Pulse Oximeter Systems Devices Market Research Report — Global Forecast till 2032

Pulse Oximeter Systems Devices Market Research Report Information By Product (Equipment, Sensors, Reusable sensors, and Disposable sensors), By Type (Portable pulse oximeters, Handheld pulse oximeter, Fingertip pulse oximeter, Wearable pulse oximeter, and Bedside/ Tabletop pulse oximeters), By Technology (Conventional Devices, and Connected Devices), By Age group (Adult, Pediatric, and Neonatal, and Infant/ children), By End User (Hospitals, Home Care settings, Prescription Home use, OTC Home use, and Ambulatory Care settings), And By Regio

ID: MRFR/HC/14540-HCR | 128 Pages | Author: Rahul Gotadki | March 2024         

Global Pulse Oximeter Systems Devices Market Overview


 Pulse Oximeter Systems Devices Market Size was valued at USD 1.4 Billion in 2022. The Pulse Oximeter Systems Devices market industry is projected to grow from USD 1.5 Billion in 2023 to USD 2.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2023 - 2032). Increased demand for less invasive surgeries, as well as an increase in the prevalence of respiratory and cardiovascular disorders is the key market drivers boosting the expansion of the market.


Pulse Oximeter Systems Devices Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Pulse Oximeter Systems Devices Market Trends




  • Raising awareness of health and wellbeing is driving the market growth




Market CAGR for pulse oximeter systems devices is being driven by the raising awareness of health and wellbeing. The level of oxygen in a patient's body is measured with pulse oximeters. The income from pulse oximeter device sales is included in the report. Pulse oximeters come in several forms, such as tabletop/bedside, fingertip, handheld, wrist-worn, and pediatric models. Hospitals and other healthcare facilities employ portable oximeters. In contrast to its conventional equivalents, it is more advanced. The clip is connected to the screen by a cable; the oxygen monitor or screen is not attached to the clip. In addition to the oxygenated blood level, the screen shows further diagnostic information. This instrument measures the reading using infrared light.


Additionally, people are becoming more conscious of the need of tracking their health and well-being. The market is expanding as a result of the growing usage of pulse oximeters for general health monitoring, altitude training, and fitness tracking. Pulse oximeters are in high demand in hospital settings because they provide continuous blood oxygen level monitoring throughout surgeries and other operations requiring anesthesia. The usability and market demand of pulse oximeter systems are improved by their integration with other medical devices and healthcare platforms, as well as by the addition of wireless connectivity and data analytics. The use of pulse oximeter systems is further fueled by government programs aimed at boosting patient care, expanding access to medical technologies, and strengthening the infrastructure of healthcare.


Pulse oximeter systems are in high demand because of the increasing frequency of cardiovascular and respiratory disorders, such as Chronic Obstructive Pulmonary Disease (COPD), which require constant monitoring of oxygen saturation levels. A number of health issues, including as respiratory infections and cardiovascular diseases, are more common among the elderly population. Pulse oximeter devices are in high demand because continuous monitoring of oxygen saturation levels becomes essential. Heart rate oximeter devices are becoming more and more popular because hospitals and other healthcare institutions value patient monitoring, especially in critical care environments like intensive care units (ICUs) and operating rooms.


For instance, the United States reported 3.1 million admissions at community hospitals nationwide, according to data from the American Hospital Association released in January 2022. Thus, result in driving the Pulse Oximeter Systems Devices market revenue.


Pulse Oximeter Systems Devices Market Segment Insights


Pulse Oximeter Systems Devices Product Insights


The  Pulse Oximeter Systems Devices market segmentation, based on Product includes Equipment, Sensors, Reusable sensors, and Disposable sensors. The equipment segment dominated the market. The growing use of blood pressure monitoring devices is the primary driver of this market.


Pulse Oximeter Systems Devices Type Insights                                     


The  Pulse Oximeter Systems Devices market segmentation, based on Type, includes Portable pulse oximeters, Handheld pulse oximeter, Fingertip pulse oximeter, Wearable pulse oximeter, and Bedside/ Tabletop pulse oximeters. The portable pulse oximeters category generated the most income. This is a result of the growing use and demand for portable oximeters.


Pulse Oximeter Systems Devices Technology Insights


The  Pulse Oximeter Systems Devices market segmentation, based on Technology includes Conventional Devices, and Connected Devices. The conventional devices segment dominated the market. The increased revenue share of the category is being driven by the need for ongoing patient monitoring in clinics and hospitals, as well as by the growing need for wired measurement devices in critical care settings in conjunction with other medical devices.


Figure1:  Pulse Oximeter Systems Devices Market, by Technology, 2022&2032(USD Billion)


Pulse Oximeter Systems Devices Market, by Technology, 2022&2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review   


Pulse Oximeter Systems Devices Age group Insights                            


The  Pulse Oximeter Systems Devices market segmentation, based on Age group, includes Adult, Pediatric, Neonatal, and Infant/ children. The adult category generated the most income. The increased frequency of chronic respiratory diseases including COPD and asthma in the adult population, as well as the rise in adult patient hospitalizations needing ongoing patient monitoring, are the reasons for the segment's larger market.


Pulse Oximeter Systems Devices End User Insights


The  Pulse Oximeter Systems Devices market segmentation, based on End User includes Hospitals, Home Care settings, Prescription Home use, OTC Home use, and Ambulatory Care settings. The hospitals segment dominated the market. The increasing frequency of hospitalizations necessitating continuous patient monitoring devices is blamed for the segment's exponential expansion. Additionally, it is estimated that the number of hospitals will rise along with the number of patients receiving care there for COPD and asthma, which will increase demand for these devices throughout the forecast timeframe.


Pulse Oximeter Systems Devices Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Pulse Oximeter Systems Devices market area will dominate this market. This can be attributed to various factors, including the existence of prominent printer/copier manufacturers, advantageous government policies, and an increase in the quantity of startups in this area.


Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.


Figure2:GLOBAL PULSE OXIMETER SYSTEMS DEVICES MARKET SHARE BY REGION 2022 (USD Billion)


GLOBAL PULSE OXIMETER SYSTEMS DEVICES MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Pulse Oximeter Systems Devices market has the second-largest portion of the market, due to increasing demand for cutting-edge products and the expanding need for non-invasive, portable, remote patient monitoring solution. Further, the German Pulse Oximeter Systems Devices market had the biggest market share, and the UK Pulse Oximeter Systems Devices market was the European market with the quickest rate of growth.


The Asia-Pacific Pulse Oximeter Systems Devices Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is due to the region's advanced healthcare infrastructure and rising incidence of respiratory disorders. Moreover, China’s Pulse Oximeter Systems Devices market had the biggest market share, and the Indian Pulse Oximeter Systems Devices market was the Asia-Pacific region's fastest-growing market.


Pulse Oximeter Systems Devices Key Market Players& Competitive Insights


Leading market players are putting a lot of money on R&D to expand the range of their goods, which will boost the demand for pulse oximeter equipment. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Pulse Oximeter Systems Devices industry must provide reasonably priced goods.


Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the  Pulse Oximeter Systems Devices industry to help customers and expand the market segment. In recent years, the Pulse Oximeter Systems Devices industry has provided some of the biggest benefits to medicine. Major players in the Pulse Oximeter Systems Devices market, including Medtronic plc (Ireland), Masimo Corporation (US), Koninklijke Philips N.V. (Netherlands), Nonin Medical Inc. (US), Nihon Kohden Corporation (Japan), GE Healthcare (US)., and others, are engaging in research and development activities in an effort to boost market demand.


Medtronic plc is a US-based manufacturer of medical devices. Due to its 2015 acquisition of the Irish-based Covidien, the firm now has its legal, executive, and operational headquarters in Ireland and its operating headquarters in Minneapolis, Minnesota. It employs approximately 90,000 people and conducts business in more than 150 countries, with the United States being its primary market. It creates and produces medical devices and treatments. In April 2022, The business declared that it would collaborate with GE Healthcare to meet the need for care at ambulatory surgery centers.


Masimo Corporation is a consumer electronics and health technology company. The company's main products include patient monitoring equipment and technologies, such as telehealth platforms, patient management, and non-invasive optical sensors. By acquiring Sound United in 2022, the firm entered the home audio market and started producing wearables with a health focus. With rainbow acoustic monitoring, an adhesive sensor with an integrated acoustic transducer is put to the patient's neck to offer non-invasive, continuous assessment of respiration rate. In 2022, The W1, a smartwatch featuring capabilities for continuous health monitoring and integration with other Masimo product lines, was released by Masimo. It was made available to telehealth providers worldwide as well as in the United States through a restricted public launch.


Key Companies in the Pulse Oximeter Systems Devices market include



  • Medtronic plc (Ireland)

  • Masimo Corporation (US)

  • Koninklijke Philips N.V. (Netherlands)

  • Nonin Medical Inc. (US)

  • Nihon Kohden Corporation (Japan)

  • GE Healthcare (US)

  • CONTEC MEDICAL SYSTEMS CO., LTD. (China)

  • ICU Medical, Inc. (US)

  • Drägerwerk AG & Co. KGaA (Germany)

  • OSI Systems, Inc. (Spacelabs Healthcare) (US)


Pulse Oximeter Systems Devices Industry Developments


November 2022:BioIntelliSense, Inc. has introduced a pulse oximetry sensor chipset that accurately measures blood oxygen levels in people with light and dark skin tones.


February 2021:CONTEC MEDICAL SYSTEMS CO., LTD. declared that it will be growing its production base in China in an attempt to boost the employment rate in the region and enhance industrial optimization. In the end, this action would support market expansion.


June 2021:DetelPro launched Oxy10 pulse oximeter, this little device, which is tiny enough to fit on a fingertip, shows the oxygen saturation and pulse rate simultaneously.


Pulse Oximeter Systems Devices Market Segmentation


Pulse Oximeter Systems Devices Deployment Mode Outlook



  • On-Premises

  • Cloud-Based

  • Hybrid


Pulse Oximeter Systems Devices Channel Type Outlook



  • Printer/Copier Manufacturers

  • System Integrators/Resellers

  • Independent software vendors


Pulse Oximeter Systems Devices Industry Vertical Outlook



  • Banking

  • Financial Services

  • Insurance (BFSI)


Pulse Oximeter Systems Devices Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size2022 USD 1.4 Billion
Market Size 2023 USD 1.5 Billion
Market Size2032 USD 2.5 Billion
Compound Annual Growth Rate (CAGR) 6.80% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Deployment Mode, Channel Type, Industry Vertical, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil
Key Companies Profiled  Medtronic plc (Ireland), Masimo Corporation (US), Koninklijke Philips N.V. (Netherlands), Nonin Medical Inc. (US), Nihon Kohden Corporation (Japan), GE Healthcare (US),.
Key Market Opportunities Rising Rates of Cardiovascular and Respiratory Conditions
Key Market Dynamics The elderly population is more vulnerable to a number of diseases, such as respiratory ailments and cardiovascular diseases.




Frequently Asked Questions (FAQ) :

In 2022, the market for pulse oximeter systems devices was estimated to be worth USD 1.4 billion ly.

From 2023 to 2032, the market is expected to expand at a compound annual growth rate (CAGR) of 6.80%.

Medtronic plc (Ireland), Masimo Corporation (US), Koninklijke Philips N.V. (Netherlands), Nonin Medical Inc. (US), Nihon Kohden Corporation (Japan), GE Healthcare (US),. are the major participants in the market.

In 2022, the market was dominated by the hybrid category.

The manufacturers of printers and copiers have the most market share worldwide.

Key Questions Answered

  • Global Market Outlook
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