The North America Smart Pulse Oximeters Market would witness market growth of 7.1% CAGR during the forecast period (2022-2028).
Pulse oximetry is a non-invasive way to check someone's oxygen saturation. The more accurate (and intrusive) reading of arterial oxygen saturation (SaO2) from arterial blood gas analysis is normally within 2% of peripheral oxygen saturation (SpO2) readings. However, the two are sufficiently connected that the pulse oximetry method is useful for detecting oxygen saturation in clinical settings since it is safe, simple, non-invasive, and affordable.
Transmissive pulse oximetry is the most prevalent method. A sensor device is placed on a thin area of the patient's body, typically a fingertip or earlobe, or an infant's foot, in this procedure. The blood flow rates in fingertips and earlobes are higher than in other tissues, allowing for better heat transfer. Two wavelengths of light are sent via the body part to a photodetector by the gadget. It determines the absorbances attributable to pulsing arterial blood alone, eliminating venous blood, skin, bone, muscle, fat, and (in most cases) nail polish, by measuring the changing absorbance at each of the wavelengths.
Asthma affects more than 25 million people in the United States by 2020. COPD has been diagnosed in around 14.8 million adults, with another 12 million persons likely to be diagnosed. Individuals, their families, schools, workplaces, communities, cities, and states are all affected by respiratory disorders. Thus, there is likely to be a growing demand for smart pulse oximeters from the hospitals and citizens of the region. Canada and the United States already have modernized healthcare sectors that quickly adopt new technology to provide better healthcare services to patients.
The federal government's healthcare spending in the United States climbed by 36.0 percent in 2020, compared to 5.9% in 2019. The COVID-19 pandemic accelerated the spread of the virus. Hospital spending is expected to rise by 6.4 percent to $1,270.1 billion in 2020, slightly higher than the 6.3 percent growth in 2019. The region's high incidence of COPD, asthma, and heart diseases as well as rising government spending on modernizing the healthcare sector, are projected to make it a fertile field for the smart pulse oximeters market.
The US market dominated the North America Smart Pulse Oximeters Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $668.5 Million by 2028. The Canada market is experiencing a CAGR of 9.6% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Pulse Oximeters Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Smart Pulse Oximeters Market, by Type
1.4.2 North America Smart Pulse Oximeters Market, by End User
1.4.3 North America 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. North America Smart Pulse Oximeters Market by Type
4.1 North America Fingertip Market by Country
4.2 North America Hand held Market by Country
4.3 North America Wrist worn Market by Country
4.4 North America Pediatric Market by Country
Chapter 5. North America Smart Pulse Oximeters Market by End User
5.1 North America Hospitals & Clinics Market by Country
5.2 North America Ambulatory Surgical Centers Market by Country
5.3 North America Home Environment Market by Country
Chapter 6. North America Smart Pulse Oximeters Market by Country
6.1 US Smart Pulse Oximeters Market
6.1.1 US Smart Pulse Oximeters Market by Type
6.1.2 US Smart Pulse Oximeters Market by End User
6.2 Canada Smart Pulse Oximeters Market
6.2.1 Canada Smart Pulse Oximeters Market by Type
6.2.2 Canada Smart Pulse Oximeters Market by End User
6.3 Mexico Smart Pulse Oximeters Market
6.3.1 Mexico Smart Pulse Oximeters Market by Type
6.3.2 Mexico Smart Pulse Oximeters Market by End User
6.4 Rest of North America Smart Pulse Oximeters Market
6.4.1 Rest of North America Smart Pulse Oximeters Market by Type
6.4.2 Rest of North America 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 North America Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 2 North America Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 3 North America Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Fingertip Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Fingertip Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Hand held Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Hand held Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Wrist worn Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Wrist worn Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Pediatric Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Pediatric Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 14 North America Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 15 North America Hospitals & Clinics Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Hospitals & Clinics Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Ambulatory Surgical Centers Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Ambulatory Surgical Centers Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Home Environment Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Home Environment Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Smart Pulse Oximeters Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Smart Pulse Oximeters Market by Country, 2022 - 2028, USD Million
TABLE 23 US Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 24 US Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 25 US Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 26 US Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 27 US Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 28 US Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 29 Canada Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 30 Canada Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 31 Canada Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 32 Canada Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 33 Canada Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 34 Canada Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 35 Mexico Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 36 Mexico Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 37 Mexico Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 38 Mexico Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 39 Mexico Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 40 Mexico Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 41 Rest of North America Smart Pulse Oximeters Market, 2018 - 2021, USD Million
TABLE 42 Rest of North America Smart Pulse Oximeters Market, 2022 - 2028, USD Million
TABLE 43 Rest of North America Smart Pulse Oximeters Market by Type, 2018 - 2021, USD Million
TABLE 44 Rest of North America Smart Pulse Oximeters Market by Type, 2022 - 2028, USD Million
TABLE 45 Rest of North America Smart Pulse Oximeters Market by End User, 2018 - 2021, USD Million
TABLE 46 Rest of North America Smart Pulse Oximeters Market by End User, 2022 - 2028, USD Million
TABLE 47 Key Information – MASIMO CORPORATION
TABLE 48 Key Information – Koninklijke Philips N.V.
TABLE 49 Key Information – Medtronic PLC
TABLE 50 Key Information – Omron Corporation
TABLE 51 Key Information – Smiths Group PLC
TABLE 52 Key Information – Contec Medical Systems Co., Ltd.
TABLE 53 Key Information – Meditech Equipment Co .,Ltd
TABLE 54 Key Information – Nonin Medical, Inc.
TABLE 55 Key Information – Promed Technology Co., Ltd.
TABLE 56 Key Information – Tenko Medical System Corp
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Masimo Corporation