Home Pulse Oximeter Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global home pulse oximeter market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). A home pulse oximeter is a non-invasive device used to monitor a person’s oxygen and in its normal operating mode, the sensor device is placed on a small part of the patient’s body, usually, a finger or ear in adults, and in the case of children is placed across the foot. The high prevalence of diseases that require continuous monitoring is expected to drive the growth of the home pulse oximeter market. Furthermore, home pulse oximeter market growth is also driven by technological advancements in oximeters.

The increasing demand for home pulse oximeters is mainly linked to their characteristics such as portability, connectivity, compact size and easy for users. For instance, in February, 2021, Medtronic Plc announced that a recent study conducted by the company showed a rise in the results of the Nellcor pulse oximeter against Masimo technology. Where, Masimo, in March 2021, obtained a CE mark from a rugged handheld device called Rad-G, a 2-in-1 device for pulse oximetry and temperature measurement. Such technological advancements in the new products increased the growth of the home pulse oximeter market.

In addition, during the COVID-19, rising costs of health care, especially in hospital settings, have shifted the focus of other medical care, such as home-based care. Therefore has ensured the growing demand for home appliances such as pulse oximeters and the major factors driving the need for home health care include rapid global population growth, the spread of pandemic time, and the availability of highly cost-effective home care devices and services compared to hospital-based care and the need to constantly monitor blood oxygen levels in COVID-19 patients has checked their pulses at home, increased the need for pulse oximeters in the home its increased the home pulse market growth.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Product
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-CAS Medical Systems Inc., Covidien Plc, Nihon-Koden Co., Nonin Medical Inc., Opto Circuits Ltd., Criticare Systems Inc., and Mediaid Inc.,among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Home Pulse Oximeter Market Report by Segment

By Type

• Fingertip Pulse Oximeter
• Handheld Oximeter
• Fetal Pulse Oximeter
• Other

By End-Users

• Hospital
• Home Care

By Product

• Equipment
• Sensor