Pulse Oximetry Market Set for Significant Growth with 8.27% CAGR by 2027
The Global Pulse Oximetry Market is poised for substantial growth, projected to expand by USD 1.14 billion at a CAGR of 8.27% during the forecast period from 2022 to 2027. This growth trajectory is driven by various factors, including the rising prevalence of chronic respiratory ailments, escalating demand for wireless pulse oximeters, and guidelines endorsing their deployment in clinical settings. However, challenges such as operational constraints and privacy issues concerning wearable devices may impede market expansion. Notwithstanding these challenges, the market is buoyed by trends such as intensified online marketing strategies, heightened demand for cutting-edge oximeters, and frequent product launches. Download the PDF Sample for Comprehensive Insights into Pulse Oximetry Market Market Breakdown The market's robust growth is spurred by heightened demand for patient monitoring equipment, catalyzed in part by the COVID-19 pandemic. From hospitals and home care facilities t...