Pulse Oximeters Market to Soar in the Near Future Owing to Growing Consumer Adoption

The worldwide pulse oximeters market is being pushed by factors such as an increase in the prevalence of chronic diseases and an increase in the elderly population. However, obstacles such as a lack of awareness in underdeveloped countries are expected to stymie market expansion. Furthermore, rising healthcare expenditures in emerging economies, as well as a strong need for proactive monitoring, are likely to open up new prospects for market participants.

As home care captures the imagination of people, mainly for convenience and cost associated reasons, particularly in regions where reimbursement policies are weak, contribute heavily to the demand for global pulse oximeter market. It is also quite pertinent to note here demand for remote monitoring is seeing a rapid rise as continuous monitoring is an expensive task, propelling growth in the pulse oximeter market as spot checking via fingertip variants or handheld oximeters can reduce these costs. For instance, this can cut down on readmission costs, which are quite commonly incurred by patients of COPD. Other critical factors include rise in geriatric population and increase in incidence if chronic diseases.

A pulse oximeter is a noninvasive device that measures a person's oxygen saturation (SO2). In its most typical application mode, a sensor device is put on a thin area of the patient's body, commonly a fingertip or earlobe in adults, and across a foot in babies. The pulse oximeter measures the percentage of blood that is oxygenated. The percentage of haemoglobin, the protein in blood that transports oxygen, is measured by a pulse oximeter. A pulse oximeter is especially useful for noninvasive continuous assessment of blood oxygen saturation. A pulse oximeter can be used in any setting where a patient's oxygenation is not stable, such as intensive care, recovery, operating, emergency, and hospital wards, pilots in unpressurized aircraft, and patients at high altitude, to assess oxygenation and determine whether supplemental oxygen is required. Furthermore, because of its ease of use and capacity to deliver continuous and instantaneous oxygen saturation levels, pulse oximeters are crucial in emergency medicine or first aid.