Pulse Oximeters Market is Expected to Reach a Value of CAGR of more than 6.1% during 2025 “The global pulse oximeters market size was worth USD 1.5 billion in 2015 which is anticipated to grow at a CAGR of more than 6.1% during the forecast period. The crucial application of the pulse oximeters in patient monitoring is responsible for its growth. Moreover, its use in anesthesia monitoring and safety have greatly reduced anesthesiarelated deaths, which further contributes to the market potential.�
Industry Insights The global pulse oximeters market size was worth USD 1.5 billion in 2015 which is anticipated to grow at a CAGR of more than 6.1% during the forecast period. The crucial application of the pulse oximeters in patient monitoring is responsible for its growth. Moreover, its use in anesthesia monitoring and safety have greatly reduced anesthesia-related deaths, which further contributes to the market potential. Surgical safety has been a major concern and so its provision is a priority worldwide. Global initiatives such as the WHO Surgical Safety Checklist, which was created in 2008 as an outcome of 2007 WHO Safe Surgery Saves Lives program, aims in the application of minimum safety standards across hospitals in all countries. Pulse oximeter, being an essential monitoring device in surgical treatments, is largely affected by such global initiatives that influence its demand and are likely to trigger the market growth. Modernization has boosted accessibility with the technological advancements in the cell phones operating systems. In 2014, a company named Masimo launched iSpO2 pulse oximeter, which is supported by the Android devices, facilitating ease of use and monitoring.
Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/pulse-oximetersmarket/request-sample Type Insights The segmentation based on the type of devices is handheld, fingertip, and others. In 2016, the handheld oximeter devices dominated the market owing to the ease of use of the device in the case of emergency. The oxygen saturation of a patient highly affects the course of treatment to be undertaken. Rising number of emergency cases of strokes and surgeries is anticipated to augment the market over the forecast period.