The pulse oximeter market is on track for consistent growth, with projections estimating it will reach $3.40 billion by 2031, registering a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031, according to a recent report by Meticulous Research®. Key factors fueling this growth include a significant rise in hospital admissions, the integration of pulse oximeters in newborn screening protocols, and the increasing prevalence of chronic respiratory conditions such as chronic obstructive pulmonary disease (COPD) and asthma.
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