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Smart Pulse Oximeters Market

Smart Pulse Oximeters Market Size, Share & Segment 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), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2564 | July 2022 | Region: Global | 129 Pages

Report Scope & Overview:

The Smart Pulse Oximeters Market Size was valued at USD 1.61 billion in 2021, and is expected to reach USD 2.68 billion by 2028, and grow at a CAGR of 7.5% over the forecast period 2022-2028.

One tool for determining an individual's oxygen saturation is a pulse oximeter. It is a non-invasive approach that calculates the pulse rate and blood oxygen saturation level using laser beams. Pulse oximetry may be useful for people who have respiratory problems such pneumonia, lung cancer, infections, emphysema, and high blood pressure as well as cardiovascular problems like high blood pressure, congestive heart failure, coronary artery disease, and cardiac arrest. Additionally, to monitor blood oxygen saturation levels, they are also used on very young infants and people with sleep apnea. The continuing COVID-19 pandemic has dramatically increased demand for smart pulse oximeters since the illness lowers blood oxygen saturation levels, which pulse oximeters are needed to monitor.

Smart Pulse Oximeters Market

MARKET DYNAMICS

DRIVERS

  • An increase in the need for portable monitoring devices

  • An increase in the prevalence of cardiovascular and respiratory disorders due to the growing elderly population

  • Rising demand for smart medical devices in the home care setting and rising awareness of chronic conditions

  • More players are joining the market

RESTRAINTS

  • Potential for error

  • worries over healthcare data privacy and security, as well as an increase in data breach instances

OPPORTUNITIES

  • New developments in technology and the gadgets' portability

CHALLENGES

  • Devices are not accurate

IMPACT OF COVID-19

Over the course of the projection period, COVID-19 incidence is expected to have an impact on market growth. In the early stages of the pandemic, the majority of medical device businesses had curtailed or stopped their production and supply activities, which resulted in large losses and restrained the market for smart pulse oximeters. Nevertheless, there has been a great demand for smart pulse oximeters as the coronavirus outbreak has persisted. In order to take advantage of the increase in demand, several new businesses have joined the market to close the supply-demand gap and have gained a large portion of the market.

By Product Type

A finger pulse oximeter is a little clamp-like instrument used to check the level of blood oxygen saturation on an earlobe, finger, or toe. The readouts and measurements of heart rate, breathing rate, blood oxygen saturation, and other parameters are typically displayed on a small screen on these devices. Additionally, these smart gadgets have networking features like Bluetooth that make tracking and exchanging readings simple. These oximeters are the most common and extensively used ones. Finger pulse oximeters are the most popular type of smart pulse oximeter on the market.

A bigger display is typically used on handheld pulse oximeters to make it simple to see the patient's condition. A different, reusable sensor is attached to the finger with a clip and connected to the portable oxygen saturation monitor with a cable. Additional features like data storage memory, audio alarms, and rechargeable batteries may be present in these gadgets.

These pulse oximeters have a more user-friendly form factor than a large finger pulse oximeter and are worn by the patient on the wrist.

These pulse oximeters are used to monitor newborn children' vital signs and provide superior pediatric patient reaction time and sensitivity compared to adult pulse oximeters.

By End User

In hospitals and clinics, a sizable number of patients with chronic conditions are monitored. Patients typically prefer to be treated at hospitals and clinics because they offer comprehensive and modern therapies.

Ambulatory Surgery Centers, often known as ASCs, are cutting-edge medical facilities that offer same-day including diagnostic, surgical care, and preventive procedures, without the need for hospital admission. The number of patients utilizing the emergency medical services offered by ASCs for cardiovascular and respiratory disorders is predicted to rise during the forecast period. Additionally, the market is expected to grow as a result of the large increase of ASCs due to the rise in demand for them.

One of the end user sectors with the quickest growth is this one. This is attributable to the growing use of smart oximeters in home healthcare settings and rising patient awareness, particularly in light of the COVID-19 epidemic.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: 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.

MARKET SEGMENTS:

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

Smart Pulse Oximeters Market

REGIONAL ANALYSIS

North America garnered the major share in the smart pulse oximeter market, and is expected to continue to dominate during the forecast period, owing to increase in the product launches and surge in number of regulatory approvals. However, Asia-Pacific is expected to register highest CAGR for forecasted period, owing to increase in incidence of respiratory diseases and surge in presence of advance healthcare infrastructure.

REGIONAL COVEREGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Smart Pulse Oximeters Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.61 Billion
Market Size by 2028 US$ 2.68 Billion
CAGR CAGR of 7.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • 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)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 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.
Key Drivers • An increase in the need for portable monitoring devices
RESTRAINTS • Potential for error
• worries over healthcare data privacy and security, as well as an increase in data breach instances


Frequently Asked Questions (FAQ) :

 Ans. Smart Pulse Oximeters Market Size was expected to reach USD 2.68 billion by 2028

Ans. Finger Pulse Oximeters, Handheld Pulse Oximeters, Wrist Pulse Oximeters, and Pediatric Pulse Oximeters are sub segments of by product type of Smart Pulse Oximeters market.

Ans.  Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.

Ans Beurer GmbH, Contec Medical Systems Co., Ltd., GE Healthcare, iHealth Labs Inc, Koninklijke Philips N.V. are key players of Smart Pulse Oximeters Market.

Ans. Yes, this report covers qualitative and quantitative analysis.


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

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

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

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11.Company Profiles

11.1 Beurer GmbH

              11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Contec Medical Systems Co., Ltd.

11.3 GE Healthcare

11.4 iHealth Labs Inc

11.5 Koninklijke Philips N.V.

11.6 Nihon Kohden Corporation

11.7 Shenzhen Creative Industry Co., Ltd.

11.8 Masimo Corporation

11.9 Smiths Medical

11.10 Mindray Medical International Limited

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13.Conclusion

 

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