London, 18 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Pulse Oximetry Market 2015-2019, which is expected to post a CAGR of 5.34 percent during the period 2014-2019.
Pulse oximeters are an integral part of the Healthcare sector for determining SpO2, the “fifth vital sign” that determines the status of a person’s overall health. The Global Pulse Oximetry market is gradually maturing in developed countries such as the US. However, a huge opportunity exists for the market in the APAC region to grow during the forecast period. The development of home healthcare devices with multi-parameter monitoring abilities has significantly driven the market over the past few years.
“The use of pulse oximetry to screen newborn babies for CCHDs and innovative marketing strategies such as online marketing of products through retailers such as Amazon, Walgreens, and other distribution channels by vendors are expected to boost the growth of the market,” says Faisal Ghaus, Vice President of TechNavio.
“Moreover, the APAC region is expected to increase its contribution to the market and grow at a rapid pace during the forecast period because of the improving healthcare infrastructure and the growing public awareness about pulse oximetry.”
Key Market Drivers
- Increase in Patient Population
- Adoption of Home Healthcare Devices
- Advances in Technology
- Increase in Public Awareness Programs
Key Market Trends
- Pulse Oximetry Screening for CCHDs
- Increase in Online Marketing Strategies
- Increase in Use of Disposable Sensors
- Increase in Adoption of Multi-parameter Devices
Key Market Vendors
- Covidien plc
- Masimo Corp.
- Nonin Medical Inc.
- Smiths Medical
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
