Pulse Oximeters Market Rising in United States | Fortune Business Insights
The global pulse oximeters market is likely to grow in the coming years due to increasing usage clearances from the Food and Drug Administration (FDA). According to a report published by Fortune Business Insights, titled “Pulse Oximeters: Global Market Analysis, Insights and Forecast, 2018-2025,” the market is likely to reach US$ 2,657.6 Mn by the end of 2025. Fortune Business Insights states that the market was valued at US$ 1,587.3 Mn in 2017 and will exhibit a CAGR of 6.7% in the forecast period.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/pulse-oximeters-market-100528
Rising COVID-19
Cases to Increment Market Growth During Ongoing Pandemic due to Increasing
Demand
The COVID-19 pandemic bought a positive impact on the market
due to an increased adoption rate of fingertip pulse oximeters and a rising
number of favorable government regulations. Additionally, a decline in
in-person visits triggered rising usage in-home healthcare settings, leading to
significant growth in the market. The rising number of patients suffering from
oxygen saturation further contributed to the growth of the market.
A global leader in the market, Masimo, reported a 22%
increase in revenue in 2020 when their revenue stood at USD 1,143.7 million.
The organization achieved this feat by expanding on its consumer base by
introducing its core SET pulse oximeter. The rising number of cases further led
players to ramp up production to meet the surge in demand. In April 2021,
Konica Minolta Inc. collaborated with Seki Aoi Techno Co., Ltd. to increase its
production capacity by 20 times than the previous year.
Zynex Announces
Acquiring Kestrel Labs
Zynex announced they acquired 100% of Kestrel Labs in order
to expand their footprint in patient monitoring. The
acquisition was valued at USD 31.0 million in cash and a common stock
combination. Kestrel Labs patented NiCO CO-Oximeter laser-based
photoplethysmography has the ability to identify, measure, and regulate four
critical species of HB, which include 02Hb, RHb, COHb, and mehHB.
Additionally, Kestrel Lab’s technology possesses attributes to measure 02Hb regardless of skin pigmentation and acquiring COHb with unmatched accuracy. Zynex seeks to expand its portfolio with laser-based pulse oximeters with their existing non-invasive blood, fluid, and sepsis monitors.
Masimo’s Approval for Radius PPG to Trigger Growth
In 2019, Masimo received clearance for its
latest pulse oximeter. The ‘Radius PPG’ was approved by the FDA after
establishing efficient results through clinical trials. The Radius PPG
represents a significant breakthrough in the healthcare industry, particularly
for the diagnosis and study of oxygen levels in the blood. The wireless ability
allows users to move freely even when they are being examined with the device.
Masimo’s wireless oximeter has gained huge popularity owing to its wireless
functions and it is likely that the global pulse oximeters market will benefit
from the subsequently rising demand for the Radius PPG. Radius’ ability to display
blood oxygen values on external third party display devices, in addition to
Masimo’s inbred host display devices are likely to boost the growth of the
global market.
Quick Buy - Pulse Oximeters Market
Research Report:
https://www.fortunebusinessinsights.com/checkout-page/100528
About Us:
Fortune Business Insights™ delivers accurate data and innovative
corporate analysis, helping organizations of all sizes make appropriate
decisions. We tailor novel solutions for our clients, assisting them to address
various challenges distinct to their businesses. Our aim is to empower them
with holistic market intelligence, providing a granular overview of the market
they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Comments
Post a Comment