Get more information on Smart Pulse Oximeters Market - Request Sample Report
The Smart Pulse Oximeters Market Size was valued at USD 1.85 billion in 2023 and is expected to reach USD 3.56 billion by 2032 and grow at a CAGR of 7.5% over the forecast period 2024-2032.
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.
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
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 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.
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
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.
Need any customization research on Smart Pulse Oximeters Market - Enquiry Now
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
Major key players are 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.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.85 Billion |
| Market Size by 2032 | US$ 3.56 Billion |
| CAGR | CAGR of 7.5% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 |
Ans. Smart Pulse Oximeters Market Size was expected to reach USD 3.56 billion by 2032.
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- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Physiotherapy Equipment Market size was estimated at USD 20.24 billion in 2023 and is expected to reach USD 38.64 billion by 2032 with a growing CAGR of 7.45% during the forecast period of 2024-2032.
The Analytical Standards Market Size was valued at USD 1.60 billion in 2023 and is witnessed to reach USD 3.47 Billion by 2032 and grow at a CAGR of 9.36% over the forecast period 2024-2032.
The Epigenetics Market Size was valued at USD 15.2 Billion in 2023 and is expected to reach USD 66 Billion by 2032, growing at a CAGR of 17.7% over the forecast period 2024-2032.
The Allergic Conjunctivitis Market size was valued at USD 3.03 billion in 2023 and is expected to reach USD 4.90 billion by 2032 with an emerging CAGR of 5.7% Over the Forecast Period of 2024-2032.
The PET Scanners Market Size was valued at USD 2.6 Billion in 2023, and is expected to reach USD 4.9 Billion by 2032, and grow at a CAGR of 7.7%.
The Smart Fertility Tracker Market was valued at USD 0.17 billion in 2023, and is expected to reach USD 0.42 billion by 2032, and grow at a CAGR of 10.59% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
