Published on: May 2022
Uncovering the market projections for Held Pulse Oximeters
Over the projection period, new product availability and high unmet needs in developing and least-developed nations are expected to drive market expansion. Pulse oximetry is now required for newborn screening in 43 states in the United States, and it is gaining popularity in other countries because of its uses in the diagnosis of Congenital Heart Defects (CHD) and other heart and respiratory disorders.
Will there be a rise in the market share of Held Pulse Oximeters?
Over the projected period, a prominent market driver is expected to be the rising prevalence of target illnesses such as diabetes, asthma, hypertension, cardiac arrhythmia, hyperlipidemia, ischemic conditions, sleep apnea, and COPD. According to the World Health Organisation, over 64 million people worldwide suffer from COPD, with approximately 90% of COPD-related deaths happening in low- and middle-income countries.
Impact pf covid-19 on Held Pulse Oximeters
Pulse oximeters of high quality are essential for the early diagnosis and treatment of COVID-19 patients. During this time, the manufacturing and supply chains for pulse oximeters are projected to have issues, as most companies are operating at half capacity. Furthermore, trade restrictions in the most affected countries are projected to stymie product distribution. However, since COVID-19 cases continue to rise at an exponential rate, manufacturers are attempting to assure an adequate supply of fingertip and handheld pulse oximeters to countries in desperate need.
More revenue for Held Pulse Oximeters market retailers in the upcoming years
In 2020, the pulse oximeter market was dominated by the handheld category, which accounted for 38.9% of total revenue. The fact that these oximeters are simple to use in case of an emergency is driving the industry. The degree of oxygen saturation in a patient's blood can have a significant impact on the treatment's outcome. Over the projection period, an increase in the number of stroke patients and procedures is expected to promote market growth.
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