PUNE, India, March 17, 2017 /PRNewswire-iReach/ -- Global pulse oximetry market 2017 market research report provide the details about Industry overview and analysis report. This report covers the present scenario and the growth prospects of the global pulse oximetry market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of pulse oximetry devices.
Complete report on global pulse oximetry market spread across 85 pages, analyzing 3 major companies and providing 55 data exhibits is now available at http://www.reportsnreports.com/reports/318544-global-pulse-oximetry-market-2015-2019.html .
The analysts forecast global pulse oximetry market to grow at a CAGR of 5.46% during the period 2017-2021. One trend in market is growing adoption of product bundling strategy by vendors. Vendors are bundling two or more products or services to achieve product differentiation and provide innovative technology. For example, along with vital signs monitors, vendors are offering accessories for patients to monitor their blood pressure levels. Patients prefer using such packaged offerings to individual products as they prove to be cost-effective.
According to the pulse oximetry market report, one driver in market is increasing adoption of home-care setting pulse oximeters. The rise in demand for home-care patient monitoring systems is driving the market growth. The aging population is one of the factors directly influencing the growth of the home-care setting pulse oximeters. The majority of the aged and critically ill individuals cannot afford frequent visits to medical facilities, and they often require monitoring on a daily basis. The home-care patient monitoring devices are convenient, cost-effective, and help in regular monitoring. The growing demand for the wireless multi-parameter home use pulse oximeters is expected to propel the market growth during the forecast period.
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Key players in the global pulse oximetry market: Medtronic, Philips Healthcare, and Masimo. Other Prominent Vendors in the market are: CAS Medical Systems, Criticare Systems, Drägerwerk, Edan Instruments, FaceLake, GE Healthcare, iHealth, Korrida Medical Systems, Med Shop and Beyond, Meditech, Mindray Medical International, Nihon Kohden, Nonin Medical, Omron Healthcare, Opto Circuits, Spacelabs Healthcare, Suaoki, and Technocare Medisystems.
The report, Global Pulse Oximetry Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Further, the report states that one challenge in market is aggressive competition among vendors. There are several global and regional vendors offering similar products in the global pulse oximetry market. The competition has restricted the average selling price of pulse oximeters. The manufacturers often bundle pulse oximeters with other devices to sell them at lower costs, aiming to increase the sales of other more profitable devices, such as operating room devices.
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