Market Overview:
The global wrist-worn pulse oximeter market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of respiratory diseases, growing geriatric population, and technological advancements in pulse oximeters. Based on type, the global wrist-worn pulse oximeter market is segmented into separate sensor and integrated sensor. The integrated sensor segment is expected to grow at a higher CAGR than the separate sensor segment during the forecast period. This can be attributed to its advantages such as low power consumption and small size. Based on application, the global wrist-worn pulse oximeter market is divided into hospital, ambulatory surgical center (ASC), and home care settings. The hospital setting segment dominates this market owing to rising number of patients suffering from respiratory diseases that require continuous monitoring of oxygen saturation levels through pulse oximetry devices.
Product Definition:
A wrist-worn pulse oximeter is a device that is used to measure the oxygen levels in a person's bloodstream. It is often worn on the wrist, but can also be worn on other parts of the body. The device works by passing light waves through a person's blood vessels and measuring how much light is absorbed. This information can then be used to calculate the amount of oxygen in a person's blood.
Separate Sensor:
The separate sensor in wrist-worn pulse oximeter market is used to measure SpO2 levels. It helps in providing safety while performing any outdoor activity such as gardening, walking, running and so on. The growing demand for wearable medical devices among the common mass along with rising awareness regarding personal health are some of the major factors driving the growth of this market.
Intergated Sensor:
Intergated sensor is a new technology that has evolved over the years and it is used in wrist-worn pulse oximeters to measure oxygen saturation level in patients. The intergated sensors are thin, flexible, and lightweight devices that consist of an optical fiber for transmission of light along with an optoelectronic device for sensing the light scattering or absorption property. These sensors have overcome many challenges such as high cost associated with traditional bulky sensors thereby increasing its adoption rate over the years.
Application Insights:
The market is segmented on the basis of application into hospital, ambulatory surgical center, and home care. The hospital segment dominated the global wrist-worn pulse oximeter market in 2017 due to factors such as increasing prevalence of chronic diseases such as diabetes and high number of surgeries. In addition, an increase in healthcare spending by governments across the globe has led to a rise in demand for point-of-care diagnostic devices that provide accurate results at minimal costs.
The home care application segment is expected to witness lucrative growth over the forecast period owing to rising awareness about pulse oximeters among consumers and healthcare professionals coupled with technological advancements that have made it easier for patients to use these devices at home without medical assistance. For instance, fingerstick sensors have been replaced by noninvasive sensor wearables that can be used even when patients cannot get proper blood flow through their arteries or veins due its disease or injury state.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, high healthcare expenditure, and increasing awareness about pulse oximeters. In addition, growing adoption of new technologies and availability of advanced products are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising disposable income coupled with improving healthcare infrastructure in emerging countries such as India and China. Furthermore, an increase in chronic diseases prevalence such as respiratory failure or cardiac arrest cases is further expected fuel growth for these devices during the forecast period.
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases (NCDs) such as heart disease, stroke, cancer, and diabetes account for more than 60% of all deaths worldwide. This is expected to drive the demand for wrist-worn pulse oximeters in the coming years.
- Growing awareness about early diagnosis and treatment: There is a growing awareness among people about the importance of early diagnosis and treatment for chronic diseases. This has led to an increase in demand for diagnostic devices such as wrist-worn pulse oximeters.
- Technological advancements: The technological advancements in pulse oximetry are helping to improve accuracy and reliability of these devices. This is resulting in increased adoption rates among healthcare professionals worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wrist-worn Pulse Oximeter Market Research Report
By Type
Separate Sensor, Intergated Sensor
By Application
Hospital, Ambulatory Surgical Center, Home Care
By Companies
Nonin, Koninklijke Philips, VYAIRE MEDICAL, Smiths Medical, Hill Rom Holding Inc., Edwards Lifesciences Corporation, Medtronic, Masimo, Beurer GmbH, Maxtec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Wrist-worn Pulse Oximeter Market Report Segments:
The global Wrist-worn Pulse Oximeter market is segmented on the basis of:
Types
Separate Sensor, Intergated Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Ambulatory Surgical Center, Home Care
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nonin
- Koninklijke Philips
- VYAIRE MEDICAL
- Smiths Medical
- Hill Rom Holding Inc.
- Edwards Lifesciences Corporation
- Medtronic
- Masimo
- Beurer GmbH
- Maxtec
Highlights of The Wrist-worn Pulse Oximeter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Separate Sensor
- Intergated Sensor
- By Application:
- Hospital
- Ambulatory Surgical Center
- Home Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wrist-worn Pulse Oximeter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A wrist-worn pulse oximeter is a small, portable device that measures oxygen levels in the blood. It is often used to monitor patients who are having surgery or who are receiving medical treatment that may cause them to experience low oxygen levels.
Some of the major players in the wrist-worn pulse oximeter market are Nonin, Koninklijke Philips, VYAIRE MEDICAL, Smiths Medical, Hill Rom Holding Inc., Edwards Lifesciences Corporation, Medtronic, Masimo, Beurer GmbH, Maxtec.
The wrist-worn pulse oximeter market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wrist-worn Pulse Oximeter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wrist-worn Pulse Oximeter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wrist-worn Pulse Oximeter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wrist-worn Pulse Oximeter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wrist-worn Pulse Oximeter Market Size & Forecast, 2020-2028
4.5.1 Wrist-worn Pulse Oximeter Market Size and Y-o-Y Growth
4.5.2 Wrist-worn Pulse Oximeter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Separate Sensor
5.2.2 Intergated Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Ambulatory Surgical Center
6.2.3 Home Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wrist-worn Pulse Oximeter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wrist-worn Pulse Oximeter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Separate Sensor
9.6.2 Intergated Sensor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Ambulatory Surgical Center
9.10.3 Home Care
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Separate Sensor
10.6.2 Intergated Sensor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Ambulatory Surgical Center
10.10.3 Home Care
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Separate Sensor
11.6.2 Intergated Sensor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Ambulatory Surgical Center
11.10.3 Home Care
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Separate Sensor
12.6.2 Intergated Sensor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Ambulatory Surgical Center
12.10.3 Home Care
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Separate Sensor
13.6.2 Intergated Sensor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Ambulatory Surgical Center
13.10.3 Home Care
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wrist-worn Pulse Oximeter Market: Competitive Dashboard
14.2 Global Wrist-worn Pulse Oximeter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nonin
14.3.2 Koninklijke Philips
14.3.3 VYAIRE MEDICAL
14.3.4 Smiths Medical
14.3.5 Hill Rom Holding Inc.
14.3.6 Edwards Lifesciences Corporation
14.3.7 Medtronic
14.3.8 Masimo
14.3.9 Beurer GmbH
14.3.10 Maxtec
