“The leading players in the global pulse oximeter market are Medtronic plc (Ireland), Masimo Corporation (USA), Koninklijke Philips NV (Netherlands), Nonin Medical Inc. (USA), Nihon Kohden Corporation (Japan), GE Healthcare (USA) ”

In 2022, Medtronic Plc (Ireland) is expected to receive 510(k) clearance from the US FDA for its Nellcor OxySoft neonatal and adult SpO2 sensor. This sensor is a unique silicone adhesive pulse oximeter sensor designed to protect the delicate skin of newborns with longer adhesion.

Pulse Oximeter Market is expected to grow from $2.8 billion in 2022 to $4.3 billion by 2027, at a CAGR of 8.8% from 2022 to 2027, according to a new report by MarketsandMarkets™. The growth is mainly driven by the increasing number of surgical procedures and hospital admissions worldwide, the outbreak of infectious respiratory diseases and the rising prevalence of respiratory diseases are some of the key factors driving the pulse oximeter market.

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The device segment accounted for the largest share of the pulse oximeter market in 2021

Based on the product, the market is segmented into sensors and equipment. The device segment accounted for the largest market share in 2021. Fingertip blood oxygen monitoring devices have been increasingly adopted during the COVID-19 pandemic, and technological advances in wearable pulse oximeters are the main factor driving the growth of this segment.

The portable pulse oximeter segment is expected to register the highest CAGR during the forecast period

Based on type, the pulse oximeter market is segmented into handheld pulse oximeter and bedside/desktop pulse oximeter. The wearable pulse oximeter market is further segmented into fingertip, handheld and wearable pulse oximeters. The portable…