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Market Intel: Medtronic, Philips, Masimo, And Others Keep Pulse Beating In Oximetry Patient Monitoring Market

 
• By Marion Webb

Demand for reliable, accurate, high-quality pulse oximetry devices in and – increasingly – outside hospitals is driven by the rise of chronic diseases, a growing elderly population prone to asthma, heart disease, sleep apnea and chronic obstructive pulmonary disease, as well as the need to monitor oxygen levels in premature babies. According to a new report by Meddevicetracker, the global market for standalone, hospital-grade pulse oximetry devices and accessories will reach $1.9bn by 2021, a CAGR of 5.4% from 2016. In this feature, we'll take a closer look at the overall pulse oximetry market, the major players and which forces are driving – and stymying – its growth.

MT1803_Oxygen Saturation_642038236_1200.jpg

The global market for highly accurate pulse oximetry that can prevent hypoxemia – a dangerous lack of oxygen in the body's tissues that can result in organ damage or death –continues to drive demand from hospitals and from homes for the remote monitoring of patients. According to a new report by Meddevicetracker, the global market for standalone hospital grade noninvasive pulse oximetry devices, and associated sensors and accessories is expected to grow at a CAGR of 5.4% from $1.5bn in 2016 to $1.9bn by 2021 (See Figure 1.)

Source: "Pulse Oximetry Devices Market," Meddevicetracker

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