Patient Monitoring Devices are used to observe, measure, and record vital signs in patients. A Pulse Oximeter System is a photoelectric instrument that measures oxygen saturation of blood non-invasively and continuously. GlobalData uses proprietary data and analytics to provide a comprehensive report on the pulse oximeter systems market in the US. Buy the latest report here.
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In 2023, GlobalData’s Market Model methodology determined that the leading player in the pulse oximeter systems market in the US was Masimo followed by Innovo Medical, Nonin Medical, ICU Medical, Philips Respironics, Medtronic, GIMA, GE Healthcare Technologies, Medline Industries, Rossmax International, Drive DeVilbiss Healthcare, TaiDoc Technology and Be.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
A Pulse Oximeter consists of the monitor containing the batteries and display, and the probe that senses the pulse. Hand Held Pulse Oximeters, Table Top Pulse Oximeters, Finger Pulse Oximeters, Wrist Pulse Oximeters are included here. Pulse Oximeter sensors are not tracked here as all the mentioned Pulse Oximeters have their own inbuilt oximeter sensors. Consumables such as single-use sensors, sensor wraps, and adapters are not tracked. Finger Pulse Oximeter is alligator clip-shaped and has to be put on the finger or earlobe. The reading is shown on the screen which is on the clip itself. Infrared light when passed through the veins helps to differentiate between oxygenated and unoxygenated blood cells. It may not give the right reading if there is a blood clot or the hand is cold. It is convenient, affordable, and easy to use. It is used in hospitals, Ambulatory Surgical Centers (ASCs), other medical institutes and home care. A Handheld Pulse Oximeter works on a battery and electronically displays results. It is used in hospitals, ASCs, and other medical institutes. There is a cable that attaches the clip to the screen. The clip of this device in emergency cases can even be attached to the toe. The main features of the table top pulse oximeter include audio and visual alarms for oxygen saturation and pulse rate monitoring, a pulse tone with variable pitch and digital signal processing for accurate reading. It is capable of spot checks and continuous monitoring. Its size makes it ideal for hospitals, ASCs, and medical facilities. Used to monitor the oxygen levels on a daily basis or while sleeping, making the Wrist Pulse Oximeters ideal for home care settings. This instrument is designed like a wristwatch. A small wire connects the probe, placed on the index finger, to a small monitor on the wrist.
The pulse oximeter systems market in the US can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size pulse oximeter systems in the US, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
