The awareness regarding surgical care programs is increasing all over the globe. Attributed to this, the demand for pulse and regional oximeters is growing worldwide, including the U.S. The World Health Organization (WHO), has included these medical devices in a number of projects to increase awareness regarding their utilization. Pulse and regional oximeters are further included in WHO’s safe surgical checklist, as a standard for operations. Pulse oximeters are utilized for monitoring the amount of oxygen that is being carried in the body. These are non-invasive devices and are attached painlessly to the fingertip of the patient.
Browse In-depth U.S. Pulse and Regional Oximeters Market Regional Breakdown
The device sends two light wavelengths through the finger for measuring pulse rate and the amount of oxygen that is in the system. Regional oximeters aid physicians in monitoring cerebral oxygenation in cases where pulse oximeters are not fully indicative of amount of oxygen that is reaching the brain. As per a report by P&S Intelligence, the U.S. pulse and regional oximeters market is expected to attain a value of $1,101.4 million by 2024, increasing from $687.3 million in 2018, and is predicted to register an 8.2% CAGR during the forecast period (2019–2024).
Between pulse and regional oximeters, the demand for pulse oximeters is projected to be higher in the coming years, which is owing to the wider application area of these medical devices as compared to regional oximeters. Pulse oximeters are user-friendly, compact, and can be attached to different body parts, including nose, palm/foot, and fingertip. Different types of pulse oximeters are nose, fingertip, palm/foot, handheld, wrist-worn, earlobe, forehead, and table-top. Among all these, the demand for wrist-worn pulse oximeters is expected to increase considerably in the near future, as they are more innovative in terms of technology and are accepted more among older people in home-based care.
Aged people further prefer medical devices that are home-based, user-friendly, and non-invasive for monitoring their saturated oxygen levels. Pulse and regional oximeters are homecare settings, hospitals, pre-hospital care and emergency medical service providers, emergency management care settings, fire rescue departments, and clinics. Hospitals made the most use of these devices in the U.S. Within the country, California was the largest U.S. pulse and regional oximeters market in the past, which can be attributed to the presence of major players and high healthcare spending in the state.
In conclusion, the demand for pulse and regional oximeters is growing in the U.S due to the increasing awareness regarding surgical care.
