Smart Shoe

Smart Shoe

Peripheral pulse oximeters are medical devices used to measure the blood oxygen saturation levels (SpO2) and pulse rate of a patient. They are commonly placed on a patient's finger and light sensors are used to detect the amount of oxygen in their blood. These devices are non-invasive and provide real-time information about a patient's oxygen levels, making them valuable tools in healthcare settings such as hospitals, clinics, and home healthcare. The market for peripheral pulse oximeters has been growing steadily due to an increasing prevalence of respiratory diseases, such as Asthma, COPD, Bronchitis, Pneumonia etc. For Instance, in year 2021, the prevlence rate of asthma in among the US population is about 6.5% in childerns and 8% in adults.

The Peripheral Pulse Oximeters Market was valued at USD 750 Million in 2022 and is expected to grow at a CAGR of around 6% from 2023-2030.

• Based on the product, the market is segmented into Disposable Sensors and Reusable Sensors. The disposable sensors category hold considerable share of the market in 2022. The growing demand for point-of-care diagnostics and the need for continuous monitoring of patients' vital signs has driven the market for disposable sensor peripheral pulse oximeters. These devices are widely used in hospitals, clinics, emergency rooms, and homecare settings to assess respiratory conditions, monitor anesthesia, evaluate sleep apnea, and monitor oxygen levels during surgeries or recovery periods.
• On the basis of end-users, the market is categorized into Hospitals, ambulatory surgical centers, and Others. Among these, the hospital’s category held a significant share of the market in 2022. This is mainly due to the high volume of treatments performed in hospitals, as well as the availability of advanced medical equipment and expertise in this setting.
• For a better understanding of the market adoption of the industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Rest of World. North America held dominating share of Peripheral Pulse Oximeters Market in 2022. The presence of well-established healthcare infrastructure, along with the increasing healthcare expenditure in the countries is the major attributing factor for the market growth in North America.
• Some of the major players operating in the market include Masimo, Medtronic, Nonin Medical, Smiths Medical, Nihon-Kohden, Philips, GE Healthcare, Konica Minolta, Mindray, and Contec. etc.