Global Pulse Oximeter Market is valued approximately USD 2.57 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.80% over the forecast period 2022-2029. A pulse oximeter is a medical device used to measure the oxygen saturation level in the blood. It works by shining a light through a part of the body, such as a finger or earlobe, and measuring the amount of light absorbed by the oxygen-carrying hemoglobin in the blood. The device then calculates the percentage of oxygenated hemoglobin in the blood, which is known as the oxygen saturation level. The major driving factors for the Global Pulse Oximeter Market are Increasing focus towards monitoring patient at the time of diagnosis and treatment, growing awareness regarding application of pulse oximeters for COVID-19 patients, rising prevalence of respiratory diseases. Moreover, technological advancements in pulse oximeter devices and rising initiatives by the key market players are creating lucrative growth opportunity for the market over the forecast period 2022-2029.
The prevalence of respiratory diseases has also been linked to high levels of air pollution. In 2021, the World Health Organization estimated that around 7 million premature deaths each year are attributable to air pollution, with respiratory diseases being a major contributor. Along with this, smoking remains a significant cause of respiratory diseases. According to the World Health Organization, tobacco use is responsible for up to 80% of all COPD deaths. The COVID-19 pandemic has also highlighted the negative impact of smoking on respiratory health, as smokers are at higher risk of developing severe illness and dying from COVID-19. However, poor healthcare infrastructure in developing regions stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Pulse Oximeter Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the largest market for pulse oximeters due to the high prevalence of respiratory diseases, aging population, and technological advancements. The United States is the major contributor to the growth of the market in this region. Asia-Pacific is expected to be the fastest-growing market for pulse oximeters due to the increasing awareness about respiratory diseases, growing healthcare infrastructure, and rising disposable income. China, Japan, and India are the major contributors to the growth of the market in this region.
Major market players included in this report are:
- Koninklijke Philips N.V.
- Masimo Corporation
- Medtronic plc
- Nihon Kohden Corporation
- Nonin Medical, Inc.
- Smiths Group plc.
- Nihon Kohden Corporation
- GE Healthcare
- Contec Medical Systems Co. Ltd.
- ICU Medical Inc.
Recent Developments in the Market:
- DetelPro announced the Oxy10 pulse oximeter's release in June 2021. The users of this product can determine the results with the aid of an LED display. The company's pulse oximeter portfolio was expanded throughout numerous hospitals and homecare facilities owing to this product launch, which increased income for the company.
- The introduction of iPulseOx was announced by Smart Metre, a producer and supplier of patient monitoring equipment, in March 2022. It is the first pulse oximeter with cellular connectivity to offer remote patient monitoring services for long-term diseases like heart disease and chronic obstructive pulmonary disease (COPD). This product introduction improved the company's standing by giving them a technological edge over their competitors and growing their clientele.
Global Pulse Oximeter Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product, Technology, Age Group, End-use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
- Fingertip Pulse Oximeters
- Hand-held Pulse Oximeters
- Wrist-worn Pulse Oximeters
- Table top/Bedside Pulse Oximeters
By Technology:
By Age Group:
By End-use:
- Hospitals and Clinics
- Homecare
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Pulse Oximeter Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Pulse Oximeter Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Pulse Oximeter Market, by Technology, 2019-2029 (USD Billion)
- 1.2.4. Pulse Oximeter Market, by Age Group, 2019-2029 (USD Billion)
- 1.2.5. Pulse Oximeter Market, by End-use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Pulse Oximeter Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Pulse Oximeter Market Dynamics
- 3.1. Pulse Oximeter Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing focus towards monitoring patient at the time of diagnosis and treatment
- 3.1.1.2. Growing awareness regarding application of pulse oximeters for COVID-19 patients
- 3.1.1.3. Rising prevalence of respiratory diseases
- 3.1.2. Market Challenges
- 3.1.2.1. Poor healthcare infrastructure in developing regions
- 3.1.3. Market Opportunities
- 3.1.3.1. Technological advancements in pulse oximeter devices
- 3.1.3.2. Rising initiatives by the key market players
Chapter 4. Global Pulse Oximeter Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Pulse Oximeter Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Pulse Oximeter Market by Product, Performance - Potential Analysis
- 6.3. Global Pulse Oximeter Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Pulse Oximeter Market, Sub Segment Analysis
- 6.4.1. Fingertip Pulse Oximeters
- 6.4.2. Hand-held Pulse Oximeters
- 6.4.3. Wrist-worn Pulse Oximeters
- 6.4.4. Table top/Bedside Pulse Oximeters
Chapter 7. Global Pulse Oximeter Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Pulse Oximeter Market by Technology, Performance - Potential Analysis
- 7.3. Global Pulse Oximeter Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
- 7.4. Pulse Oximeter Market, Sub Segment Analysis
- 7.4.1. Conventional
- 7.4.2. Connected
Chapter 8. Global Pulse Oximeter Market, by Age Group
- 8.1. Market Snapshot
- 8.2. Global Pulse Oximeter Market by Age Group, Performance - Potential Analysis
- 8.3. Global Pulse Oximeter Market Estimates & Forecasts by Age Group 2019-2029 (USD Billion)
- 8.4. Pulse Oximeter Market, Sub Segment Analysis
- 8.4.1. Adult
- 8.4.2. Pediatric
Chapter 9. Global Pulse Oximeter Market, by End-use
- 9.1. Market Snapshot
- 9.2. Global Pulse Oximeter Market by End-use, Performance - Potential Analysis
- 9.3. Global Pulse Oximeter Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
- 9.4. Pulse Oximeter Market, Sub Segment Analysis
- 9.4.1. Hospitals and Clinics
- 9.4.2. Homecare
Chapter 10. Global Pulse Oximeter Market, Regional Analysis
- 10.1. Pulse Oximeter Market, Regional Market Snapshot
- 10.2. North America Pulse Oximeter Market
- 10.2.1. U.S. Pulse Oximeter Market
- 10.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Age Group breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End-use breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Pulse Oximeter Market
- 10.3. Europe Pulse Oximeter Market Snapshot
- 10.3.1. U.K. Pulse Oximeter Market
- 10.3.2. Germany Pulse Oximeter Market
- 10.3.3. France Pulse Oximeter Market
- 10.3.4. Spain Pulse Oximeter Market
- 10.3.5. Italy Pulse Oximeter Market
- 10.3.6. Rest of Europe Pulse Oximeter Market
- 10.4. Asia-Pacific Pulse Oximeter Market Snapshot
- 10.4.1. China Pulse Oximeter Market
- 10.4.2. India Pulse Oximeter Market
- 10.4.3. Japan Pulse Oximeter Market
- 10.4.4. Australia Pulse Oximeter Market
- 10.4.5. South Korea Pulse Oximeter Market
- 10.4.6. Rest of Asia Pacific Pulse Oximeter Market
- 10.5. Latin America Pulse Oximeter Market Snapshot
- 10.5.1. Brazil Pulse Oximeter Market
- 10.5.2. Mexico Pulse Oximeter Market
- 10.6. Rest of The World Pulse Oximeter Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Koninklijke Philips N.V.
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Masimo Corporation
- 11.2.3. Medtronic plc
- 11.2.4. Nihon Kohden Corporation
- 11.2.5. Nonin Medical, Inc.
- 11.2.6. Smiths Group plc.
- 11.2.7. Nihon Kohden Corporation
- 11.2.8. GE Healthcare
- 11.2.9. Contec Medical Systems Co. Ltd.
- 11.2.10. ICU Medical Inc.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption