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North America Pulse Oximeter Market Forecast 2019-2028

KEY FINDINGS
The North America pulse oximeter market is projected to register growth, recording a CARG of xx% during the forecast period, 2019-2028. The market growth is accredited to the growing incidences of lifestyle diseases and the product launches by several players in the region.

MARKET INSIGHTS
The analysis of the North America pulse oximeter market growth involves the market assessment of the United States and Canada. The high prevalence of preeclampsia in Canada makes the country a potential market for pulse oximeters. The change in standards in terms of clearance and approval of medical devices by Health Canada is deemed to be beneficial for market growth prospects. The R&D activities have gained a prominent position in the country, and research projects are getting secure funding. For instance, the researchers of the University of British Columbia procured funding from the Bill and Melinda Gates Foundation in March 2014 for developing a device that could convert a smartphone into pulse oximeter. Several companies are investing in R&D activities so as to manufacture innovative products. According to the report published by Pfizer, COPD is deemed to be the fourth leading cause of death in the country. This presents market growth opportunities in the country, since pulse oximeters are used in the diagnosis of such chronic respiratory illnesses.

COMPETITIVE INSIGHTS
Some of the established companies in the market include, Medtronic Plc, Smiths Medical Inc, Spacelabs Healthcare, Welch Allyn, Opto Circuits, etc.

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North America Pulse Oximeter Market Forecast 2019-2028
Published By :Inkwood Research
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