Market Research Report
US Market Report for Pulse Oximetry Monitoring 2017 - MedCore
|Published by||iData Research Inc.||Product code||370986|
|Published||Content info||83 Pages
Delivery time: 1-2 business days
|US Market Report for Pulse Oximetry Monitoring 2017 - MedCore|
|Published: September 1, 2016||Content info: 83 Pages||
The market for peripheral pulse oximetry includes both stand-alone bedside, handheld and fingertip monitors, in addition to the associated reusable and disposable sensors and OEM device boards. Growth in the total market will primarily be driven by high volumes of disposable sensors used in hospital settings, with a strong preference for disposable sensors that have become standard, for example in surgical and critical care settings. With the exception of the fingertip segment, the pulse oximetry monitor market is mature and sales are largely made on a replacement-basis. Sensor sales will increase primarily with the growing incidence of disease and hospitals admission rates, driven in part by the growing percentage of individuals over the age of 65. There continues to be a strong push for more monitoring in both hospitals (unmonitored wards and medical surgery) and alternate care settings (long-term care facilities and skilled nursing facilities). Both disposable and reusable segments will be able to take advantage of the anticipated growth, although competition between vendors will be significant. Additionally, although not discusses separately herein, the retail market for non FDA-approved pulse oximetry devices continues to grow as the customers look to take proactive action to better manage their health or chronic conditions.
Pulse oximetry devices are used for measuring the oxygen content bound to hemoglobin within a patient's blood stream. The measurement is taken non-invasively by attaching the device to an adult patient's finger or earlobe, whereas in neonatal patients, the device can be attached to the foot due to the patient's smaller size. A light containing both red and infrared wavelengths is passed through this part of the body. A measure of oxygenation can be made based on the ratio of changing absorbance of the red and infrared light caused by the difference in color between oxygen-bound and oxygen unbound blood hemoglobin.