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Pulse Oximeters Market By Type, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 150 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640423
The pulse oximeter market was valued at $211.63 million in 2021 and is expected to reach $3,910.55 million by 2031, growing at a CAGR of 6.3% from 2022 to 2031.
Pulse oximeter is a non-invasive device used for monitoring oxygen level and heart rate of patients. These devices offer clinically relevant information regarding the health status of patients during diagnosis and post-surgery management. This information plays a vital role in deciding if a patient needs to be kept on a ventilator. Pulse oximeters are used during emergencies, pre-and post-surgery, on-going treatment at hospitals, and home healthcare. These devices are useful for people suffering from chronic obstructive pulmonary disease(COPD), asthma, and other respiratory conditions.

Increase in importance of oxygen level monitoring at home care settings and improvement in reimbursement scenario of developed countries, are factors responsible for the growth of the pulse oximeter market. In addition, surge in geriatric population and rise in chronic health conditions including COP and sleep apnea, have fueled the growth of pulse oximeters market. Moreover, increase in use of pulse oximeters for fitness monitoring and rise in ambulatory surgery centers across various countries that use monitoring devices routinely have fueled the market growth. In addition, increase in prevalence of diseases such as hypertension, asthma, diabetes, and cardiac arrhythmia has significantly uplifted the demand for pulse oximeters. According to the World Health Organization, 64 million patients are currently suffering with COPD and is expected to be the major driver for the pulse oximeter market during forecast period. Increase in patient pool for the detection of congential heart defects and respiratory conditions thereby increased the demand for pulse oximeter, thus making way for opportunities for the growth of the market. However, lack of awareness toward these devices in the low- and middle-income countries hamper the market growth.

In addition, key industry players are undertaking major initiatives such as agreement, partnership, and acquisition of another companies to strengthen their market presence. For instance, in 2021, Masimo acquired LiDCO, a supplier of non-invasive and minimally invasive hemodynamic equipment expanding its portfolio of patient monitoring.

Moreover, according to the Worldometer, the virus has affected over 160 million people globally as of May 2021 and resulted in 3,346,760 deaths. This outbreak has led to concerns over timely medical attention leading to increased demand for pulse oximeter market.

In addition, the demand for portable pulse oximeters has increased over the years due to growth in preference for homecare patient monitoring. Monitoring of oxygen saturation level in home setting helps doctors to diagnose disease, including hypoxemia faster, reduce healthcare costs, and keep track of the course of treatment. Portable pulse oximeters offer several benefits such as ease-of-transportation and monitoring patient condition in pre-hospital situations (emergency or disaster). Almost all major players offer these portable pulse oximeters.

Fingertip pulse oximeters are one such portable oximeters used in all healthcare settings including homecare, clinical settings, and hospitals. Patients with breathing disorders, such as chronic obstructive pulmonary disease (COPD), can monitor blood-oxygen levels themselves using these pulse oximeters. Fingertip pulse oximeter is a non-invasive and safe way of monitoring oxygen level in blood.

The pulse oximeter market is segmented on the basis of type, end user, and region. Depending on the type, the market is segmented into bedside pulse oximeters, fingertip pulse oximeters, handheld pulse oximeters, wrist-worn pulse oximeters, and pediatric pulse oximeters. By end user it is divided into hospitals & clinics, ambulatory surgical centers, and home environment.

Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Technological advancement in pulse oximeters such as transfer of data, extensive memory, alarm system, and Bluetooth increase the efficiency of these devices. Rise in demand for pulse oximeter for the detection of heart rate, is also trending among geriatric population further expanding of the global market.

The key players operating in the pulse oximeter market include Contec Medical Systems Co. Ltd, Masimo Corporation, Meditech Equipment Co. Ltd., Medtronic Plc., Nonin Medical Inc., Omron Corporation, Koninklijke Philips N.V, Promed Technology Co.Ltd, Smith Group Plc, and Tenko Medical Systems.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pulse oximeters market analysis from 2021 to 2031 to identify the prevailing pulse oximeters market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the pulse oximeters market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global pulse oximeters market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Type

  • Bedside Pulse Oximeter
  • Fingertip Pulse Oximeter
  • Hand held Pulse Oximeter
  • Wrist worn Pulse Oximeter
  • Pediatric Pulse Oximeter

By End User

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Home Environment

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players

  • Contec Medical Systems Co. Ltd
  • Masimo Corporation
  • Meditech Equipment Co. Ltd.
  • Medtronic Plc.
  • Nonin Medical Inc.
  • Omron Corporation
  • Koninklijke Philips N.V.
  • Promed Technology Co.Ltd
  • Smith Group Plc
  • Tenko Medical Systems

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: PULSE OXIMETERS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Bedside Pulse Oximeter
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Fingertip Pulse Oximeter
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Hand held Pulse Oximeter
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Wrist worn Pulse Oximeter
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Pediatric Pulse Oximeter
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: PULSE OXIMETERS MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Hospitals and Clinics
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Ambulatory Surgical Centers
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Home Environment
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: PULSE OXIMETERS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by End User
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by End User
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by End User
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by End User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by End User
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by End User
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by End User
6.3.4.3 U.K.
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by End User
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by End User
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by End User
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by End User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by End User
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 Japan
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by End User
6.4.4.2 China
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by End User
6.4.4.3 Australia
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by End User
6.4.4.4 India
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by End User
6.4.4.5 South Korea
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by End User
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.2 Market size and forecast, by End User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by End User
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by End User
6.5.4.2 South Africa
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by End User
6.5.4.3 Saudi Arabia
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by End User
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Contec Medical Systems Co. Ltd
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Masimo Corporation
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Meditech Equipment Co. Ltd.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Medtronic Plc.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Nonin Medical Inc.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Omron Corporation
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Koninklijke Philips N.V.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Promed Technology Co.Ltd
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Smith Group Plc
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Tenko Medical Systems
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 2. Pulse Oximeters Market Revenue, for Bedside Pulse Oximeter, by Region, 2021-2031, ($Million)
Table 3. Pulse Oximeters Market for Bedside Pulse Oximeter by Country, 2021-2031, ($Million)
Table 4. Pulse Oximeters Market Revenue, for Fingertip Pulse Oximeter, by Region, 2021-2031, ($Million)
Table 5. Pulse Oximeters Market for Fingertip Pulse Oximeter by Country, 2021-2031, ($Million)
Table 6. Pulse Oximeters Market Revenue, for Hand Held Pulse Oximeter, by Region, 2021-2031, ($Million)
Table 7. Pulse Oximeters Market for Hand Held Pulse Oximeter by Country, 2021-2031, ($Million)
Table 8. Pulse Oximeters Market Revenue, for Wrist Worn Pulse Oximeter, by Region, 2021-2031, ($Million)
Table 9. Pulse Oximeters Market for Wrist Worn Pulse Oximeter by Country, 2021-2031, ($Million)
Table 10. Pulse Oximeters Market Revenue, for Pediatric Pulse Oximeter, by Region, 2021-2031, ($Million)
Table 11. Pulse Oximeters Market for Pediatric Pulse Oximeter by Country, 2021-2031, ($Million)
Table 12. Global Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 13. Pulse Oximeters Market Revenue, for Hospitals and Clinics, by Region, 2021-2031, ($Million)
Table 14. Pulse Oximeters Market for Hospitals and Clinics by Country, 2021-2031, ($Million)
Table 15. Pulse Oximeters Market Revenue, for Ambulatory Surgical Centers, by Region, 2021-2031, ($Million)
Table 16. Pulse Oximeters Market for Ambulatory Surgical Centers by Country, 2021-2031, ($Million)
Table 17. Pulse Oximeters Market Revenue, for Home Environment, by Region, 2021-2031, ($Million)
Table 18. Pulse Oximeters Market for Home Environment by Country, 2021-2031, ($Million)
Table 19. Pulse Oximeters Market, by Region, 2021-2031, ($Million)
Table 20. North America Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 21. North America Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 22. North America Pulse Oximeters Market, by Country, 2021-2031, ($Million)
Table 23. U.S. Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 24. U.S. Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 25. Canada Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 26. Canada Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 27. Mexico Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 28. Mexico Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 29. Europe Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 30. Europe Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 31. Europe Pulse Oximeters Market, by Country, 2021-2031, ($Million)
Table 32. Germany Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 33. Germany Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 34. France Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 35. France Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 36. U.K. Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 37. U.K. Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 38. Italy Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 39. Italy Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 40. Spain Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 41. Spain Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 42. Rest of Europe Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 43. Rest of Europe Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 44. Asia-Pacific Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 45. Asia-Pacific Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 46. Asia-Pacific Pulse Oximeters Market, by Country, 2021-2031, ($Million)
Table 47. Japan Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 48. Japan Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 49. China Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 50. China Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 51. Australia Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 52. Australia Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 53. India Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 54. India Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 55. South Korea Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 56. South Korea Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 57. Rest of Asia-Pacific Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 58. Rest of Asia-Pacific Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 59. LAMEA Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 60. LAMEA Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 61. LAMEA Pulse Oximeters Market, by Country, 2021-2031, ($Million)
Table 62. Brazil Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 63. Brazil Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 64. South Africa Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 65. South Africa Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 66. Saudi Arabia Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 67. Saudi Arabia Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 68. Rest of LAMEA Pulse Oximeters Market, by Type, 2021-2031, ($Million)
Table 69. Rest of LAMEA Pulse Oximeters Market, by End-user, 2021-2031, ($Million)
Table 70. Contec Medical Systems Co. Ltd: Company Snapshot
Table 71. Contec Medical Systems Co. Ltd: Operating Segments
Table 72. Contec Medical Systems Co. Ltd: Product Portfolio
Table 73. Contec Medical Systems Co. Ltd: Net Sales
Table 74. Contec Medical Systems Co. Ltd: Key Stratergies
Table 75. Masimo Corporation: Company Snapshot
Table 76. Masimo Corporation: Operating Segments
Table 77. Masimo Corporation: Product Portfolio
Table 78. Masimo Corporation: Net Sales
Table 79. Masimo Corporation: Key Stratergies
Table 80. Meditech Equipment Co. Ltd.: Company Snapshot
Table 81. Meditech Equipment Co. Ltd.: Operating Segments
Table 82. Meditech Equipment Co. Ltd.: Product Portfolio
Table 83. Meditech Equipment Co. Ltd.: Net Sales
Table 84. Meditech Equipment Co. Ltd.: Key Stratergies
Table 85. Medtronic plc.: Company Snapshot
Table 86. Medtronic plc.: Operating Segments
Table 87. Medtronic plc.: Product Portfolio
Table 88. Medtronic plc.: Net Sales
Table 89. Medtronic plc.: Key Stratergies
Table 90. Nonin Medical Inc.: Company Snapshot
Table 91. Nonin Medical Inc.: Operating Segments
Table 92. Nonin Medical Inc.: Product Portfolio
Table 93. Nonin Medical Inc.: Net Sales
Table 94. Nonin Medical Inc.: Key Stratergies
Table 95. Omron Corporation: Company Snapshot
Table 96. Omron Corporation: Operating Segments
Table 97. Omron Corporation: Product Portfolio
Table 98. Omron Corporation: Net Sales
Table 99. Omron Corporation: Key Stratergies
Table 100. Koninklijke Philips N.V.: Company Snapshot
Table 101. Koninklijke Philips N.V.: Operating Segments
Table 102. Koninklijke Philips N.V.: Product Portfolio
Table 103. Koninklijke Philips N.V.: Net Sales
Table 104. Koninklijke Philips N.V.: Key Stratergies
Table 105. Promed Technology Co.Ltd: Company Snapshot
Table 106. Promed Technology Co.Ltd: Operating Segments
Table 107. Promed Technology Co.Ltd: Product Portfolio
Table 108. Promed Technology Co.Ltd: Net Sales
Table 109. Promed Technology Co.Ltd: Key Stratergies
Table 110. Smith Group plc: Company Snapshot
Table 111. Smith Group plc: Operating Segments
Table 112. Smith Group plc: Product Portfolio
Table 113. Smith Group plc: Net Sales
Table 114. Smith Group plc: Key Stratergies
Table 115. Tenko Medical Systems: Company Snapshot
Table 116. Tenko Medical Systems: Operating Segments
Table 117. Tenko Medical Systems: Product Portfolio
Table 118. Tenko Medical Systems: Net Sales
Table 119. Tenko Medical Systems: Key Stratergies
LIST OF FIGURES
Figure 1. Pulse Oximeters Market Segmentation
Figure 2. Pulse Oximeters Market, 2021-2031
Figure 3. Pulse Oximeters Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Pulse Oximeters Market:Drivers, Restraints and Opportunities
Figure 12. Pulse Oximeters Market, by Type, 2021 (%)
Figure 13. Comparative Share Analysis of Bedside Pulse Oximeter Pulse Oximeters Market, 2021-2031 (%)
Figure 14. Comparative Share Analysis of Fingertip Pulse Oximeter Pulse Oximeters Market, 2021-2031 (%)
Figure 15. Comparative Share Analysis of Hand Held Pulse Oximeter Pulse Oximeters Market, 2021-2031 (%)
Figure 16. Comparative Share Analysis of Wrist Worn Pulse Oximeter Pulse Oximeters Market, 2021-2031 (%)
Figure 17. Comparative Share Analysis of Pediatric Pulse Oximeter Pulse Oximeters Market, 2021-2031 (%)
Figure 18. Pulse Oximeters Market, by End-user, 2021 (%)
Figure 19. Comparative Share Analysis of Hospitals and Clinics Pulse Oximeters Market, 2021-2031 (%)
Figure 20. Comparative Share Analysis of Ambulatory Surgical Centers Pulse Oximeters Market, 2021-2031 (%)
Figure 21. Comparative Share Analysis of Home Environment Pulse Oximeters Market, 2021-2031 (%)
Figure 22. Pulse Oximeters Market by Region, 2021
Figure 23. U.S. Pulse Oximeters Market, 2021-2031 ($Million)
Figure 24. Canada Pulse Oximeters Market, 2021-2031 ($Million)
Figure 25. Mexico Pulse Oximeters Market, 2021-2031 ($Million)
Figure 26. Germany Pulse Oximeters Market, 2021-2031 ($Million)
Figure 27. France Pulse Oximeters Market, 2021-2031 ($Million)
Figure 28. U.K. Pulse Oximeters Market, 2021-2031 ($Million)
Figure 29. Italy Pulse Oximeters Market, 2021-2031 ($Million)
Figure 30. Spain Pulse Oximeters Market, 2021-2031 ($Million)
Figure 31. Rest of Europe Pulse Oximeters Market, 2021-2031 ($Million)
Figure 32. Japan Pulse Oximeters Market, 2021-2031 ($Million)
Figure 33. China Pulse Oximeters Market, 2021-2031 ($Million)
Figure 34. Australia Pulse Oximeters Market, 2021-2031 ($Million)
Figure 35. India Pulse Oximeters Market, 2021-2031 ($Million)
Figure 36. South Korea Pulse Oximeters Market, 2021-2031 ($Million)
Figure 37. Rest of Asia-Pacific Pulse Oximeters Market, 2021-2031 ($Million)
Figure 38. Brazil Pulse Oximeters Market, 2021-2031 ($Million)
Figure 39. South Africa Pulse Oximeters Market, 2021-2031 ($Million)
Figure 40. Saudi Arabia Pulse Oximeters Market, 2021-2031 ($Million)
Figure 41. Rest of LAMEA Pulse Oximeters Market, 2021-2031 ($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Contec Medical Systems Co. Ltd.: Net Sales, ($Million)
Figure 49. Masimo Corporation.: Net Sales, ($Million)
Figure 50. Meditech Equipment Co. Ltd. Net Sales, ($Million)
Figure 51. Medtronic PLC. Net Sales, ($Million)
Figure 52. Nonin Medical Inc. Net Sales, ($Million)
Figure 53. Omron Corporation.: Net Sales, ($Million)
Figure 54. Koninklijke Philips N.V. Net Sales, ($Million)
Figure 55. Promed Technology Co.Ltd.: Net Sales, ($Million)
Figure 56. Smith Group PLC.: Net Sales, ($Million)
Figure 57. Tenko Medical Systems.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Pulse Oximeters Market,' the pulse oximeters market size was $2.1 billion in 2021, and is estimated to reach $3.9 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Pulse oximeters deal in the measurement of vital health parameters, such as respiratory rate, heart rate, and pulse rate. These are used to monitor a patient’s status prior to or during diagnosis of health condition. Pulse oximeters are used in a medical setting, home, or at the site of medical emergency.

Rise in cases of respiratory diseases such as chronic obstructive pulmonary diseases (COPD), asthma, pneumonia drive demand for pulse oximeter industry. Furthermore, pulse oximeters market trends such as technological advancement will be a key aspect driving pulse oximeters market growth in the upcoming years. Nonin Medical Inc. offers NoninConnect, a Bluetooth-enabled wireless finger pulse oximeter, which can be used by athletes, pilots, and quantified-self trackers for measuring arterial blood oxygen saturation and pulse rate. The device possesses advanced features such as pairing ability with Bluetooth-enabled mobile devices and use of nonincorrect check finger placement technology for alerting users about proper finger placement. Thus, the market is expected to witness dynamic growth with the advent of these technologically advanced products. However, lack of awareness in developing countries surrounding portable pulse oximeters hampers the growth of the pulse oximeters industry.

In addition, prevalence of cardiovascular diseases in China has been increasing continuously. As per the report published in the Journal of Geriatric Cardiology by Li-Yuan Ma, in China, in 2020, over 290 million individuals suffered from cardiovascular diseases and nearly 2 out of every 5 fatalities occurred as a result of cardiovascular disease(CVD). Therefore, rise in number of cardiovascular diseases results in increase in number of surgeries. This has led to increase in usage of pulse oximeters for diagnosis of cardiovascular disease that further boosts global pulse oximeters market share.

Moreover, development of pharmaceutical and medical device industries and improvement in healthcare spending are anticipated to drive the growth of the pulse oximeter market.

Depending on product, the market is bifurcated into bedside, fingertip, handheld, wrist-worn, and pediatric pulse oximeters.

The fingertip pulse oximeter segment market holds the highest share in overall pulse oximeter market,owing to rise in adoption of fingertip oximeter devices during the COVID-19 pandemic for continuous patient monitoring. Launch of new fingertip pulse oximeter by large number of key players are the major factor driving the market growth. However, the wrist worn segment is expected to witness considerable growth during the forecast period, owing to rise in demand for accurate readings, long-time durability and reduce the difficulties associated with overnight oximeter studies is expected drive the growth. By end user, the hospitals and clinics segment dominated the market, owing to rise in number of surgeries and emergency room visits. However, the home environment segment is expected to witness considerable growth during the forecast period, owing to increase in awareness regarding the importance of monitoring oxygen levels by self at home and spot checking. Moreover, self-monitoring helps patients actively participate in the management of their health.

Region wise, North America and Asia-Pacific are the most lucrative markets. The growth of these markets is mainly due to the rise in geriatric population and increase in incidence and prevalence of respiratory diseases.

In North America, pulse oximeter market in the U.S. has garnered a dominant share, due to the technological advancements, government regulations, rise in incidences of healthcare associated infections (HAI), and increase in awareness among the patients and the caregivers. In Asia-Pacific, China, and India collectively constitute large patient-bases of chronic obstructive pulmonary diseases, which boost the volume growth of the pulse oximeters market. In addition, increase in healthcare expenditure, improvement in healthcare infrastructure, and growth in medical tourism fuels the growth of the pulse oximeter market in this region. Key strategies deployed by major market players to gain pulse oximeter market share include product launches/approval.

Key findings of the Study

  • By type, the fingertip pulse oximeter segment was the highest contributor to the market in 2021.
By end user, the hospitals and clinics segment dominate the growth of the market.
  • North America accounted for a majority of the pulse oximeter market share in 2021, and is anticipated to remain dominant during the forecast period.

Companies Mentioned

  • Contec Medical Systems Co. Ltd
  • Masimo Corporation
  • Meditech Equipment Co. Ltd.
  • Medtronic Plc.
  • Nonin Medical Inc.
  • Omron Corporation
  • Koninklijke Philips N.V.
  • Promed Technology Co.Ltd
  • Smith Group Plc
  • Tenko Medical Systems

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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