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[Report Ocean Press Release] We conducted a survey to understand the actual situation of the smart pulse oximeter market in 2022.
Growing geriatric population and rising prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and sleep apnea are expected to drive the pulse oximeter market. Survey overview:
Survey period: June 14th to October 3rd, 2022
Research agency :
Survey contractor: Astute Analytica Co., Ltd.
Survey Subject: We surveyed 890 leaders from organizations of all sizes with operational footprints around the world.
Number of valid responses: (890 people)
Survey method: Telephone survey of 300 people, Internet survey of 590 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Question: Which type is in high demand in the smart pulse oximeter market? By type, the fingertip segment accounted for the largest smart pulse oximeter market share in 2021 due to increased adoption of fingertip oximeter devices for continuous patient monitoring during the COVID-19 outbreak. .
However, the wrist-worn model is expected to show the fastest growth due to its highly accurate readings, long-term durability, and reduced issues associated with nighttime oximeter testing. A worn pulse oximeter can also measure blood oxygenation and pulse rate without restricting the patient’s wrist movement.
Question: Who are the end users of the smart pulse oximeter market? By end-user, the hospital and clinic segment dominated the market in 2021 due to the increase in surgeries and emergency room visits. However, the home environment segment is expected to grow
significantly, owing to growing awareness of self-monitoring in healthcare and availability of affordable smart pulse oximeters. [Image 3
Question: What are the key factors driving the smart pulse oximeter market? The growth of the global smart pulse oximeter industry is primarily driven by rising prevalence of cardiovascular and respiratory diseases, increasing demand for minimally invasive surgery, and development of new smart pulse oximeters by numerous major players. I’m here.
Rising burden of diabetes is expected to increase the demand for ambulatory monitoring devices, driving the growth of the smart pulse oximeter market. In addition, rising geriatric population and rising respiratory diseases leading to various types of diseases are also factors driving the growth of the smart pulse oximeter market. Moreover, smart pulse oximeter innovations are expected to boost the demand in the global pulse oximeter market. In June 2021, Deterpro announced the Oxy10 pulse oximeter. A small fingertip device that can display both oxygen saturation and pulse rate. This increase in the number of product approvals is expected to provide a lucrative smart pulse oximeter market opportunity for global market expansion. Survey conclusions:
The smart pulse oximeter market has grown rapidly in recent years due to the increasing prevalence of chronic respiratory diseases and growing awareness of the development of personal pulse oximeters. The smart pulse oximeter market is capturing the interest of medical professionals owing to sustained technological advancements. These devices also help doctors determine the severity of illness. In addition, increasing geriatric population and rising prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and sleep apnea are expected to drive the pulse oximeter market. However, lack of awareness about these devices in developing countries is expected to hamper the market growth.
In recent years, improved medical reimbursement systems and increased prevalence of anemia, lung cancer, pneumonia, and other diseases that affect blood oxygen levels have driven the adoption of smart pulse oximeters. In addition, high penetration rates are expected in developed countries due to improvements in government spending and reimbursement systems to curb medical costs.
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