A recent report published by Infinium Global Research on wearable pulse oximeter market provides an in-depth analysis of segments and sub-segments in global as well as regional wearable pulse oximeter market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional wearable pulse oximeter market over the short term as well as long-term. The report is a comprehensive presentation of trends, forecast and dollar values of global wearable pulse oximeter market. According to the report the global wearable pulse oximeter market is projected to grow at a CAGR of 7.5% over the forecast period of 2018-2024.
Pulse oximeters are small, portable, and lightweight devices that can be painlessly attached to the fingertips in order to monitor and analyze the amount of peripheral oxygen saturated in the body. These devices continuously monitor the pulse rate and blood oxygen saturation and provide doctors with an indication of the patient’s cardio-respiratory status. This device measures the distribution of oxygen in the body parts from the heart to the arms and the legs. Some of the wearable pulse oximeters measure the heart rate also.
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 the 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 the application of wearable pulse oximeter are the restraining factors of this market for the short term. Rising adoption of smartphones, their integration with wearable healthcare devices for easy monitoring of the 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 the 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 the 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
The report on global wearable pulse oximeter market covers segments such as product type and end-user. On the basis of product type, the global wearable pulse oximeter market is categorized into wrist oximeters, ring-type oximeters, fingertip oximeters, and others. On the basis of end-user, the global wearable pulse oximeter market is categorized into hospitals, ambulatory surgical centers, clinics, and home care settings.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2018-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2016-2024.
The report provides profiles of the companies in the global wearable pulse oximeter market such as 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, and MTECGlobal co., Ltd.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global wearable pulse oximeter market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of wearable pulse oximeter market. Moreover, the study highlights current market trends and provides forecast from 2016-2024. We also have highlighted future trends in the wearable pulse oximeter market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the wearable pulse oximeter market to understand the present and future trends in this market and formulate their strategies accordingly.