Pulse oximetry market to grow by USD 1,139.54 M from 2022-27

The pulse oximetry market size is expected to grow by USD 1,139.54 million from 2022 to 2027, progressing at a CAGR of 8.27% as per the latest Technavio market research report. North America will account for 42% of the market’s overall growth. The growth of the regional market can be attributed to factors such as the high prevalence of respiratory disorders and chronic diseases, increasing the number of surgeries, the presence of skilled physicians, and advances in healthcare infrastructure. Furthermore, there is also a rising case of mortality rate due to respiratory disorders and cardiovascular diseases (CVDs) over the years, resulting in early diagnosis and prevention. Hence, due to such factors, the pulse oximetry market will grow in the North American region during the forecast period.

Pulse oximetry market: Increasing prevalence of chronic respiratory diseases to drive growth

• Theincreasing 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.

Some of the key pulse oximetry market players:
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. Technavio