According to the research literature titled ‘GLOBAL Pulse Oximeter Market 2019-2028’, available with Market Study Report, global pulse oximeter market is expected to register a CAGR of 5.57% during 2019-2028.
 

As per the report findings, spike in healthcare expenditure, escalating cases of respiratory diseases, and growing prevalence of chronic diseases among the expanding geriatric population are catalyzing global pulse oximeter market growth.
 

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Increasing adoption of portable pulse oximeters will further present new business opportunities in the forthcoming years. However, poor awareness regarding the use of the devices and stringent regulations for patient safety are negatively impacting the industry outlook.
 

Based on component, global pulse oximeter market is fragmented into handheld pulse oximeter, fingertip pulse oximeter, table-top/bedside pulse oximeter, wrist-worn pulse oximeter, and pediatric pulse oximeter. In terms of industry vertical, the market is divided into homecare and hospitals & other healthcare facilities.
 

From a geographical viewpoint, Middle East and Africa, Europe, Asia-Pacific, North America, and Latin America are the key areas covered in global pulse oximeter market report. Expert analysts cite that MEA market is set to grow significantly in the upcoming years, attributable to high prevalence of asthma in countries like Saudi Arabia, Turkey, United Arab Emirates, and South Africa, caused by immoderate tobacco smoking and heavy exposure to dust & sandstorms in the region. Besides, increasing R&D for broadening applications of pulse oximeters is adding considerable momentum to the regional market growth.
 

Prominent players in global pulse oximeter industry sphere are Medtronic plc, CAS Medical Systems, Inc. (acquired by Edwards Lifesciences), Spacelabs Healthcare, Inc., Koninklijke Philips N.V., Masimo Corp., Opto Circuits Ltd., Nonin Medical, Inc., Welch Allyn, Inc., Becton, Dickinson and Company, Zensorium, Smiths Medical Group, Nihon Kohden Corp., Omron Corp., Invacare Corp., and GE Healthcare.