According to Stratistics MRC, the Global Smart Pulse Oximeters market is accounted for $766.56 million in 2016 and is expected to reach $1378.95 million by 2023 growing at a CAGR of 8.7%.
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Increasing incidences of chronic diseases, technological advancements and soaring demand for portable monitoring devices are the some of the major factors driving the market growth. However, lack of awareness in developing economies is hampering the market. Increase in healthcare expenditure in emerging economies and proactive monitoring of the health status are creating ample opportunities for the players in the market.
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By Product the Fingertip pulse oximeters holds the largest market share during the forecast period due to its characteristics such as easy to use, light weight and increasing prevalence of respiratory diseases. Finger pulse oximeters provide accurate readings within seconds making it the perfect device for spot checks. Finger pulse oximeters display SpO2 (Oxygen Saturation %) and heart rate in beats per minute.
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Geographically, North America holds the largest market share during the forecast period. Rising respiratory diseases, well established healthcare infrastructure, high disposable income and increasing awareness of smart pulse oximeters are the some of the major factors contributing to the growth of the market in the region.
Some of the key players in the Smart Pulse Oximeters market are Medtronic PLC, General Electric Company, Masimo Corporation, Contec Medical Systems Co., Ltd., Smiths Group PLC, Omron Corporation, Halma PLC, Koninklijke Philips N.V., Nonin Medical, INC., iHealth Labs Inc., Technocare Medisystems, Shenzhen Creative Industry Co.,Ltd and Indiegogo, Inc.
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• Pediatric Pulse Oximeters
• Fingertip Pulse Oximeters
• Wrist-worn Pulse Oximeters
• Hand-held Pulse Oximeters
• Other Products
End Users Covered:
• Ambulatory surgery centers (ASC)
• Home Care Setting
• Hospitals & Clinics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
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