Global Wearable Pulse Oximeters Market: Overview

The need for managing oxygen levels in the human body has played a key role in driving demand within the global wearable pulse oximeters market. Presence of a seamless industry for management of chronic diseases has given a thrust to market growth. Moreover, rising incidence of pulmonary and cardiovascular diseases become a matter of concern for the medical fraternity. Use of wearable pulse oximeters has become an important consideration for patients with recurring problem of oxygen saturation. Patients suffering chronic obstructive pulmonary diseases (COPD) need to measure the level SpO2 in the body. Therefore, use of wearable pulse oximeters is an indispensable feat for such patients.

A report on the global wearable pulse oximeters market by Transparency Market Research (TMR) highlights the leading factors responsible for market growth. The global wearable pulse oximeters market can be segmented on the basis of application, patient age group, and region. Advancements in healthcare manufacturing play a defining role in the growth of the global wearable pulse oximeters market. Furthermore, the growth graph of the market largely relies on advancements in observational studies. The North America market is set to become the largest consumer of medical measurement devices.

Global Wearable Pulse Oximeters Market: Notable Developments

Presence of an earnest and forward-looking healthcare industry has generated fresh revenues within the global wearable pulse oximeters market.

  • In 2017, FDA approved wrist-worn pulse oximeters manufactured by Israel-based Oxitone Medical, Ashkelon. The device, named ‘Oxitone-1000’, does not require a finger clip, and has been designed with the most apt technology. Furthermore, the company provided key specifications of the product, and each of them performed well on the quality measurement index. The device can gauge SpO2 levels with the same efficiency as other traditional oximeters. However, the new device is much more agile and convenient to use than its predecessors.
  • Several companies are focusing on developing user-friendly wearable pulse oximeters. The ability to equilibrate the perks of utility and performance shall be the watchword for success within the market. Several new players have entered the global wearable pulse oximeters market in recent times. The quest of these players to foster innovation in manufacturing shall aid market growth.

Global Wearable Pulse Oximeters Market: Growth Drivers

  • Investments in Medical Research

Development of high-end oximeters has played a vital role in driving sales across the market. The resilience of oximeters is amongst the primary reasons responsible for their popularity across the globe. Moreover, seriousness of the medical industry in evaluating various types of wearable medical devices has also driven market demand. The rising incidence of chronic diseases has invited fresh investments into the domain of medical research and disease testing. Furthermore, there is no contention about swift adoption of proven medical technologies across the healthcare industry. Henceforth, the global wearable pulse oximeters market is expected to ride along a profitable pathway in the years to follow.

  • Popularity of Wearable Devices and Technologies

Several fitbit bands and smart watches are equipped with oximeters in order to measure oxygen levels in the body during strenuous activities. The growing trend of cycling, hiking, and mountain climbing has necessitated the use of wearable pulse oximeters. Patients suffering from critical heart conditions needs to monitored at regular intervals. Therefore, wearable pulse oximeters are viable options for evaluating the progress and health of patients. It is expected the need to offer proximate care to patients would recalibrate doctors’ focus towards wearable technologies. The routines of patients play a decisive role in converting potential buyers to consumers of wearable pulse oximeters.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Wearable Pulse Oximeters Market