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Smart Pulse Oximeters Market to surpass USD 3.08 billion by 2030

02-20-2024 12:40 PM CET | Health & Medicine

Press release from: SNS Insider Pvt Ltd

Smart Pulse Oximeters Market

Smart Pulse Oximeters Market

The SNS Insider report indicates that the Smart Pulse Oximeters Market was valued at USD 1.73 billion in 2022, and is expected to reach market size of USD 3.08 billion by 2030, with a compound annual growth rate (CAGR) of 7.5% expected over the forecast period from 2023 to 2030.

Based on SNS Insider's research, several devices for the treatment of patients have been designed by smart pulse oximeter manufacturers, which can be used during a given period. These devices include wrist worn, fingertip, pediatric and hand-held pulse oximeters.

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The Major key players in Smart Pulse Oximeters

→Beurer GmbH,

→Contec Medical Systems Co., Ltd.,

→GE Healthcare, iHealth Labs Inc,

→Koninklijke Philips N.V.,

→Nihon Kohden Corporation,

→Shenzhen Creative Industry Co., Ltd.,

→Masimo Corporation,

→Smiths Medical,

→Mindray Medical International Limited,

→Nonnin Medical

→and Other Players.

Smart Pulse Oximeters Market Report Scope -

The global market for Smart pulse oximeters is driven by the rising incidence of cardiovascular and pulmonary diseases worldwide. They're portable medical devices that measure blood oxygen saturation and pulse rate. Another important factor driving market growth is the rising incidence of respiratory diseases, such as COPD and asthma. In addition, the global pulse oximeters market size is projected to grow during the forecast period as a result of increasing demand for compact and user comfortable healthcare devices.

Smart Pulse Oximeters Market Growth Factors-

Integration of Smart Pulse Oximeters with Smart Watches
During the pandemic, affordable finger clamp pulse oximeters became a common household item. Modern gadgets can operate while still attached to the wrist, but they require users to remain completely still for several seconds in order to perform a single on-the-spot examination. Most modern watches and fitness trackers contain sensors that can detect the pulse and sleep. If one is looking to enhance their exercise game, a fitness tracker with a pulse oximeter can help. Since blood oxygen saturation levels can indicate how well individuals handle increasing activity, this is a good idea. If users overdo it, for example, their levels may decrease to dangerously low levels, warning that they should ease up. It's also a must-have sensor for alpine climbers who venture to higher altitudes where the air is thinner.

Smart Pulse Oximeters Segmentation Analysis -

By Product Type
→Finger Pulse Oximeters
→Handheld Pulse Oximeters
→Wrist Pulse Oximeters
→Pediatric Pulse Oximeters

By End User
→Hospitals & Clinics
→Ambulatory Surgical Centers
→Home Care Setting

The pulse oximeter market is divided into disposable sensors and reusable probes according to the type of pulse oximeter. The disposable sensor segment accounted for 75.1% of the total revenue in 2022, and its strong growth is due to its ability to monitor without invasiveness and its light weight characteristics for better patient satisfaction. In addition, the disposable sensors provide excellent flexibility and biocompatibility of the sensitive material used in this product as well as its suitability for long term monitoring applications. Moreover, its adoption was further supported by the increased capacity of disposable sensor oximeters to prevent cross contamination and HAIs. Honeywell International Inc., NIHON KOHDEN CORPORATION and others are some of the leading suppliers of disposable sensor devices.

The market is divided into hospitals and other healthcare facilities and homecare, according to the end use segment. In 2022, the hospital and other healthcare facilities segment accounted for the biggest revenue share. The growing number of hospital admissions requiring continuous patient monitoring systems is to be blamed for the exponential growth in this segment. Moreover, the demand for these devices is expected to increase during the forecast period due to a growing number of hospitals and increasing patient numbers in healthcare facilities with regard to asthma and COPD management.

Smart Pulse Oximeters Key Regional Development -

Due to the presence of leading market players in the region, as well as increasing investments by them into developing technologically advanced oximeters, North America led the global pulse oximeter market with a share of 48.8% in 2022. In addition, factors that are expected to drive the market in this region include increasing use of pulse oximeters by home health care providers and a swift uptake of electric pulse oximeters. Moreover, the region's expansion is being facilitated by its technologically advanced healthcare system and an increase in hospital admissions due to a high incidence of diseases.

Asia Pacific is projected to grow at an attractive rate during the forecast period. The factors driving regional growth are an increased prevalence of targets diseases, improvements in health care infrastructure and more awareness about effective patient monitoring devices. In addition, the growth of this region is supported by increasing demand for sophisticated products and a growing need for noninvasive, remote monitoring solutions to monitor patients.

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Key Takeaway from Smart Pulse Oximeters Market Study-

Remote monitoring of patients: Smart pulse oximeters offer a convenient way for individuals to monitor their oxygen saturation levels from home, as the trend towards telemedicine and remote healthcare grows.

Technology improvements: smart pulse oximeters, which include Bluetooth connectivity, mobile apps for data collection and integration with the rest of the health monitoring equipment, are becoming more advanced.

Recent Development Related to Smart Pulse Oximeters Market -

In Jun-2022, Masimo Corporation has introduced W1, a monitor for continuous monitoring of several health parameters that include oxygen saturation SpO2, pulse rate, perfusion index, PVi and respiration rates, together with step counts and falling detection. Masimo's aim is to bring its expertise in the area of health monitoring, connectivity and automation to consumers who want to control their own health, e.g. those interested in improving their physical training or recovery, quality of sleep as well as their overall physiology.

In Dec-2021, Medtronic's INVOS 7100 system for cerebral and sensory oximeter has been approved by the Food and Drug Administration. The platform offers continuous, noninvasive readings of organ-specific regional blood oxygen levels in four site-specific areas selected by the care team, along with oxygen saturation from vascular beds to examine organs individually or in combination to track brain/body perfusion shifts.

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Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 forces model

7. PEST Analysis

8. Smart Pulse Oximeters Market Segmentation, By Product Type
8.1 Finger Pulse Oximeters
8.2 Handheld Pulse Oximeters
8.3 Wrist Pulse Oximeters
8.4 Pediatric Pulse Oximeters

9. Smart Pulse Oximeters Market Segmentation, By End User

9.1 Hospitals & Clinics

9.2 Ambulatory Surgical Centers

9.3 Home Care Setting

10. Regional Analysis

11. Company Profiles

12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments

13. Conclusion

continued

Access Complete Report Details with Toc and Graphs@ https://www.snsinsider.com/reports/smart-pulse-oximeters-market-2564

Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com

About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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