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Saturday, 20 May 2017
Detailed Study of the South Korea Pulse Oximetry Market 2017
South Korea Market Report for Pulse Oximetry 2017 - MedCore is a new market research publication announced by Reportstack.
General Report Contents
• Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends • Market Drivers & Limiters for each chapter segment • Competitive Analysis for each chapter segment • Section on recent mergers & acquisitions The market for peripheral pulse oximetry includes stand-alone bedside, handheld and fingertip monitors, as well as reusable and disposable sensors and OEM device boards. Elements from the venous and tissue saturation markets are not explored in the scope of this report.
The market for pulse oximetry sensors represented the majority of the total market. Growth in the total market will primarily be driven by high volumes of disposable sensors and growth in the OEM circuit devices. With the exception of the fingertip segment, the pulse oximetry monitor market is mature and sales are largely made on a replacement-basis. Sensor sales will increase primarily with the growing incidence of disease and hospitals admission rates, driven in part by the growing percentage of individuals over the age of 65. There continues to be a strong push for more monitoring in both hospitals (unmonitored wards and medical surgery) and alternate care settings (long-term care facilities and skilled nursing facilities). Both disposable and reusable segments will be able to take advantage of the anticipated growth, although competition between vendors will be significant. Additionally, although not discussed separately herein, the retail market for non KFDA-approved pulse oximetry devices continues to grow as the customers look to take proactive action to better manage their health or chronic conditions. While pulse oximetry equipment is already widely used in hospitals, the market is still expected to grow substantially due to the introduction of new technologies, and the expanding use of sophisticated multi-parameter monitoring devices. As these multi-parameter monitoring devices almost always include pulse oximetry as one of their capabilities, they account for the bulk of pulse oximetry procedures performed in hospitals.