Pulse Oximetry Market Research Report covers the present scenario and the growth prospects of the Pulse Oximetry Industry for 2017-2021. Pulse Oximetry Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Pulse Oximetry globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Pulse Oximetry Market:
- Philips Healthcare
One trend in market is growing adoption of product bundling strategy by vendors. Vendors are bundling two or more products or services to achieve product differentiation and provide innovative technology. For example, along with vital signs monitors, vendors are offering accessories for patients to monitor their blood pressure levels. Patients prefer using such packaged offerings to individual products as they prove to be cost-effective. Additionally, vendors have started manufacturing personal testing kits comprising of blood pressure monitors, thermometers, blood glucose monitors, and pulse oximeters, which have seen significant popularity worldwide. Another example of bundling strategy by vendors is a product called MAX30100, which is an integrated pulse oximeter and helps in measuring heart rate. This product by Maxim Integrated is one of the wearable medical monitoring devices in the market. This marketing strategy has helped various vendors to take competitive advantage. This trend is expected to show a strong impact on the market growth during the forecast period.
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According to the report, one driver in market is increasing adoption of home-care setting pulse oximeters. The rise in demand for home-care patient monitoring systems is driving the market growth. The aging population is one of the factors directly influencing the growth of the home-care setting pulse oximeters. The majority of the aged and critically ill individuals cannot afford frequent visits to medical facilities, and they often require monitoring on a daily basis. The home-care patient monitoring devices are convenient, cost-effective, and help in regular monitoring. The growing demand for the wireless multi-parameter home use pulse oximeters is expected to propel the market growth during the forecast period. There is a rise in demand for continuous monitoring of individuals with chronic disorders, such as hypertension. Therefore, individuals place a high priority on reducing their hospital costs and longer hospital stays, thereby preferring the home-care setting patient monitoring systems. The focus on quality care and disease management will lead to the rise in the adoption rate of portable MPPMS, especially in developed countries.
Report also presents Geographical Segmentation analysis of Pulse Oximetry Market of Americas, APAC, EMEA region.
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Further, the report states that one challenge in market is aggressive competition among vendors. There are several global and regional vendors offering similar products in the global pulse oximetry market. The competition has restricted the average selling price of pulse oximeters. The manufacturers often bundle pulse oximeters with other devices to sell them at lower costs, aiming to increase the sales of other more profitable devices, such as operating room devices. This results in pricing pressure on the vendors for cost reduction of their products. Manufacturers have lowered the prices of their products to compete for high-volume and low-cost tender agreements. With the rise in MPPMS, the sales of the stand-alone pulse oximeter device are being affected. The clinicians’ and home-users’ preference is inclined toward MPPMS. The market competition increases due to the widening network of vendors for patient monitoring systems competing with vendors manufacturing only pulse oximeters.
Key questions answered in Pulse Oximetry market report:
- What will the Pulse Oximetry market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving Pulse Oximetry market?
- What are the challenges to Pulse Oximetry market growth?
- Who are the key vendors in Pulse Oximetry market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 85
Price of Report: $ 3500 (Single User License)
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