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Pulse Oximetry Market size is set to grow by USD 1.18 billion from 2024-2028, Increasing prevalence of chronic respiratory diseases to boost the market growth, Technavio

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NEW YORK, July 19, 2024 /PRNewswire/ — The global pulse oximetry market  size is estimated to grow by USD 1.18 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 8.09%  during the forecast period.  Increasing prevalence of chronic respiratory diseases is driving market growth, with a trend towards increasing online marketing strategies by market vendors. However, limitations and complications associated with pulse oximeters  poses a challenge. Key market players include American Diagnostic Corp., Baxter International Inc., Contec Medical Systems Co. Ltd., Dragerwerk AG and Co. KGaA, General Electric Co., Halma Plc, Heal Force Biomeditech Holdings Ltd., ICU Medical Inc., Konica Minolta Inc., Koninklijke Philips N.V., Lepu Medical Technology Beijing Co. Ltd., Masimo Corp., Medical Information Technology Inc., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., OMRON Corp., SCHILLER AG, Shenzhen Mindray BioMedical Electronics Co. Ltd, and Vyaire Medical Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Product (Bedside/desktop pulse oximeters, Handheld pulse oximeters, Fingertip pulse oximeters, and Wrist-worn pulse oximeters), End-user (Hospitals and clinics and Alternative care settings), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

American Diagnostic Corp., Baxter International Inc., Contec Medical Systems Co. Ltd., Dragerwerk AG and Co. KGaA, General Electric Co., Halma Plc, Heal Force Biomeditech Holdings Ltd., ICU Medical Inc., Konica Minolta Inc., Koninklijke Philips N.V., Lepu Medical Technology Beijing Co. Ltd., Masimo Corp., Medical Information Technology Inc., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., OMRON Corp., SCHILLER AG, Shenzhen Mindray BioMedical Electronics Co. Ltd, and Vyaire Medical Inc.

Key Market Trends Fueling Growth

In response to the growing trend of using pulse oximeters in home healthcare settings, market vendors have shifted their focus towards online marketing strategies to boost sales. Companies such as Masimo, Nonin Medical, CONTEC MEDICAL SYSTEms, OMRON, Santa Medical, and iHealth Labs are expanding their online presence through social media and e-commerce platforms. Online retailing enables vendors to reach a broader customer base, including home healthcare users, while minimizing setup, distribution, and operational costs. Customers benefit from the convenience of purchasing authentic products with manufacturer warranties, a wide range of options, and the availability of promotional offers. The COVID-19 pandemic further accelerated the demand for wearable fingertip pulse oximeters, leading to a surge in online sales and revenue growth in the global pulse oximetry market. As a result, the adoption of online marketing strategies by vendors is expected to fuel the market’s growth during the forecast period. 

The Pulse Oximetry market is experiencing significant growth due to increasing demand for patient monitoring devices, particularly among the geriatric population and those with respiratory disorders. Wireless pulse oximeters, such as Bluetooth devices, are trending due to their repositional flexibility and convenience. Oxygen saturation level monitoring is crucial for morbidity and mortality reduction in critical care, anesthesia, childbirth, surgery, neonatal, and pediatric care. Technological advancements include smart meters, alarm systems, and Bluetooth connectivity for proactive monitoring and remote patient care. Accuracy is key, with silicon adhesive and signal acquisition improving performance. Home consumers, clinicians, pilots, athletes, and mountaineers all benefit from pulse oximetry’s vital stats monitoring capabilities. The coronavirus pandemic has further boosted demand for home care and telehealth solutions. Memory and data transfer features enhance usability in hospitals and ambulatory surgical centers. 

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Market Challenges

Pulse oximetry, a non-invasive method used to measure oxygen saturation levels in the blood, has become a standard tool in healthcare settings. However, it’s important to acknowledge the limitations and potential inaccuracies associated with this technology. Factors such as abnormal hemoglobin, anemia, reduced peripheral circulation, venous congestion, bright ambient light, and nail varnish can impact the accuracy of pulse oximeter readings. Additionally, some lower-priced pulse oximeters in the market have been found to provide inaccurate saturation readings during hypoxia and do not meet clinical standards. Conventional pulse oximetry technology also faces challenges, including difficulty in measuring oxygen saturation in the presence of motion artifacts or low perfusion, and failure to provide accurate measurements in the operating room. These limitations and potential inaccuracies may deter end-users from adopting pulse oximetry, negatively impacting the growth of the global pulse oximetry market.The Pulse Oximetry market faces several challenges in various sectors. In healthcare, ensuring patient safety during anesthesia, critical care, childbirth, and surgery is paramount. Pulse oximetry plays a crucial role in monitoring oxygen saturation levels. Technological advancements have led to the development of wrist, fingertip, and handheld pulse oximeters for proactive monitoring in home care and remote settings. The coronavirus pandemic has increased demand for these devices among home consumers and clinicians. In infants and neonates, accuracy is vital for newborn screening and pneumonia diagnosis. For pilots, athletes, and mountaineers, pulse oximeters ensure optimal performance. Challenges include ensuring accuracy, memory, data transfer via Bluetooth, and use in hospitals and ambulatory surgical centers.

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Segment Overview 

This pulse oximetry market report extensively covers market segmentation by

Product 1.1 Bedside/desktop pulse oximeters1.2 Handheld pulse oximeters1.3 Fingertip pulse oximeters1.4 Wrist-worn pulse oximetersEnd-user 2.1 Hospitals and clinics2.2 Alternative care settingsGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Bedside/desktop pulse oximeters-  Handheld pulse oximeters are essential medical devices with a user-friendly interface, connecting a probe assembly to a control unit. These devices offer various applications, from occasional spot checks to long-term monitoring of neonatal and adult patients in hospitals and homes. The handheld segment holds the second-largest share in the global pulse oximetry market. These devices feature larger displays, alarm limits, rechargeable batteries, and data transfer options via USB or IR. Widely used in hospitals, clinics, nursing homes, and operating theaters, handheld pulse oximeters are also adopted by individuals with chronic pulmonary conditions, athletes, firefighters, and pilots for continuous SpO2 level monitoring. Factors like ease of use, portability, and real-time monitoring drive market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017 – 2021)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global respiratory monitoring devices market is driven by increasing respiratory diseases worldwide, fostering demand for advanced diagnostic tools. Meanwhile, the global wearable medical devices market is expanding rapidly, propelled by advancements in sensor technology and growing health awareness. In parallel, the global pressure monitoring devices market is witnessing robust growth due to rising incidences of hypertension and cardiovascular diseases, prompting innovations in non-invasive monitoring solutions. These markets are poised for continued expansion, driven by technological advancements and the imperative for personalized healthcare solutions.

Research Analysis

The Pulse Oximetry market encompasses a range of patient monitoring devices used to measure oxygen saturation levels in the blood. These devices are essential for various applications, including geriatric population, respiratory disorders, anesthesia, critical care, childbirth, surgery, neonatal, and pediatric care. Technological advancements have led to the development of wireless Bluetooth and fingertip pulse oximeters, enabling remote monitoring and proactive intervention. Morbidity and mortality in these patient groups can be significantly reduced through effective oxygen saturation monitoring. Home consumers and clinicians alike benefit from these devices, with applications ranging from vital stats monitoring during coronavirus recovery to ongoing care for chronic conditions. The market continues to grow, driven by increasing demand for home care, patient safety, and the expanding use of pulse oximetry in diverse settings.

Market Research Overview

The Pulse Oximetry Market encompasses a range of patient monitoring devices used to measure oxygen saturation levels in the blood. These devices are essential in various healthcare settings, including geriatric care, critical care, anesthesia, surgery, pediatric care, and newborn screening. Pulse oximetry is particularly crucial for individuals with respiratory disorders, such as pneumonia, and those undergoing procedures that require close monitoring of vital stats. Technological advancements have led to the development of various types of pulse oximeters, including wireless and Bluetooth devices, which offer greater repositionability and convenience. Silicon adhesive and signal acquisition technologies ensure accurate readings, while smart meters and alarm systems provide real-time monitoring and patient safety. Pulse oximetry is also gaining popularity among home consumers, enabling proactive monitoring and remote care for individuals with chronic conditions. The market includes various types of pulse oximeters, such as wrist, fingertip, and handheld devices, catering to diverse user needs. The coronavirus pandemic has further accelerated the demand for pulse oximetry devices, as they enable early detection and monitoring of respiratory issues. Pulse oximetry plays a crucial role in patient safety, particularly in hospitals, ambulatory surgical centers, and during childbirth. It is also used by pilots, athletes, mountaineers, and infants, highlighting its broad applicability and importance in various sectors. Data transfer and memory features in pulse oximeters enable easy sharing of vital information between clinicians and healthcare providers, enhancing overall care quality.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductBedside/desktop Pulse OximetersHandheld Pulse OximetersFingertip Pulse OximetersWrist-worn Pulse OximetersEnd-userHospitals And ClinicsAlternative Care SettingsGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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DATAMARK Technologies Welcomes Industry Veteran Deb Rozeboom to Client Success Team

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Ms. Rozeboom to strengthen client relationships and enhance satisfaction in new role as Client Success Manager

PITTSBURGH, May 19, 2025 /PRNewswire/ — DATAMARK Technologies, a leader in interoperable solutions for public safety location services, today announced that Deb Rozeboom has joined the organization as Client Success Manager. In her new role, Ms. Rozeboom will build lasting relationships with clients, enhance client satisfaction and ensure they derive maximum value from DATAMARK Technologies’ products and services.

Ms. Rozeboom’s efforts will ensure that clients stay at the forefront of public safety geographic information systems (GIS) innovation by consistently delivering services and solutions that align with client objectives and enhance interoperability and effectiveness. This commitment supports the transition to Next Generation 9-1-1 (NG9-1-1) and indoor mapping. At DATAMARK Technologies, Client Success Managers partner with clients to maximize their investments while continually advancing their capabilities.

“DATAMARK Technologies is dedicated to client success and enhancing public safety location services through excellence and advocacy,” said Robert Murphy, Chief Revenue Officer at DATAMARK Technologies. “Deb’s extensive experience in public safety GIS and expertise in NG9-1-1 will be invaluable as we continue to elevate the client experience.”

Ms. Rozeboom joins DATAMARK Technologies with over 20 years of experience managing complex NG9-1-1 projects nationwide. Prior to joining DATAMARK Technologies, she held various roles at GeoComm, including Product Manager, GIS Solutions Engineer and General Manager. Additionally, she has served as an Adjunct Instructor for the National Emergency Numbers Association (NENA), teaching several NG9-1-1 and Addressing courses. She also co-chairs the NENA NG9-1-1 GIS Data Model Standard workgroup and is a member of the Geospatial Professional Network (GPN) Location, Enterprise Addressing and Public Safety (LEAP) Committee.

Ms. Rozeboom holds a Bachelor of Science degree in Ecology and Field Biology, as well as a Master’s Certificate in GIS, from St. Cloud University. She also has several industry certifications, including NENA Emergency Number Professional (ENP), GISC Geographic Information Systems Professional (GISP) and PMI Project Management Professional (PMP).

About DATAMARK Technologies
DATAMARK Technologies provides a new era of 9-1-1 and redefines interoperability for the public safety industry. The company combines DATAMARK, Michael Baker International’s public safety division known for best-in-class geographic information systems (GIS) data management and software solutions, with Digital Data Technologies, LLC (DDT), a top-tier Next Generation 9-1-1 (NG9-1-1) location services provider.

This strategic union heralds a new era of 9-1-1 and redefines geospatial data management for the public safety industry. DATAMARK Technologies offers a fully integrated solution that empowers public safety agencies to manage, maintain and leverage GIS data to the highest industry standards. The unified approach breaks down barriers of data silos to improve call routing accuracy, offer seamless discrepancy resolution and provide unwavering location fidelity for call takers with enhanced interoperability.

Contact: Julia Covelli
julia.covelli@mbakerintl.com 
(866) 293-4609

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Coupa Research Shows CFOs Embrace AI as Antidote to Economic Volatility and Growth Enabler

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Third annual Strategic CFO Study finds 40% of CFOs rank AI as top growth investment area; 90% look to mastering spend management as key to success in tumultuous times

FOSTER CITY, Calif., May 19, 2025 /PRNewswire/ — Amidst global economic uncertainty, rising inflation, and volatile trade, AI investment ranked as the top strategy for growth across all global CFOs surveyed by Coupa – a potential panacea to the volatility they are facing.

The Strategic CFO Report: Turning Global Market Uncertainty into Opportunity, released today by Coupa, the leading AI-native total spend management platform, reveals that almost half (46%) of CFOs see prominent external threats – geopolitics and supply chain disruption – as the greatest risk to business, dampening optimism from the start of 2025. Most notably, the introduction of new tariffs has created an additional challenge for 42% of CFOs, with more than a quarter (28%) of US CFOs planning to or already increasing inventory levels in preparation.

“Today’s finance leaders are facing an alarming set of external pressures and are navigating an ever changing set of risks which challenges their decision making. Despite these dynamic forces, they are driving cost discipline in order to fuel growth, building more resilient supply chains, and scaling their use of AI to fuel more efficient organizations,” said Michael Agresta, Coupa’s CFO. “A unified spend management platform and strategy is proving to be mission-critical in these times to create the agility, visibility, and resilience leaders need to fuel sustainable growth. Coupa’s AI-driven total spend management platform is uniquely built to help our customers navigate uncertainty, and offers CFOs the cloud and AI-native tools to drive margin improvements in any economic environment, making it a critical component for a strategic CFO’s tech stack.”

Tariffs Spur Margin Erosion Concerns
With 69% of CFOs concerned about meeting year-end goals, and 40% reporting extreme concern, it’s clear that much of the financial optimism at the start of the year has dissipated. Most recently, new tariffs and the fear of global trade wars have driven CFOs to act urgently – including increasing inventory levels (22%), automating processes to reduce operating expenses (21%), engaging in hedging strategies (19%), increasing product pricing (19%), and restructuring supply chain (18%). When surveyed on the greatest external threats to business, U.S. CFOs reported slightly lower concern levels (40%) on tariffs compared to their European counterparts, with German CFOs (48%) indicating the highest concern of all countries surveyed.

CFOs Looking to AI to Fuel Growth and Confidence
Despite the uncertain state of the economy, CFOs are asking themselves how best to respond. For today’s finance leaders, this means not over-reacting to every market fluctuation and instead providing thoughtful and inspired leadership – moving away from short-term fixes and prioritizing durable, sustainable growth strategies. A majority (74%) of CFOs are growing increasingly confident in AI, ranking it as the top growth investment area (40% of all CFOs) and AI implementation confidence concerns dropped 23% year-over-year.

“CFOs, including myself, are increasingly championing AI use within their organizations, but to do so effectively they must create a governance structure that is capable of quantifying the performance and financial benefits of AI. Nearly a quarter (23%) of CFOs we surveyed identified this as one of the major obstacles they will face in the next year,” said Agresta. “Beyond the numbers, CFOs need to strategically consider how to prioritize the deployment of new AI strategies and tools across their organizations to identify the highest value use cases but also need to empower employees to think AI first in order to get enterprise-wide adoption.” 

Drowning in Data, Struggling in Silos
In case the state of the economy and trade turmoil wasn’t challenging enough, risk management continues to increase organizational complexity, as 1 in 4 CFOs cited cybersecurity threats, data breaches, and fraud as the largest obstacle they will face this year. CFOs have immense amounts of data at their fingertips – but only 28% of CFOs can access their spend data within a single system and nearly half (41%) struggle to react quickly to cut costs as part of this roadblock. Some organizations are modernizing their data management, but few (33%) have unified processes to manage spend comprehensively. Nearly 1 in 5 CFOs cited outdated systems and data silos as the main hurdles to digital transformation, highlighting the need for increased modern tech adoption to effectively manage data and decrease risk.

Read the full Coupa Clarity Report, The Strategic CFO: Turning Global Market Uncertainty into Opportunity here.

To learn more about Coupa’s leading total spend management platform can help during these turbulent times, visit coupa.com.

Methodology
Coupa Clarity reports provide unique data and insights to help business leaders make smarter decisions to fuel growth, drive efficiency and productivity, and improve performance. This survey was conducted among 500 CFOs and finance leaders across the US, UK, Ireland, France and Germany. The survey was carried out online with an email invitation between November and December 2024 by Wakefield Research on behalf of Coupa.

About Coupa
Coupa is the leader in AI-native total spend management. Using its trusted, community-generated, $8 trillion dataset, Coupa brings autonomous AI agents, a network of 10M+ buyers and suppliers, and leading apps together on one unified platform to seamlessly automate the buying process and connect to customers in a whole new way. With Coupa, you’ll make margins multiply™. Learn more at coupa.com and follow us on LinkedIn and X (Twitter).

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Caltech Announces Eight Recipients of the 2025 National Brown Investigator Award

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Each investigator, recognized for curiosity-driven research in chemistry or physics, will receive up to $2 million over five years.

PASADENA, Calif., May 19, 2025 /PRNewswire/ — The Brown Institute for Basic Sciences at Caltech today announced the 2025 class of Brown Investigators. The cohort, the second to be selected through the Brown Institute for Basic Sciences, comprises eight distinguished mid-career faculty working on fundamental challenges in the physical sciences, particularly those with potential long-term practical applications in chemistry and physics. Each investigator will receive up to $2 million over five years.

The Brown Institute for Basic Sciences at Caltech, established in 2023 through a $400-million gift to the Institute from entrepreneur, philanthropist, and alumnus Ross M. Brown (BS ’56, MS ’57), seeks to advance fundamental science discoveries with the potential to seed breakthroughs that benefit society—a goal it shares with Caltech.

“Mid-career faculty are at a time in their careers when they are poised and prepared to make profound contributions to their fields,” Brown says, “My continuing hope is that the resources provided by the Brown Investigator Awards will allow them to pursue riskier innovative ideas that extend beyond their existing research efforts and align with new or developing passions, especially during this time of funding uncertainty.”

The 2025 investigators are:

Dmitry Abanin, Professor of Physics, Princeton University, to develop a new theoretical and computational framework to describe the emergent properties of quantum materials and synthetic quantum systems away from thermal equilibrium.

László Kürti, Professor of Chemistry, Rice University, to invent chemical strategies for constructing stable neutral polynitrogen cages—molecules made entirely from nitrogen atoms that store extraordinary energy. These elusive structures remain intact under ambient conditions yet release energy on demand without combustion and decompose cleanly into hot nitrogen gas, offering a revolutionary platform for propulsion and energy storage.  

Mark Levin, Associate Professor of Chemistry, University of Chicago, to translate lessons learned from skeletal editing of aromatic compounds (stable chemicals with a flat ring structure) to reactions with aliphatic compounds (three-dimensional, more reactive chemicals), with the goal of providing access to unusual compounds that are inaccessible using traditional chemical synthesis. 

Brad Ramshaw, Associate Professor of Physics, Cornell University, to develop a new technique using ultrasound to probe the electronic states of atomically thin materials.

Cindy Regal, Professor of Physics, University of Colorado Boulder, and Baur-SPIE Chair at JILA, to demonstrate quantum entanglement—a connection between particles like photons or atoms that persists despite their physical distance—with objects of larger mass than have been entangled before.

Xavier Roy, Professor of Chemistry, Columbia University, to design and explore materials in which electrons face competing pathways for motion, giving rise to complex behaviors that, if controlled, could enable new kinds of quantum technologies.

Hailiang Wang, Professor of Chemistry, Yale University, to expand electrocatalysis to convert inorganic waste molecules, such as CO2 and NOx, into valuable and functional organic compounds containing multiple carbon–carbon and carbon–nitrogen bonds.

Joel Yuen-Zhou, Associate Professor of Chemistry and Biochemistry, UC San Diego, for theoretical and computational work to utilize the sensitivity of some chemical reactions to the spin of the electron in photoredox catalysis to make the reaction select one of two enantiomers (mirror-image forms of compounds).

Brown established the Investigator Awards in 2020 through the Brown Science Foundation in support of the belief that “scientific discovery is a driving force in the improvement of the human condition,” according to its news release from the Science Philanthropy Alliance, which helped guide Brown in realizing his philanthropic vision.

“We’re delighted to partner with Ross Brown and the members of the Scientific Advisory Board of the Brown Institute for Basic Sciences to identify and support outstanding investigators in fundamental chemistry and physics,” says Caltech Provost David A. Tirrell, Carl and Shirley Larson Provostial Chair and Ross McCollum-William H. Corcoran Professor of Chemistry and Chemical Engineering.

A total of 21 investigators were recognized in the first four years of the program, including eight in the 2024 class, the first cohort to be installed under the auspices of the Brown Institute for Basic Sciences at Caltech.

Previous awardees include MIT’s Nuh Gedik, who is developing a new kind of microscopy that images electrons photo-emitted from a surface while also measuring their energy and momentum; Kerri A. Pratt from the University of Michigan, for research to discover the chemical compounds and chemical mechanisms that define the composition of the Arctic’s atmosphere, which is warming faster than elsewhere on Earth; Andrea Young of UC Santa Barbara, who is using novel fabrication techniques to make new kinds of qubits, the quantum computing analog of classical bits, in two-dimensional materials; Columbia University’s Tanya Zelevinsky, who studies spectroscopy of cold molecules for fundamental physics; Princeton University’s Waseem Bakr, who works with ultracold quantum gases to realize scalable architectures for quantum computation, and Robert Knowles, whose research will explore a novel hypothesis for the evolution of homochirality—the presence in nature of only one of two mirror-image forms of biomolecules. Caltech’s David Hsieh, Donald A. Glaser Professor of Physics and executive officer for physics, was among two inaugural recipients of the award in 2020.

Brown Investigators from all cohorts are invited to an annual meeting that offers opportunities to share ideas. The second annual meeting was held at Caltech in February 2025.

To determine the new cohort, a select number of research universities from across the country were invited to nominate faculty members who had earned tenure within the last 10 years and who are doing innovative fundamental research in the physical sciences. Nominees were then evaluated by an independent scientific review board that recommended grant winners. In administering the program, Caltech refrains from nominating its own scientists for Brown Investigator Awards. In return, the Institute draws other funds from the Brown gift to support fundamental research in chemistry and physics.

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