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The global pulse oximeter market was valued at USD 2.70 Billion in 2024, 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 2025-2034, with the values likely to rise from USD 3 Billion in 2025 to USD 6.21 Billion by 2034.
Base Year
Historical Period
Forecast Period
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.
Compound Annual Growth Rate
8.68%
Value in USD Billion
2025-2034
Pulse Oximeter Market Outlook
*this image is indicative*
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.
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.
The EMR’s report titled “Pulse Oximeter Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Product Type
Market Breakup by Technology
Market Breakup by Age Group
Market Breakup by Region
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.
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.
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:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
*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.*
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REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Sensor Type |
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Breakup by Technology |
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Breakup by Age Group |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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