Pulse oximetry market to grow by USD 1.13B from 2022-27

The pulse oximetry market size is expected to grow by USD 1.13 billion from 2022 to 2027, progressing at a CAGR of 8.27% as per the latest Technavio market research report. The increasing prevalence of chronic respiratory diseases drives the growth of the pulse oximetry market. Pulse oximetry is used for a wide range of applications including various indications, such as endotracheal intubation, cardiac arrest, procedural sedation, asthma/chronic obstructive pulmonary disease (COPD), respiratory complaints, acute respiratory distress syndrome (ARDS), sleep disorders/sleep apnea, and shunts in cyanotic heart disease. Furthermore, COPD is the third-leading cause of death worldwide and caused over 3.2 million deaths globally in 2022. Hence, owing to such factors, the pulse oximetry market will grow during the forecast period. For more insights on the market share of various regions –

Pulse oximetry market: Increasing online marketing strategies by market vendors
The pulse oximetry market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. American Diagnostic Corp., Baxter International Inc., Contec Medical Systems Co. Ltd., Dragerwerk AG and Co. KGaA, General Electric Co., Halma Plc, Heal Force Biomeditech Holdings Ltd., ICU Medical Inc., Konica Minolta Inc., Koninklijke Philips NV, Lepu Medical Technology Beijing Co. Ltd., Masimo Corp., Medical Information Technology Inc., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd., Nihon Kohden Corp., Nonin Medical Inc., OMRON Corp., SCHILLER AG, and Vyaire Medical Inc.

The increasing online marketing strategies by market vendors is an emerging pulse oximetry market trend.

Owing to the increasing preference for home care settings, there is a shift in the marketing strategies adopted by vendors for pulse oximeters.

Various market vendors innovate new ways to market pulse oximeters to increase their market presence via online marketing activities to achieve more product sales.

Hence, due to such trends, the pulse oximetry market will grow during the forecast period. Technavio