The North America Pulse Oximeter Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,907.4 thousand units, showcasing a growth of 17.2% (2019-2022).
Pulse oximeters with smart connectivity features have become increasingly prevalent. Bluetooth-enabled devices allow users to sync data with smartphones or tablets, facilitating easy tracking and sharing of respiratory health information. Cloud-based storage ensures accessibility to historical data for both individuals and healthcare professionals. A growing focus is on developing the oximeters specifically designed for paediatric use. These devices consider the unique needs of infants and children, including smaller sensor sizes and enhanced accuracy for this demographic.
One of the notable advancements in pulse oximetry technology is the development of smaller and more portable devices. Traditional oximeters were often bulky and restricted to clinical environments. However, advancements in miniaturization have led to the creation of compact, handheld, and fingertip pulse oximeters. These portable devices empower individuals to monitor their oxygen saturation levels conveniently at home or on the go, contributing to the democratization of healthcare.
As per the data from Statistics Canada, in 2021, 6% of households (921,700) reported using formal home care during the past year. In 2021, a larger proportion of households (10%) received formal home care in neighbourhoods with a greater relative proportion of residents aged 65 and older. Thus, rising COPD cases and the adoption of home healthcare in North America will boost the demand for pulse oximeters in the region.
The US market dominated the North America Pulse Oximeter Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $825.2 Million by 2030. The Canada market is exhibiting a CAGR of 7.9% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7% during (2023 - 2030).
Based on End User, the market is segmented into Hospitals & Clinics, Homecare and Others. Based on Type, the market is segmented into Fingertip, Handheld, Wrist worn, Bedside, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Pulse Oximeter Market is Predict to reach $3.4 Billion by 2030, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hill-Rom Holdings, Inc. (Welch Allyn) (Baxter International, Inc.), GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Nonin Medical, Inc., ICU Medical, Inc. (Smiths Medical), Medtronic PLC, OSI Systems, Inc. (Spacelabs Healthcare), Nihon Kohden Corporation, Meditech Equipment Co.,Ltd (Meditech Group), and Honeywell International, Inc.
By End User (Volume, Thousand Units, USD billion, 2019-2030)
By Type (Volume, Thousand Units, USD billion, 2019-2030)
By Country (Volume, Thousand Units, USD billion, 2019-2030)
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