Portland, OR -- (SBWIRE) -- 02/23/2018 -- Rise in the incidence of respiratory disorders and advancement in the technology, such as production of lightweight and easy to use devices drive the market growth. In addition, rise in purchasing power in the developing regions such as, Asia-Pacific and LAMEA are projected to lead to growth in the smart pulse oximeters market.

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The global smart pulse oximeters market is projected to reach $1,268 million by 2022, registering a CAGR of 7.2% from 2016 to 2022. The demand for smart pulse oximeters is expected to increase globally during the forecast period due to rise in incidence of chronic diseases coupled with rapid increase in geriatric population. However, factors such as lack of awareness in the developing regions is anticipated to hamper the market growth. Moreover, increase in healthcare expenditure in emerging economies and high demand for proactive monitoring are expected to unleash new opportunities for market players.

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 patients 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.

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Key players in the global smart pulse oximeter market include Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nonin Medical, Inc., Omron Corporation, and Smiths Group plc.

Smart Pulse Oximeters Market Key Segments
By Product Type
Fingertip Pulse Oximeters
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
Home Environment
Hand-held Pulse Oximeters
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
Home Environment
Wrist-worn Pulse Oximeters
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
Home Environment
Pediatric Pulse Oximeters
Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)
Home Environment

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