パルスオキシメーター市場レポート：動向、予測、競合分析 (2031年まで)

パルスオキシメーターの世界市場の将来は、病院、在宅医療、外来医療市場での機会で有望視されています。パルスオキシメーターの世界市場は、2025年から2031年までのCAGRが6.1%で、2031年までに推定45億米ドルに達すると予想されています。この市場の主な促進要因は、呼吸器疾患の罹患率の増加、小児の先天性心疾患（CHD）の症例の増加、外科手術や入院の急増です。

• Lucintelの予測によると、技術カテゴリーでは接続型装置が、コネクテッド医療機器の採用の増加、救急車の設定や在宅医療における継続的な患者モニタリングの需要の高まりにより、最も高い成長が見込まれています。
• 最終用途別では、入院患者数の増加により、継続的な患者モニタリングシステムを必要とする病院が最大のセグメントであり続けると思われます。
• 地域別では、アジア太平洋が呼吸器疾患の有病率の増加とこの地域の大手企業の存在により、予測期間中に最も高い成長を遂げると予想されます。

パルスオキシメーター市場の戦略的成長機会

パルスオキシメーター市場には、特に一般人口の間で健康モニタリングの需要が高まっていることから、数多くの競合機会が存在します。新技術とパルスオキシメーターの用途拡大が成長の新たな道を開いています。このような機会は、スマートフォンとの統合や特定の市場セグメントをターゲットにしたデバイスの開発など、パルスオキシメーター業界の垂直的変化をもたらしています。以下の段落では、市場の様々な用途から5つの成長機会を紹介し、その潜在的なパフォーマンスを分析します。

• ウェアラブルデバイスとの統合：将来の機会としては、パルスオキシメーターとウェアラブルデバイスの統合の開発が挙げられます。スマートウォッチやフィットネストラッカーのようなウェアラブル機器へのシフトは、パルスオキシメーターの臨床目的、特に持続的酸素濃度モニタリングに新たな用途をもたらし、市場成長に大きく寄与します。消費者は、身体パラメータに関する情報を即座に提供する健康モニタリング機器への関心を高めています。パルスオキシメーターの機能をウェアラブルに搭載することで、ユーザーの利便性が向上し、従来の医療環境を超えて市場成長が促進されます。この統合は、テクノロジーによる個人の健康管理への重要な一歩であり、事業の成長を後押しする可能性が高いです。
• 遠隔医療の拡大：遠隔医療の台頭により、パルスオキシメーターの市場機会は大きいです。より多くの医療がオンラインで提供されるようになり、遠隔モニタリングソリューションの重要性が増しています。仮想診察中にリアルタイムで患者データを医師に送信できるオキシメータは、遠隔医療プラットフォームの不可欠な構成要素になりつつあります。この機能は、慢性疾患や呼吸器系の問題を抱える患者の管理に特に有用で、場所ベースの医療にとどまらない治療オプションが可能になります。この予測は、遠隔医療が拡大し続けることを示唆しており、遠隔患者モニタリングを容易にするパルスオキシメーターの必要性を生み出しています。
• 小児用パルスオキシメーター：小児用に特化したパルスオキシメーターの調査と生産は、大きな市場機会をもたらします。乳幼児は指や皮膚が小さく、標準的な飽和度測定器では測定できないため、特殊な装置が必要となります。小児医療への注目が高まり、小児の呼吸器疾患の発生率が上昇していることから、より優れた効率的な小児用パルスオキシメーターへの需要が高まっています。この需要に対応できる企業は、特に病院や新生児集中治療室（NICU）において、ターゲットとする顧客ベースのシェアを拡大していくと思われます。
• 在宅医療市場の拡大：パルスオキシメーターメーカーにとってのもう一つのチャンスは、在宅医療市場の拡大にあります。患者が自宅での治療を好む傾向が強まっているため、小型で携帯可能なパルスオキシメーター機器の需要が高まっています。これらの機器は、患者が定期的に酸素濃度をモニターすることを可能にし、慢性閉塞性肺疾患（COPD）や睡眠時無呼吸症候群などの疾患の管理に役立ちます。特に、頻繁な通院を避けたい高齢者にとっては、医療機関に出向くことなく健康状態のモニタリングが容易になるため、こうしたパルスオキシメーターのニーズは高まっています。

パルスオキシメーター市場は今後も一般的な用途を拡大し続けると予想されます。この成長は、ウェアラブル機器とのシステム統合、遠隔医療の拡大、小児をターゲットとした機器の開発、在宅医療市場の成長、呼吸療法に使用される機器との接続などの要因によって積極的に推進されています。この成長は、より個別化され、より便利で、よりデータ化された医療提供への一般的な動向を反映しています。

パルスオキシメーター市場促進要因・課題

パルスオキシメーター市場は、その成長と開拓に影響を与えるいくつかの主な促進要因・課題に直面しています。市場の需要を促進する要因としては、技術の進歩、呼吸器疾患の増加、遠隔医療の成長、健康モニタリングに対する関心の高まりなどが挙げられます。逆に課題としては、デバイスの精度、規制問題、価格競合などが挙げられます。

パルスオキシメーター市場を牽引する要因は以下の通り：

• 技術の進歩：技術の進歩：センサー技術、小型化、無線通信機能の向上は、パルスオキシメーターの性能と精度に大きな影響を与えています。現在では、デバイスはリアルタイムでデータを送信し、モバイルアプリケーションを利用し、便利なユーザーインタラクションを提供することができます。このような製品の革新は、パルスオキシメーターがより多くの人々にとってより魅力的で使いやすくなり、最終的にはホームケアやプロフェッショナルユースまで市場を拡大することで、需要に対応しています。消費者が洗練された信頼性の高い医療用健康モニタリング機器をますます求めるようになっているため、継続的な技術の進歩は市場の範囲をさらに広げると思われます。
• 呼吸器疾患の増加：慢性閉塞性肺疾患（COPD）、喘息、さらにはCOVID-19を含む慢性呼吸器疾患の有病率の上昇により、パルスオキシメーターの需要が増加しています。これらのデバイスは呼吸器疾患の患者にとって不可欠であり、効果的な管理のための酸素レベルの評価を可能にします。高齢者人口の増加と呼吸器疾患の患者数の増加により、パルスオキシメーターの成長動向が予想され、臨床および在宅ケア環境におけるこれらの機器の必要性が強調されています。
• 遠隔医療利用の増加：遠隔医療産業の成長は、遠隔患者ケアが医療システムの不可欠な一部となるにつれて、パルスオキシメーターの新たな市場セグメントを提示します。ビデオ会議を通じて医療提供者とリアルタイムでやりとりする際に、ユーザーが取得した酸素飽和度データをワイヤレスで送信できるパルスオキシメーターへの需要が高まっています。この機能は、慢性疾患や常時監視が必要な呼吸器疾患の患者を管理する上で極めて重要です。遠隔医療サービスを利用して患者を管理するためのパルスオキシメーターに対する需要は、特に接続オプションを備えたオキシメータに対する需要が伸びると予想されます。

パルスオキシメーター市場の課題は以下の通り：

• 機器の精度と信頼性：機器の精度と信頼性はパルスオキシメーター市場の成長にとって大きな課題です。特に血液灌流が低い場合や色素沈着が濃い患者では測定値にばらつきが生じることがあり、一部のパルスオキシメーターの信頼性に疑問を投げかけています。このような精度に関する懸念に対処することは、消費者の機器に対する信頼を維持し、臨床と家庭の両方の環境での効果的な使用を保証するために不可欠です。メーカー各社は、機器の精度を高めるための技術や校正方法の進歩にますます注力しています。
• 規制上の障害：パルスオキシメーターメーカーにとって、規制上の課題を克服することは容易ではありません。関連する規制の複雑さと特許申請に対する要求は、新規に市場に参入する機器にとってボトルネックとなる可能性があります。さらに、メーカーは世界各地の市場で異なる基準を満たすためにコストがかかります。この課題は、メーカーが規制プロセスに効果的に関与し、承認スケジュールを早めることができる変化に適応する必要性を強調しています。
• 価格圧力：価格競争はパルスオキシメーター市場における大きな障壁であり、特に需要が増加し競合他社が増加するにつれて顕著になります。最終消費者も医療施設も費用対効果の高いソリューションを求めているため、メーカーの利益率に影響を与える可能性があります。手頃な価格の機器を求めるニーズと、技術や規制遵守に必要な投資との間でバランスを取ることは、難しいことです。メーカーは市場競争力を維持するために、製品の品質を維持しながら運用コストを削減する方法を模索しなければなりません。

パルスオキシメーター市場は、その成長軌道を形成する力と課題によって特徴付けられています。主な促進要因としては、技術の進歩、呼吸器疾患の罹患率の上昇、遠隔医療サービスの増加、健康意識の高まりなどが挙げられます。今後の成長には、機器の性能、規制、価格に関する課題への対処が不可欠です。パルスオキシメーター市場で機会を生かそうとするユーザーにとって、これらの要因を理解し、うまく乗り切ることは非常に重要です。市場は、製品範囲、規制問題、コスト管理戦略の進展に焦点を当てながら、発展・強化が見込まれています。

目次

第1章 エグゼクティブサマリー

第2章 世界のパルスオキシメーター市場：市場力学

• イントロダクション、背景、分類
• サプライチェーン
• 業界の促進要因と課題

第3章 市場動向と予測分析 (2019年～2031年)

• マクロ経済動向 (2019～2024年) と予測 (2025～2031年)
• 世界のパルスオキシメーター市場の動向 (2019～2024年) と予測 (2025～2031年)
• 世界のパルスオキシメーター市場：技術別
  • 従来型デバイス
  • 接続型デバイス
• 世界のパルスオキシメーター市場：種類別
  • ポータブルパルスオキシメーター
  • ベッドサイド/卓上型パルスオキシメーター
• 世界のパルスオキシメーター市場：最終用途別
  • 病院
  • 在宅医療
  • 外来診療

第4章 地域別の市場動向と予測分析 (2019年～2031年)

• 世界のパルスオキシメーター市場：地域別
• 北米のパルスオキシメーター市場
• 欧州のパルスオキシメーター市場
• アジア太平洋のパルスオキシメーター市場
• その他地域のパルスオキシメーター市場

第5章 競合分析

• 製品ポートフォリオ分析
• 運用統合
• ポーターのファイブフォース分析

第6章 成長機会と戦略分析

• 成長機会分析
  • 世界のパルスオキシメーター市場の成長機会：技術別
  • 世界のパルスオキシメーター市場の成長機会：種類別
  • 世界のパルスオキシメーター市場の成長機会：最終用途別
  • 世界のパルスオキシメーター市場の成長機会：地域別
• 世界のパルスオキシメーター市場の新たな動向
• 戦略的分析
  • 新製品の開発
  • 世界のパルスオキシメーター市場の生産能力拡大
  • 世界のパルスオキシメーター市場における企業合併・買収 (M&A)、合弁事業
  • 認証とライセンシング

第7章 主要企業のプロファイル

• Medtronic
• Masimo
• Koninklijke Philips N.V.
• General Electric
• Nonin
• Nihon Kohden Corporation
• ICU Medical
• OSI Systems
• CONTEC Medical Systems
• Dragerwerk

The future of the global pulse oximeter market looks promising with opportunities in the hospital, home care, and ambulatory care markets. The global pulse oximeter market is expected to reach an estimated $4.5 billion by 2031 with a CAGR of 6.1% from 2025 to 2031. The major drivers for this market are the increasing incidence of respiratory diseases, growing cases of congenital heart disease (CHD) in children, and the surging number of surgical procedures and hospitalizations.

• Lucintel forecasts that, within the technology category, connected devices are expected to witness the highest growth due to the growing adoption of connected medical devices and rising demand for continuous patient monitoring in ambulance settings and home care.
• Within the end use industry category, hospitals will remain the largest segment due to the growing number of hospitalizations, which needs continuous patient monitoring systems.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period due to the increasing prevalence of respiratory diseases and the presence of major players in this region.

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Emerging Trends in the Pulse Oximeter Market

These days, the global pulse oximeter market is expanding at an unprecedented rate, triggered by the increasing health consciousness among people, especially due to the effects of the pandemic. There is a technologically inclined development in the market toward newer and better devices that can be used effectively as part of healthcare management systems.

• Configuring with Wearable Technology: One of the most prominent trends in the market is the combination of pulse oximeters and wearable technology. This offers the possibility of tracking whether the user is within his or her normal oxygen saturation range and monitoring a plethora of other vitals throughout the day. Many pulse oximeter-embedded devices, such as fitness bands and smart wristwatches, have entered the market, enabling people to monitor their health and share information with doctors easily. This revolution has greatly helped consumers who want to stay fit and those who wish to take control of their health, stimulating the market for wearable fitness technology.
• Enhancements in Sensor Technology: There have been significant enhancements in the reliability and accuracy of pulse oximeters due to advancements in sensor technology. Modern devices are more effective as they are designed with sensors capable of taking readings even in poor conditions, such as low blood perfusion or darker skin tones. These improvements are crucial for ensuring that pulse oximeters provide accurate readings across all demographics, making them more efficient for diagnosis in both healthcare facilities and home care.
• Rising Utilization in Home Healthcare: The growing tendency of people seeking home healthcare services has increased the consumption of pulse oximeters by end users. More individuals are staying home to monitor their health, leading to an increased demand for simple, portable, and affordable pulse oximeters. This trend surged during COVID-19, emphasizing the need for respiratory health monitoring. Therefore, manufacturers are focusing more on usability and precision in the home healthcare device market.
• Integration with Telemedicine Platforms: The trend of combining pulse oximeters with telemedicine platforms is gaining traction. With the advent of telemedicine, pulse oximeters are used to send real-time health information, assisting patients during video consultations. Integration of these sensors enables improved remote monitoring, especially for patients suffering from chronic lung diseases. Advancements facilitating off-site supervision of oxygen concentration in patients and relaying this information to therapists are enhancing the quality of healthcare through telemedicine.

The conclusions derived from this study indicate that, like other markets, the pulse oximeter market is expanding vigorously with new trends that improve the features, reach, and inclusion of devices in routine health checkups. The growing prevalence of wearable technology and advanced sensor development, coupled with a trend toward home healthcare and telemedicine, will serve as catalysts for growth in the pulse oximeter market. These trends are transforming the industry and creating demand for pulse oximeters in both clinical and consumer health markets.

Recent Developments in the Pulse Oximeter Market

The pulse oximeter market has demonstrated significant progress due to increased population engagement in respiratory health along with technological advancements. It is essential to note that advancements in this domain were accelerated during the COVID-19 pandemic, owing to the growing need for precise and easy-to-use devices. Organizations are working on systems with better accuracy, portability, and broader expansion of devices integrated with mHealth services.

• Integration of New Technologies: The integration of new sensor technologies in pulse oximeters has enhanced oximetry even for low perfusion patients and patients with high skin pigmentation. Micropulse oximeters often fail under such conditions; however, new sensor technologies have been developed to overcome this challenge. By changing light wavelengths and enhancing detection algorithms, the reliability of pulse oximeters has improved for consumers of all races. This development ensures a greater commitment to designing pulse oximeters that deliver reliable and accurate results across various clinical environments, making them more useful for diagnosis.
• Advent of Wearable Technology: Pulse oximeters have become more useful thanks to the possibility of combining them with devices such as smartwatches and intelligent pulse oximeters. These devices enable users to continuously monitor their oxygen levels, along with other vital signs and statistics. This capability allows individuals to record and transmit health information in real time, which is particularly important for those undergoing long-term treatment or seeking to maintain health consciousness. The increasing use of wearables equipped with oxygen sensors is expanding the market for these devices beyond clinical settings.
• Shift Toward Home Use: Due to the COVID-19 situation, many people have shifted toward using pulse oximeters at home, prompting manufacturers to develop easy and convenient home-use models. These devices are designed for simplicity, allowing users to take measurements and obtain accurate results without professional training. The trend of increasing accessibility to pulse oximeters has encouraged ordinary individuals to adopt preventive health measures, resulting in impressive growth in sales of compact, affordable, portable devices. Thus, pulse oximeters are now integral to daily healthcare management.
• Growing Telemedicine Market: The telemedicine market has seen a growing demand for pulse oximeters, enabling mobile patients to send their oxygen saturation levels to health experts during online consultations. Broadband technology facilitates the remote supervision of patients, including those with chronic obstructive pulmonary diseases. Telemedicine has rapidly gained acceptance, especially due to the need for social distancing during the COVID-19 outbreak, creating opportunities for incorporating pulse oximeters into these systems.

The latest trends in the pulse oximeter market have expanded its scope and applications. Enhancements in sensor technology, incorporation with wearables, and the emergence of home-use models have broadened the market for pulse oximeters in clinical and personal health monitoring. The shift toward telemedicine and the focus on pediatric patient populations illustrate the evolving applications of pulse oximeters in practice.

Strategic Growth Opportunities for Pulse Oximeter Market

Numerous competitive opportunities exist in the pulse oximeter market, especially with the rising demand for health monitoring among the general population. New technologies and increased uses of pulse oximeters are opening new avenues for growth. These opportunities have led to vertical changes in the pulse oximeter industry, including integration with smartphones and the creation of devices targeting specific market segments. The following paragraphs present five growth opportunities from various applications in the market and analyze their potential performance.

• Integration with Wearable Devices: Future opportunities include the development of coupled pulse oximeters and wearable device integration. The shift toward wearables, such as smartwatches and fitness trackers, brings additional clinical purposes for pulse oximetry, particularly for continuous oxygen level monitoring, which significantly contributes to market growth. Consumers are increasingly interested in health monitoring devices that provide instant information about body parameters. Including pulse oximeter functions in wearables enhances user convenience and drives market growth beyond traditional healthcare settings. This integration represents a significant step toward managing individual health through technology, likely fueling business growth.
• Expansion in Telemedicine: With the rise of telemedicine, market opportunities for pulse oximeters are substantial. As more healthcare is delivered online, the importance of remote monitoring solutions has increased. Oximeters capable of transmitting real-time patient data to physicians during virtual consultations are becoming integral components of telehealth platforms. This feature is particularly useful for managing chronic diseases and patients with respiratory issues, allowing treatment options to extend beyond location-based healthcare. The forecast suggests that telemedicine will continue to expand, creating a need for pulse oximeters that facilitate remote patient monitoring.
• Pediatric Pulse Oximeters: Research and production of pulse oximeters specifically designed for children present significant market opportunities. Infants and young children require specialized devices as their small fingers and skin do not accommodate standard saturation devices. The increasing focus on pediatric healthcare and the rising incidence of respiratory illnesses among children create a demand for better and more efficient pediatric pulse oximeters. Companies that can meet this demand will capture a growing share of the targeted customer base, particularly in hospitals and neonatal intensive care units (NICUs).
• Home Healthcare Market Expansion: Another opportunity for pulse oximeter manufacturers lies in the expansion of the home healthcare market. An increasing trend of patients preferring to stay at home for therapy is raising the demand for small and portable pulse oximeter devices. These devices enable patients to regularly monitor their oxygen levels, aiding in managing diseases such as Chronic Obstructive Pulmonary Disease (COPD) and sleep apnea. The need for these pulse oximeters is growing as they facilitate health monitoring without requiring travel to medical facilities, especially for elderly patients who wish to avoid frequent hospital visits.

The pulse oximeter market is expected to continue expanding its common applications in the future. This growth is actively driven by factors such as the integration of systems with wearable devices, the expansion of telemedicine, the development of pediatric-targeted devices, the growth of the home healthcare market, and connections with devices used for respiratory therapy. This growth reflects the general trend toward more personalized, convenient, and data-enabled healthcare delivery.

Pulse Oximeter Market Driver and Challenges

The pulse oximeter market faces several key drivers and challenges that influence its growth and development. Factors driving market demand include technological advancements, rising respiratory diseases, the growth of telemedicine, and increasing concerns about health monitoring. Conversely, challenges include device accuracy, regulatory issues, and price competition.

The factors driving the pulse oximeter market include:

• Advancements in Technology: Improvements in sensor technology, miniaturization, and wireless communication capabilities have significantly impacted the performance and precision of pulse oximeters. Nowadays, devices can transmit data in real time, utilize mobile applications, and provide convenient user interaction. These product innovations address the demand as pulse oximeters become more appealing and easier to use for a broader audience, ultimately expanding the market to include home care and professional use. Ongoing technological advancements are likely to further broaden the market's scope as consumers increasingly seek sophisticated and reliable medical health monitoring devices.
• Rising Cases of Respiratory Disorders: The rising prevalence of chronic respiratory disorders, including chronic obstructive pulmonary disease (COPD), asthma, and even COVID-19, has increased the demand for pulse oximeters. These devices are essential for patients with respiratory illnesses, enabling the assessment of oxygen levels for effective management. A trend in pulse oximeter growth is expected due to the increasing elderly population and the growing number of patients with respiratory conditions, highlighting the need for these devices in clinical and home care settings.
• Increased Usage of Telemedicine: The growth of the telemedicine industry presents a new market segment for pulse oximeters, as remote patient care becomes an integral part of the healthcare system. There is a growing demand for pulse oximeters that can wirelessly transmit oxygen saturation data obtained by users during real-time interactions with healthcare providers via video conferencing. This capability is crucial for managing chronic conditions and patients with respiratory illnesses requiring constant monitoring. Demand for pulse oximeters for managing patients using telemedicine services is expected to grow, particularly for oximeters with connectivity options.

Challenges in the pulse oximeter market include:

• Device Accuracy and Reliability: Device accuracy and reliability present significant challenges to the growth of the pulse oximeter market. Variability in readings can occur, particularly in cases of low blood perfusion or in patients with darker pigmentation, raising questions about the reliability of some pulse oximeters. Addressing these accuracy concerns is essential to maintain consumer confidence in the devices, ensuring their effective use in both clinical and home environments. Manufacturers are increasingly focusing on advancing their technologies and calibration methods to enhance device accuracy.
• Regulatory Roadblocks: Navigating regulatory requirements can pose challenges for pulse oximeter manufacturers. The complexity of relevant regulations and the demands for patent application submissions can create bottlenecks for new devices entering the market. Additionally, manufacturers incur costs associated with meeting varying standards in different markets worldwide. This challenge underscores the need for manufacturers to engage effectively with regulatory processes and adapt to changes that can expedite approval timelines.
• Price Pressure: Price competition is a significant barrier in the pulse oximeter market, especially as demand increases and the number of competitors grows. Both end consumers and healthcare facilities are seeking cost-effective solutions, which can affect manufacturers' profit margins. Striking a balance between the need for affordable devices and the investment required in technology and regulatory compliance can be challenging. Manufacturers must explore ways to reduce operational costs while maintaining product quality to remain competitive in the market.

The pulse oximeter market is characterized by forces and challenges that shape its growth trajectory. Key drivers include technological advancements, a rising incidence of respiratory diseases, an increase in telemedicine services, and growing health awareness. Addressing challenges related to device performance, regulation, and pricing will be essential for future growth. Understanding and navigating these factors will be critical for users aiming to capitalize on opportunities in the pulse oximeter market. The market is expected to develop and strengthen, with a focus on advancing product scope, regulatory issues, and cost management strategies.

List of Pulse Oximeter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pulse oximeter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pulse oximeter companies profiled in this report include-

• Medtronic
• Masimo
• Koninklijke Philips N.V.
• General Electric
• Nonin
• Nihon Kohden Corporation
• ICU Medical
• OSI Systems
• CONTEC Medical Systems
• Dragerwerk

Pulse Oximeter by Segment

The study includes a forecast for the global pulse oximeter market by technology, type, end use, and region

Pulse Oximeter Market by Technology [Analysis by Value from 2019 to 2031]:

• Conventional Devices
• Connected Devices

Pulse Oximeter Market by Type [Analysis by Value from 2019 to 2031]:

• Portable Pulse Oximeters
• Bedside/ Tabletop Pulse Oximeters

Pulse Oximeter Market by End Use [Analysis by Value from 2019 to 2031]:

• Hospitals
• Home Care
• Ambulatory Care

Pulse Oximeter Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Pulse Oximeter Market

The pulse oximeter market has undergone dramatic growth and transformation, particularly due to the outbreak of COVID-19, which heightened the need for these devices. Monitoring patients' oxygen saturation levels has become crucial in managing respiratory diseases, leading to increased utilization of pulse oximeters in medical centers and home care. Technological advancements have also enhanced the portability and ease of use of these devices, improving both accuracy and functionality.

• United States: The United States has seen improvements in pulse oximeter devices driven by high demand for home care monitoring systems, particularly during the COVID-19 pandemic. Consequently, the expanded market includes more precise and compact devices, some of which offer continuous communication via smartphone applications. There is a focus on improving accessibility for various user segments, including children and those with darker skin tones, where conventional pulse oximeters face accuracy challenges. This pursuit of modern technology and inclusivity positions the US market for future growth.
• China: The pulse oximeter market in China has registered strong growth due to the increasing demand for personal health monitoring systems. The domestic production sector is experiencing rapid growth, with many players entering the market to offer affordable, portable pulse oximeters suitable for a wide target audience. Recent developments have focused on integrating pulse oximeters with wearables and smartphone applications, allowing users to track health parameters and share results. Additionally, local manufacturers are exporting devices, further expanding the market.
• Germany: The pulse oximeter market in Germany has seen increased usage, particularly in healthcare facilities. Significant efforts have been made to enhance device performance by introducing new sensor technologies that are more effective for low perfusion patients and other challenging cases. The trend of integrating pulse oximeters with electronic health records (EHR) systems is on the rise, facilitating better access to relevant patient information and improving treatment outcomes. The use of portable and wearable pulse oximeters in home care is also growing within the German market.
• India: India's pulse oximeter market has rapidly expanded due to the COVID-19 outbreak, which underscored the need for affordable health monitoring solutions. There has been heightened demand for inexpensive, handheld devices designed for personal use. Indian companies have increased production volumes while providing better price value. Additionally, efforts are underway to raise public awareness about the importance of monitoring arterial oxygen saturation levels. The Indian market is also exploring advanced telemedicine options, with pulse oximeters being integrated into teleradiology services.
• Japan: The Japanese pulse oximeter market focuses on product value through technological advancements and precision that meet national nursing and medical device standards. Advanced features, including built-in sensors and enhanced connectivity with health management smartphone applications via Bluetooth, have been incorporated into pulse oximeters. There is also a growing demand for designs targeting the elderly population, facilitating ease of use for this demographic. The Japanese market is increasingly looking at using pulse oximeters for preventive health measures in line with efforts to minimize healthcare costs through early detection and intervention.

Features of the Global Pulse Oximeter Market

Market Size Estimates: Pulse oximeter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Pulse oximeter market size by technology, type, end use, and region in terms of value ($B).

Regional Analysis: Pulse oximeter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, types, end uses, and regions for the pulse oximeter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pulse oximeter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the pulse oximeter market by technology (conventional devices and connected devices), type (portable pulse oximeters and bedside/ tabletop pulse oximeters), end use industry (hospitals, home care, and ambulatory care), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Pulse Oximeter Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Pulse Oximeter Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Pulse Oximeter Market by Technology
  • 3.3.1: Conventional Devices
  • 3.3.2: Connected Devices
• 3.4: Global Pulse Oximeter Market by Type
  • 3.4.1: Portable Pulse Oximeters
  • 3.4.2: Bedside/ Tabletop Pulse Oximeters
• 3.5: Global Pulse Oximeter Market by End Use
  • 3.5.1: Hospitals
  • 3.5.2: Home Care
  • 3.5.3: Ambulatory Care

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Pulse Oximeter Market by Region
• 4.2: North American Pulse Oximeter Market
  • 4.2.1: North American Market by Technology: Conventional Devices and Connected Devices
  • 4.2.2: North American Market by End Use: Hospitals, Home Care, and Ambulatory Care
• 4.3: European Pulse Oximeter Market
  • 4.3.1: European Market by Technology: Conventional Devices and Connected Devices
  • 4.3.2: European Market by End Use: Hospitals, Home Care, and Ambulatory Care
• 4.4: APAC Pulse Oximeter Market
  • 4.4.1: APAC Market by Technology: Conventional Devices and Connected Devices
  • 4.4.2: APAC Market by End Use: Hospitals, Home Care, and Ambulatory Care
• 4.5: ROW Pulse Oximeter Market
  • 4.5.1: ROW Market by Technology: Conventional Devices and Connected Devices
  • 4.5.2: ROW Market by End Use: Hospitals, Home Care, and Ambulatory Care

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Pulse Oximeter Market by Technology
  • 6.1.2: Growth Opportunities for the Global Pulse Oximeter Market by Type
  • 6.1.3: Growth Opportunities for the Global Pulse Oximeter Market by End Use
  • 6.1.4: Growth Opportunities for the Global Pulse Oximeter Market by Region
• 6.2: Emerging Trends in the Global Pulse Oximeter Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Pulse Oximeter Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Pulse Oximeter Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Medtronic
• 7.2: Masimo
• 7.3: Koninklijke Philips N.V.
• 7.4: General Electric
• 7.5: Nonin
• 7.6: Nihon Kohden Corporation
• 7.7: ICU Medical
• 7.8: OSI Systems
• 7.9: CONTEC Medical Systems
• 7.10: Dragerwerk