Global pulse oximeter market is estimated to be valued at USD 3,918.7 Mn in 2024 and is expected to exhibit a CAGR of 7.9% during the forecast period (2024-2031). The global pulse oximeter market has been witnessing significant growth in the recent past owing to the rising incidence of respiratory diseases and increasing geriatric population worldwide. Pulse oximeters are non-invasive devices that measure the oxygen saturation level in blood and pulse rate. They have emerged as an essential device for monitoring patients suffering from chronic obstructive pulmonary disease (COPD), asthma, obesity hypoventilation syndrome and other respiratory disorders. Furthermore, the ongoing COVID-19 pandemic has strongly driven the demand for pulse oximeters for remotely monitoring patients exhibiting coronavirus symptoms. With growing health awareness and expanding application in home healthcare settings, the market is expected to continue its upward trajectory over the coming years.

Market Dynamics:

The global pulse oximeter market growth is driven by the rising global prevalence of respiratory diseases as well as the growing geriatric population who are more susceptible to such conditions. As per World Health Organization, data, over 235 million people suffer from asthma worldwide. Similarly, over 300 million people live with COPD globally. This has significantly fueled the demand for pulse oximeters for diagnosis and ongoing monitoring of patients. However, the market faces some restraints in terms of lack of awareness regarding pulse oximetry in developing nations. On the positive side, factors such as increasing adoption of remote patient monitoring devices, growing applications in home healthcare settings, and continuous technological innovations are expected to create new opportunities for market players over the forecast period.

Key Features of the Study:

• This report provides in-depth analysis of the global pulse oximeter market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global pulse oximeter market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study Stryker, Medtronic, Nihon-Kohden Corporation, GE Healthcare, Koninklijke Philips N.V., Hill-Rom Services, Inc., Smiths Group plc, Honeywell International, Promed Technology Co., Ltd., Contec Medical Systems Co., Ltd., CONMED Corporation, Curbell Medical Products, Inc., Ecomed, Masimo, TytoCare Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global pulse oximeter market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pulse oximeter market.

Detailed Segmentation-

• Product Type:
  • Tabletop Pulse Oximeters
  • Fingertip Pulse Oximeters
  • Wrist-worn Pulse Oximeters
  • Handheld Pulse Oximeters
• Sensor Type:
  • Disposable Sensors
  • Reusable Sensors
• End User:
  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings
  • Others
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Stryker
  • Medtronic
  • Nihon-Kohden Corporation
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Hill-Rom Services, Inc.
  • Smiths Group plc
  • Honeywell International
  • Promed Technology Co., Ltd.
  • Contec Medical Systems Co., Ltd.
  • CONMED Corporation
  • Curbell Medical Products, Inc.
  • Ecomed
  • Masimo
  • TytoCare Ltd.