Smart Pulse Oximeters Market Outlook 2017-2022 Industry Analysis, Opportunities, Segmentation and Forecast


Global Smart Pulse Oximeters Market is anticipated in a significant CAGR growth in the forthcoming period. Pulse oximetry is continuous and non-invasive method for monitoring the blood oxygen saturation level. It helps in checking the human health conditions that may trigger dangers to life in form of health failure, heart attack and chronic obstructive pulmonary disease. Measurement of oxygen level and heart rate is much important while conducting surgeries and hence Smart Pulse Oximeters Industry gains a remarkable significance in near future.

                


Driving factors responsible for the growth of Smart Pulse Oximeters Market include rise in geriatric population, technological progresses, growing prevalence of respiratory diseases and rise in demand for portable monitoring devices. Additional factors for the growth of Smart Pulse Oximeters Industry includes rise in respiratory diseases such as asthma, allergy owing to rise in air pollution and growth in number of chain smokers. Also, diseases such as chronic obstructive pulmonary disease, mainly a lung disease contributes to the market growth. Market restraints such as lack of awareness in emerging economies coupled with less adoption for smart pulse oximeters is likely to hinder the market growth.

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Product segmentation for Smart Pulse Oximeters Market include fingertip pulse oximeters, hand-held pulse oximeters, wrist-worn pulse oximeters and paediatric pulse oximeters which are further trifurcated into home environment, ambulatory & surgical centers (ASCs) and hospitals and clinics.

Geographical segmentation for Smart Pulse Oximeters Market include North America, South America, Europe, Asia-Pacific, Middle-East and Africa. North America accounts for a large share in the global market owing to rise in incidences of respiratory disorders, high disposable income, progress in healthcare infrastructure and rising awareness about smart pulse oximeters. APAC market is also expected to gain a significant share in the market growth pertaining to rising healthcare infrastructure coupled with rise in disposable income.

The key players in the Smart Pulse Oximeters Market include Contec Medical Systems Co Ltd, General Electric Company, Halma Plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Omron Corporation, Nonin Medical Inc and Smiths Group plc.

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