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 Insights

Global 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).

A pulse oximeter is a tiny, non-invasive electrical gadget that gauges changes in blood oxygen saturation. It can be fastened to bodily parts like toes, noses, ears, and fingers. Any of these body components can be penetrated by a wavelength of light that is used to measure oxygen saturation and pulse rate. They are frequently used by medical workers in critical care environments like hospitals or emergency rooms. There are numerous oximeters in the market. The equipment can be used to keep an eye on patients with serious respiratory conditions.

Rising rates of respiratory illnesses are thought to be the cause of the market's expansion. The product's technological developments are also expected to increase demand for pulse oximeters. Over the course of the forecast period, growing product releases and newly developed regulatory rules and recommendations regarding the use of pulse measuring devices are also anticipated to fuel the expansion of the global pulse oximeter market.

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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

$5,300
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