Market Forecast Report on Smart Pulse Oximeters 2016-2026
Smart pulse oximeter is one of the fastest growing product type in the vital sign monitoring devices segment. Smart pulse oximeter is a non-invasive medical device used to measure the oxygen saturation level and heart rate in human. Smart pulse oximeter is a clip like device also known as a probe and is placed on body parts such as fingertip or ear lobe to measure the heart rate and oxygen level. It uses infrared light to measure the oxygen level and heart rate. The measurement of oxygen level and heart rate are very important while performing surgeries and injecting the anaesthesia, because the changes in the oxygen level in such a conditions may cause life threatening effects. Smart pulse oximeter also used to check the human health with a conditions such as heart attack, heart failure, chronic obstructive pulmonary disease (COPD), anaemia, lung cancer and asthma. However, the readings of smart pulse oximeter may not accurate in peripheral vascular diseases. Smart pulse oximeters products market is segmented into handheld pulse oximeters, finger pulse oximeters, paediatric pulse oximeters and wrist pulse oximeters.. Hand held smart pulse oximeters are useful for pilots to check the oxygen level when they are operating at above 10,000 feet. These devices are also useful to the mountaineers and athletes to check the oxygen level. Paediatric pulse oximeters mainly used in the hospitals and these devices are separately designed to measure the oxygen saturation level and heart rate in the infants.
Smart pulse oximeter market has been segmented on the basis of product type, and end user
Smart Pulse Oximeter Market, by Product Type
- Finger Pulse Oximeter
- Handheld Pulse Oximeter
- Paediatric Pulse Oximeter
- Wrist Pulse Oximeter
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Smart Pulse Oximeter Market, by End User
- Ambulatory surgical centres
- Home Care Setting
The use of pulse oximeter in the home care settings has expanded over the last few years and is expected to register a healthy growth rate during the forecast period
Over the past few years, leading players in the vital sign monitoring devices segment are manufacturing devices with new technology such as Bluetooth which displays the readings in the smartphone. Moreover, the availability of cost effective smart pulse oximeters are the factors driving growth of overall smart pulse oximeter market. World Health Organization (WHO) started safety pulse oximetry project to improve the health in middle-income countries also expected to boost the smart pulse oximeter market. Increasing incidence rates of trauma conditions and increasing prevalence of heart related diseases are also expected to drive the smart pulse oximeter market. However, availability of high end devices to measure the heart rate is expected to hamper the overall market.
Depending on geographic region, Smart Pulse Oximeter Market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is estimated to contribute maximum revenue share in the global market of smart pulse oximeter followed by Europe. Asia Pacific regions are expected to grow at a higher growth rate owing to high occurrence of chronic disease. Middle East & Africa is expected to show a healthy growth rate during forecast period.
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Smart Pulse Oximeters Market: Key Players
Key players of smart pulse oximeter market are Nonin Medical Inc, Shenzhen Creative Industry Co.,Ltd, iHealth Labs Inc. Indiegogo, Inc., Technocare Medisystems, Contec Medical Systems Co.,Ltd., and Masimo