The Asia Pacific Smart Pulse Oximeters Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
The growth in prevalence of cardiovascular and respiratory disorders, increased demand for less invasive operations, and the development of new smart pulse oximeters by a wide number of important players are all driving the smart pulse oximeter industry forward. According to the International Diabetes Federation, 537 million persons worldwide will have diabetes by 2021. By 2045, the total number of individuals living with diabetes is expected to reach 783 million. As a result, as the prevalence of diabetes rises, so does the demand for portable monitoring devices, which is expected to boost the market for smart pulse oximeters.
Additional reasons driving the growth of the smart pulse oximeter market include an increase in the geriatric population, which leads to numerous ailments, as well as an increase in the number of breathing disorders. In addition, technical advancements in smart pulse oximeters are likely to drive the smart pulse oximeter demand. DetelPro released the Oxy10 pulse oximeter in June 2021. It is a little device that is worn on the fingertip and displays oxygen saturation as well as pulse rate. As a result, an increase in the number of product approvals is expected to create a profitable smart pulse oximeters market opportunity for expansion.
COPD is to blame for the bulk of chronic respiratory illnesses in Australia. According to the burden of illness and injury in Australia (2003), asthma accounts for 34% of the burden of chronic respiratory disease in Australia, whereas COPD accounts for 46%. These burden estimates are based on disease-related disability and mortality estimates. In 1999, state health ministers and the Australian government declared asthma to be a National Health Priority Area. Two decades later, the pollution in the air only increased and cases of asthma and COPD have risen in the region. Therefore, there is a growing need for smart pulse oximeters in the region.
Furthermore, expanding healthcare infrastructure and a rising geriatric population are two major drivers of growth. Furthermore, robust economic development in the region is one of the pioneering factors responsible for drawing international investments. The market is growing due to the existence of significant rivals as well as the fast-evolving start-up sector. Japan, for instance, has a well-developed healthcare system, with universal health insurance coverage for all citizens. Japan spends more per person on healthcare than most other countries. As a result, healthcare services are affordable to everyone. In a well-developed healthcare system, innovative technologies like smart pulse oximeters are readily accepted.
The China market dominated the Asia Pacific Smart Pulse Oximeters Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $184.5 Million by 2028. The Japan market is poised to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The India market would display a CAGR of 9.1% during (2022 - 2028).
Based on Type, the market is segmented into Fingertip, Hand held, Wrist worn, and Pediatric. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, and Home Environment. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Pulse Oximeters Market is Projected to reach USD 2.4 Billion by 2028, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Masimo Corporation. Koninklijke Philips N.V., Medtronic PLC, Omron Corporation, Smiths Group PLC, Contec Medical Systems Co., Ltd., Meditech Equipment Co .,Ltd (Meditech Group), Nonin Medical, Inc., Promed Technology Co., Ltd., and Tenko Medical System Corp.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Fingertip
- Hand held
- Wrist worn
- Pediatric
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Home Environment
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Masimo Corporation
- Koninklijke Philips N.V.
- Medtronic PLC
- Omron Corporation
- Smiths Group PLC
- Contec Medical Systems Co., Ltd.
- Meditech Equipment Co .,Ltd (Meditech Group)
- Nonin Medical, Inc.
- Promed Technology Co., Ltd.
- Tenko Medical System Corp
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Pulse Oximeters Market, by Type
1.4.2 Asia Pacific Smart Pulse Oximeters Market, by End User
1.4.3 Asia Pacific Smart Pulse Oximeters Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Strategies Deployed in Smart Pulse Oximeters Market
Chapter 4. Asia Pacific Smart Pulse Oximeters Market by Type
4.1 Asia Pacific Fingertip Market by Country
4.2 Asia Pacific Hand held Market by Country
4.3 Asia Pacific Wrist worn Market by Country
4.4 Asia Pacific Pediatric Market by Country
Chapter 5. Asia Pacific Smart Pulse Oximeters Market by End User
5.1 Asia Pacific Hospitals & Clinics Market by Country
5.2 Asia Pacific Ambulatory Surgical Centers Market by Country
5.3 Asia Pacific Home Environment Market by Country
Chapter 6. Asia Pacific Smart Pulse Oximeters Market by Country
6.1 China Smart Pulse Oximeters Market
6.1.1 China Smart Pulse Oximeters Market by Type
6.1.2 China Smart Pulse Oximeters Market by End User
6.2 Japan Smart Pulse Oximeters Market
6.2.1 Japan Smart Pulse Oximeters Market by Type
6.2.2 Japan Smart Pulse Oximeters Market by End User
6.3 India Smart Pulse Oximeters Market
6.3.1 India Smart Pulse Oximeters Market by Type
6.3.2 India Smart Pulse Oximeters Market by End User
6.4 South Korea Smart Pulse Oximeters Market
6.4.1 South Korea Smart Pulse Oximeters Market by Type
6.4.2 South Korea Smart Pulse Oximeters Market by End User
6.5 Singapore Smart Pulse Oximeters Market
6.5.1 Singapore Smart Pulse Oximeters Market by Type
6.5.2 Singapore Smart Pulse Oximeters Market by End User
6.6 Malaysia Smart Pulse Oximeters Market
6.6.1 Malaysia Smart Pulse Oximeters Market by Type
6.6.2 Malaysia Smart Pulse Oximeters Market by End User
6.7 Rest of Asia Pacific Smart Pulse Oximeters Market
6.7.1 Rest of Asia Pacific Smart Pulse Oximeters Market by Type
6.7.2 Rest of Asia Pacific Smart Pulse Oximeters Market by End User
Chapter 7. Company Profiles
7.1 Masimo Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Koninklijke Philips N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.4.1 Acquisition and Mergers:
7.3 Medtronic PLC
7.3.1 Company overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Approvals and Trials:
7.4 Omron Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Smiths Group PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Contec Medical Systems Co., Ltd.
7.6.1 Company Overview
7.7 Meditech Equipment Co .,Ltd (Meditech Group)
7.7.1 Company Overview
7.8 Nonin Medical, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.8.2.2 Approvals and Trials:
7.9 Promed Technology Co., Ltd.
7.9.1 Company Overview
7.10. Tenko Medical System Corp
7.10.1 Company Overview
TABLE 1 Asia Pacific Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Fingertip Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Fingertip Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Hand held Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Hand held Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Wrist worn Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Wrist worn Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Pediatric Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Pediatric Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Hospitals & Clinics Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Hospitals & Clinics Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Ambulatory Surgical Centers Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Ambulatory Surgical Centers Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Home Environment Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Home Environment Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Smart Pulse Oximeters Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Smart Pulse Oximeters Market by Country, 2022 - 2028, USD Million
TABLE 23 China Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 24 China Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 25 China Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 26 China Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 27 China Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 28 China Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 29 Japan Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 30 Japan Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 31 Japan Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 32 Japan Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 33 Japan Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 34 Japan Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 35 India Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 36 India Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 37 India Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 38 India Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 39 India Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 40 India Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 41 South Korea Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 42 South Korea Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 43 South Korea Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 44 South Korea Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 45 South Korea Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 46 South Korea Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 47 Singapore Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 48 Singapore Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 49 Singapore Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 50 Singapore Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 51 Singapore Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 52 Singapore Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 53 Malaysia Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 54 Malaysia Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 55 Malaysia Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 56 Malaysia Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 57 Malaysia Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 58 Malaysia Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 65 Key Information – MASIMO CORPORATION
TABLE 66 Key Information – Koninklijke Philips N.V.
TABLE 67 Key Information – Medtronic PLC
TABLE 68 Key Information – Omron Corporation
TABLE 69 Key Information – Smiths Group PLC
TABLE 70 Key Information – Contec Medical Systems Co., Ltd.
TABLE 71 Key Information – Meditech Equipment Co .,Ltd
TABLE 72 Key Information – Nonin Medical, Inc.
TABLE 73 Key Information – Promed Technology Co., Ltd.
TABLE 74 Key Information – Tenko Medical System Corp
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Masimo Corporation