Pulse and Regional Oximeters Market Drivers, Restraints, and Challenges Shaping the Disposable Medical Device Sensors Market Dynamics
From a value of $2,101.0 million in 2018, the pulse and regional oximeters market is expected to progress to $3,365.0 million in 2024, at an 8.2% CAGR during the forecast period (2019–2024). Owing to the rising requirement for pulse oximeters, coupled with the increasing diagnoses of chronic diseases, they are expected to experience the higher CAGR, of 8.6%, during the forecast period, based on product type. A major trend in the pulse and regional oximeters market presently is the acquisition of market players by larger ones, including Koninklijke Philips N.V. and Edwards Lifesciences Corporation. For instance, Edwards Lifesciences Corporation paid around $100 million for acquiring CAS Medical Systems Inc. (CASMED), in April 2019. The aim behind this acquisition was to integrate HemoSphere, a platform developed by Edward Lifesciences to monitor patients’ hemodynamic stability, with ForeSight, a technology patented by CASMED to keep track of patients’ cerebral oxygenation le...