Global Wearable Pulse Oximeters Market 2018-2022 | Increasing Prevalence of Chronic Respiratory Conditions to Boost Demand | ...
October 11 2018 - 11:39AM
Business Wire
Technavio analysts forecast the global wearable pulse
oximeters market to grow at a CAGR of close to 6% during the
forecast period, according to their latest market research
report.
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Technavio analysts forecast the global
wearable pulse oximeters market to grow at a CAGR of close to 6% by
2022. (Graphic: Business Wire)
The rise in technological advances is one of the major trends
being witnessed in the global wearable pulse oximeters market
2018-2022. Technological advances such as store and forward
memory and smart point technology allow the development of
affordable next-generation fingertip and wrist-worn pulse
oximeters.
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According to Technavio analysts, one of the key factors
contributing to the growth of the global wearable pulse oximeters
market is the increasing prevalence of chronic respiratory
conditions:
Global wearable pulse oximeters market:
Increasing prevalence of chronic respiratory
conditions
Wearable pulse oximeters are helpful in monitoring oxygen
saturation of a patient’s blood. Chronic diseases such as severe
asthma need continuous monitoring in critically ill patients, which
can be performed by using wearable pulse oximeters. Hence, an
increase in the number of chronic respiratory conditions such as
COPD and asthma aids in the growth of the global wearable pulse
oximeters market.
According to a senior analyst at Technavio
for research on orthopedics and medical devices, “The prevalence of
chronic respiratory conditions such as COPD and asthma is
increasing in both developed and developing countries, which is
majorly due to the increased exposure to indoor and outdoor air
pollution. Wearable pulse oximeters help in evaluating and
assessing the severity of asthma by complementing peak flow meter
data and further save time and doctor visits.”
Global wearable pulse oximeters market:
Segmentation analysis
The global wearable pulse oximeters market research report
provides market segmentation by product (fingertip and ring pulse
oximeters and wrist-worn pulse oximeters), by end-user (hospitals
and clinics, ASCs, dialysis centers, and others), and by region
(the Americas, EMEA, and APAC). It provides an in-depth analysis of
the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.
Of the two major products - fingertip and ring pulse oximeters
and wrist-worn pulse oximeters - the fingertip and ring pulse
oximeters segment held the largest market share in 2017,
contributing to 80% of the market. This application segment will
dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017,
accounting for close to 45% share, followed by EMEA and APAC
respectively. Although APAC held the smallest share of the market,
it is expected to witness the maximum increase in its market share
over the forecast period.
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Five Forces Analysis
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Market Drivers
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Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com