Pulse Oximeter Systems Devices Market is predicted to reach USD 2.5 billion at a CAGR of 6.80% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Pulse Oximeter Systems Devices Market”.

The pulse oximeter systems devices market is estimated to register a CAGR of 6.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global pulse oximeter systems devices market— Medtronic plc Masimo Corporation, Koninklijke Philips N.V. , Nonin Medical Inc. , Nihon Kohdeg Corporation , GE Healthcare , CONTEC MEDICAL SYSTEMS CO., LTD., ICU Medical, Inc, Dragerwerk AG & Co. KGaA , OSI Systems, Inc.(Spacelabs Healthcare.

Market Highlights

The global pulse oximeter systems devices market is accounted to register a CAGR of 6.80% during the forecast period and is estimated to reach USD 2.5 billion by 2032.

Asthma, pneumonia, and chronic obstructive pulmonary disease are some of the most common respiratory illnesses in the globe. The airways of the lungs get clogged in COPD, asthma, and pneumonia. This makes it harder for air to enter and exit the lungs and eventually lowers blood oxygen levels. "OTC" medical items are those that have been authorized by the appropriate medical authorities to be sold directly to consumers without a prescription.

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Segment Analysis

The global pulse oximeter systems devices market has been segmented based on product, type, technology, age group and end user.

On the basis of product, the market is segmented into Equipment and Sensors. The equipment segment was attributed to holding the largest market share in 2022. Because more people are using blood oxygen monitoring devices.

Based on type, the global pulse oximeter systems devices market has been segmented into Portable pulse oximeters and Bedside Tabletop pulse oximeters. The portable pulse oximeters segment was expected to hold the largest market share in 2022. Because portable ox meter devices are becoming more and more popular.

On the basis of technology, the market is segmented into Conventional Devices and Connected Device. The conventional devices segment was attributed to holding the largest market share in 2022.Because of the rising use of wire measuring devices and the need for hospitals to provide continuous patient monitoring.

On the basis of age group, the market is segmented into Adult and Pediatric. The adult segment was attributed to holding the largest market share in 2022. Because chronic respiratory conditions like COPD and asthma are becoming more common in adults.

On the basis of end user, the market is segmented into Hospitals, Home Care settings and Ambulatory Care settings. The hospitals segment was attributed to holding the largest market share in 2022.Because there is a growing need for continuous monitoring of patients due to hospital admissions.

Regional Analysis

The global pulse oximeter systems devices market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe pulse oximeter systems devices market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The pulse oximeter systems devices market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World pulse oximeter systems devices market comprises of Middle East, Africa, and Latin America.

The largest market share for pulse oximeter systems devices was maintained by the North American regional sector. Due to the presence of major market participants in the region and their increasing investments in the development of technologically advanced oximeters, North America held the largest share of the global pulse oximeter market. Furthermore, the market in the region is expected to be driven by the quick adoption of wireless pulse oximeters and the growing use of oximeters in home healthcare.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for pulse oximeter systems devices is driven by greatly increased the demand for homecare and hospital settings' acceptance of remote monitoring technologies. The measurement of blood oxygen levels as a component of preventative healthcare became better known.

Additionally, over the course of the projection period, Asia Pacific is anticipated to grow at a profitable pace. The drivers propelling regional growth include the high frequency of target diseases, advancements in healthcare infrastructure, and growing public awareness of effective patient monitoring equipment. Furthermore, the region's growth is being aided by the growing demand for cutting-edge technologies as well as the expanding need for non-invasive, remote, and portable patient monitoring solutions.

Furthermore, the rest of the world's pulse oximeter systems devices market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of investments in the development of technologically advanced oximeters. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global pulse oximeter systems devices market is expected to reach USD 2.5 billion by 2032, at a CAGR of 6.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing include the high frequency of target diseases, advancements in growing public awareness of effective patient monitoring equipment.


• Based on type, the portable pulse oximeters segment was expected to hold the largest market share in 2022.


• Medtronic plc Masimo Corporation, Koninklijke Philips N.V. , Nonin Medical Inc. , Nihon Kohdeg Corporation , GE Healthcare , CONTEC MEDICAL SYSTEMS CO., LTD., ICU Medical, Inc, Dragerwerk AG & Co. KGaA , OSI Systems, Inc.(Spacelabs Healthcare.