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Global Smart Pulse Oximeters Market to Garner $1.27 Billion by 2022 at 7.2% CAGR, Says Allied Market Research

April 24th, 2019 Allied Market Research Releases

The global smart pulse oximeters market is projected to reach $1.27 billion by 2022, growing at a CAGR of 7.2% from 2016 to 2022.

Smart pulse oximeters measure vital health parameters, such as oxygen saturation level, heart rate, and pulse rate. These devices can be used to monitor a patient’s status prior or during the diagnosis of a disease. These oximeters are used in a medical setting, home environment, or at the site of medical emergency.

Increase in geriatric population across the globe, rapid technological advancement, rise in prevalence of various respiratory diseases, and surge in demand for portable monitoring devices are the major drivers of the global smart pulse oximeters market. However, lack of awareness regarding smart pulse oximeters hampers the market growth. On the contrary, rise in healthcare expenditure in developing economies and high demand for proactive monitoring are expected to create lucrative opportunities in the near future.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2052

Global smart pulse oximeters market report includes analysis of the major market players such as General Electric Company, Contec Medical Systems Co., Ltd., Koninklijke Philips N.V., Halma plc, Medtronic plc, Masimo Corporation, Omron Corporation, Nonin Medical, Inc., and Smiths Group plc.

Global smart pulse oximeters market is divided on the basis of product type and geography. Based on product type, the market is divided into fingertip pulse oximeters, hand-held pulse oximeters, wrist-worn pulse oximeters, and pediatric pulse oximeters. The fingertip pulse oximeters segment held the largest share and is expected to manifest the fastest CAGR 7.5% during the forecast period as these oximeters can be easily used and do not require trained professional for operating. Moreover, the segment is further divided into hospitals & clinics, ambulatory surgical centers (ASCs), and home environment. The ASCs segment is expected to register a CAGR of 8.6% during the study period.

On the basis of geography, the market is analyzed across various regions such as North America, Asia-Pacific, Europe, and LAMEA. The marker in North America held the lion’s share in 2015 and is expected to maintain its dominance throughout the period, owing to increase in respiratory disorders and rise in awareness regarding cost-effective pulse oximeter among patients. However, Russia is estimated to be the fastest growing country in the European smart pulse oximeters market with a CAGR of 9.2% during the forecast period.

Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2052

About us
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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