The pulse oximeter market is projected to grow at a CAGR of 6.64% during the forecast period to be valued at US$3.231 billion in 2030 from US$2.343 billion in 2025.
Pulse oximeters work on the principle of pulse oximetry, which is used to determine the fraction of oxygen-saturated haemoglobin relative to the total haemoglobin. Pulse oximeters are widely used in the healthcare industry for monitoring the blood oxygen levels of patients in emergencies, operations, and intensive care units, thereby boosting market growth. Also, factors such as declining costs and improving result precision will further fuel market growth. The North American region is expected to witness high growth due to the presence of a strong healthcare industry, coupled with a favourable innovation environment and huge research and development expenditure.
The market is significantly impacted by the rise in awareness about pulse oximeters among customers, and with the ongoing technological advancements in the sector, the demand is expected to grow further in the coming years. The availability of new products and high unmet needs in developing and least-developed economies are expected to boost market growth over the forecast period. Around 43 states in the U.S. have made pulse oximetry mandatory for newborn screening and it is gaining popularity in other countries due to applications in the detection of Congenital Heart Defects (CHD) and other heart and respiratory conditions.
The growing prevalence of diseases such as asthma, hyperlipidemia, hypertension, diabetes, ischemic conditions, cardiac arrhythmia, sleep apnea, and COPD is expected to be a major market driver over the forecast period. According to a 2019 report by The Lancet, around 390 million patients were affected by COPD worldwide, with approximately 90% of deaths due to COPD occurring in low- and middle-income countries (per WHO).
Furthermore, a rise in health and fitness awareness, coupled with the advent of new technologies such as the Internet of Things (IoT), big data, and analytics in medical devices, is the key factors that is accelerating the market growth. Furthermore, stressful and hectic lifestyles have resulted in the rise of several health disorders that will fuel the market's expansion. The industry is also expected to witness strong growth mainly due to the rising incidence of chronic diseases, increasing adoption of pulse oximeters, other monitoring, and implantable devices; rising expenditure on healthcare across the world; and a growing elderly population.
All patients with acute respiratory problems are typically monitored with pulse oximetry systems in hospitals or ambulatory surgical centers. The advancement in technology has resulted in the possibility of home monitoring for patients with underlying health conditions. The market for wearable and handheld pulse oximeters in home settings has been growing but is expected to be fuelled by COVID-19-influenced information about self-health awareness. A substantial shift from hospitals to home care is expected to fuel the market during the forecast period.
Moreover, the increasing demand have given market players the opportunity to invest in the product advancements and come improved solutions.
The global pulse oximeter market report deep-dives into the global industry landscape and provides a strategic and executive level-level insights complemented by data-driven analysis and forecasts. The report is updated regularly to help the decision-makers with actionable intelligence into the current market trends, emerging opportunities and competitive intelligence. The report also explores the demand for different types of pulse oximeter such as fingertip, handheld, fetal, tabletop, wristband, and pediatric pulse oximeter. and showcases their demand across geographies. The latest technological advancements in the pulse oximeter market in addition to key government policies and regulations and macroeconomic factors are also analysed to present a holistic view of the market.
The Pulse Oximeter Market is analysed By Type into the following:
Pulse Oximeter Market Segmentation By End-User:
Hospital & Clinics is one of the largest market segments. The growing health expenditure is playing a vital role in the expansion of the market. The report analysed the Pulse Oximeter Market into different segments as below:
Pulse Oximeter Market Segmentation By Regions:
The study also analysed the Pulse Oximeter Market into the following regions, with country level forecasts and analysis as below:
The global pulse oximeter market is marked by the presence of key players such as Contec Medical Systems Co., Ltd., GE HealthCare Technologies Inc., Halma plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nihon Kohden Corporation, Nonin Medical, Inc., Omron Corporation, and Smiths Group plc. among others.
This report provides extensive coverage as explained in the points below:
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| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Pulse Oximeter Market Size in 2025 | US$2.343 billion |
| Pulse Oximeter Market Size in 2030 | US$3.231 billion |
| Growth Rate | CAGR of 6.64% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Pulse Oximeter Market | |
| Customization Scope | Free report customization with purchase |