Pulse Oximeters Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Pulse Oximeters Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors Of Pulse Oximeter Market

The pulse oximeter market size was valued at USD 2.24 billion in 2023, and the market is now projected to grow from USD 2.34 billion in 2024 to USD 3.45 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period of 2024-2032.

The demand for pulse oximeters surged at some point of the COVID-19 pandemic in 2020, widely utilized in hospitals and home care to display COVID-19 sufferers blood oxygen degrees. However, after the pandemic in 2022 and 2023, the marketplace noticed a decline in price due to decreased demand for those gadgets.

Governments in diverse nations have mandated non-stop monitoring of oxygen saturation degrees for patients with persistent respiration disorders. Guidelines and tips on pulse oximeters had been implemented in both advanced and developing nations. Additionally, the increasing use of oximeters for anesthesia tracking all through surgical procedures in advanced international locations has similarly fueled marketplace boom.

The COVID-19 pandemic raised enormous recognition about pulse oximeters, leading to accelerated demand. Beyond COVID-19, those devices are critical for monitoring blood oxygen stages in sufferers with acute respiratory issues, congestive coronary heart failure, and other illnesses. The growing incidence of those situations keeps to power market increase for pulse oximeters.

Comprehensive Analysis Of Pulse Oximeter Market

The pulse oximeter market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by product type analysis, by technology analysis, by age group analysis and by end-user analysis. By product type analysis include, fingertip oximeters, handheld oximeters, tabletop oximeters, and others. By technology analysis include, conventional and smart. By age group analysis include adults and pediatrics. By end-user analysis include, hospitals and ambulatory surgical centers, clinics, home healthcare, and others.

The North America region lead the pulse oximeter market share by benefitting a market size of USD 0.91 billion in 2023 due to the speedy adoption of Wi-Fi Pulse Oximeter and the growing product utilization in domestic healthcare is predicted to make contributions to the marketplace boom inside the area.

The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, GE Healthcare (U.S.), Masimo (U.S.), Vyaire (U.S.), Nonin (U.S.), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), Smiths Medical (ICU Medical Inc.) (U.S.), Beurer (Germany), and Nihon Kohden Corporation (Japan). These market players provide a level-playing competitive landscape.

In February 2024, Masimo acquired the Food and Drug Administration (FDA) acclaim for its pulse oximeter, MightySat Fingertip.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.9% from 2024-2032

Unit Value (USD Billion)

Segmentation By Product Type

Fingertip Oximeters

Handheld Oximeters

Tabletop Oximeters

Others

By Technology

Conventional

Smart

By Age Group

Adults

Pediatrics

By End-user

Hospitals and Ambulatory Surgical Centers

Clinics

Home Healthcare

Others

By Geography

North America (By Product Type, By Technology, By Age Group, By End-User, By Country)

U.S. (By Technology)

Canada (By Technology)

Europe (By Product Type, By Technology, By Age Group, By End-User, By Country)

U.K. (By Technology)

Germany (By Technology)

France (By Technology)

Italy (By Technology)

Scandinavia (By Technology)

Rest of Europe (By Technology)

Asia Pacific (By Product Type, By Technology, By Age Group, By End-User, By Country)

Japan (By Technology)

China (By Technology)

India (By Technology)

Australia (By Technology)

Southeast Asia (By Technology)

Rest of Asia Pacific (By Technology)

Latin America (By Product Type, By Technology, By Age Group, By End-User, By Country)

Brazil (By Technology)

Mexico (By Technology)

Rest of Latin America (By Technology)

Middle East & Africa (By Product Type, By Technology, By Age Group, By End-User, By Country)

GCC (By Technology)

South Africa (By Technology)

Rest of Middle East & Africa (By Technology)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Prevalence of Major Pulmonary Diseases, 2022/2023
4.2. Technological Advancements in the Pulse Oximeter
4.3. New Product Launches
4.4. Key Industry Developments (Mergers, Acquisitions, Partnerships, etc.)
4.5. Impact of COVID-19 on the Market
5. Global Pulse Oximeter Market Analysis, Insights and Forecast, 2019-2032
5.1. Market Analysis, Insights and Forecast – By Product Type
5.1.1. Fingertip Oximeters
5.1.2. Handheld Oximeters
5.1.3. Tabletop Oximeters
5.1.4. Others
5.2. Market Analysis, Insights and Forecast – By Technology
5.2.1. Conventional
5.2.2. Smart
5.3. Market Analysis, Insights and Forecast – By Age Group
5.3.1. Adults
5.3.2. Pediatrics
5.4. Market Analysis, Insights and Forecast – By End-user
5.4.1. Hospitals and Ambulatory Surgical Centers
5.4.2. Clinics
5.4.3. Home Healthcare
5.4.4. Others
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Pulse Oximeter Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast – By Product Type
6.1.1. Fingertip Oximeters
6.1.2. Handheld Oximeters
6.1.3. Tabletop Oximeters
6.1.4. Others
6.2. Market Analysis, Insights and Forecast – By Technology
6.2.1. Conventional
6.2.2. Smart
6.3. Market Analysis, Insights and Forecast – By Age Group
6.3.1. Adults
6.3.2. Pediatrics
6.4. Market Analysis, Insights and Forecast – By End-user
6.4.1. Hospitals and Ambulatory Surgical Centers
6.4.2. Clinics
6.4.3. Home Healthcare
6.4.4. Others
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.1.1. By Technology
6.5.2. Canada
6.5.2.1. By Technology
7. Europe Pulse Oximeter Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast – By Product Type
7.1.1. Fingertip Oximeters
7.1.2. Handheld Oximeters
7.1.3. Tabletop Oximeters
7.1.4. Others
7.2. Market Analysis, Insights and Forecast – By Technology
7.2.1. Conventional
7.2.2. Smart
7.3. Market Analysis, Insights and Forecast – By Age Group
7.3.1. Adults
7.3.2. Pediatrics
7.4. Market Analysis, Insights and Forecast – By End-user
7.4.1. Hospitals and Ambulatory Surgical Centers
7.4.2. Clinics
7.4.3. Home Healthcare
7.4.4. Others
7.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
7.5.1. Germany
7.5.1.1. By Technology
7.5.2. France
7.5.2.1. By Technology
7.5.3. Spain
7.5.3.1. By Technology
7.5.4. U.K.
7.5.4.1. By Technology
7.5.5. Italy
7.5.5.1. By Technology
7.5.6. Scandinavia
7.5.6.1. By Technology
7.5.7. Rest of Europe
7.5.7.1. By Technology
8. Asia Pacific Pulse Oximeter Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast – By Product Type
8.1.1. Fingertip Oximeters
8.1.2. Handheld Oximeters
8.1.3. Tabletop Oximeters
8.1.4. Others
8.2. Market Analysis, Insights and Forecast – By Technology
8.2.1. Conventional
8.2.2. Smart
8.3. Market Analysis, Insights and Forecast – By Age Group
8.3.1. Adults
8.3.2. Pediatrics
8.4. Market Analysis, Insights and Forecast – By End-user
8.4.1. Hospitals and Ambulatory Surgical Centers
8.4.2. Clinics
8.4.3. Home Healthcare
8.4.4. Others
8.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
8.5.1. China
8.5.1.1. By Technology
8.5.2. Japan
8.5.2.1. By Technology
8.5.3. India
8.5.3.1. By Technology
8.5.4. Australia
8.5.4.1. By Technology
8.5.5. Southeast Asia
8.5.5.1. By Technology
8.5.6. Rest of Asia Pacific
8.5.6.1. By Technology
9. Latin America Pulse Oximeter Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis, Insights and Forecast – By Product Type
9.1.1. Fingertip Oximeters
9.1.2. Handheld Oximeters
9.1.3. Tabletop Oximeters
9.1.4. Others
9.2. Market Analysis, Insights and Forecast – By Technology
9.2.1. Conventional
9.2.2. Smart
9.3. Market Analysis, Insights and Forecast – By Age Group
9.3.1. Adults
9.3.2. Pediatrics
9.4. Market Analysis, Insights and Forecast – By End-user
9.4.1. Hospitals and Ambulatory Surgical Centers
9.4.2. Clinics
9.4.3. Home Healthcare
9.4.4. Others
9.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
9.5.1. Brazil
9.5.1.1. By Technology
9.5.2. Mexico
9.5.2.1. By Technology
9.5.3. Rest of Latin America
9.5.3.1. By Technology
10. Middle East & Africa Pulse Oximeter Market Analysis, Insights and Forecast, 2019-2032
10.1. Market Analysis, Insights and Forecast – By Product Type
10.1.1. Fingertip Oximeters
10.1.2. Handheld Oximeters
10.1.3. Tabletop Oximeters
10.1.4. Others
10.2. Market Analysis, Insights and Forecast – By Technology
10.2.1. Conventional
10.2.2. Smart
10.3. Market Analysis, Insights and Forecast – By Age Group
10.3.1. Adults
10.3.2. Pediatrics
10.4. Market Analysis, Insights and Forecast – By End-user
10.4.1. Hospitals and Ambulatory Surgical Centers
10.4.2. Clinics
10.4.3. Home Healthcare
10.4.4. Others
10.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
10.5.1. South Africa
10.5.1.1. By Technology
10.5.2. GCC
10.5.2.1. By Technology
10.5.3. Rest of Middle East & Africa
10.5.3.1. By Technology
11. Competitive Analysis
11.1. Global Market Share Analysis (2023)
11.2. Company Profiles
11.2.1. GE HealthCare
11.2.1.1. Overview
11.2.1.2. Products & Services
11.2.1.3. SWOT Analysis
11.2.1.4. Recent Developments
11.2.1.5. Strategies
11.2.1.6. Financials (Based on Availability)
11.2.2. Masimo
11.2.2.1. Overview
11.2.2.2. Products & Services
11.2.2.3. SWOT Analysis
11.2.2.4. Recent Developments
11.2.2.5. Strategies
11.2.2.6. Financials (Based on Availability)
11.2.3. VYAIRE
11.2.3.1. Overview
11.2.3.2. Products & Services
11.2.3.3. SWOT Analysis
11.2.3.4. Recent Developments
11.2.3.5. Strategies
11.2.3.6. Financials (Based on Availability)
11.2.4. Nonin
11.2.4.1. Overview
11.2.4.2. Products & Services
11.2.4.3. SWOT Analysis
11.2.4.4. Recent Developments
11.2.4.5. Strategies
11.2.4.6. Financials (Based on Availability)
11.2.5. Medtronic
11.2.5.1. Overview
11.2.5.2. Products & Services
11.2.5.3. SWOT Analysis
11.2.5.4. Recent Developments
11.2.5.5. Strategies
11.2.5.6. Financials (Based on Availability)
11.2.6. Koninklijke Philips N.V.
11.2.6.1. Overview
11.2.6.2. Products & Services
11.2.6.3. SWOT Analysis
11.2.6.4. Recent Developments
11.2.6.5. Strategies
11.2.6.6. Financials (Based on Availability)
11.2.7. Smiths Medical (ICU Medical Inc.)
11.2.7.1. Overview
11.2.7.2. Products & Services
11.2.7.3. SWOT Analysis
11.2.7.4. Recent Developments
11.2.7.5. Strategies
11.2.7.6. Financials (Based on Availability)
11.2.8. Beurer GmbH
11.2.8.1. Overview
11.2.8.2. Products & Services
11.2.8.3. SWOT Analysis
11.2.8.4. Recent Developments
11.2.8.5. Strategies
11.2.8.6. Financials (Based on Availability)
11.2.9. NIHON KOHDEN
11.2.9.1. Overview
11.2.9.2. Products & Services
11.2.9.3. SWOT Analysis
11.2.9.4. Recent Developments
11.2.9.5. Strategies
11.2.9.6. Financials (Based on Availability)

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