MARKET OUTLOOK
Triton Market Research, in its report on the North American pulse oximeter market, depicts that the industry is expected to flourish at a CAGR of 5.21% over the estimated period 2019-2028.
The United States and Canada together constitute the North American pulse oximeter market.
In the United States, there is a high presence of renowned pulse oximeter manufacturers, which is driving the average price of pulse oximeters in the country. In some parts, standalone oximeters are sold as retail products; whereas, low-cost manufacturers are trying to compete for their market share. Besides, in 2020, the wide spread of the Coronavirus infection in the country has also driven the pulse oximeter market growth.
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Preeclampsia is a condition affecting pregnant women in the third trimester, where the blood pressure rises extremely and poses a threat to both, mother and the child. This complication affects nearly 10 million every year. This can be avoided with continuous blood pressure & pulse monitoring and timely treatment. The growing prevalence of preeclampsia and the growing acknowledgment of the problem by the government are likely to create a potential for pulse oximeters market in the country. Furthermore, new product launches and product development by different players in the region are boosting the market growth in North America.
COMPETITIVE OUTLOOK
Some noteworthy companies in the pulse oximeter market are Smiths Medical Group Limited, Cas Medical Systems Inc (Acquired by Edwards Lifesciences), Opto Circuits Limited, GE Healthcare (General Electric Company), Zensorium and Welch Allyn.