Global Optical Pulse Sensor Market 2018-2022
About Optical Pulse Sensors
Optical pulse sensors are sensors integrated in devices to measure heartbeats of users. Pulse sensors are integrated into devices that are used as personal monitor devices that allow individuals to measure heart rate in real time or record the data for further analysis.
Technavio’s analysts forecast the global optical pulse sensors market to grow at a CAGR of 11.28% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global optical pulse sensors market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of wearable devices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Optical Pulse Sensor Market 2018-2022
Technavio recognizes the following companies as the key players in the global optical pulse sensor market: Maxim Integrated products, OSRAM Licht Group, and ROHM.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing popularity of diagnostic wearable devices. Diagnostic wearable medical devices play a significant role in monitoring a range of medical conditions including hypertension, blood glucose levels, heart rate, body temperature, and sleep patterns. Advances in some diagnostic wearable medical devices have led to an increased number of individuals using these devices.”
According to the report, one of the major drivers for this market is the rising adoption of wearable devices. The smart bands market in APAC is witnessing considerable growth due to the proliferation of low-cost smart bands in this region and a decline in their ASPs. Owing to the increase in disposable incomes and internet penetration, smart band vendors are focusing on tapping the growth potential of the market in this region and they have adopted online and offline channels to enter APAC.
Further, the report states that one of the major factors hindering the growth of this market is the growing design constraints of wearable devices. Wearable devices face design constraints, which could hamper the growth of the market. Most of the existing gadgets are focused on technology and have several design constraints related to issues associated with the physical shape, size, and weight of a diagnostic wearable device and its ergonomics. This will negatively impact the adoption of wearable devices, in turn, challenging the demand for optical pulse sensors.
Maxim Integrated products
OSRAM Licht Group
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