Wearable Pulse Oximeters Market size to grow by USD 244.66 million from 2022 to 2027|Miniaturization of wearable pulse oximeters to be a major trend – Technavio

NEW YORK, June 30, 2023 /PRNewswire/ — The Wearable Pulse Oximeters Market report has been added to Technavio’s offering. The wearable pulse oximeters market size is estimated to grow by USD 244.66 million from 2022 to 2027, growing at a CAGR of 7.3%. North America will contribute 43% to the growth of the global market during the forecast period. Owing to readmissions of patients for the treatment of chronic health conditions, the US government pays extra to patients as part of reimbursements. This increases its cost burden in healthcare. Thus, for respiratory and other chronic conditions, the government has started to charge penalty from hospitals, which is calculated based on readmissions of patients for COPD. Hence, such government initiatives have compelled hospitals to opt for integrated and advanced respiratory monitoring devices, such as wearable pulse oximeters, which, in turn, boost regional market growth. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) – View Sample report

Wearable Pulse Oximeters Market – Vendor Landscape
The wearable pulse oximeters market is fragmented; the vendors are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products –The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Wearable Pulse Oximeters Market – Market Dynamics

Major Drivers & Challenges- 

The increased prevalence of chronic respiratory disease cases drives the growth of the wearable pulse oximeters market. These oximeters are used to monitor various indications of respiratory diseases such as asthma/chronic obstructive pulmonary disease (COPD), endotracheal intubation, cardiac arrest, procedural sedation, respiratory complaints, acute respiratory distress syndrome (ARDS), sleep disorders/sleep apnea, and shunts in cyanotic heart disease. The growing incidence of chronic respiratory disorders such as COPD, asthma, and obstructive sleep apnea (OSA) is growing at a significant rate in both developed and developing regions. Resultantly, this is driving the demand for wearable pulse oximeters to easily diagnose these diseases and take proper precautions and care accordingly. Hence, the increasing demand for wearable pulse oximeters to monitor respiratory health continuously will drive the wearable pulse oximeters market growth during the forecast period.

Limitations and complications associated with wearable pulse oximeters challenge the growth of the market. Wearable pulse oximeters have been associated with various complications and limitations as they have been found to provide inaccurate readings and measurements in different situations. For example, the presence of abnormal hemoglobin such as carboxyhemoglobin and methemoglobin; anemia; reduced peripheral circulation due to vasoconstriction or peripheral vascular diseases, venous congestion; bright ambient light; and the presence of nail varnish can affect the accuracy of the readings in wearable pulse oximeters. Various low-priced wearable pulse oximeters sold in the market have been demonstrated to have highly inaccurate saturation readings during hypoxia.

Key Trends–

Miniaturization of wearable pulse oximeters is an emerging market trend. The increasing development of miniature wearable medical devices for diagnostics, including portable pulse oximeters drives the market growth. Market vendors focus on developing products that are smaller, more reliable, and more energy efficient than previous generations without compromising efficiency. The miniaturization of wearable devices is transforming the Internet of Things (IoT) market, which is expected to show huge potential over the next ten years. Hence, such trends will propel the growth of the global wearable pulse oximeters market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. – View Sample Report

Wearable Pulse Oximeters Market – Company Profiles

The wearable pulse oximeters market report includes information on the product launches, sustainability, and prospects of leading vendors including Alphabet Inc., American Diagnostic Corp., Apple Inc., Contec Medical Systems Co. Ltd., Garmin Ltd., GE Healthcare Technologies Inc., GOQii, Heal Force Biomeditech Holdings Ltd., Isansys Ltd., Konica Minolta Inc., Lepu Medical Technology Beijing Co. Ltd., Masimo Corp., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd, MTEC Global Co. Ltd., Nonin Medical Inc., OMRON Corp., Oxitone medical LTD, Shanghai Zhaoguan Information Technology Co., Ltd., Vyaire Medical Inc., and Wellue Health.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

Wearable Pulse Oximeters Market – Market Segmentation

This report extensively covers market segmentation by product (fingertip and ring pulse oximeters, and wrist-worn pulse oximeters), end-user (hospitals and other healthcare facilities, and home care), and geography (North America, Europe, Asia, and Rest of World (ROW)).

• The market share growth of the fingertip and ring pulse oximeters segment will be significant for market growth during the forecast period. These types of oximeters are controllers that come with fingertip probes and a display to record the readings. Since they simply provide basic saturation of peripheral oxygen (SpO2) (blood oxygenation) functions, these devices are relatively cost-effective for end-users and are mostly employed in non-clinical applications. There is also increasing adoption of fingertip pulse oximeters among patients with chronic respiratory diseases such as COPD, asthma, and other lung diseases to monitor their SpO2 at home, during exercise, and during social activities. Hence, such factors will increase the segment growth during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global wearable pulse oximeters market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global wearable pulse oximeters market 2017 – 2021 ($ million)

• 4.2 Product Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Fingertip and ring pulse oximeters – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Fingertip and ring pulse oximeters – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Fingertip and ring pulse oximeters – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Fingertip and ring pulse oximeters – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Fingertip and ring pulse oximeters – Year-over-year growth 2022-2027 (%)

• 6.4 Wrist-worn pulse oximeters – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Wrist-worn pulse oximeters – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Wrist-worn pulse oximeters – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Wrist-worn pulse oximeters – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Wrist-worn pulse oximeters – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)
• Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user – Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Hospitals and other healthcare facilities – Market size and forecast 2022-2027 
• Exhibit 48: Chart on Hospitals and other healthcare facilities – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Hospitals and other healthcare facilities – Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Hospitals and other healthcare facilities – Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Hospitals and other healthcare facilities – Year-over-year growth 2022-2027 (%)

• 7.4 Homecare – Market size and forecast 2022-2027
• Exhibit 52: Chart on Homecare – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Homecare – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Homecare – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Homecare – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 56: Market opportunity by End-user ($ million)
• Exhibit 57: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 63: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 Asia – Market size and forecast 2022-2027
• Exhibit 71: Chart on Asia – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Asia – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Asia – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Asia – Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) – Market size and forecast 2022-2027 
• Exhibit 75: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)

• 9.7 US – Market size and forecast 2022-2027
• Exhibit 79: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.8 Germany – Market size and forecast 2022-2027
• Exhibit 83: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 UK – Market size and forecast 2022-2027
• Exhibit 91: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 95: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 99: Market opportunity by geography ($ million)
• Exhibit 100: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 101: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 103: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 104: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 105: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 106: Matrix on vendor position and classification

• 12.3 Alphabet Inc. 
• Exhibit 107: Alphabet Inc. – Overview
• Exhibit 108: Alphabet Inc. – Business segments
• Exhibit 109: Alphabet Inc. – Key news
• Exhibit 110: Alphabet Inc. – Key offerings
• Exhibit 111: Alphabet Inc. – Segment focus

• 12.4 Apple Inc. 
• Exhibit 112: Apple Inc. – Overview
• Exhibit 113: Apple Inc. – Business segments
• Exhibit 114: Apple Inc. – Key news
• Exhibit 115: Apple Inc. – Key offerings
• Exhibit 116: Apple Inc. – Segment focus

• 12.5 Contec Medical Systems Co. Ltd. 
• Exhibit 117: Contec Medical Systems Co. Ltd. – Overview
• Exhibit 118: Contec Medical Systems Co. Ltd. – Product / Service
• Exhibit 119: Contec Medical Systems Co. Ltd. – Key offerings

• 12.6 Garmin Ltd. 
• Exhibit 120: Garmin Ltd. – Overview
• Exhibit 121: Garmin Ltd. – Business segments
• Exhibit 122: Garmin Ltd. – Key offerings
• Exhibit 123: Garmin Ltd. – Segment focus

• 12.7 GE Healthcare Technologies Inc. 
• Exhibit 124: GE Healthcare Technologies Inc. – Overview
• Exhibit 125: GE Healthcare Technologies Inc. – Business segments
• Exhibit 126: GE Healthcare Technologies Inc. – Key offerings
• Exhibit 127: GE Healthcare Technologies Inc. – Segment focus

• 12.8 Heal Force Biomeditech Holdings Ltd.
• Exhibit 128: Heal Force Biomeditech Holdings Ltd. – Overview
• Exhibit 129: Heal Force Biomeditech Holdings Ltd. – Product / Service
• Exhibit 130: Heal Force Biomeditech Holdings Ltd. – Key offerings

• 12.9 Konica Minolta Inc. 
• Exhibit 131: Konica Minolta Inc. – Overview
• Exhibit 132: Konica Minolta Inc. – Business segments
• Exhibit 133: Konica Minolta Inc. – Key news
• Exhibit 134: Konica Minolta Inc. – Key offerings
• Exhibit 135: Konica Minolta Inc. – Segment focus

• 12.10 Lepu Medical Technology Beijing Co. Ltd.
• Exhibit 136: Lepu Medical Technology Beijing Co. Ltd. – Overview
• Exhibit 137: Lepu Medical Technology Beijing Co. Ltd. – Product / Service
• Exhibit 138: Lepu Medical Technology Beijing Co. Ltd. – Key offerings

• 12.11 Masimo Corp. 
• Exhibit 139: Masimo Corp. – Overview
• Exhibit 140: Masimo Corp. – Product / Service
• Exhibit 141: Masimo Corp. – Key offerings

• 12.12 Medtronic Plc 
• Exhibit 142: Medtronic Plc – Overview
• Exhibit 143: Medtronic Plc – Business segments
• Exhibit 144: Medtronic Plc – Key news
• Exhibit 145: Medtronic Plc – Key offerings
• Exhibit 146: Medtronic Plc – Segment focus

• 12.13 Mindray Bio medical Electronics Co. Ltd
• Exhibit 147: Mindray Bio medical Electronics Co. Ltd – Overview
• Exhibit 148: Mindray Bio medical Electronics Co. Ltd – Product / Service
• Exhibit 149: Mindray Bio medical Electronics Co. Ltd – Key offerings

• 12.14 MTEC Global Co. Ltd. 
• Exhibit 150: MTEC Global Co. Ltd. – Overview
• Exhibit 151: MTEC Global Co. Ltd. – Product / Service
• Exhibit 152: MTEC Global Co. Ltd. – Key offerings

• 12.15 Nonin Medical Inc. 
• Exhibit 153: Nonin Medical Inc. – Overview
• Exhibit 154: Nonin Medical Inc. – Product / Service
• Exhibit 155: Nonin Medical Inc. – Key news
• Exhibit 156: Nonin Medical Inc. – Key offerings

• 12.16 OMRON Corp. 
• Exhibit 157: OMRON Corp. – Overview
• Exhibit 158: OMRON Corp. – Business segments
• Exhibit 159: OMRON Corp. – Key news
• Exhibit 160: OMRON Corp. – Key offerings
• Exhibit 161: OMRON Corp. – Segment focus

• 12.17 Wellue Health 
• Exhibit 162: Wellue Health – Overview
• Exhibit 163: Wellue Health – Product / Service
• Exhibit 164: Wellue Health – Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations

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