Wearable Pulse Oximeter Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Fingertip Oximeter, Ring-type Oximeter, and Wrist Oximeter), By Distribution Channel (Offline and Online), By End Users (Ambulatory Surgical Center, Clinic, Home Care Setting, Hospital, and Personnel) and Region  

Wearable Pulse Oximeter Market size was valued at US$ 694.4 million in 2023 and is poised to grow at a CAGR of 8.6% over 2024-2030. The wearable pulse oximeter is the wearable version of a pulse oximeter. The pulse oximeter screens the oxygen saturation levels of the blood of the patient and variations in the blood volume present in the skin, creating a photoplethysmogram (PPG), which may be additionally used for other detection purposes. A PPG is an optically attained plethysmogram that can be used to detect changes in blood volume in the microvascular stretch of the tissue. A PPG is frequently attained by using a pulse oximeter, which lights the skin and detects the changes in how much light is absorbed. A pulse oximeter screens the fusion of the blood to the subcutaneous and dermis tissue of the skin. The growing emphasis on patient security during anesthesia and demand for reliable vital statistic monitoring in case of an emergency and for infants can lead to the growth of the wearable pulse oximeter market.

Moreover, increasing government initiatives and the accessibility of new goods as they are useful in detecting congenital heart defects and other respiratory and cardiac conditions are some primary factors that can boost the global wearable pulse oximeter market. Apart from these, the addition of artificial intelligence in pulse oximeters can also accelerate the market in the future. The increasing demand for mobile-based platforms and technological advancements, as well as enhancements in photoelectric sensors and light-emitting diodes, for more precise results. Additionally, the increasing geriatric population and rising disposable income can also propel market growth. However, some factors such as restricted reimbursement strategies and awareness related to the wearable pulse oximeters and interpretation and restrictions of wearable pulse oximeters can restrain the growth of the market. The availability of connected and integrated pulse oximeters and increasing awareness of protective healthcare and online accessibility can create an opportunity for the growth of the global wearable pulse oximeter market.

Wearable Pulse Oximeter Market Key Developments:

In August 2022, Masimo announced the release of the Masimo W1 health watch for consumer use. It is a noninvasive blood parameter monitoring system that bids precise and continuous measurements.