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Held pulse oximeters are non-invasive devices that are attached to the fingertip. These held pulse oximeters monitor the heart rate and measure the oxygen saturation level of a person. Held pulse oximeters are widely used in medical institutes and hospitals. It is more sophisticated when compared with traditional counterparts. In this type of pulse oximeter, the screen is not attached to the clip, but a cable is used to attach the clip to the screen. The screen displays other information related to the diagnosis apart from the oxygenated blood level. This device uses infrared rays to measure the reading.
The major factors that drive the growth of the held pulse oximeters market are advancements in technology such as development of easy to use and light weight pulse oximeters, increased adoption of oxygen saturation level monitoring devices in home care settings, and a favorable reimbursement scenario in many countries. In addition, a rise in the incidence of chronic diseases such as COPD, sleep apnea, and geriatric population fuel the demand for held pulse oximeters. Furthermore, these devices are used for fitness monitoring, which is why held pulse oximeters are also used in ambulatory surgery centers (ASCs) for routine check-ups, which boost the market growth. However, lack of awareness about these devices in low- and middle-income countries is projected to hamper the market growth.
The report segments the global held pulse oximeters market based on application and end user. Based on application, the market is categorized into blood-oxygen monitoring, pulse rate monitoring, and others. In terms of end user, the market is segmented into hospitals & clinics, ambulatory surgical centers (ASCs), and homecare settings. The market has been analyzed on the basis of four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, the Middle East, Africa, and rest of LAMEA).
The key players of the global held pulse oximeters market are Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nonin Medical, Inc., Omron Corporation, CareFusion Corporation, and Smiths Group plc
Several companies in the held pulse oximeters market have adopted product development (product approvals and product launch) as their key strategy to sustain the intense competition. This is evident from the product launch of NoninConnect Elite Model 3240 Bluetooth smart wireless finger pulse oximeter. This product launch has helped the company acquire a major share of the global held pulse oximeters market.
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