What is Global Handheld Pulse Oximetry Market?
The Global Handheld Pulse Oximetry Market is a sector that focuses on the production and distribution of handheld pulse oximeters. These devices are used to measure the oxygen saturation level in a person's blood, a critical indicator of their respiratory function. The market encompasses various types of handheld pulse oximeters, including fingertip, tabletop, and wrist-worn devices. The global market for these devices has seen significant growth due to the increasing prevalence of respiratory diseases, the rise in the elderly population, and the growing demand for portable monitoring devices. In 2023, the market was valued at US$ 639.8 million and is projected to reach US$ 833.2 million by 2030, growing at a CAGR of 3.9%. The market's growth is also fueled by technological advancements in pulse oximetry and the increasing adoption of these devices in homecare settings.
Blood-Oxygen Monitoring, Pulse Rate Monitoring, Others in the Global Handheld Pulse Oximetry Market:
The Global Handheld Pulse Oximetry Market is segmented based on the type of monitoring it provides. This includes Blood-Oxygen Monitoring, Pulse Rate Monitoring, and Others. Blood-Oxygen Monitoring is a critical function of pulse oximeters, providing real-time information about the oxygen saturation level in a person's blood. This information is crucial for patients with respiratory conditions, as it allows healthcare providers to monitor their condition and adjust treatment as necessary. Pulse Rate Monitoring is another essential function, providing information about a person's heart rate. This can be particularly useful for patients with heart conditions or those undergoing surgery. The 'Others' segment includes additional features offered by some pulse oximeters, such as perfusion index monitoring and pleth variability index monitoring. These additional features can provide further insights into a patient's health and wellbeing.
Hospitals & Clinics, Ambulatory Surgical Centers (ASCs), Homecare Settings in the Global Handheld Pulse Oximetry Market:
The Global Handheld Pulse Oximetry Market finds its application in various areas including Hospitals & Clinics, Ambulatory Surgical Centers (ASCs), and Homecare Settings. In Hospitals & Clinics, handheld pulse oximeters are used to monitor patients' oxygen saturation levels and heart rates during surgery, in the ICU, and in other critical care settings. They are also used in routine check-ups and during the treatment of respiratory conditions. In ASCs, these devices are used during surgical procedures and post-operative care to monitor patients' vital signs. In Homecare Settings, handheld pulse oximeters are used by patients to monitor their oxygen levels and heart rate at home. They are particularly useful for patients with chronic respiratory conditions, such as COPD and asthma, allowing them to monitor their condition and seek medical help if necessary.
Global Handheld Pulse Oximetry Market Outlook:
The Global Handheld Pulse Oximetry Market has shown a promising growth trajectory. In 2023, the market was valued at US$ 639.8 million. It is projected to reach a valuation of US$ 833.2 million by 2030, growing at a CAGR of 3.9% during the forecast period of 2024 to 2030. This growth can be attributed to the increasing prevalence of respiratory diseases, the rise in the elderly population, and the growing demand for portable monitoring devices. Furthermore, the global market for medical devices, which includes handheld pulse oximeters, was estimated at US$ 603 billion in 2023 and is expected to grow at a CAGR of 5% over the next six years. This indicates a positive outlook for the Global Handheld Pulse Oximetry Market.
| Report Metric | Details |
| Report Name | Handheld Pulse Oximetry Market |
| Accounted market size in 2023 | US$ 639.8 million |
| Forecasted market size in 2030 | US$ 833.2 million |
| CAGR | 3.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Masimo, Medtronic, Nonin Medical, Smiths Medical, Nihon-Kohden, Philips, GE Healthcare, Konica Minolta, Mindray, Heal Force, Contec, Jerry Medical, Solaris |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
