According to a new report, published by KBV research, The Global Smart Pulse Oximeters Market size is expected to reach $2.4 billion by 2028, rising at a market growth of 7.6% CAGR during the forecast period.
The Wrist worn segment is showcasing CAGR of 9.9% during (2022 - 2028). This is because of its very precise readings, long-term durability, and reduction in the problems associated with overnight oximeter studies. Wrist-worn pulse oximeters also allow patients to monitor their blood oxygen levels and pulse rate without restricting their wrist movement.
The Hospitals & Clinics segment acquired maximum revenue share in the Global Smart Pulse Oximeters Market by End User in 2021, thereby, achieving a market value of $1.44 billion by 2028. This is due to an increase in the number of surgeries and trips to the emergency room. Many people infected by the covid-19 virus were admitted to hospitals during the pandemic. This further strengthened the demand for smart pulse oximeters in hospitals and clinics.
The North America market dominated the Global Smart Pulse Oximeters Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $926.5 Million by 2028. The Europe market is estimated to witness a CAGR of 7.2% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smart-pulse-oximeters-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Masimo Corporation. Koninklijke Philips N.V., Medtronic PLC, Omron Corporation, Smiths Group PLC, Contec Medical Systems Co., Ltd., Meditech Equipment Co .,Ltd (Meditech Group), Nonin Medical, Inc., Promed Technology Co., Ltd., and Tenko Medical System Corp.
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