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Global Smart Pulse Oximeters Market Size, Trends, Report: By Product Type: Finger Pulse Oximeters, Handheld Pulse Oximeters, Wrist Pulse Oximeters, Wireless Pulse Oximeters, Other; By End User: Hospitals and Clinics, Ambulatory Surgical Centres, Home Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Smart Pulse Oximeters Market Outlook
The global smart pulse oximeters market size was valued at USD 1.9 billion in 2023, driven by the increasing prevalence of cardiovascular diseases across the globe. The market size is anticipated to grow at a CAGR of 6.3% during the forecast period of 2024-2032 to achieve a value of USD 3.3 billion by 2032.
Smart Pulse Oximeters: Introduction
Smart pulse oximeters are smart devices used to measure oxygen saturated in the bloodstream with a non-invasive method. Smart pulse oximeters are called smart as they have the capability of synchronizing with several smart medical devices including smartphones, tablets, and computers, through Bluetooth or Wi-Fi connectivity. This enables the device to provide real-time data and, in some cases, store historical data for tracking and analysis. The smart pulse oximeters provide features such as oxygen saturation measurement, pulse rate monitoring, and connectivity, supported by multiple smart platforms such as mobile devices, and mobile apps.
Global Smart Pulse Oximeters Market Analysis
The market is driven by new product launches by the market key players enabling the measurement of oxygen saturation and heart rate in infants. The increased FDA approvals for these new products are major trends influencing the market growth. For example, The Food and Drug Administration (FDA) has approved BabySat™, a prescription pulse oximetry device for infants that is designed as a wire-free sock to be worn for at-home monitoring. The device uses pulse oximetry technology to track an infant’s heart rate and oxygen saturation level. When readings fall outside the ranges set by a clinician, BabySat provides an alert to the caregiver. The market is also driven by the increased research and development contributing to the global smart pulse oximeters market growth. For example, BioIntellisense announced the launch of its pulse oximetry device approved by the FDA, an optical sensor that accurately measures blood oxygen levels across the full range of skin colours from light to very dark.
The increasing number of clinical trials in the market is also driving the market growth. For example, an article associated with a study was published on MDPI where a model was used to suggest a mirror-coated ring-type pulse oximeter to enhance the sensitivity by up to 80% and improve power consumption by up to 65% compared to the mirror-uncoated structure. Such studies may result in increasing the adoption of these improved smart pulse oximeters and their utility in various healthcare and monitoring settings. Enhanced sensitivity of these devices can lead to better patient outcomes, greater trust in technology, and a competitive edge for manufacturers in the growing smart pulse oximeter market, further propelling the market growth.
Global Smart Pulse Oximeters Market Segmentations
Market Breakup by Product Type
- Finger Pulse Oximeters
- Handheld Pulse Oximeters
- Wrist Pulse Oximeters
- Wireless Pulse Oximeters
- Other
Market Breakup by End User
- Hospitals and Clinics
- Ambulatory Surgical Centres
- Home Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Smart Pulse Oximeters Market Overview
The market growth is majorly driven by the increasing prevalence of cardiovascular diseases. The growing geriatric population is also a major factor contributing to the demand for portable and smart pulse oximeters. The growing technological advancements in the market are contributing to the increased adoption of smart pulse oximeters as they offer several enhanced features helpful in the measurement of oxygen saturation in blood. The market is also driven by the rising prevalence of cardiovascular diseases and associated deaths, further propelling the market growth. The increased product launches by the key players in the market is another factor driving the global smart pulse oximeters market growth, coupled with mergers and acquisitions as well. The demand for smart pulse oximeters is expected to rise due to the rising incidences of cardiovascular disorders among the geriatric population, further boosting the market growth.
Geographically, North America is leading the regional market and is expected to keep leading throughout the forecast period as well. The region is leading due to the surging demand for smart pulse oximeters, especially for the diagnosis of COVID-19 patients.
Global Smart Pulse Oximeters Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Contec Medical Systems Co. Ltd
- Masimo Corporation
- Meditech Equipment Co. Ltd.
- Medtronic
- Nonin Medical Inc.
- Omron Corporation
- Koninklijke Philips N.V
- Promed Technology Co.Ltd
- Smith Group Plc
- Tenko Medical Systems
- GE Healthcare
- Nihon Kohden Corporation
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Smart Pulse Oximeter Market Overview
3.1 Global Smart Pulse Oximeter Market Historical Value (2017-2023)
3.2 Global Smart Pulse Oximeter Market Forecast Value (2024-2032)
4 Global Smart Pulse Oximeter Market Landscape
4.1 Global Smart Pulse Oximeter Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Smart Pulse Oximeter Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by End User
5 Global Smart Pulse Oximeter Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Smart Pulse Oximeter Market Segmentation
6.1 Global Smart Pulse Oximeter Market by Product Type
6.1.1 Market Overview
6.1.2 Finger Pulse Oximeters
6.1.3 Handheld Pulse Oximeters
6.1.4 Wrist Pulse Oximeters
6.1.5 Wireless Pulse Oximeters
6.1.6 Other
6.2 Global Smart Pulse Oximeter Market by End User
6.2.1 Market Overview
6.2.2 Hospitals and Clinics
6.2.3 Ambulatory Surgical Centres
6.2.4 Home Healthcare
6.2.5 Others
6.3 Global Smart Pulse Oximeter Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Smart Pulse Oximeter Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Smart Pulse Oximeter Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Smart Pulse Oximeter Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Smart Pulse Oximeter Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Smart Pulse Oximeter Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Contec Medical Systems Co. Ltd
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Masimo Corporation
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Meditech Equipment Co. Ltd.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Medtronic
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Nonin Medical Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Omron Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Koninklijke Philips N.V
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Promed Technology Co.Ltd
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Smith Group Plc
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Tenko Medical Systems
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 GE Healthcare
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Nihon Kohden Corporation
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
18 Global Smart Pulse Oximeter Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 1.9 billion in 2023, driven by the increasing number of clinical trials.
The market is anticipated to grow at a CAGR of 6.3% during the forecast period of 2024-2032 and is likely to reach a market value of USD 3.3 billion by 2032.
The growing incidence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, are major factors driving the market growth.
The increasing technological advancements and new product launches by key market players are among the major market trends influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Various products in the market are finger pulse oximeters, handheld pulse oximeters, wrist pulse oximeters, and wireless pulse oximeters, among others.
End users in the market are hospitals, clinics, ambulatory surgical centres, and home healthcare, among others.
Key players involved in the market are Contec Medical Systems Co. Ltd, Masimo Corporation, Meditech Equipment Co. Ltd., Medtronic, Nonin Medical Inc., Omron Corporation, Koninklijke Philips N.V., Promed Technology Co.Ltd, Smith Group Plc, Tenko Medical Systems, GE Healthcare, and Nihon Kohden Corporation.
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