Global Smart Pulse Oximeters Market

Smart Pulse Oximeters Market Size, Share, Growth Analysis, By Product Type(Fingertip Oximeters, Handheld Oximeters, Tabletop Oximeters), By Technology(Conventional, Smart), By Age Group(Adult, Pediatrics ), By End-User(Hospitals and Ambulatory Surgical Centers, Clinics, Home Healthcare), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2895 | Region: Global | Published Date: May, 2024
Pages: 219 | Tables: 115 | Figures: 72

Smart Pulse Oximeters Market News

  • Masimo, a leader in pulse oximetry and noninvasive monitoring technologies, unveiled the newest generation in its line of wearable technology in March 2023. With its accurate and ongoing health tracking feature, the Masimo Freedom smartwatch has completely transformed the wearable technology market, giving consumers control over their privacy and health. Additionally, it contains a state-of-the-art hardware function that reduces radiation.
  • The US FDA is anticipated to grant Medtronic plc (ireland) 510(k) clearance for their nellcor oxysoft neonatal-adult spo2 sensor in 2022. With its extended adherence, this innovative silicone-adhered pulse oximeter sensor is intended to safeguard the delicate skin of newborns.
  • In June 2022, The Garmin Vivosmart 5 fitness band has introduced in India. The new fitness tracker comes with Women's health tracking, Heart rate monitoring, body battery energy monitoring, step count, calorie count, stress tracking, and blood oxygen level monitoring.
  • In March 2022, the development of remote patient monitoring services for chronic conditions like chronic obstructive pulmonary disease (COPD) and heart disease has been accelerated by Smart Meter's release of the iPulseOxTM. It is one the first cellular-connected pulse oximeters in the world. Smart Meter is an introduced in cellular-enabled remote patient monitoring (RPM) data and devices.
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Smart Pulse Oximeters Market was valued at USD 2.64 Billion in 2022, and is poised to grow from USD 2.96 Billion in 2023 to reach USD 4.14 Billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

Strong direct and indirect presence of key companies, along with their varied product offering, are the reasons behind their significant market share. Furthermore, one of the key elements predicted to improve masimo's standing in the market is the launch of technologically sophisticated items. 'NIHON KOHDEN CORPORATION', 'Medtronic', 'Masimo', 'Nonin', 'Beurer GmbH', 'GE Healthcare (General Electric Company)', 'VYAIRE', 'Koninklijke Philips N.V.', 'Smiths Medical (ICU Medical Inc.)', 'Welch Allyn Inc.', 'Becton, Dickinson and Company', 'Edwards Lifesciences Corporation', 'Criticare Systems, Inc.', 'Spacelabs Healthcare Inc.', 'CAS Medical Systems, Inc.'

The market is expanding due to ongoing technical developments in medical equipment, such as smart pulse oximeters. The capabilities and features of smart pulse oximeters are being improved by innovations including miniaturization, wireless networking, integration with wearables and smartphones, and sophisticated sensor technologies. This makes the devices more practical, accurate, and easy to use.

Transforming Finger Pulse Oximeters for Healthcare Monitoring: A small pulse oximeter is a non-invasive medical device that measures an individual's oxygen saturation of circulating arterial blood using spectrophotometry. The sensor is usually attached to a finger, toe, or earlobe. The device calculates the percentage of oxygenated hemoglobin pulsating through a network of blood capillaries.

The pulse oximeter market was dominated by North America, and this trend is anticipated to continue over the projection period. The region's market is predicted to develop because of the wireless pulse oximeter's quick adoption and the rising use of the device in home healthcare. Furthermore, it is projected that a strong presence of market participants in the region, a rise in hospital admissions and ascs, and an increasing number of patients with chronic respiratory disorders will propel market expansion throughout the region.

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Global Smart Pulse Oximeters Market

Report ID: SQMIG35A2895

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