The global pulse oximetry monitoring market was valued at $2.5 billion in 2024 and is projected to grow at a CAGR of 2.0%, reaching nearly $2.9 billion by 2031.
Pulse oximetry monitoring systems are widely used in hospitals, emergency care, and home healthcare to measure blood oxygen saturation and pulse rate. The market is driven by the rising adoption of non-invasive monitoring solutions and expanding healthcare infrastructure in developing regions.
The market is segmented into:
Surface-Pad Market
Machine
Accessories
Intravascular Market
Machine
Accessories
Market Insights
Unit Sales & Average Selling Prices
Market Size & Growth Trends
Market Drivers & Limiters
Market Forecasts Until 2031
Historical Data (2021-2023)
Competitive Analysis
Recent Mergers & Acquisitions
Company Profiles & Product Portfolios
Market Trends
Rising demand for low-acuity monitoring in hospitals
Increased usage of finger pulse oximeters in primary care and ambulatory settings
Development of multi-parameter pulse oximeters with advanced capabilities
Growing adoption of wireless and portable pulse oximeters
Market Share Insights
Top Competitors in the Global Pulse Oximetry Monitoring Market (2024):
1 Medtronic
Market leader globally and in North America and Western Europe. Medtronic's strong brand recognition and large-scale operations allow it to dominate the pulse oximetry market with products like the Nellcor™ pulse oximetry systems.
2 Masimo
Second-leading competitor, offering advanced solutions such as Rainbow® Pulse CO-Oximetry™ and Rainbow® Acoustic Monitoring™. Masimo's non-invasive technologies measure additional blood constituents, including hemoglobin and respiration rate, setting the company apart from its competitors.
3 Nonin Medical
Third-leading competitor, with a strong market share in North America and Western Europe. Nonin's product offerings include portable and fingertip pulse oximeters, catering to both clinical and home-use markets.
Global Research Scope
Regions Covered:
North America: Canada, United States
Latin America: Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela
Western Europe: Austria, France, Germany, Italy, Spain, United Kingdom
Central & Eastern Europe: Poland, Russia, Turkey, Ukraine
Middle East: Israel, Saudi Arabia, United Arab Emirates
Asia Pacific: Australia, China, India, Japan, South Korea, Vietnam
Africa: Egypt, Ghana, Nigeria, South Africa
Base Year: 2024
Forecast Period: 2025-2031
Historical Data: 2021-2023
Quantitative Coverage
Market Size
Market Shares
Market Forecasts
Market Growth Rates
Units Sold
Average Selling Prices
Qualitative Coverage
COVID-19 Impact
Market Growth Trends
Market Limiters
Competitive Analysis & SWOT for Top Competitors
Mergers & Acquisitions
Company Profiles
Product Portfolios
FDA Recalls
Disruptive Technologies
Disease Overviews
Data Sources
Primary Interviews with Industry Leaders
Government Physician Data
Regulatory Data
Hospital Private Data
Import & Export Data
iData Research Internal Database
- 10.1 Executive Summary
- 10.1.1 Global Pulse Oximetry Monitoring Market Overview
- 10.1.2 Competitive Analysis
- 10.1.3 Market Segmentation
- 10.1.4 Regions Included
- 10.2 Introduction
- 10.2.1 Types of Oxygen Saturation Monitoring
- 10.2.2 Limitations of Pulse Oximetry
- 10.2.3 Emerging Technology: Laser Pulse Oximetry
- 10.3 Market Overview
- 10.3.1 By Segment
- 10.3.2 By Region
- 10.4 Market Analysis and Forecast
- 10.4.1 Pulse Oximetry Monitor Market
- 10.4.1.1 Bedside Monitor Market
- 10.4.1.2 Handheld Monitor Market
- 10.4.1.3 Fingertip Monitor Market
- 10.4.2 Pulse Oximetry Sensor Market
- 10.4.2.1 Disposable Pulse Oximetry Sensor Market
- 10.4.2.2 Reusable Pulse Oximetry Sensor Market
- 10.4.3 OEM Circuit Board Market
- 10.5 Drivers and Limiters
- 10.5.1 Market Drivers
- 10.5.2 Market Limiters
- 10.6 Competitive Market Share Analysis
- Chart 10-1: Pulse Oximetry Monitoring Market, Global, 2024 & 2031
- Chart 10-2: Pulse Oximetry Monitoring Units Sold, Global, 2024
- Chart 10-3: Pulse Oximetry Monitoring Market by Segment, Global, 2021 – 2031
- Chart 10-4: Pulse Oximetry Monitoring Market by Region, Global, 2021 – 2031
- Chart 10-5: Leading Competitors, Pulse Oximetry Monitoring Market, Global, 2024
- Figure 10-1: Pulse Oximetry Monitoring Market Segmentation
- Figure 10-2: Pulse Oximetry Monitoring Regions Covered, Global (1 of 2)
- Figure 10-3: Pulse Oximetry Monitoring Regions Covered, Global (2 of 2)
- Figure 10-4: Pulse Oximetry Monitoring Market by Segment, Global, 2021 – 2031 (US$M)
- Figure 10-5: Pulse Oximetry Monitoring Market by Region, Global, 2021 – 2031 (US$M)
- Figure 10-6: Pulse Oximetry Monitor Market by Segment, Global, 2021 – 2031 (US$M)
- Figure 10-7: Total Pulse Oximetry Monitor Market, Global, 2021 – 2031
- Figure 10-8: Units Sold by Region, Pulse Oximetry Monitor Market, Global, 2021 – 2031
- Figure 10-9: Average Selling Price by Region, Pulse Oximetry Monitor Market, Global, 2021 – 2031 (US$)
- Figure 10-10: Market Value by Region, Pulse Oximetry Monitor Market, Global, 2021 – 2031 (US$M)
- Figure 10-11: Bedside Monitor Market, Global, 2021 – 2031
- Figure 10-12: Units Sold by Region, Bedside Monitor Market, Global, 2021 – 2031
- Figure 10-13: Average Selling Price by Region, Bedside Monitor Market, Global, 2021 – 2031 (US$)
- Figure 10-14: Market Value by Region, Bedside Monitor Market, Global, 2021 – 2031 (US$M)
- Figure 10-15: Handheld Monitor Market, Global, 2021 – 2031
- Figure 10-16: Units Sold by Region, Handheld Monitor Market, Global, 2021 – 2031
- Figure 10-17: Average Selling Price by Region, Handheld Monitor Market, Global, 2021 – 2031 (US$)
- Figure 10-18: Market Value by Region, Handheld Monitor Market, Global, 2021 – 2031 (US$M)
- Figure 10-19: Fingertip Monitor Market, Global, 2021 – 2031
- Figure 10-20: Units Sold by Region, Fingertip Monitor Market, Global, 2021 – 2031
- Figure 10-21: Average Selling Price by Region, Fingertip Monitor Market, Global, 2021 – 2031 (US$)
- Figure 10-22: Market Value by Region, Fingertip Monitor Market, Global, 2021 – 2031 (US$M)
- Figure 10-23: Pulse Oximetry Sensor Market by Segment, Global, 2021 – 2031 (US$M)
- Figure 10-24: Total Pulse Oximetry Sensor Market, Global, 2021 – 2031
- Figure 10-25: Units Sold by Region, Pulse Oximetry Sensor Market, Global, 2021 – 2031
- Figure 10-26: Average Selling Price by Region, Pulse Oximetry Sensor Market, Global, 2021 – 2031 (US$)
- Figure 10-27: Market Value by Region, Pulse Oximetry Sensor Market, Global, 2021 – 2031 (US$M)
- Figure 10-28: Disposable Pulse Oximetry Sensor Market, Global, 2021 – 2031
- Figure 10-29: Units Sold by Region, Disposable Pulse Oximetry Sensor Market, Global, 2021 – 2031
- Figure 10-30: Average Selling Price by Region, Disposable Pulse Oximetry Sensor Market, Global, 2021 – 2031 (US$)
- Figure 10-31: Market Value by Region, Disposable Pulse Oximetry Sensor Market, Global, 2021 – 2031 (US$M)
- Figure 10-32: Reusable Pulse Oximetry Sensor Market, Global, 2021 – 2031
- Figure 10-33: Units Sold by Region, Reusable Pulse Oximetry Sensor Market, Global, 2021 – 2031
- Figure 10-34: Average Selling Price by Region, Reusable Pulse Oximetry Sensor Market, Global, 2021 – 2031 (US$)
- Figure 10-35: Market Value by Region, Reusable Pulse Oximetry Sensor Market, Global, 2021 – 2031 (US$M)
- Figure 10-36: OEM Circuit Board Market, Global, 2021 – 2031
- Figure 10-37: Units Sold by Region, OEM Circuit Board Market, Global, 2021 – 2031
- Figure 10-38: Average Selling Price by Region, OEM Circuit Board Market, Global, 2021 – 2031 (US$)
- Figure 10-39: Market Value by Region, OEM Circuit Board Market, Global, 2021 – 2031 (US$M)
- Figure 10-40: Leading Competitors, Pulse Oximetry Monitoring Market, Global, 2024
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