Pulse Oximeter Is A Non-Invasive Device Used For Monitoring Oxygen Level And Heart Rate Of Patients. These Devices Offer Clinically Relevant Information Regarding The Health Status Of Patients During Diagnosis And Post-Surgery Management. This Information Plays A Vital Role In Deciding If A Patient Needs To Be Kept In A Ventilator. Pulse Oximeters Are Used During Emergencies, Pre And Post-Surgery, On-Going Treatment At Hospitals, And Home Healthcare. These Devices Are Useful For People Suffering From Copd, Asthma, And Other Respiratory Conditions.
The Pulse Oximeters Market Is Expected To Witness Significant Growth During The Forecast Period Due To Increase In Importance Of Oxygen Level Monitoring In Home Care Settings And Improved Reimbursement Scenario In Developed Countries. In Addition, Upsurge In Geriatric Population And Rise In Chronic Health Conditions Including Copd, And Sleep Apnea, Have Fueled The Demand For Pulse Oximeters. Moreover, Increase In Use Of Pulse Oximeters For Fitness Monitoring And Rise In Ambulatory Surgery Centers Across Various Countries That Use Monitoring Devices Routinely Have Fueled The Market Growth. However, Lack Of Awareness About These Devices In The Low- And Middle-Income Countries Could Hamper The Market Growth.
The Pulse Oximeters Market Is Segmented On The Basis Of Product Type, And Geography. Based On Product Type, The Market Is Segmented Into Table-Top/Bedside, Fingertip, Hand-Held, Wrist-Worn, And Pediatric Pulse Oximeters. The Market Is Analyzed On The Basis Of Four Geographical Regions, Which Include North America (U.S., Canada, And Mexico), Europe (Germany, France, Uk, Italy, Spain, And Rest Of Europe), Asia-Pacific (Japan, China, India, Australia, Malaysia, And Rest Of Asia-Pacific), And Lamea (Brazil, Middle East, Africa, And Rest Of Lamea).
Prominent Players Have Adopted Product Development Including Product Launches, Approvals, And Clinical Trials As Their Key Developmental Strategy For Expanding Their Product Portfolio. For Instance, In July 2016, Suntech (Now Halma Plc) Received Fda Clearance For Its Next Generation Spot-Check Vital Signs Device, Suntech Ct40. The Device Helps In The Accurate Measurement Of Blood Pressure, Temperature, And Pulse Oximetry Using Advanced Features And Digital Connectivity. Moreover, Reimbursement Policies For These Devices Have Fueled The Demand For Pulse Oximeters. For Instance, Medicare Offers Reimbursement For Pulse Oximeters Used For A Pulmonary Disease(S) In Case Of Using Diagnosis Code Icd-9-Cm, Which Describes A Patient’s Condition And The Motive Of Using The Service Or Procedure. The Present Procedural Technology Identifies Three Codes For Oximetry, Namely 94760, 94761, And 94762.
Pulse Oximeters Market Key Segments
By Product Type
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