Smart Pulse Oximeters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The smart pulse oximeters market is segmented by product type (Finger Pulse Oximeters, Handheld Pulse Oximeters, Wrist Pulse Oximeters, Wireless Pulse Oximeters, and Other), end-user, and geography.

Smart Pulse Oximeters Market Snapshot

Smart Pulse Oximeters Market 1
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.3 %

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Market Overview

The major factors for the growth of the smart pulse oximeters market include the rising cases of cardiovascular diseases and an increase in the geriatric population, and the growing demand for portable monitoring devices.

The smart pulse oximeters are used to monitor the oxygen saturation of hemoglobin in the arterial blood non invasively. These devices use infrared light to measure the oxygen level and heart rate. The rising prevalence of cardiovascular diseases is expected to boost the demand for smart pulse oximeters. 

According to the American College of Cardiology, cardiovascular disease (CVD) accounted for about 800,000 deaths in the United States in 2016. Among Americans, an average of one person dies from cardiovascular disease, every 40 seconds. Coronary heart disease (CHD) accounts for the majority of CVD deaths, followed by stroke and heart failure. Thus, owing to the rising cases of cardiovascular diseases the market is expected to witness high demand over the forecast period.

Scope of the Report

As per the scope of this report, smart pulse oximeters are the devices used to monitor the oxygen saturation level and heart rate in patients. The market is segmented by product type, end user, and geography.

By Product Type
Finger Pulse Oximeters
Handheld Pulse Oximeters
Wrist Pulse Oximeters
Wireless Pulse Oximeters
By End Users
Hospitals & Clinics
Ambulatory Surgical Centers
Home Healthcare
North America
United States
United Kingdom
Rest of Europe
Asia Pacific
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America

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Key Market Trends

Finger Pulse Oximeter is the Segment by Product Type which is expected to hold Largest Market Share over the Forecast Period

The finger pulse oximeters are expected to hold the largest market share owing to the extensive features associated with the devices. Furthermore, with the rising technological advancement and portability in the devices, the market is expected to witness high growth. Also, the availability of cost-effective pulse oximeters is expected to increase the adoption in the market. The finger pulse oximeter offers fast, accurate readings of blood oxygen saturation and pulse rate. 

Recently in January 2019, Masimo Corporation announced FDA clearance of the measurement of respiration rate from the pleth (RRp) on the MightySat Rx spot-check fingertip pulse oximeter. Thus, owing to the all above-mentioned factors the market is expected to witness high growth.

Smart Pulse Oximeters Market

North America is Expected to Hold Largest Market Share over the Forecast Period

The United States is expected to be the largest smart pulse oximeters market owing to the presence of better healthcare infrastructure and the presence of major market players. According to the Centers for Disease Control and Prevention 2018, heart disease is the leading cause of death for both men and women in the United States. It is responsible for 1 in every 4 deaths and more than 610,000 people die every year from the disease. Also, there is a high demand for portable pulse oximeters in the market. The rising prevalence of cardiovascular diseases is expected to increase the demand for a smart pulse oximeter.

Smart Pulse Oximeters Market

Competitive Landscape

The market studied is a fragmented market owing to the presence of various market players. The market players are focusing on the R&D to develop new and efficient products in the market. Some of the market players are Contec Medical Systems Co., Ltd., GE Healthcare, Halma plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nihon Kohden Corporation, Nonin Medical, Inc., Omron Corporation, and Smiths Group plc.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Cases of Cardiovascular Diseases and Increase in the Geriatric Population

      2. 4.2.2 Growing Demand for Portable Monitoring Devices

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost coupled with Limited Reimbursement

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Product Type

      1. 5.1.1 Finger Pulse Oximeters

      2. 5.1.2 Handheld Pulse Oximeters

      3. 5.1.3 Wrist Pulse Oximeters

      4. 5.1.4 Wireless Pulse Oximeters

      5. 5.1.5 Other

    2. 5.2 By End Users

      1. 5.2.1 Hospitals & Clinics

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Home Healthcare

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Contec Medical Systems Co., Ltd.

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Halma plc

      4. 6.1.4 Koninklijke Philips N.V.

      5. 6.1.5 Masimo Corporation

      6. 6.1.6 Medtronic plc

      7. 6.1.7 Nihon Kohden Corporation

      8. 6.1.8 Nonin Medical, Inc.

      9. 6.1.9 Omron Corporation

      10. 6.1.10 Smiths Group plc.

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Smart Pulse Oximeters Market market is studied from 2018 - 2026.

The Smart Pulse Oximeters Market is growing at a CAGR of 7.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Contec Medical Systems Co., Ltd., GE Healthcare, Koninklijke Philips N.V., Masimo Corporation, Nihon Kohden Corporation are the major companies operating in Smart Pulse Oximeters Market.

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