Wearable Pulse Oximeters Market Analysis, Forecast, and Assessment 2025
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The global wearable pulse oximeters market has been segmented based on product and end-user. Based on product, the market has been segmented into wrist oximeters, ring-type oximeters, fingertip oximeters, and others. The fingertip oximeters segment held the maximum market share in 2016, due to simple and convenient usage and cost-effectiveness of these pulse oximeters. On the other hand, the wrist oximeters segment is estimated to register the maximum CAGR from 2017 to 2025, which is attributable to the effectiveness of wrist pulse oximeters in analyzing the severity of the respiratory impairment. Introduction of technologically efficient and precise wireless pulse oximeters by key market players such as Koninklijke Philips N.V., and True Wearables is estimated to fuel the others segment between 2017 and 2025.
Based on end-user, the global wearable pulse oximeters market has been divided into hospitals, ambulatory surgical centers, clinics, and home care settings. The home care settings segment accounted for the maximum market share in 2016, which is attributable to rising awareness about chronic respiratory diseases among general population, and integration of wearable pulse oximeters with smartphones. The home care settings segment is estimated to remain dominant throughout the forecast period, due to rising adoption of wearable pulse oximeters as a standard diagnostic technique for analyzing the level of saturated oxygen in the body.
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Geographically, the global wearable pulse oximeters market has been classified into five regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the maximum market share in 2016, due to rising adoption of smartphones, their integration with wearable health care devices, and strategic presence of key manufacturers of vital sign monitoring devices in the region. The increasing environmental pollution in the U.S. and Canada is leading to increase in the number of patients suffering from respiratory diseases in these countries. This is considered to be a major factor responsible for the estimated dominance of North America in the global wearable pulse oximeters market from 2017 to 2025. On the other hand, the market in Asia Pacific is likely to register the maximum CAGR during the forecast period, owing to rising prevalence of respiratory diseases in developing countries of Asia, low cost of wearable pulse oximeters, and their rising adoption in outpatient clinics in the region
Prominent players operating in the global wearable pulse oximeters market are Nonin Medical Inc., CONTEC MEDICAL SYSTEMS CO., LTD., Oxitone Medical Ltd., Masimo Corporation, Ambisea Technology Corp., Medtronic, True Wearables, Koninklijke Philips N.V., and American Diagnostic Corporation. Integration of technologically advanced features of android and iOS smartphones with pulse oximeters is a major trend being adopted by key manufacturers in the global wearable pulse oximeters market.
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