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Global Pulse Oximeter Market Report and Forecast 2023-2031

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  • 140 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5798019
The global pulse oximeter size attained a value of USD 2.4 billion in 2022. The market is anticipated to grow at a healthy CAGR during the forecast period of 2023-2031 to attain a value of USD 4.2 billion by 2031.

Pulse Oximeter Market: Introduction

A pulse oximeter is a non-invasive medical device used to measure the oxygen saturation level (SpO2) in a person's blood, as well as their pulse rate. Oxygen saturation refers to the percentage of haemoglobin molecules in the blood that are carrying oxygen, and a normal SpO2 level ranges from 95% to 100% for healthy individuals.

Uses and benefits of a pulse oximeter include:

  • Monitoring oxygen levels: Pulse oximeters are commonly used to monitor the oxygen levels of patients with respiratory illnesses, such as chronic obstructive pulmonary disease (COPD), asthma, or pneumonia, to ensure adequate oxygenation
  • Assessing the effectiveness of interventions: Medical professionals use pulse oximeters to evaluate the effectiveness of treatments, such as oxygen therapy or mechanical ventilation, in improving a patient's oxygenation status
  • Detecting hypoxia: A pulse oximeter can help detect hypoxia (low oxygen levels) in patients, allowing for timely intervention and preventing potential complications, such as organ damage or failure
  • Monitoring during surgeries and procedures: Pulse oximeters are used during surgeries and procedures that involve sedation or anaesthesia to ensure the patient's oxygen levels remain stable throughout the procedure
  • Evaluating sleep apnea: Sleep specialists may use pulse oximeters to monitor a patient's oxygen levels during sleep, helping to identify and diagnose sleep apnea or other sleep-related breathing disorders
  • Assessing fitness and athletic performance: Athletes and fitness enthusiasts use pulse oximeters to monitor their oxygen levels and heart rate during exercise, ensuring they are maintaining adequate oxygenation and optimizing their performance
  • Altitude acclimatization: Pulse oximeters are useful for individuals traveling to high-altitude locations, as they can help monitor oxygen levels and assist in identifying altitude-related illnesses, such as acute mountain sickness or high-altitude pulmonary oedema
The benefits of using a pulse oximeter include its non-invasive nature, ease of use, rapid results, and the ability to provide continuous monitoring in various settings.

Pulse Oximeter Market Segmentations

The market can be categorised into type, product, technology, age group, end use, route of administration, treatment channel, distribution channel, end user, and major region.

Market Breakup by Type

  • Fingertip Pulse Oximeters
  • Handheld Pulse Oximeters
  • Tabletop Oximeters
  • Others

Market Breakup by Product

  • Sensors
  • Disposable Sensors
  • Reusable Sensors
  • Equipment

Market Breakup by Technology

  • Conventional
  • Connected

Market Breakup by Age Group

  • Adults
  • Paediatric
  • Infants
  • Neonatal

Market Breakup by End Use

  • Hospitals and Ambulatory Surgical Centres
  • Clinics
  • Home Healthcare
  • Others

Market by Route of Administration

  • Oral
  • Parenteral
  • Inhalations
  • Others

Market by Treatment Channel

  • Public
  • Private

Market by Distribution Channels

  • Hospitals Pharmacy
  • Online Pharmacy
  • Retail Pharmacy
  • Others

Market by End User

  • Hospitals
  • Clinics
  • Homecare Settings
  • Others

Pulse Oximeter Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Pulse Oximeter Market Scenario

The key drivers and developments in the pulse oximeter market can be attributed to several factors. The increasing prevalence of chronic respiratory diseases, such as COPD, asthma, and sleep apnea, has contributed to a growing demand for pulse oximeters. Advancements in technology have led to the development of smaller, more portable, and user-friendly devices, making it easier for individuals to monitor their oxygen levels at home or on-the-go. The COVID-19 pandemic has further highlighted the importance of pulse oximeters, as they have been used extensively to monitor patients with severe respiratory symptoms and help identify early signs of hypoxia. Additionally, there is a growing awareness of the importance of maintaining optimal oxygen levels in athletic performance and high-altitude activities, leading to an increased demand for pulse oximeters among these populations. Lastly, government initiatives and favourable reimbursement policies have played a role in supporting the adoption of pulse oximeters in various healthcare settings.

Key Players in the Global Pulse Oximeter Market

The report gives an in-depth analysis of the key players involved in the pulse oximeter market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • 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

Table of Contents

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 (2016-2022)
3.2 Global Pulse Oximeter Market Forecast Value (2023-2031)
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 Disposable Sensors 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 Infants 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
9.6 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
16.1.5 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

Companies Mentioned

  • 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.



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