Smart Pulse Oximeters Market projected to reach $3.6 billion by 2032, driven by demand for remote healthcare monitoring

From GlobeNewswire: 2024-12-19 08:00:00

The Smart Pulse Oximeters Market was valued at USD 1.9 billion in 2023 and is projected to reach USD 3.6 billion by 2032, growing at a CAGR of 7.3%. The market is driven by the demand for non-invasive monitoring and the integration of IoT technology. Governments worldwide are emphasizing remote healthcare monitoring to address rising respiratory and cardiovascular diseases.

The growing adoption of wearable health technologies has contributed to market growth, with 70% of healthcare providers incorporating smart pulse oximeters into telemedicine offerings. The U.S. CDC reported over 35 million adults with chronic respiratory diseases in 2023, underscoring the importance of home-based monitoring. Major players in the market include Masimo Corporation, Medtronic plc, and Nonin Medical Inc.

In 2023, the fingertip segment held the largest market share at 36%, driven by portability and affordability. Hospitals and clinics dominated the market due to the critical role of smart pulse oximeters in surgeries and chronic condition management. North America led the market in 2023, while Asia-Pacific is emerging as the fastest-growing region.

Recent developments include Masimo Corporation launching the “Masimo W1” wearable smart pulse oximeter with AI algorithms for remote patient care, and Nonin Medical introducing portable fingertip pulse oximeters with improved sensor technology for accuracy in extreme environments. The Smart Pulse Oximeters Market Analysis & Outlook Report for 2024-2032 is now available for purchase. The report includes key points such as market dynamics impact analysis, statistical insights, competitive landscape, market segmentation by product type and end user, regional analysis, company profiles, and use cases. Access the full report for detailed information.

SNS Insider is a leading market research and consulting agency providing clients with the knowledge they need to navigate changing market conditions. Using various techniques like surveys, video talks, and focus groups, we deliver current, accurate market data, consumer insights, and opinions to help you make confident decisions. Visit our website for more information on our services.



Read more at GlobeNewswire: Smart Pulse Oximeters Market Size Projected to Reach USD