Wearable Pulse Oximeter Market Increase in the R&D activities For Better Health Monitoring

According to Precision Business Insights (PBI), the latest report, the market value of the wearable pulse oximeter market size is expected to be valued at USD 694.4 million in 2022 which is expected to grow at a CAGR of 8.6% over 2022-2028. The primary factors that drive the market are the increasing prevalence of cardiovascular and pulmonary diseases in the geriatric population, increasing acceptance of telehealth and telemedicine, and rising acceptance of wearable pulse oximeters in home healthcare settings.

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Hospitals to Dominate the Wearable Pulse Oximeter Market:
Based on end-user type, the hospital holds the highest market share. The major factor for the rise of this segment is the increasing geriatric population. Moreover, increasing the implementation of monitoring devices such as oximeters during the treatment and diagnostic stages can drive the global wearable pulse oximeter market growth. Apart from this, extensive adoption of wearable pulse oximeters for the assessment of oxygen saturation levels in patients suffering from COVID-19 can also drive the growth of the market.

North America Wearable Pulse Oximeter Market:
North America leads the global wearable pulse oximeter market growth due to the rising number of geriatric populations in the coming years and the resulting rise in the prevalence of respiratory diseases. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of wearable pulse oximeters in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global wearable pulse oximeter market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In June 2022, Garmin launched Vivosmart 5 with a blood oxygen level monitor in India.

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The wearable pulse oximeter market is segmented based on, product type, distribution channel, end users, and region.
Based on the product type, the market is segmented into the following:
• Fingertip Oximeter
• Ring-type Oximeter
• Wrist Oximeter

Based on the distribution channel type, the market is segmented into the following:
• Offline
• Online

Based on the end users, the market is segmented into the following:
• Ambulatory Surgical Center
• Clinic, Home Care Setting
• Hospital
• Personnel

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the wearable pulse oximeter market report are Apple Inc., Contec Medical Systems Co., Ltd., Fitbit, Inc., GOQii, Garmin Ltd., Isansys Ltd., Koninklijke Philips N.V., MTEC Global Co., Ltd., Masimo Corporation, and MedIoTek Health Systems Pvt. Ltd.

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