Global Pulse Oximeters Market

Pulse Oximeters Market Size, Share, Growth Analysis, By Component (Monitor, Sensors), By Type (Portable Pulse, Fingertip Pulse), By Age Group (Paediatric, Adult), By End User (Hospital, Home Care), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2211 | Region: Global | Published Date: February, 2024
Pages: 231 | Tables: 113 | Figures: 77

Pulse Oximeters Market News

  • In May 2022, Medtronic launched Nellcor Oxysoft spO2 sensor. The device is the first pulse oximetry sensor to employ a silicon adhesive created to safeguard delicate skin and enhance signal acquisition and repositionability. With the aid of this new sensor, clinicians can make quick decisions for their critically ill patients.
  • In March 2022, The introduction of iPulseOx was announced by Smart Meter, a manufacturer and supplier of patient monitoring devices. It is the first pulse oximeter with cellular connectivity to offer remote patient monitoring services for long-term conditions like COPD and heart diseases.
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Global Pulse Oximeters Market size was valued at USD 2.8 billion in 2022 and is poised to grow from USD 3 billion in 2023 to USD 5.27 billion by 2031, growing at a CAGR of 7.32% during the forecast period (2024-2031).

The global pulse oximeters market is fragmented due to presence of various global and regional manufacturers. Key players are adopted various strategies such as partnerships, new product launch & commercialization, vertical integration for business expansion. Further, these players are increased their investment in R&D to innovate new products which help them to strengthen their position in the global market. 'GE Healthcare (USA) ', 'Smiths Medical (USA) ', 'Masimo Corporation (USA) ', 'Medtronic plc (Ireland) ', 'Koninklijke Philips N.V. (Netherlands) ', 'Nonin Medical Inc. (USA) ', 'Nihon Kohden Corporation (Japan) ', 'Welch Allyn Inc. (USA) ', 'Mindray Medical International Limited (China) ', 'Spacelabs Healthcare Inc. (USA) ', 'Becton, Dickinson and Company (USA) ', 'CAS Medical Systems, Inc. (USA) ', 'Criticare Systems, Inc. (USA) ', 'Edwards Lifesciences Corporation (USA) ', 'Opto Circuits Limited (India) ', 'Zensorium Pte Ltd. (Singapore) ', 'Contec Medical Systems Co. Ltd. (China) ', 'ChoiceMMed America Co. Ltd. (China) ', 'DeVilbiss Healthcare LLC (USA) ', 'Beurer GmbH (Germany)'

The increasing prevalence of respiratory diseases is anticipated to grow the market during the forecast period. Additionally, the demand for patient monitoring devices during treatment and diagnosis in hospitals and homecare facilities is growing due to the rising COVID-19 cases worldwide. The equipment used for patient monitoring, such as pulse oximeters, is used to measure spO2 and the amount of oxygen in the blood.

Technological advancements in pulse oximeters such as transfer of data, extensive memory, alarm system, and Bluetooth connectivity are the upcoming trends in the pulse oximeters market. For example, EMAY Bluetooth Pulse Oximeter is a blood oxygen saturation and pulse rate monitor with Bluetooth capability. The EMAY app provided allows you to view and record the data wirelessly via Bluetooth, review your spO2 at any point in time, and generate professional reports to share easily.

North America is expected to dominate the global market during the forecast period. The growth of this region is attributed to increasing adoption of wireless pulse oximeters, rising uses of oximeters in home healthcare, well-established infrastructure, growing prevalence of chronic diseases and heart patients, increasing healthcare expenditure. In addition, the surge in hospital admissions & ASCs and the presence of strong players in this region is also contributes significantly to the market growth.

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Global Pulse Oximeters Market

Report ID: SQMIG35A2211

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