The Global Pulse Oximeters Market is likely to grow in the coming years due to increasing usage clearances from the Food and Drug Administration (FDA). According to a report published by Fortune Business Insights, titled “Pulse Oximeters: Global Market Analysis, Insights and Forecast, 2018-2025,” the market is likely to reach US$ 2,657.6 Mn by the end of 2025. Fortune Business Insights states that the market was valued at US$ 1,587.3 Mn in 2017 and will exhibit a CAGR of 6.7% in the forecast period.
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Masimo’s Approval for Radius PPG to Trigger Growth
In 2019, Masimo received clearance for its latest pulse oximeter. The ‘Radius PPG’ was approved by the FDA after establishing efficient results through clinical trials. The Radius PPG represents a significant breakthrough in the healthcare industry, particularly for the diagnosis and study of oxygen levels in the blood. The wireless ability allows users to move freely even when they are being examined with the device.
Some of the Main Key Players Covered in the Report
- Omron Healthcare, Inc.
- Philips Benelux
- General Electric Manufacturing Company (GEMAC)
- Messe Düsseldorf GmbH
- Vyaire Medical
- Opto Circuits India Ltd.
- Nonin Medical, Inc
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Masimo and Mindray Announce Partnership to Extend Sales Outside the US
In May 2019, Masimo and Shenzhen Mindray Biomedical Electronics announced that they have reached an agreement to extend the distribution of Masimo’s devices. Through this agreement, Mindray will offer sales and distribution options in countries other than the United States. The increasing demand for Masimo’s wrist-worn pulse oximeters has triggered this agreement, which in turn is likely to favor growth of the global market in the forthcoming years.
The report profiles several companies operating in the market and studies their growth strategies with regards to product launches and strategic collaborations. This is intended at evaluating the impact of these strategies on the overall market.
In the report, Fortune Business Insights has profiled a few companies that are operating in the global pulse oximeter market. Some of the leading companies that have been identified as significant growth contributors are GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V, Masimo, Messe Düsseldorf GmbH, VYAIRE, Opto Circuits (India) Limited, Medtronic, Omron Healthcare, Inc., Nonin, and B Smiths Group plc.
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