Global Smart Pulse Oximeters Market: Rise inthe geriatric population and growing prevalence of cardiovascular and respiratory diseases anticipated to boost market growth at a healthy CAGR of ~7.69% during the forecast period of 2022 to 2030

Pune, India, March 2023/MRFR Press Release: Market Research Future has published its cooked research report on the global smart pulse oximeters market.

Increasing prevalence of chronic diseases and lifestyle-related diseases and growing demand for wearable devices are expected to boost the growth of the global smart pulse oximeters market at a CAGR of 7.69% during the forecast period 2022 to 2030.

Market Research Future (MRFR) has published a cooked research report on the “global smart pulse oximeters market” that contains the information from 2022 to 2030. The smart pulse oximeters market is projected to register a CAGR of 7.69% during the forecast period of 2022 to 2030.

MRFR recognizes the following companies as the key players in the global smart pulse oximeters market— Medtronic (Ireland), Koninklijke Philips NV (Netherlands), Omron Corporation (Japan), Smiths Group plc (US), Halma Plc (UK), Nonin (US), Beurer GmbH (Germany), Contec Medical Systems Co., Ltd. (China), Meditech Equipment Co., Ltd (China), Masimo (US), and others.

Global Smart Pulse Oximeters Market Highlights

The global smart pulse oximeters market is accounted to register a CAGR of 7.69% during the forecast period and is projected to reach USD 3.52 billion by 2030.

A smart pulse oximeter, also known as a probe, is a clip-like device that is placed on body parts like the fingertip or ear lobe in order to measure the heart rate and oxygen level. Smart pulse oximeters are also used to monitor human health in cases of asthma, lung cancer, anemia, Chronic Obstructive Pulmonary Disease (COPD), heart attack, and heart failure.

The growth of the smart pulse oximeters market is attributed to the increasing prevalence of chronic diseases and lifestyle-related diseases, growing demand of wearable devices, and increasing demand for continuous patient monitoring devices. However, the stringent rules and regulations for product approval and limitations and risk of inaccuracy is anticipated to hamper the market growth.

Segment Analysis

The global smart pulse oximeters market has been segmented based on product type, application, and end user.

On the basis of product type, the market is segmented into fingertip, hand-held, and wrist-worn. The fingertip segment held the largest market share in 2021.

Based on end user, the global smart pulse oximeters market has been segmented into hospitals and clinics, ambulatory surgical center, and homecare. The hospitals & clinics segment held the largest market share in 2021.

Explore In-depth Details: Smart Pulse Oximeters Market Research Report

Regional Analysis

The global smart pulse oximeters market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe smart pulse oximeters market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The smart pulse oximeters market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World smart pulse oximeters market comprises of Middle East, Africa, and Latin America.

The high prevalence of cardiovascular and respiratory diseases, as well as increasing patient awareness of smart pulse oximeters, drives market growth. Furthermore, well-established healthcare system, high adoption of smart medical devices, and abundance of medical device manufacturers are propelling the market growth in North America region.

Moreover, the growing geriatric population and rising prevalence of cardiovascular and respiratory diseases are propelling the smart pulse oximeters market forward. For instance, according to Eurostat, among the EU Member States, Germany (11.7%) and France (11.1%) had the highest healthcare expenditure relative to GDP in 2019.

Additionally, factors such as the expanding medical device industry, increased government support, significant investments by key market players, and the development of R&D infrastructure all contribute to the market's growth.

Rising per capita healthcare expenditure and increased awareness of oximeters are major factors driving the growth of the smart pulse oximeters market in the rest of the world region.

Key Findings of the Study

• The global smart pulse oximeters market is expected to reach USD 3.52 billion by 2030 at a CAGR of 7.69% during the forecast period.


• The North America region accounted for the largest share of the global market, owing to the high prevalence of cardiovascular and respiratory diseases, as well as increasing patient awareness of smart pulse oximeters.


• Based on application, the acute care segment held the largest market in 2021, with a market share of 23.32%.


• Medtronic (Ireland), Koninklijke Philips NV (Netherlands), Omron Corporation (Japan), Smiths Group plc (US), Halma Plc (UK), Nonin (US), Beurer GmbH (Germany), Contec Medical Systems Co., Ltd. (China), Meditech Equipment Co., Ltd (China), and Masimo (US) are the key market players.