How is Growing Awareness Regarding Surgical Care Driving U.S. Pulse and Regional Oximeters Market?

The market is witnessing growth due to the increasing government initiatives, surging number of patient approvals and commercialized products, rising number of medication errors, and increasing incidence of targeted diseases. Pulse oximeters measures the oxygen saturation level in blood cells and regional oximeters, also called cerebral and tissue oximeters, measure regional hemoglobin oxygen saturation.

In terms of product, the U.S. pulse and regional oximeters market is bifurcated into regional and pulse oximeters. Between these, two, the pulse oximeter held the larger share of the market during the historical period (2014–2018) and is projected to retain its position during the forecast period as well. This is due to the rising awareness about pulse oximeters, presence of large players in the country, and large patient pool. Nose, palm/foot, forehead, earlobe, handheld, wrist-worn, table-top, and fingertip are the different types of pulse oximeters.

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When end user is taken into consideration, the U.S. pulse and regional oximeters market is categorized into homecare settings, emergency management care settings, fire rescue departments, clinics, pre-hospital care and emergency medical service (EMS) providers, and hospitals. Out of these, the hospitals category accounted for the major share of the market during the historical period and is expected to dominate the market during the forecast period as well. The homecare setting category is predicted to grow at a considerable pace during the forecast period as the patients prefer to use these devices at home.

The rising adoption of homecare pulse and regional oximeters is a key trend that is being observed in the U.S. pulse and regional oximeters market. It is due to technological advancements that the adoption of sensor-based pulse and regional oximeters is rising in homecare settings. The geriatric population is increasingly making use of handheld, fingertip, and wrist-worn pulse oximeters in order to regularly monitor their health condition. Moreover, the major players in the market are also focusing on developing simple home-based pulse and regional oximeters for catering to the requirements of the geriatric population.

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A major driving factor of the U.S. pulse and regional oximeters market is the increasing incidence of targeted diseases. These devices are needed for patients suffering from sickle-cell crises, cardiac arrest, drowning condition, apneic condition, and multisystem trauma. In addition, the growing prevalence of chronic diseases is also resulting in the increasing requirement for pulse and regional oximeters. These devices have emerged as useful devices for the evaluation of patient’s oxygenation status and are being widely utilized in several departments of different healthcare settings.

The untapped market in developing states in the country is creating wide opportunities for the players operating in the U.S. pulse and regional oximeters market. The availability of proper tools for clinical monitoring for the treatment of different diseases is scare in low-income states, which makes it difficult for patients in these states to get proper medical care. Hence, in order to improve the affordability of these devices, the manufacturers are actively involved in providing innovative medical devices and services, which is further projected to drive the market.

Thus, the rising prevalence of targeted diseases is resulting in the growth of the market.

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