Pulse Oximeters Market to Exceed US$575 Million by 2015, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on the Pulse Oximeters markets. The global market for Pulse Oximeters is projected to reach US$575 million by year 2015. Key factors driving the market include growing penetration in alternate care market, introduction and adoption of low perfusion, motion-tolerant technology, increasing usage in general care apart from critical care settings, increased awareness, and growth in developing markets of Asia-Pacific and Latin America.
San Jose, California (Vocus) October 22, 2010
Pulse oximetry has emerged as an established standard for measuring vital signs of patients as the technology provides early warning for hypoxemia, a condition that signifies low arterial blood oxygen saturation levels that can prove fatal or result in brain damage. Despite the global credit crunch, pulse oximeter market continued its growth, with the momentum suffering a minor dip during 2008-2009. However, the market is poised to pick up pace in near term buoyed by factors such as growing penetration in the alternate care market, introduction and adoption of new advanced technologies, increasing usage of the device in general care settings, rising proportion of the elderly, increased awareness, and enhancement in healthcare workers efficiency through the adoption of improved and reliable detection algorithms. Introduction of pulse oximeters with advanced facilities is likely to accelerate the adoption of these devices in non-critical settings, thereby opening new avenues for potential market. Pulse Oximeters are also proving to be effective in the discovery of duct-dependent congenital heart diseases in infants.
The US and Europe represents leading pulse oximeters markets, as stated in the new market research report on Pulse Oximeters. Driven by growing affluence coupled with increased awareness about diseases and remedies, Asia-Pacific is projected to be the fastest growing regional market for pulse oximeters at CAGR of more than 7.0% over the analysis period. Within the Pulse Oximeter market, Multiparameter Units represents the larger product segment in terms of value sales. Hospitals form the largest end use segment for pulse oximeters. Alternate care pulse oximeters are popular in developed markets including the US and Western Europe. Demand for alternate care services is primarily driven by the enhancement in pharmaceuticals and treatment plans that have reduced hospital admissions and increased the frequency of visits to emergency rooms and outpatient facilities.
Introduction of motion-tolerant and low-perfusion technologies has intensified competition amongst providers of pulse oximetry sensors. The market is highly consolidated, with Masimo Corporation and Covidien dominating the global pulse oximeter market. Other prominent players in the market include Carefusion Corporation, GE Healthcare, CAS Medical Systems Inc., Nihon-Kohden Corp, Nonin Medical, Inc., Criticare Systems, Inc., Philips Healthcare, Spacelabs Healthcare, Inc. among others.
The report titled “Pulse Oximeters: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., analyzes the market across two major segments, namely Stand-Alone Devices (Bedside Devices and Handheld Devices), and Multiparameter Units. The study also analyzes pulse oximeters market by end-use segment for Hospital Care (Stand-Alone Device and Multiparameter Units), and Alternate Care (Stand-Alone Device and Multiparameter Units). The report covers major market dynamics, trends, and competition pertaining to the Pulse Oximeters market. The report enumerates recent product launches, mergers, acquisitions and other strategic industry activity. Analysis is presented for established and emerging markets including United States, Japan, Europe (France, Germany, United Kingdom, Italy) Asia-Pacific, and Latin America.
For more details about this comprehensive market research report, please visit –
Http://www. strategyr. com/Pulse_Oximeters_Market_Report. asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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