Press release
Growing demand for monitoring devices to accelerate the Smart Pulse Oximeters Market
Tallinn, Estonia
DataM Intelligence’s latest market report titled ‘Global Smart Pulse Oximeters Market– Size, Share and Forecast (2019-2026)’ reflects the size, scope, industry dynamics, major firms and future trends in this market.
Smart Pulse Oximeters Market Dynamics
The growing prevalence of respiratory diseases, such as allergic disease and asthma, has been increasing rapidly due to increasing air pollution and a rapidly growing number of smokers. According to the World Health Organization (WHO), approximately 250,000 people die of asthma every year, globally. COPD is caused mainly due to tobacco smoke. Thus, increasing prevalence of respiratory diseases is expected to increase the demand for smart pulse oximeters for early detection and management of respiratory diseases.
Market Segmentation
The global market is segmented by-
Product type- Fingertip, hand-held, and wrist-worn.
End user- Hospitals and clinics, ambulatory surgical center, and home care.
Finger pulse oximeters are expected to hold the majority of market share in the period of forecast. The Onyx series by Nonin and CMS series by Contec Medical Systems are few of the prominent finger pulse oximeters in the market.
Global Smart Pulse Oximeters Market Geographical Share
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific, and the Middle East and Africa.
Asia-Pacific region is expected to thrive due to its high population base, increasing disposable incomes and increased patient awareness about smart pulse oximeters.
The prevalence of chronic obstructive pulmonary disease is also high in this region. According to WHO, in 2017, around 3 million people died of COPD in Asia-Pacific region. It is further expected that COPD is likely to increase in coming years due to higher smoking prevalence and aging populations in many Asian countries like Japan. Japan has the highest population of elderly in the world and it is expected that by 2030 around 62% of Japan’s population will be above 60.
Source- https://www.datamintelligence.com/research-report/smart-pulse-oximeters-market
As the global aging population is projected to reach 2.1 billion, by 2050, an increasing geriatric population will boost the market. Aging population boost the market of Pulse Oximeters.
Global Smart Pulse Oximeters Market Competition
Most key companies are focused on launching products with advanced features. Few of the recent approvals of the key products include –
In March 2019, Masimo got FDA clearance for the Rad-67™ Pulse CO-Oximeter® with Spot-check Next Generation SpHb® monitoring technology and the rainbow® DCI®-mini Reusable Sensor.
In January 2019, Masimo announced FDA Clearance of RRp®, Respiration Rate from the Pleth, on the MightySat™ Rx Spot-Check Fingertip Pulse Oximeter.
In October 2018, Masimo announced FDA Clearance for Masimo RD Sensors with Improved Accuracy Specifications for SET® Pulse Oximetry.
To know more, feel free to download a sample from the following portal -
https://www.datamintelligence.com/research-report/smart-pulse-oximeters-market
The market research report covers the following topics-
1. Global Smart Pulse Oximeters Market Methodology and Scope
2. Global Smart Pulse Oximeters Market – Market Definition and Overview
3. Global Smart Pulse Oximeters Market – Executive Summary
4. Global Smart Pulse Oximeters Market – Market Dynamics
5. Global Smart Pulse Oximeters Market – Industry Analysis
6. Global Smart Pulse Oximeters Market – By Product Type
7. Global Smart Pulse Oximeters Market – By End User
8. Global Smart Pulse Oximeters Market – By Region
8.1.North America
8.2.Europe
8.3.South America
8.4.Asia-Pacific
8.5.Middle East and Africa
9. Global Market – Competitive Landscape
10.Company Profiles
11. Global Smart Pulse Oximeters Market – Premium Insights
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About DataM Intelligence
DataM Intelligence 4Market Research is a Market Intelligence and Business Research firm, based in India. It aims to bridge the two main aspects of a business decision - opinion and supportive data.
DMI is currently strengthening its cross-industrial database for sectors including Chemicals, Materials, Agriculture, Healthcare Services, Animal Nutrition, Consumer Goods, Food & Beverages, Industrial Machinery, and Automation among others.
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