The global pulse oximeter market is anticipated to grow at a CAGR of 2.3% during the forecast period (2021-2027). The major factors augmenting the growth of the global pulse oximeter market include growing prevalence of target diseases (asthma, hyperlipidemia, hypertension, diabetes, cardiac arrhythmia, and COPD among others), increasing geriatric population, and rapid improvement in healthcare infrastructure. For instance, according to WHO, COPD is the third leading cause of mortality worldwide, causing 3.23 million mortalities in 2019, and nearly 80.0% of these deaths occurred in low- and middle-income countries. Moreover, in 2019, as per the same source, Asthma affected an estimated 262 million people and caused 461,000 mortalities. These increased cases have surged the demand for pulse oximeters, hence drive the market. Pulse oximeters are painless, non-invasive, and can rapidly detect oxygen levels in the body, these are the advantages associated with the use of pulse oximeters which makes them highly adaptable in non-hospital healthcare settings.
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Furthermore, the accuracy issues associated with the non-medical pulse oximeters and regulations regarding the use of these devices, and lack of awareness about the pulse oximeters among the targeted population in developing countries may hinder the market growth for pulse oximeters. Apart from these, the growth in patient monitoring management devices in-home care or non-hospitals settings, and healthcare expenditure in emerging economies are expected to offer lucrative opportunities for the market growth during the forecast period.
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Global Pulse Oximeter Market Segmentation
By Product Type
- Portable Pulse Oximeters (fingertip and wearable)
- Handheld Oximeter
- Others
By End-User
- Hospitals
- Homecare
- Others (ASCs and Clinics)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Beurer GmbH
- CAS Medical Systems, Inc.
- Contec Medical Systems Co., Ltd.
- Trust
- GE Healthcare
- Honeywell International Inc.
- iHealth Labs Inc
- Koninklijke Philips N.V.
- Masimo Corp.
- Meditech Equipment Co.
- Medtronic Plc
- Nihon Kohden Corp.
- Nonin Medical, Inc.
- Omron Healthcare, Inc.
- Opto Circuits India Ltd.
- OSI Systems, Inc.
- Promed Group Co., Ltd.
- Shanghai Berry Electronic Technology Co., Ltd
- Smiths Group plc
- Spengler Holtex Group
- Vyaire Medical Inc.
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