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Global Pulse Oximeter Market Size, Share, Analysis, Growth: by Product Type: Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Wrist-worn Oximeters, Bedside/Tabletop Pulse Oximeters, Others; By Sensor Type: Disposable Sensors, Reusable Probes; By Technology; By Age Group; By End User; Regional Analysis; Supplier Landscape; 2024-2032
Global Pulse Oximeter Market Size
The global pulse oximeter market was valued at USD 2.7 billion in 2023, driven by the growing prevalence of respiratory diseases and increasing number of surgical procedures across the globe. The market is expected to grow at a CAGR of 8.68% during the forecast period of 2024-2032, with the values likely to rise from USD 3 billion in 2024 to USD 5.8 billion by 2032.
Global Pulse Oximeter Market Outlook
- In February 2024, Masimo announced FDA approval of MightySat® Medical which is the first and only FDA-cleared medical fingertip pulse oximeter available Over the Counter (OTC) direct to consumers without a prescription.
- In November 2023, GE HealthCare and Masimo announced a joint agreement to integrate Masimo Signal Extraction Technology (SET) pulse oximetry into GE HealthCare’s Portrait Mobile wireless and wearable patient monitoring solution.
- In January 2023, Philips and Masimo expanded their partnership for telehealth applications with the Masimo W1™ advanced health tracking watch. Masimo W1 is the first watch to provide accurate, continuous pulse oximetry measurements.
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Global Pulse Oximeter Market Overview
Pulse oximeter is an electronic device that offers non-invasive, pain-free way of measuring the saturation of oxygen in a person’s red blood cells. The device is advantageous over the traditional way of measuring blood oxygen levels which involves drawing the blood from arteries. Pulse oximeters have been included in the WHO safe surgery checklist and recognized as the important perioperative safety monitoring device. It plays a crucial role in providing the safe delivery of anaesthesia during the surgery. Due to its compact, user-friendly, and portable features, it makes it easy for people to use it at homecare setting. The device is also recommended for use in patients with lung or heart conditions. As a result, pulse oximeters are frequently employed at home for patients suffering from chronic respiratory conditions.
Global Pulse Oximeter Market Growth Factors
Increasing Prevalence of Respiratory Diseases like Asthma and COPD
The data from American Thoracic Society indicates that around 235 million people suffer from asthma and more than 200 million people have chronic obstructive pulmonary disease (COPD ). Also, nearly 4 million people die prematurely from chronic respiratory disease. Rising urbanisation is leading to elevated pollution levels, likely to enhance respiratory issues in the future as well. Consequently, high demand of pulse oximeter in patients with respiratory diseases is expected to fuel the growth of the market.
Surge in Surgical Procedures to Boost Pulse Oximeter Market Demand
Increased use of pulse oximeters during and after the surgical procedures for patient monitoring is also a key driver in driving the market growth. As per the World health Organization (WHO) 2021 report, more than 313 million surgical procedures are performed globally. Among this, 15 million of surgical procedures are performed in the United States. Pulse oximeter is an indispensable tool helping doctors or physicians in the hospital settings. According to the WHO 2019, there are approximately 421 million hospitalizations in the world annually. Additionally, increased number of COVID-19 cases and hospitalizations during the historical years have put and positive impact in accelerating the growth of pulse oximeter market.
Other factors that can influence the market growth include rise in geriatric population, increasing prevalence of cardiovascular diseases, and high demand of non-invasive methods over traditional methods.
Global Pulse Oximeter Market Trends
| Key Trend | Impact |
| Technological Advancements | Significant technological advancements in pulse oximeters have enabled better diagnosis and monitoring of patients. Recently, the use of multiple wavelengths of light and use of electronic processes to improve pulse oximeter signal processing have opened the use of the device in new clinical applications. |
| Homecare Monitoring | There is a rising preference for home healthcare devices. This can be attributed to the ease of at home application and reduction in the time of waiting lines at hospital. Additionally, pulse oximeters are lightweight and portable making it ideal tool for use at home. |
| Integration of Pulse Oximeters with Wearable Devices | As wearable devices emerge as a new trend, pulse oximeters are being integrated with wearable fitness trackers. It helps in providing continuous tracking of oxygen saturation levels during daily activities, exercise, and sleep. With heightened focus on improving physical health, pulse oximeters are expected to witness increased application in various domains. |
| Rise in Geriatric Population | The geriatric population is increasing globally. As individuals age, they are more susceptible to various health conditions, including respiratory and cardiovascular diseases. Pulse oximeters play a crucial in managing and treating such conditions by detecting complications early. |
Global Pulse Oximeter Market Segmentation
Market Breakup by Type
- Disposable Sensors
- Reusable Probes
Market Breakup by Product Type
- Finger Pulse Oximeters
- Handheld Pulse Oximeters
- Wrist-worn Oximeters
- Wireless Pulse Oximeters
- Bedside/Table Top Pulse Oximeters
- Pediatric Pulse Oximeters
- Others
Market Breakup by Technology
- Conventional Devices
- Connected Devices
Market Breakup by Age Group
- Adult
- pediatric
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Global Pulse Oximeter Market Share
Disposable Sensors are Expected to Lead the Market Share Based on Type
The market segmentation by type includes disposable sensors and reusable probes. Reusable probes are more expensive than their counterparts. In addition, the re-use of pulse oximeter probes raises the risk of cross-contamination amongst patients as well. However, disposable sensors are not only easy to use but also offer more durability and comfort. Thus, in practice, disposable oximeter sensors are used more commonly than the reusable probes.
Connected Devices are Projected to Hold Significant Market Value in the Forecast Period
Based on technology, the global pulse oximeter market is segmented into conventional devices and connected devices. Connected devices allow healthcare professionals to monitor patients remotely which can lead to improved patient outcomes. While conventional devices are standalone devices and are commonly used in clinical settings such as hospitals and clinics. Rising prevalence of telehealth and remote patient monitoring is likely to boost the market share of connected devices in the coming years.
Global Pulse Oximeter Market Analysis by Region
The market report offers insights into major regional markets including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America, particularly United States, leads the market segment which can be attributed to the presence of an advanced healthcare infrastructure and technological advancements. Furthermore, the region is experiencing several mergers and acquisitions. Prominent healthcare leaders are acquiring smaller companies to foster innovation and growth in the region.
The Asia-Pacific region is anticipated to experience a surge in the market value, aided by improvements in research and healthcare infrastructure. In addition, the rising privatization in emerging economies like South Korea, and India is driving the market forward with rapid adoption of latest technologies. Initiatives to make the masses aware about the application of pulse oximeters is also expected to aid growth in the coming years.
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Leading Players in the Global Pulse Oximeter Market
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Medtronic Plc
- Masimo Corporation
- Koninklijke Philips N.V.
- Nihon Kohden Corporation
- GE Healthcare
- Contec Medical Systems Co. Ltd
- ICU Medical (Smiths Medical Group)
- Vyaire Medical, Inc.
- Promed Technology Co.
- Omron Corporation
- Drägerwerk AG & Co. KGaA
- Nonin Medical, Inc.
- Spacelabs Healthcare (OSI Systems)
- Welch Allyn, Inc. (Baxter International)
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Sensor Type |
|
| Breakup by Technology |
|
| Breakup by Age Group |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
Key Queries Solved in the Global Pulse Oximeter Market Report
- What was the global pulse oximeter market value in 2023?
- What is the global pulse oximeter market forecast outlook for 2024-2032?
- What are the major factors aiding the global pulse oximeter market demand?
- What are the major global pulse oximeter market trends?
- What is the market segmentation based on the type?
- What is the market segmentation based on product type?
- What age groups use pulse oximeters?
- What are the major regional markets for pulse oximeter, according to the EMR report?
- Who are the key players involved in the global pulse oximeter market?
- How will the market landscape evolve in the forecast period?
- What will be the effect of each driver, challenge, and opportunity on the market?
- Which regional market is expected to experience expedited growth during the forecast period?
- Which product type will lead the market growth?
- Which product type of pulse oximeter is expected to dominate the respective market segment?
- What are the key research initiatives expected to boost the market value during the forecast period?
- Which age group area is poised to make the highest impact on the market growth?
- What is the market share, strategies, and product portfolios of the leading players in the market?
- How is the regulatory landscape shaping the market?
- What are the market dynamics, trends, and growth prospects in the key regional markets?
- How is technological innovation impacting the development of pulse oximeters?
- What are the investment opportunities and potential risks associated with the market?
- What is the patents landscape of the market?
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Pulse Oximeter Market Overview
3.1 Global Pulse Oximeter Market Historical Value (2017-2023)
3.2 Global Pulse Oximeter Market Forecast Value (2024-2032)
4 Global Pulse Oximeter Market Landscape*
4.1 Global Pulse Oximeter: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Pulse Oximeter: Product Landscape
4.2.1 Analysis by Sensor Type
4.2.2 Analysis by Product Type
4.2.3 Analysis by Technology
5 Global Pulse Oximeter Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.2.1 Strengths
5.2.2 Weaknesses
5.2.3 Opportunities
5.2.4 Threats
5.3 Porter’s Five Forces Model
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Rivalry
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Pulse Oximeter Market Segmentation (2017-2032)
6.1 Global Pulse Oximeter Market (2017-2032) by Product Type
6.1.1 Market Overview
6.1.2 Fingertip Pulse Oximeters
6.1.3 Handheld Pulse Oximeters
6.1.4 Wrist-worn Oximeters
6.1.5 Bedside/Tabletop Pulse Oximeters
6.1.6 Others
6.2 Global Pulse Oximeter Market (2017-2032) by Sensor Type
6.2.1 Market Overview
6.2.2 Disposable Sensors
6.2.3 Reusable Probes
6.3 Global Pulse Oximeter Market (2017-2032) by Technology
6.3.1 Market Overview
6.3.2 Conventional Devices
6.3.3 Connected Devices
6.4 Global Pulse Oximeter Market (2017-2032) by Age Group
6.4.1 Market Overview
6.4.2 Adult
6.4.3 Pediatric
6.5 Global Pulse Oximeter Market (2017-2032) by End User
6.5.1 Market Overview
6.5.2 Hospitals and Clinics
6.5.3 Ambulatory Surgical Centers
6.5.4 Research Centers
6.6 Global Pulse Oximeter Market (2017-2032) by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Pulse Oximeter Market (2017-2032)
7.1 North America Pulse Oximeter Market (2017-2032) by Sensor Type
7.1.1 Market Overview
7.1.2 Disposable Sensors
7.1.3 Reusable Probes
7.2 North America Pulse Oximeter Market (2017-2032) by Product Type
7.2.1 Market Overview
7.2.2 Fingertip Pulse Oximeters
7.2.3 Handheld Pulse Oximeters
7.2.4 Wrist-worn Oximeters
7.2.5 Bedside/Tabletop Pulse Oximeters
7.2.6 Others
7.3 North America Pulse Oximeter Market (2017-2032) by Country
7.3.1 United States of America
7.3.2 Canada
8 Europe Pulse Oximeter Market (2017-2032)
8.1 Europe Pulse Oximeter Market (2017-2032) by Sensor Type
8.1.1 Market Overview
8.1.2 Disposable Sensors
8.1.3 Reusable Probes
8.2 Europe Pulse Oximeter Market (2017-2032) by Product Type
8.2.1 Market Overview
8.2.2 Fingertip Pulse Oximeters
8.2.3 Handheld Pulse Oximeters
8.2.4 Wrist-worn Oximeters
8.2.5 Bedside/Tabletop Pulse Oximeters
8.2.6 Others
8.3 Europe Pulse Oximeter Market (2017-2032) by Country
8.3.1 United Kingdom
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Others
9 Asia Pacific Pulse Oximeter Market (2017-2032)
9.1 Asia Pacific Pulse Oximeter Market (2017-2032) by Sensor Type
9.1.1 Market Overview
9.1.2 Disposable Sensors
9.1.3 Reusable Probes
9.2 Asia Pacific Pulse Oximeter Market (2017-2032) by Product Type
9.2.1 Market Overview
9.2.2 Fingertip Pulse Oximeters
9.2.3 Handheld Pulse Oximeters
9.2.4 Wrist-worn Oximeters
9.2.5 Bedside/Tabletop Pulse Oximeters
9.2.6 Others
9.3 Asia Pacific Pulse Oximeter Market (2017-2032) by Country
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 ASEAN
9.3.5 Australia
9.3.6 Others
10 Latin America Pulse Oximeter Market (2017-2032)
10.1 Latin America Pulse Oximeter Market (2017-2032) by Sensor Type
10.1.1 Market Overview
10.1.2 Disposable Sensors
10.1.3 Reusable Probes
10.2 Latin America Pulse Oximeter Market (2017-2032) by Product Type
10.2.1 Market Overview
10.2.2 Fingertip Pulse Oximeters
10.2.3 Handheld Pulse Oximeters
10.2.4 Wrist-worn Oximeters
10.2.5 Bedside/Tabletop Pulse Oximeters
10.2.6 Others
10.3 Latin America Pulse Oximeter Market (2017-2032) by Country
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Mexico
10.3.4 Others
11 Middle East and Africa Pulse Oximeter Market (2017-2032)
11.1 Middle East and Africa Pulse Oximeter Market (2017-2032) by Sensor Type
11.1.1 Market Overview
11.1.2 Disposable Sensors
11.1.3 Reusable Probes
11.2 Middle East and Africa Pulse Oximeter Market (2017-2032) by Product Type
11.2.1 Market Overview
11.2.2 Fingertip Pulse Oximeters
11.2.3 Handheld Pulse Oximeters
11.2.4 Wrist-worn Oximeters
11.2.5 Bedside/Tabletop Pulse Oximeters
11.2.6 Others
11.3 Middle East and Africa Pulse Oximeter Market (2017-2032) by Country
11.3.1 Saudi Arabia
11.3.2 United Arab Emirates
11.3.3 Nigeria
11.3.4 South Africa
11.3.5 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.2 US FDA
12.3 EU EMA
12.4 INDIA CDSCO
12.5 JAPAN PMDA
12.6 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication Year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Funding and Investment Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Supplier Landscape
16.1 Market Share by Top 5 Companies
16.2 Medtronic Plc
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 Masimo Corporation
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.3.5 Certifications
16.4 Koninklijke Philips N.V.
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 Nihon Kohden Corporation
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 GE Healthcare
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 Contec Medical Systems Co. Ltd
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 ICU Medical (Smiths Medical Group)
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 Vyaire Medical, Inc.
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 Promed Technology Co.
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
16.11 Omron Corporation
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.11.5 Certifications
16.12 Drägerwerk AG & Co. KGaA
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic
16.12.4 Mergers and Acquisitions
16.12.5 Certifications
16.13 Nonin Medical, Inc.
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisitions
16.13.5 Certifications
16.14 Spacelabs Healthcare (OSI Systems)
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisitions
16.14.5 Certifications
16.15 Welch Allyn, Inc. (Baxter International)
16.15.1 Financial Analysis
16.15.2 Product Portfolio
16.15.3 Demographic Reach and Achievements
16.15.4 Mergers and Acquisitions
16.15.5 Certifications
17 Global Pulse Oximeter Market – Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
*Additional insights provided are customisable as per client requirements.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
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