Status : Published Published On : Dec, 2023 Report Code : VRHC1209 Industry : Healthcare Available Format : Page : 251
2025
2030

Global Pulse Oximeter Market - Analysis and Forecast (2025-2030)

Industry Insights by Type (Fingertip, Table-Top, Wrist-Worn, Hand-Held, Earlobe, Forehead, Palm/Foot, Nose), by Sensor Type (Reusable, Disposable), by Patient Type (Neonatal, Pediatric, Adult), by End User (Hospitals, Clinics & Healthcare Facilities, Home Care, Diagnostic Centers), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The Global Pulse Oximeter Market was valued at USD 3.2 billion in 2023 and is expected to grow at a CAGR of 10.8% during the forecast period (2025–2030). The market is growing due to the increasing importance of monitoring patients in treatment regimes and diagnosis along with the extensive occurrence of target diseases. Pulse oximeters are important for patients who are a condition that affects the saturation of oxygen. For instance, doctors recommend pulse oximeters in order to monitor the oxygen saturation level amongst individuals observing suspected sleep apnea or those suffering from severe snoring.

Pulse Oximeter Market Highlights

The pulse oximeter market has experienced substantial growth in recent years due to various factors such as the increasing prevalence of respiratory diseases, rising geriatric population, growing awareness about personal health monitoring, and technological advancements in pulse oximetry devices. Additionally, the COVID-19 pandemic further fueled the demand for pulse oximeters, as they became essential for monitoring oxygen levels in COVID-19 patients and for early detection of respiratory complications. The pulse oximeter market has experienced significant growth, driven by factors such as the increasing prevalence of respiratory diseases, growing awareness about personal health monitoring, and the impact of the COVID-19 pandemic. As technology continues to advance, and with the growing emphasis on personal health monitoring, the pulse oximeter market is likely to witness further expansion in the future.

Market Segmentation

Insight by Type    

On the basis of type, the global pulse oximeters market is categorized into fingertip, table-top, wrist-worn, hand-held, earlobe, forehead, palm/foot, and nose. Amongst these segments, the fingertip pulse oximeters segment is anticipated to generate the largest revenue by 2030. This is due to the fact that with the help of handheld pulse oximeters the detection of chronic diseases becomes easier and helps in decreasing further complications.

Insight by Sensor Type    

On the basis of sensor type, the global pulse oximeters market is categorized into reusable, and disposable. Amongst the two categories, the reusable-sensor oximeters category held a larger share of the market in 2022. This is due to the fact that it offers more-stable griping during monitoring as compared to disposable pulse oximeters.

Insight by Patient Type    

On the basis of sensor type, the global pulse oximeters market is categorized into neonatal, pediatric, and adult. Of all, adult patients category is anticipated to generate the largest revenue by 2030, owing to the increase in the geriatric population across the globe. 

Insight by End User

Based upon end user, the global pulse oximeters market is segmented into hospitals, clinics & healthcare facilities, home care, diagnostic centers. Amongst these segments, hospital category held the largest share in the market in 2023, and is also expected to be the fastest growing category in the market during the forecast period.

Global Pulse Oximeter Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  3.2 Billion

Revenue Forecast in 2030

U.S.D.  x.x Billion

Growth Rate

10.8%

Segments Covered in the Report

By Type, By Sensor Type, By Patient Type and By End User

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, South America and Rest of the World

Industry Dynamics

Growth Drivers

Every organ and system requires adequate amount of oxygen to thrive and without the use of oxygen cells will eventually die and malfunction. Pulse oxygen is used for measuring oxygen percentage in haemoglobin proteins also known as saturation of oxygen. It implies the amount of oxygen being transferred to the organs. Moreover, pulse oximeters provide feedback pertaining to the effectiveness of the breathing interventions such as ventilators and oxygen therapy. Furthermore, creating alertness among health specialists regarding low oxygen levels specifically in new-borns is an advantage of pulse oximeters that is further strengthening the growth of the global pulse oximeters market.

Increasing need of monitoring patients in treatment and diagnosis regime along with increasing readmission limbo and healthcare costs are the key factors that are pertaining towards the growth of global pulse oximeters market. Monitoring of patients rampantly is thus incurring additional costs that is challenging in the scenario of limited healthcare budget. In order to attain cost efficiencies healthcare budget could be tackled with on the spot checking with the use of fingertip or handheld oximeters. 

Increasing healthcare awareness: There has been a growing awareness among individuals about the importance of monitoring their health, especially in terms of oxygen levels in the blood. Pulse oximeters provide a convenient and non-invasive way to measure oxygen saturation levels, making them popular among consumers.

Rising prevalence of respiratory conditions: Respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea have been on the rise globally. These conditions often require regular monitoring of blood oxygen levels, driving the demand for pulse oximeters.

Technological advancements: Pulse oximeters have undergone significant technological advancements in recent years, leading to improved accuracy, portability, and user-friendly features. These advancements have increased the adoption of pulse oximeters both in healthcare settings and for personal use.

Aging population: The global population is aging, and older adults are more susceptible to respiratory illnesses and chronic conditions. The aging population's need for regular monitoring of oxygen levels contributes to the growth of the pulse oximeter market.

Increasing home healthcare: There is a growing trend towards home healthcare, where individuals prefer to monitor their health conditions at home rather than visiting healthcare facilities. Pulse oximeters are easy to use at home and provide instant results, making them an essential device for home healthcare.

Sports and fitness applications: Pulse oximeters are also used by athletes and fitness enthusiasts to monitor their oxygen saturation levels during intense workouts or high-altitude activities. The increasing focus on fitness and sports activities has boosted the demand for pulse oximeters in this segment.

Technological convergence: Pulse oximeters are now integrated into wearable devices, such as smartwatches and fitness trackers. This convergence of technologies has further expanded the market reach of pulse oximeters, as they become a part of everyday wearable devices.

Restraints

Lack of training and increasing price erosion are the key factors that are anticipated to hamper the growth of the global pulse oximeters market.

Geography Insight

The pulse oximeter market in North America is estimated to hold largest revenue throughout the estimated period due to easy accessibility of these devices in the region along with extensive occurrence of pulmonary disorders amongst the patients in this region. Furthermore, increasing awareness amongst medical specialist and patients about these devices along with increasing popularity is another factor pertaining towards the growth of pulse oximeter market in this region. 

Moreover, the pulse oximeter market in Asia-Pacific is anticipated to generate highest CAGR during the forecast period owing to increasing benefit of this device to create patient safety during anaesthesia and surgery that has obligated hospitals and governments to include pulse oximetry in their treatments. Furthermore, technological advancements in healthcare domain in this region, increased market penetration by key players and increasing population of patient in this region is the key factor that is driving the growth of pulse oximeter market in this region. 

Competitive Insight

The eminent key players in the global pulse oximeter market are extending their product portfolios, undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe. 

Some of the players having a prominent presence in the global pulse oximeter market include General Electric Company, Masimo Corporation, Edwards Lifesciences Corporation, Nihon Kohden Corporation, Medtronic PLC, Koniklijke Philips N.V., Smiths Medical Inc., Spacelabs Healthcare Inc., Opto Circuits Limited, Drägerwerk AG & Co. KGaA, Halma PLC, and Contec Medical System Co. Ltd.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behavior.

The Pulse Oximeter Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Type
    • Fingertip
    • Table-top
    • Wrist-worn
    • Hand-held
    • Earlobe
    • Forehead
    • Palm/Foot
    • Nose
  • By Sensor Type 
    • Reusable
    • Disposable
  • By Patient Type 
    • Neonatal
    • Pediatric
    • Adult
  • By End-User
    • Hospitals
    • Clinics & Healthcare Facilities
    • Home Care
    • Diagnostic Centers

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

 

Pulse Oximeter Market Size

Source: VynZ Research

Pulse Oximeter Market Analysis

Source: VynZ Research

Frequently Asked Questions

Some of the players having a prominent presence in the global pulse oximeter market include General Electric Company, Masimo Corporation, Edwards Lifesciences Corporation, Nihon Kohden Corporation, Medtronic PLC, Koniklijke Philips N.V., Smiths Medical Inc., Spacelabs Healthcare Inc., Opto Circuits Limited, Drägerwerk AG & Co. KGaA, Halma PLC, and Contec Medical System Co. Ltd.
The eminent key players in the global pulse oximeter market are extending their product portfolios, undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.
Lack of training and increasing price erosion are the key factors that are anticipated to hamper the growth of the global pulse oximeters market.
Hospitals are the major end user for this market.
On the basis of type, the fingertip pulse oximeters segment is anticipated to generate the largest revenue by 2030.

Purchase Options

Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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