Pulse Oximeter Market Size, Share, Trends, Growth, Analysis and Forecast to
The global pulse oximeter market size was valued at USD 2.3 billion in 2020 and is expected to
expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. Rising awareness
regarding applications of pulse oximeters in COVID-19 management and the increasing prevalence
of target diseases is expected to drive the growth of the market.
The growing prevalence of target diseases such as asthma, hyperlipidemia, hypertension, diabetes,
ischemic conditions, cardiac arrhythmia, sleep apnea, and COPD is expected to be a major market
driver over the forecast period. According to the WHO, around 64 million patients are currently
living with COPD worldwide with approximately 90% of deaths due to COPD occurring in low- and
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High-quality pulse oximeters are critical for the early diagnosis and treatment of patients with
COVID-19. The manufacturing and supply chains of pulse oximeters are expected to witness
challenges during this period, as most of the companies are working at half their production
capacities. Furthermore, trade restrictions across highly impacted countries are expected to limit the
timely distribution of products.
Key Player Mentioned:
CAS Medical Systems, Inc.
Opto Circuits India Ltd.
Nonin Medical, Inc.
Product Segment Analysis:
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and
Access Press Release: https://www.grandviewresearch.com/press-release/global-pulse-oximeters-market
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