Pulse Oximeter Market Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Monitoring the blood oxygen level
is emphasised by many hospitals, at-home patients, and geriatric care
facilities to determine the patient's recovery process. The dependability and
life expectancy of patients with respiratory disorders have increased thanks to
technological developments in oxygen and spO2 monitoring devices. The market
demand for pulse oximeters has been positively impacted by the increase in
COVID-19 patients.
Patients with COVID-19 and
chronic obstructive pulmonary disease benefit from the use of pulse oximeters
in the early diagnosis and treatment of these conditions (COPD). For instance,
330 million people worldwide suffered from COPD in 2018, and the majority of
those who died from the disease came from low- and middle-income countries,
according to a National Center for Biotechnology Information (NCBI) article.
The use of pulse oximeters in
hospitals and other healthcare facilities has been increased thanks to a number
of government guidelines and initiatives, and this trend is expected to
continue. Therefore, it is anticipated that government regulations and
technological developments will have a positive effect on the use of pulse
oximeters.
However, one of the main factors
reducing the demand for pulse
oximeters market is their high price and associated inaccuracies. The
high price of these devices makes them less popular, especially in developing
nations with low income levels and emerging markets.
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