The Infinium Global Research analyzes the Wearable Pulse Oximeter Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global wearable pulse oximeter market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of wearable pulse oximeter. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the wearable pulse oximeter market during the period. The global wearable pulse oximeter market is projected to grow at a CAGR of 7.5% over the forecast period of 2018-2024.
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Pulse oximeters are small, portable, and lightweight devices that can be painlessly attached to 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.
Rising Adoption of Smartphones, Their Integration with Wearable Healthcare Devices for Easy Monitoring of Patient, are the Opportunities of this Market
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.
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North America Accounted for the Maximum Market Share
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.
Wearable Pulse Oximeter Market: Segmentation
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.
Wearable Pulse Oximeter Market: Competitive Landscape
The report provides profiles of the companies in the global wearable pulse oximeter market such as, Nonin Medical Inc., one Medical Ltd, Masimo Corporation, Ambisea Technology Corp, Medtronic, True Wearables, Koninklijke Philips N.V., American Diagnostic Corporation and MTECGlobal co., Ltd.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the wearable pulse oximeter.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.