk AG & Co. KGaA, Halma PLC, and Contec Medical System Co. Ltd.

Source: VynZ Research