A newly-released Pulse Oximeter Market analysis report by Future Market Insights shows that global sales of the Pulse Oximeter Market in 2021 were held at USD 2.3 billion. With a 7.6% CAGR from 2022 to 2032, the market is projected to reach a valuation of USD 5.1 billion by 2032.
The Handheld Pulse Oximeter Market type is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 8.4% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Pulse Oximeter Pulse Oximeter Market Size (2022) | USD 2.5 billion |
| Global Pulse Oximeter Pulse Oximeter Market Size (2032) | USD 5.1 billion |
| Global Pulse Oximeter Pulse Oximeter Market CAGR (2022 to 2032) | 7.6% |
| The USA Pulse Oximeter Pulse Oximeter Market CAGR (2022 to 2032) | 7.6% |
| Key Companies Covered | Medtronic plc; Carefusion Corp; GE Healthcare; Philips Healthcare; Masimo; CAS Medical Systems, Inc; Opto Circuits India Ltd.; Nonin Medical, Inc.; Meditech Equipment Co.; Welch Allyn |
As per the Global Pulse Oximeter Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Pulse Oximeter Market increased at around 7.4% CAGR.
The key revenue drivers which affected the Pulse Oximeter Market are the prevalence of chronic diseases and the advent of the coronavirus enhanced the market's demand for pulse oximeters.
The rising prevalence of specific disorders like asthma, hyperlipidemia, high blood pressure, diabetes, ischemic conditions, cardiac arrhythmia, sleep apnea, and COPD is expected to further drive the market. The WHO estimates that 64 million people globally suffer from COPD and that 90% of COPD deaths take place in low- and middle-income nations.
The rise in chronic diseases such as cancer (currently there are more than 200 types of cancer in the world), diabetes, heart disease, and other diseases, is expected to drive the adoption of the pulse oximeter market. Globally, chronic illness and disease are on the rise.
The growing number of elderly individuals, as well as changes in social behavior, are contributing to the rise in these common and chronic health issues.
The middle-class population is expanding, and as the city expands, people’s lives expand at the same rate. Obesity and disorders like diabetes are becoming more likely as a result. Chronic disease prevalence climbed by 57% by 2020, according to the World Health Organization. Chronic sickness has resulted in an increase in demand for Pulse Oximeter Market.
The key factor which is propelling the market is the rising numbers of the geriatric population which eventually increases the chronic disease numbers. The rising prevalence of the target disorders and growing awareness of the uses of pulse oximeters in Covid-19 management are anticipated to fuel market expansion.
As a result of Covid-19, respiratory monitoring is currently receiving more attention, and self-monitoring is being replaced by pulse oximeters. Additionally, the rising demand for patient monitoring in non-hospital settings due to an increase in surgical procedures and potential opportunities for site care is anticipated to offer market players significant growth opportunities over the course of the forecast period.
With the rise in Covid-19 cases, respiratory and remote monitoring are currently receiving more attention. Over the following two years, it is anticipated that this will further encourage market expansion.
During the anticipated period, the market expansion is anticipated to be aided by the availability of new goods and the rising demands of emerging and undeveloped economies. Pulse oximetry is made mandatory for newborn screenings in around 43 states in the USA, and it is used to diagnose congenital heart disease (CHD) and other cardiovascular and respiratory diseases.
Among the most prevalent respiratory conditions worldwide are pneumonia, asthma, and chronic obstructive pulmonary disease (COPD). Low blood oxygen levels result from respiratory tract obstructions in COPD, asthma, and pneumonia, which make it challenging to exhale and exhale the lungs.
Due to rising tobacco use and an aging population, the prevalence of COPD is anticipated to rise in the upcoming years. The incidence of COPD rises with age, especially in persons over the age of 45, according to the Australian Institute of Health and Welfare (AIHW).
The mortality rate of COPD patients can be decreased with routine blood level monitoring. Additionally, pneumonia and acute respiratory distress syndrome (ARDS) are both directly related to COVID-19.
Pulse Oximeter helps in monitoring oxygen saturation over time, warning of dangerously low oxygen levels, especially in newborns, providing reassurance to those with long-term respiratory or cardiovascular conditions, determining the need for supplemental oxygen, checking oxygen saturation levels in anesthetized patients, and alerting the potentially harmful side effects in those taking medications that affect oxygen saturation or breathing.
A new home sleep apnea (HSAT) technology called WatchPAT uses a peripheral arterial signal (PAT) to identify the condition. It utilizes three contact points to measure seven channels, including the PAT signal, heart rate, oximetry, actigraphy, posture, snoring, and chest movements.
After the research, raw data is retrieved in less than a minute and evaluated automatically to detect all varieties of apnea situations. AHI, AHic, RDI, and ODI are provided by WatchPAT based on Real Time Sleep and Sleep stages. The Home Sleep Test (HST) by WatchPAT has been clinically verified and has an 89% correlation with PSG1. The 2017 AASM Clinical Practice Guidelines recognize the PAT signal as technically adequate and include it.
During the projection period, North America is expected to be the largest market. In terms of market share for pulse oximeters by 2020, the growth in the number of persons with impairments in the upcoming years and the ensuing rise in respiratory disorders accounted for a sizable portion of the North American market.
The availability of sophisticated healthcare infrastructure in the USA and Canada, as well as technological advancements in pulse oximeters significantly contribute to the expansion of the market in the area. The growth in market share of the region is also attributed to the well-developed infrastructure, adoption of pulse oximeters in households, rising incidence of chronic diseases and heart patients, and increase in healthcare spending.
The United States is expected to account for the highest market of USD 2.2 billion by the end of 2032. It is expected to be projected to have an absolute dollar growth of USD 1.1 billion.
This is due to several factors such as an increase in the incidence of Chronic Diseases, increasing Covid-19 cases in the country, an increase in the geriatric population, and due to developed healthcare facilities. Around 43 states in the country have made it mandatory to use a pulse oximeter.
The USA also has some of the key players in the market, which include Welch Allyn, Nonin medical, CAS Medical System Inc, Masimo, GE Healthcare, and Medtronic Plc.
The market in The United Kingdom is expected to reach a valuation of USD 234 million by 2032. With a CAGR of 9.2% from 2022 to 2032, the market is projected to grow at an absolute dollar opportunity of USD 135 million.
The market in Japan is expected to reach a valuation of USD 167 million by 2032. With a CAGR of 9.4% from 2022 to 2032, the market is projected to grow at an absolute dollar opportunity of USD 98.5 million.
The market in South Korea is expected to reach a valuation of USD 90 million by 2032. With a CAGR of 8.6% from 2022 to 2032, the market is projected to grow at an absolute dollar opportunity of USD 50.5 million.
Market revenue through hospitals & other healthcare facility of the market is forecasted to grow at a CAGR of over 7.7% during 2022 to 32. Due to a growth in operations and emergency room visits, hospitals and other types of healthcare facilities held a commanding 82% market share for pulse oximeters by 2020.
For instance, a World Health Organization (WHO) survey found that more than 262 million people developed asthma in 2019 and that an estimated 4,61,000 individuals died as a result of medicines or subpar care.
In order to continuously monitor the health of asthma patients, various nations are stressing the development of sophisticated pulse oximeters and spO2 monitoring devices in hospitals. One of the factors driving the adoption of pulse oximeters in hospitals is the expansion of patient options for quality care and accessibility in hospitals and clinics.
The availability of a variety of treatment choices, such as table-top or bedside pulse oximeters, increases patient acceptance and fuels market expansion.
Hospitals also place a strong emphasis on giving the patient's family thorough training so they can use various pulse oximeters for routine check-ups. The business environment has also been substantially improved by the increased acceptance and release of low-cost, simple-to-use pulse oximeters for use in hospitals.
The key companies in Pulse Oximeter Market are focused on alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their market share. Some of the recent developments of key Neural Implants providers are as follows:
Similarly, recent developments related to companies in Pulse Oximeter Market have been tracked by the team at Future Market Insights, which are available in the full report.
Table 1: Global Market Value (US$ million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Type, 2017 to 2032
Table 5: Global Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by End-use, 2017 to 2032
Table 7: North America Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 11: North America Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by End-use, 2017 to 2032
Table 13: Latin America Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 16: Latin America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 17: Latin America Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by End-use, 2017 to 2032
Table 19: Europe Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 22: Europe Market Volume (Units) Forecast by Type, 2017 to 2032
Table 23: Europe Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 24: Europe Market Volume (Units) Forecast by End-use, 2017 to 2032
Table 25: East Asia Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 26: East Asia Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: East Asia Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 28: East Asia Market Volume (Units) Forecast by Type, 2017 to 2032
Table 29: East Asia Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 30: East Asia Market Volume (Units) Forecast by End-use, 2017 to 2032
Table 31: South Asia Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 32: South Asia Market Volume (Units) Forecast by Country, 2017 to 2032
Table 33: South Asia Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 34: South Asia Market Volume (Units) Forecast by Type, 2017 to 2032
Table 35: South Asia Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 36: South Asia Market Volume (Units) Forecast by End-use, 2017 to 2032
Table 37: Oceania Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 38: Oceania Market Volume (Units) Forecast by Country, 2017 to 2032
Table 39: Oceania Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 40: Oceania Market Volume (Units) Forecast by Type, 2017 to 2032
Table 41: Oceania Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 42: Oceania Market Volume (Units) Forecast by End-use, 2017 to 2032
Table 43: MEA Market Value (US$ million) Forecast by Country, 2017 to 2032
Table 44: MEA Market Volume (Units) Forecast by Country, 2017 to 2032
Table 45: MEA Market Value (US$ million) Forecast by Type, 2017 to 2032
Table 46: MEA Market Volume (Units) Forecast by Type, 2017 to 2032
Table 47: MEA Market Value (US$ million) Forecast by End-use, 2017 to 2032
Table 48: MEA Market Volume (Units) Forecast by End-use, 2017 to 2032
Figure 1: Global Market Value (US$ million) by Type, 2022 to 2032
Figure 2: Global Market Value (US$ million) by End-use, 2022 to 2032
Figure 3: Global Market Value (US$ million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 9: Global Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 12: Global Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 13: Global Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 16: Global Market Attractiveness by Type, 2022 to 2032
Figure 17: Global Market Attractiveness by End-use, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ million) by Type, 2022 to 2032
Figure 20: North America Market Value (US$ million) by End-use, 2022 to 2032
Figure 21: North America Market Value (US$ million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 27: North America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 30: North America Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 31: North America Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 34: North America Market Attractiveness by Type, 2022 to 2032
Figure 35: North America Market Attractiveness by End-use, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ million) by Type, 2022 to 2032
Figure 38: Latin America Market Value (US$ million) by End-use, 2022 to 2032
Figure 39: Latin America Market Value (US$ million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 45: Latin America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 48: Latin America Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 49: Latin America Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 53: Latin America Market Attractiveness by End-use, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ million) by Type, 2022 to 2032
Figure 56: Europe Market Value (US$ million) by End-use, 2022 to 2032
Figure 57: Europe Market Value (US$ million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 63: Europe Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 66: Europe Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 67: Europe Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 70: Europe Market Attractiveness by Type, 2022 to 2032
Figure 71: Europe Market Attractiveness by End-use, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: East Asia Market Value (US$ million) by Type, 2022 to 2032
Figure 74: East Asia Market Value (US$ million) by End-use, 2022 to 2032
Figure 75: East Asia Market Value (US$ million) by Country, 2022 to 2032
Figure 76: East Asia Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 77: East Asia Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: East Asia Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 81: East Asia Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 84: East Asia Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 85: East Asia Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 88: East Asia Market Attractiveness by Type, 2022 to 2032
Figure 89: East Asia Market Attractiveness by End-use, 2022 to 2032
Figure 90: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 91: South Asia Market Value (US$ million) by Type, 2022 to 2032
Figure 92: South Asia Market Value (US$ million) by End-use, 2022 to 2032
Figure 93: South Asia Market Value (US$ million) by Country, 2022 to 2032
Figure 94: South Asia Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 95: South Asia Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: South Asia Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 99: South Asia Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 102: South Asia Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 103: South Asia Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 104: South Asia Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 106: South Asia Market Attractiveness by Type, 2022 to 2032
Figure 107: South Asia Market Attractiveness by End-use, 2022 to 2032
Figure 108: South Asia Market Attractiveness by Country, 2022 to 2032
Figure 109: Oceania Market Value (US$ million) by Type, 2022 to 2032
Figure 110: Oceania Market Value (US$ million) by End-use, 2022 to 2032
Figure 111: Oceania Market Value (US$ million) by Country, 2022 to 2032
Figure 112: Oceania Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 113: Oceania Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 116: Oceania Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 117: Oceania Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 120: Oceania Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 121: Oceania Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 122: Oceania Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 124: Oceania Market Attractiveness by Type, 2022 to 2032
Figure 125: Oceania Market Attractiveness by End-use, 2022 to 2032
Figure 126: Oceania Market Attractiveness by Country, 2022 to 2032
Figure 127: MEA Market Value (US$ million) by Type, 2022 to 2032
Figure 128: MEA Market Value (US$ million) by End-use, 2022 to 2032
Figure 129: MEA Market Value (US$ million) by Country, 2022 to 2032
Figure 130: MEA Market Value (US$ million) Analysis by Country, 2017 to 2032
Figure 131: MEA Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 134: MEA Market Value (US$ million) Analysis by Type, 2017 to 2032
Figure 135: MEA Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 136: MEA Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 138: MEA Market Value (US$ million) Analysis by End-use, 2017 to 2032
Figure 139: MEA Market Volume (Units) Analysis by End-use, 2017 to 2032
Figure 140: MEA Market Value Share (%) and BPS Analysis by End-use, 2022 to 2032
Figure 141: MEA Market Y-o-Y Growth (%) Projections by End-use, 2022 to 2032
Figure 142: MEA Market Attractiveness by Type, 2022 to 2032
Figure 143: MEA Market Attractiveness by End-use, 2022 to 2032
Figure 144: MEA Market Attractiveness by Country, 2022 to 2032
The global Pulse Oximeter Market is worth more than USD 2.5 billion at present.
The value of the Pulse Oximeter Market is projected to increase at a CAGR of around 7.6% from 2022 to 2032.
The value of the Pulse Oximeter Market increased at a CAGR of around 7.4% from 2017 to 2021.
The global demand for Pulse Oximeter Market is being fueled by an increase in awareness of people due to Covid-19, aging populations and due to the increase of chronic diseases Globally.
The growth of the market for Pulse Oximeter in China is projected to expand at a CAGR of around 9.6% from 2022 to 2032.
The growth of the market for Pulse Oximeter in the United States is projected to expand at a CAGR of around 7.6% from 2022 to 2032.
While the market in South Korea is expected to grow at nearly 8.6%, the market in Japan is projected to register a CAGR of nearly 9.4% from 2022 to 2032.
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