Pulse Oximeter Market Size By Product Type (Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, Wrist-worn Pulse Oximeters, Table top/Bedside Pulse Oximeters), By Technology (Conventional, Connected), By Age Group (Adult, Pediatric), End-use & Forecast,

Pulse Oximeter Market Size By Product Type (Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, Wrist-worn Pulse Oximeters, Table top/Bedside Pulse Oximeters), By Technology (Conventional, Connected), By Age Group (Adult, Pediatric), End-use & Forecast, 2022 - 2030

Pulse Oximeter Market size is predicted to observe more than 6.5% CAGR from 2023 to 2032, driven by the rising awareness about respiratory health monitoring. The device measures oxygen saturation levels in the blood. The ease of use and non-invasive nature makes them accessible for both healthcare professionals and individuals for remote monitoring.

Additionally, the prevalence of chronic respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, has significantly contributed to the wider product adoption. For instance, The Global Asthma Report 2022, prepared by Global Asthma Network, revealed that approximately 35 million people suffered from asthma in India. These conditions need continuous monitoring of oxygen levels, and pulse oximeters provide a convenient and immediate way to assess respiratory status.

The global pulse oximeter industry is classified on the basis of product type, technology, age group, end-use, and region.

The conventional technology segment is anticipated to witness substantial growth through 2032, favored by its reliability and widespread acceptance in various healthcare settings. While newer technologies continue to emerge, the conventional pulse oximeter, using established principles of light absorption, remains a trusted and cost-effective method for measuring oxygen saturation levels in the blood. Its simplicity and accuracy make it a preferred choice, especially in remote areas where sophisticated alternatives are less accessible.

Homecare segment is estimated to generate high revenues for the market by 2032, attributed to the device’s ability to monitor individuals’ health conveniently and proactively. Pulse oximeters have become essential devices for at-home use, particularly for those managing chronic respiratory conditions or monitoring overall wellness. The user-friendly nature of pulse oximeters, coupled with advancements in portable and user-centric designs will bolster its adoption in homecare settings.

Europe pulse oximeter industry share will grow significantly between 2023 and 2032, favored by aging population who are more prone to respiratory conditions. Well-established healthcare infrastructure, coupled with a proactive approach to preventive care, fosters a conducive environment for the adoption of these devices. Moreover, stringent regulatory standards and the emphasis on patient-centric healthcare practices contribute to the regional market growth.