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Pulse Oximeter Market

Global Pulse Oximeter Market Size, Share, Price, Growth, Trends: By Type: Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Others; By Product; By Technology; By Age Group; By End Use; By Route of Administration; By Treatment Channel; By Distribution Channels; By End User; Regional Analysis; Supplier Landscape; 2024-2032

Global Pulse Oximeter Market Outlook

The global pulse oximeter size attained a value of USD 2.56 billion in 2023. The market is anticipated to grow at a healthy CAGR of 6.7% during the forecast period of 2024-2032 to attain a value of USD 4.59 billion by 2032.

 

Key Trends in the Market

A pulse oximeter is a small device used to measure the concentration of oxygen in the blood in a painless and easy way. It is typically clipped to the third finger of the dominant hand to measure the oxygen level in the blood. Pulse oximeters are available with separate sensors and measuring units, as well as fingertip measuring devices. Readings from a pulse oximeter usually consist of two numbers, the pulse (heart) rate and SpO2. A normal SpO2 reading is expected to be 95% or above. 

 

  • After the COVID-19 pandemic, there is increased awareness regarding monitoring of oxygen levels as a key indicator of potential respiratory-related health issues, bolstering the demand for pulse oximeters by general users.
  • Increasing prevalence of respiratory conditions such as asthma, pneumonia, and chronic obstructive pulmonary disease are expected to help in the growth of the market.
  • Developing countries are investing largely to bring transformation and development in healthcare capabilities, such as pulse oximeters and other medical devices, which will fuel the market growth. Pulse oximeters are low-cost and effective, making them an excellent choice for healthcare systems with limited budgets.
  • Increase in the hospitalisations and surgical procedure are also contributing to the growth of the pulse oximeter market as patients require careful monitoring of oxygen levels needs before and after surgeries or other medical procedures.

 

pulse oximeter market

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Market Analysis

Based on type, the market can be divided into fingertip pulse oximeters, handheld pulse oximeters, and tabletop oximeters, among others. By technology, the market is bifurcated into conventional and connected. On the basis of age group, the market is categorised into adult and paediatric. Based on end use, the market is segmented into hospitals and ambulatory surgical centres, clinics, and home healthcare, among others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global pulse oximeter market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Medtronic, plc
  • Koninklijke Philips N.V.
  • Nonin Medical, Inc.
  • Nihon Kohden Corporation
  • ICU Medical Inc.
  • Masimo Österreich GmbH
  • Others

 

pulse oximeter market by segments

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Market Share by End Use

Hospitals and ambulatory surgical centres have traditionally held a leading share in the pulse oximeter market due to their vast usage for all types of patients. Pulse oximeters are commonly used by medical staff to monitor the patient before or during the surgical procedure to avoid risks and complications. 

 

However, with the development of easy to use pulse oximeters and growing awareness regarding their usage and benefits, the home healthcare end use segment is witnessing rapid growth. Patients with respiratory problems are often advised to use pulse oximeters to monitor their oxygen levels at home, so that any fluctuations or changes can be immediately identified and action can be taken. 

 

Market Share by Region

North America is expected to account for the largest share in the market for pulse oximeters owing to the established healthcare sector and increased prevalence of respiratory and chronic diseases in the region. Advancements in healthcare infrastructure in countries such as the United States and presence of key players are also contributing to the growth of the market in the North America region. Technological advancements and developments in pulse oximeter devices are also on the rise, ultimately helping in the growth of the overall pulse oximeter market.

 

pulse oximeter market by region

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Competitive Landscape

Nonin Medical Inc. is a medical equipment manufacturing company that has its headquarter in Minnesota in the United States. It was founded in 1986 and deals with the manufacturing of equipment such as pulse oximetry, sensors, and data management software among others. 

 

Nihon Kohden Corporation founded in 1951 is based out of Tokyo, Japan. It is a company that develops, manufactures, and distributes medical electronic equipment such as ECGs, EEGs, patient monitors, clinical information systems, and EMG measuring systems. 

 

ICU Medical Inc. was founded in 1984 and has its headquarter in California, United States. It is a company that manufactures and sells medical technology equipment for use in oncology, vascular therapy, and critical care. 

 

Other market players include Medtronic, plc, Koninklijke Philips N.V., and Masimo Österreich GmbH, among others.

 

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:

  • Type
  • Product
  • Technology
  • Age Group
  • End Use
  • Route of Administration
  • Treatment Channel
  • Distribution Channels
  • End User
  • Region
Breakup by Type
  • Fingertip Pulse Oximeters
  • Handheld Pulse Oximeters
  • Tabletop Oximeters
  • Others
Breakup by Product
  • Sensors
  • Equipment
Breakup by Technology
  • Conventional
  • Connected
Breakup by Age Group
  • Adults
  • Pediatric
Breakup by End Use
  • Hospitals and Ambulatory Surgical Centres
  • Clinics
  • Home Healthcare
  • Others
Breakup by Route of Administration
  • Oral
  • Parenteral
  • Inhalations
  • Others
Breakup by Treatment Channel
  • Public
  • Private
Breakup by Distribution Channels
  • Hospitals Pharmacy
  • Online Pharmacy
  • Retail Pharmacy
  • Others
Breakup by End User
  • Hospitals
  • Clinics
  • Homecare Settings
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Medtronic, plc
  • Koninklijke Philips N.V.
  • Nonin Medical, Inc.
  • Nihon Kohden Corporation
  • ICU Medical Inc.
  • Masimo Österreich GmbH
  • GE Healthcare
  • CareFusion Corp (Vyaire)
  • CASMED (Edwards Lifesciences Corporation.)
  • Opto Circuits India Ltd.
  • Smiths Medical
  • Welch Allyn
  • Spacelabs Healthcare
  • Zensorium
  • Meditech Equipment Co., Ltd.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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 Type
        4.2.2    Analysis by Technology
        4.2.3    Analysis by End User
5    Global Pulse Oximeter Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    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
    6.1    Global Pulse Oximeter Market by Type
        6.1.1    Market Overview
        6.1.2    Fingertip Pulse Oximeters 
        6.1.3    Handheld Pulse Oximeters
        6.1.4    Tabletop Oximeters
        6.1.5    Others 
    6.2    Global Pulse Oximeter Market by Product
        6.2.1    Market Overview
        6.2.2    Sensors
            6.2.2.1    Disposable Sensors
            6.2.2.2    Reusable Sensors
        6.2.3    Equipment
    6.3    Global Pulse Oximeter Market by Technology
        6.3.1    Market Overview
        6.3.2    Conventional
        6.3.3    Connected
    6.4    Global Pulse Oximeter Market by Age Group
        6.4.1    Market Overview
        6.4.2    Adults
        6.4.3    Pediatric
            6.4.3.1    Infants
            6.4.3.2    Neonatals
    6.5    Global Pulse Oximeter Market by End Use 
        6.5.1    Market Overview
        6.5.2    Hospitals and Ambulatory Surgical Centres
        6.5.3    Clinics
        6.5.4    Home Healthcare
        6.5.5    Others
    6.6    Global Pulse Oximeter Market by Route of Administration
        6.6.1    Market Overview
        6.6.2    Oral
        6.6.3    Parenteral
        6.6.4    Inhalations
        6.6.5    Others
    6.7    Global Pulse Oximeter Market by Treatment Channel
        6.7.1    Market Overview
        6.7.2    Public
        6.7.3    Private
    6.8    Global Pulse Oximeter Market by Distribution Channels
        6.8.1    Market Overview
        6.8.2    Hospitals Pharmacy
        6.8.3    Online Pharmacy
        6.8.4    Retail Pharmacy
        6.8.5    Others
    6.9    Global Pulse Oximeter Market by End User
        6.9.1    Market Overview
        6.9.2    Hospitals
        6.9.3    Clinics
        6.9.4    Homecare Settings
        6.9.5    Others
    6.10    Global Pulse Oximeter Market by Region
        6.10.1    Market Overview
        6.10.2    North America 
        6.10.3    Europe
        6.10.4    Asia Pacific
        6.10.5    Latin America
        6.10.6    Middle East and Africa
7    North America Pulse Oximeter Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Pulse Oximeter Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Pulse Oximeter Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Pulse Oximeter Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Pulse Oximeter Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding 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    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Medtronic, plc
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2     Koninklijke Philips N.V.
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Nonin Medical, Inc.
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Nihon Kohden Corporation
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5     ICU Medical Inc.
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Masimo Österreich GmbH
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    GE Healthcare
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    CareFusion Corp (Vyaire)
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    CASMED (Edwards Lifesciences Corporation.)
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Opto Circuits India Ltd.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Smiths Medical
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Welch Allyn
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
    17.13    Spacelabs Healthcare
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisitions
        17.13.5    Certifications
    17.14    Zensorium
        17.14.1    Financial Analysis
        17.14.2    Product Portfolio
        17.14.3    Demographic Reach and Achievements
        17.14.4    Mergers and Acquisitions
        17.14.5    Certifications
    17.15    Meditech Equipment Co., Ltd.
        17.15.1    Financial Analysis
        17.15.2    Product Portfolio
        17.15.3    Demographic Reach and Achievements
        17.15.4    Mergers and Acquisitions
        17.15.5    Certifications
18    Global Pulse Oximeter Market- Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies 
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The pulse oximeter market was valued at USD 2.56 billion in 2023.

The market is expected to grow at a CAGR of 6.7% from 2024 to 2032 to reach USD a value of USD 4.59 billion by 2032.

The major market drivers include increasing awareness about the importance of oxygen monitoring, rising prevalence of respiratory diseases, growing usage in home healthcare, and technological advancements.

The key trends of the market are respiratory diseases in children, growing geriatric population, increasing investments in developing countries, and increase in hospitalisations.

Key market players include Medtronic, plc, Koninklijke Philips N.V., Nonin Medical, Inc., Nihon Kohden Corporation, ICU Mdical Inc., and Masimo Österreich GmbH, among others.

A pulse oximeter is a small device used to measure the concentration of oxygen in the blood in a painless and easy way.

A pulse oximeter is used by clipping the sensor to the fingertip of the patient to measure oxygen levels and pulse rate.

The global pulse oximeter market is segmented based on type, technology, age group, end use, and region.

A normal oxygen reading is expected to be 95% or above.

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