Global Wearable Pulse Oximeters Market 2018-2022 | Increasing Prevalence of Chronic Respiratory Conditions to Boost Demand | ...

Date : 10/11/2018 @ 3:39PM
Source : Business Wire

Global Wearable Pulse Oximeters Market 2018-2022 | Increasing Prevalence of Chronic Respiratory Conditions to Boost Demand | ...

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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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200www.technavio.com

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