Orbis Research Present’s Global Pulse Oximetry Market 2017-2021 which Examine into the present trends, highlights the recent market growth, sales volume, Demand Scenarios and Opportunities emerging for business players in the near future.
New Research Report – Global Pulse Oximetry Market 2017-2021
the following companies as the key players in the Global Pulse Oximetry Market: Medtronic, Philips Healthcare, and Masimo.
Other Prominent Vendors in the market are: CAS Medical Systems, Criticare Systems, Drägerwerk, Edan Instruments, FaceLake, GE Healthcare, iHealth, Korrida Medical Systems, Med Shop and Beyond, Meditech, Mindray Medical International, Nihon Kohden, Nonin Medical, Omron Healthcare, Opto Circuits, Spacelabs Healthcare, Suaoki, and Technocare Medisystems.
Commenting on the report, an analyst from Technavio’s team said: “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.”
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.
Get a PDF Sample of Global Pulse Oximetry Market Report at: http://www.orbisresearch.com/contacts/request-sample/244632
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019
Follow Us on LinkedIn: https://www.linkedin.com/company/orbis-research