Pulse oximetry devices are used for measuring the oxygen content bound to hemoglobin in a patient’s blood stream.
The measurement is taken non-invasively by attaching the device to a patient’s finger or earlobe. 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.
General Report Contents • Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
• Market Drivers & Limiters for each chapter segment
• Competitive Analysis for each chapter segment
• Section on recent mergers & acquisitions
The market for peripheral pulse oximetry included stand-alone bedside, handheld and fingertip monitors, as well as reusable and disposable sensors, and OEM device boards. Elements from the venous and tissue saturation markets are not explored in the scope of this report.
The market for pulse oximetry sensors represented majority of the total market. Growth in the total market will primarily be driven by high volumes of disposable sensors and growth in the OEM circuit devices. Except for 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-PSE-approved pulse oximetry devices continues to grow as the customers look to take proactive action to better manage their health or chronic conditions.
While pulse oximetry equipment is already widely used in hospitals, the market is still expected to grow substantially due to the introduction of new technologies, and the expanding use of sophisticated multi-parameter monitoring devices. As these multi-parameter monitoring devices almost always include pulse oximetry as one of their capabilities, they account for the bulk of pulse oximetry procedures performed in hospitals.
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