Overview


According to FutureWise analysis the market for pulse oximeter in 2023 is US$ 3.05 billion, and is expected to reach US$ 6.09 billion by 2031 at a CAGR of 9.00%.

The oxygen saturation level (SpO2) in a person's blood is measured by a pulse oximeter, a non-invasive medical equipment. The oxygen saturation levels of those with respiratory or cardiac disorders, as well as those receiving anaesthesia or oxygen treatment, are frequently checked with pulse oximeters. The pulse oximeter works by emitting light through a person's skin and measuring the amount of light absorbed by the blood. Oxygenated hemoglobin absorbs more light at certain wavelengths than deoxygenated hemoglobin, so the pulse oximeter can calculate the oxygen saturation level based on the amount of light absorbed.

Pulse oximeters usually consist of a small device that attaches to a person's finger, toe, or earlobe. The device contains a sensor that emits light and determines the amount of light absorbed by the blood. The oxygen saturation level is displayed on a small screen on the device, and some pulse oximeters also display the person's heart rate. Pulse oximeters are often used in clinics, hospitals, and home healthcare settings. They are considered to be safe and non-invasive, and can provide valuable information about a person's respiratory and cardiac function. However, it is important to note that pulse oximeters have limitations and may not be accurate in certain situations, such as in individuals with dark skin pigmentation or in the presence of certain medical conditions.

FutureWise Market Research has published a report that provides an insightful analysis of Pulse Oximeter Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Pulse Oximeter Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.

  • Contec Medical Systems Co., Ltd.
  • General Electric Company
  • Halma plc
  • Koninklijke Philips N.V.
  • Masimo Corporation
  • Medtronic plc
  • Nihon Kohden Corporation
  • Nonin Medical, Inc
  • Omron Corporation
  • Smiths Group plc.

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent developments by key players in Pulse Oximeter Market:

In March 2022, The launch of the iPulseOxTM by Smart Meter has accelerated the development of remote patient monitoring services for long-term diseases, including COPD and other heart diseases. It is among the first pulse oximeters to be cellularly connected.

In recent years, the market for pulse oximeters has seen tremendous expansion, and it is anticipated that this pattern will continue in the years to come. One of the primary drivers of the market is the increasing prevalence of respiratory disorders, particularly in aging populations. According to the World Health Organization (WHO), around 65 million individuals globally suffer from moderate to severe COPD, and this number is expected to continue to grow. As respiratory diseases become more prevalent, the demand for pulse oximeters is expected to increase. The industry is additionally being driven by the growing adoption of remote patient monitoring technologies. As healthcare professionals seek to reduce costs and improve patient outcomes, they are increasingly turning to telemedicine solutions to provide remote patient care. Pulse oximeters are an important component of remote patient monitoring, as they allow healthcare providers to monitor patients' oxygen levels in real-time, even when the patient is at home. Additionally, the COVID-19 pandemic has significantly boosted the demand for pulse oximeters. The disease can cause severe respiratory complications, and pulse oximeters have been widely used to monitor the oxygen levels of COVID-19 patients, particularly those who are critically ill. This has increased the demand for pulse oximeters.

Despite these positive factors, the pulse oximeter market also faces several challenges. One of the primary challenges facing the market is the high cost of pulse oximeters, which can make them less accessible to patients in developing countries or those without adequate insurance coverage.

By Product Type

  • Table-top/Bedside Pulse Oximeters
  • Fingertip Pulse Oximeters
  • Hand-held Pulse Oximeters
  • Wrist-worn Pulse Oximeters
  • Pediatric Pulse Oximeters

By Application

  • Hospitals
  • Physical Examination Center
  • Physician Groups
  • Other Applications

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered the highest share in the market in 2022. There are a number of variables that contribute to the pulse oximeter market's expansion in North America, including the rising prevalence of respiratory diseases, the increasing adoption of telemedicine and home healthcare, and the growing awareness about the advantages of pulse oximetry monitoring. Additionally, the availability of advanced healthcare infrastructure and reimbursement policies in North America has also contributed to the expansion of the market in this region. Additionally, based on product type; hand-held pulse oximeters segment dominates the global market.

  • Tier 1 players- established companies in the market with major market share
  • Tier 2 players
  • New Entrants
  • Emerging players which are growing rapidly
  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data points affecting market growth
  • To provide with an exhaustive analysis on the Pulse Oximeter Market By Product Type, By Application and By Region.
  • To cater comprehensive insights on factors such as drivers, restraints, trends, opportunity, and additionally segmental and regional factors impacting market growth.
  • To evaluate current market trends and forecast micro-markets and the overall market projections which are represented in the format of data-sets and ppt.
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To provide information on competitors which includes landscape mapping, technological advancements, R&D spending, news concerning strategic alliances, and new product launches.
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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1 . Years Considered for the Study
         3.2 . Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1 . Secondary Data
          1.1.1 . Key Data From Secondary Sources
         1.2 . Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.  Pulse Oximeter Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards And Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.  Pulse Oximeter Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies

  • 7.  Pulse Oximeter Market, By Product Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Table-top/Bedside Pulse Oximeters
        2. Fingertip Pulse Oximeters
        3. Hand-held Pulse Oximeters
        4. Wrist-worn Pulse Oximeters
        5. Pediatric Pulse Oximeters

  • 8.  Pulse Oximeter Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Hospitals
        2. Physical Examination Center
        3. Physician Groups
        4. Other Applications

  • 9.   North America Pulse Oximeter Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 10.   Latin America Pulse Oximeter Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 11.   Europe Pulse Oximeter Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 12.   Asia Pacific Pulse Oximeter Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 13.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 14.  Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix

  • 15.  Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Type and Technology Portfolio, Financial Layouts)
    •     1. Contec Medical Systems Co., Ltd.
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. General Electric Company
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Halma plc
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
          4. Koninklijke Philips N.V.
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Masimo Corporation
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Medtronic plc
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Nihon Kohden Corporation
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Nonin Medical, Inc.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Omron Corporation
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
         10. Smiths Group plc.
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview

  • 16.  Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by
      administrations
        5. The overall economic slowdown of the developing and developed nations

  • 17.  FutureWise SME Key Takeaway Points for Client
    •   

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