Smart Pulse Oximeters Market 2021 Strategic Assessment – ontec Medical Systems Co., Ltd., GE Healthcare, Halma plc, Koninklijke Philips N.V.

Smart Pulse Oximeters Market - Growth, Trends And Forecasts (2020 - 2025)

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Competitive Landscape: The market studied is a fragmented market owing to the presence of various market players. The market players are focusing on the R&D to develop new and efficient products in the market. Some of the market players are Contec Medical Systems Co., Ltd., GE Healthcare, Halma plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nihon Kohden Corporation, Nonin Medical, Inc., Omron Corporation, and Smiths Group plc.

Scope of the Report

The smart pulse oximeters are used to monitor the oxygen saturation of hemoglobin in the arterial blood non invasively. These devices use infrared light to measure the oxygen level and heart rate. The rising prevalence of cardiovascular diseases is expected to boost the demand for smart pulse oximeters.

Key Market Trends:  

Finger Pulse Oximeter is the Segment by Product Type which is expected to hold Largest Market Share over the Forecast Period

The finger pulse oximeters are expected to hold the largest market share owing to the extensive features associated with the devices. Furthermore, with the rising technological advancement and portability in the devices, the market is expected to witness high growth. Also, the availability of cost-effective pulse oximeters is expected to increase the adoption in the market. The finger pulse oximeter offers fast, accurate readings of blood oxygen saturation and pulse rate.

Recently in January 2019, Masimo Corporation announced FDA clearance of the measurement of respiration rate from the pleth (RRp) on the MightySat Rx spot-check fingertip pulse oximeter. Thus, owing to the all above-mentioned factors the market is expected to witness high growth.

North America is Expected to Hold Largest Market Share over the Forecast Period

The United States is expected to be the largest smart pulse oximeters market owing to the presence of better healthcare infrastructure and the presence of major market players. According to the Centers for Disease Control and Prevention 2018, heart disease is the leading cause of death for both men and women in the United States. It is responsible for 1 in every 4 deaths and more than 610,000 people die every year from the disease. Also, there is a high demand for portable pulse oximeters in the market. The rising prevalence of cardiovascular diseases is expected to increase the demand for a smart pulse oximeter.

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This research report also presents some significant practical oriented case studies which help to understand the subject matter clearly. The Smart Pulse Oximeters research report has been prepared through industry analysis techniques and presented in a professional manner by including effective info-graphics whenever necessary. It helps to gain stability in the businesses as well as to make the rapid developments to achieve a notable remark in the Global market space.

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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