Infinium Global Research has added a new report on Wearable Pulse Oximeter Market. The report presents analysis of global as well as regional markets of wearable pulse oximeter market over the period of 2016 to 2024.
Global wearable pulse oximeter market is showing a positive trend of growth around the globe. There are many factors which are indicating a positive outlook of market for medium and long term. Rising need for continuous monitoring of patients in critical conditions and cost-effectiveness of wearable devices are major factors that are driving the market of wearable pulse oximeters. However, stringent safety regulations, lack of trained personnel, lack of supportive services related to application of wearable pulse oximeter are the restraining factors of this market for short term. Rising adoption of smartphones, their integration with wearable healthcare devices for easy monitoring of patient, are the opportunities of this market. Also, Introduction of technologically efficient and precise wireless pulse oximeters can drive the future growth of markets in medium and long term.
On the basis of region, the Global wearable pulse oximeter market, The market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America accounted for the maximum market share, due to rising adoption of smartphones, their integration with wearable healthcare devices, and strategic presence of key manufacturers in the region. These are considered to be core factors, responsible for the estimated dominance of North America. Asia Pacific region is projected to grow at the highest CAGR during the forecast period, 2018-2024.
May 2017; FDA cleared Oxitone's wrist-worn pulse ox for remote patient monitoring, that doesn't require a finger clip. As per the company’s statement the Oxitone 1000 – can pick up SpO2 and pulse rate with the same accuracy as traditional fingertip pulse oximeters.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global wearable pulse oximeter market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2018 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the global wearable pulse oximeter market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the wearable pulse oximeter market worldwide.
The report segments the global wearable pulse oximeter market on the basis of Product type and End-User.
Global Wearable Pulse Oximeter Market by Product Type
· Wrist Oximeters
· Ring-type Oximeters
· Fingertip Oximeters
· Others
Global Wearable Pulse Oximeter Market by End-User
· Hospitals
· Ambulatory Surgical Centers
· Clinics
· Home Care Settings
Companies Profiled in the Report
· Nonin Medical Inc.
· CONTEC MEDICAL SYSTEMS CO., LTD.
· Oxitone Medical Ltd
· Masimo Corporation
· Ambisea Technology Corp
· Medtronic
· True Wearables
· Koninklijke Philips N.V.
· American Diagnostic Corporation
· MTECGlobal co., Ltd.
About Infinium Global Research
Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.
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