Pulse Oximeters Market
Report ID: SQMIG35A2211
Report ID: SQMIG35A2211
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Report ID:
SQMIG35A2211 |
Region:
Global |
Published Date: June, 2025
Pages:
191
|Tables:
113
|Figures:
77
Global Pulse Oximeter market size was valued at USD 2.91 Billion in 2024 and is poised to grow from USD 3.14 Billion in 2025 to USD 5.72 Billion by 2033, growing at a CAGR of 7.8% in the forecast period (2026–2033).
The pulse oximeters market is experiencing quite a significant growth, driven by the increase in prevalence of respiratory diseases among the global population and popularity of home healthcare for patient monitoring. The market also finds itself in a suitable growing environment due to the rising government and institutional support that creates a fostering environment for incorporation of digital health features in pulse oximeters.
Innovations in laser-based pulse oximeters are providing alternatives to the traditional ones. The market is witnessing increasing applications in various therapeutic areas such as critical care and home healthcare. However, the inaccuracy and lack of reliability in data and regulatory approvals for launching pulse oximeters remain huge restraints for the market.
How is Laser-Based Pulse Oximetry bringing Transformation in the Market?
Laser-based pulse oximetry is transforming market dynamics. The technology provides accuracy in oxygen saturation measurements. This accuracy is not compromised even for people with darker skin tones, which has been a limitation of traditional LED-based devices for a long time now. In May 2025, Zynex Medical, a medical technology company, submitted a 510(k) application to the FDA for its NiCO non-invasive CO-oximeter. This oximeter uses its patented laser technology to measure all four primary haemoglobin species, i.e., oxygenated, deoxygenated, carboxy-, and methemoglobin. This allows the device to detect hypoxia, hyperoxia, and CO poisoning at an early stage. This development underlines the technology’s potential to bring about transformation in the market globally.
Market snapshot - 2026-2033
Global Market Size
USD 1.72 Billion
Largest Segment
Portable Pulse Oximeters
Fastest Growth
Portable Pulse Oximeters
Growth Rate
7.7% CAGR
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The global pulse oximeters market is segmented into component, type, technology, age group, application, end user, distribution channel and region. By component, the market is classified into sensors (disposable sensors, reusable sensors), and equipment. Depending on type, it is divided into portable pulse oximeters (handheld pulse oximeters, fingertip pulse oximeters, wearable pulse oximeters), and bedside/tabletop pulse oximeters. According to technology, the market is categorized into conventional devices and connected devices. Depending on age group, it is divided into adults, and pediatrics (infant pulse oximeters, neonatal pulse oximeters). According to application, the market is categorized into critical care, home healthcare, neonatal care, and sports & fitness. By end user, the market is classified into hospitals, home care settings (OTC home use, prescription home use), and Ambulatory Care Centers (ACCs). By distribution channel, the market is classified into online retailers and offline retailers (direct sales, distributors, retail pharmacies). Regionally, the market is analyzed across North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Which Type of Pulse Oximeter is Dominating the Market?
As per the 2024 global pulse oximeters market analysis, the portable pulse oximeter sub segment led the market by holding the largest share. This is due to the fact that they are convenient, affordable, and find widespread use in both clinical and home settings. They have a compact design and are very easy to use, making them a top choice in homecare settings. This was especially proved by the rise in portable pulse oximeters sales that companies witnessed during the COVID-19 pandemic.
The global pulse oximeters market is expected to witness rapid growth in the bedside/tabletop pulse oximeter sub segment due to the rise in demand in intensive care units, neonatal care, and surgical monitoring. These devices are highly precise and offer more advanced features such as continuous monitoring, data storage, etc.
Which Technology is Steering the Future of Pulse Oximeter Market?
The conventional device category in the technology segment is the most dominant in the global pulse oximeters market. Conventional pulse oximeters are widely used, quite affordable, and have already established clinical reliability. These devices are extensively used in hospitals, ambulatory settings, and even home care settings for basic oxygen monitoring needs. They have straightforward functionality and are regulatorily approved, making them a staple. They are especially popular in resource-limited settings where cost and simplicity are prioritized foremost.
During the forecast period, the connected devices’ sub-segment is expected to grow with a notable CAGR. The major driving force of this increase is the increasing demand for remote patient monitoring and integration of digital health features. These devices often allow real-time data sharing with healthcare providers through Bluetooth or Wi-Fi. This makes them capable of supporting telehealth and chronic disease management.
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Why is North America Leading Pulse Oximeters Market in 2024?
The North America pulse oximeters market emerges as the most dominant pulse oximeters market in the world. The region's importance can be attributed to advanced healthcare infrastructure, high R&D investments, and the presence of established and prominent manufacturers in the region. Support from regulatory frameworks and national regulatory agencies’ approvals are also pivotal reasons behind the region’s dominance. The United States emerges as a hub for pulse oximeters in the North American region.
U.S. Pulse Oximeters Market
In North America, U.S. leads the pulse oximeters market especially due to its high prevalence of chronic respiratory diseases and a strong emphasis on patient monitoring. Many key players in the market such as Masimo Corporation, Nonin Medical, Inc., ICU Medical, Inc., etc. are headquartered here. National agencies like the FDA provide strong regulatory support. In January 2025, the FDA released a draft guidance to improve the accuracy of pulse oximeters for various skin tones. The recommendations called for more representative clinical studies, standardized skin tone assessment methods, and improved labeling to ensure reliable performance across skin pigmentations.
Canada Pulse Oximeters Market
Canada in North America is just behind the U.S. The country’s pulse oximeters market’s growth can also be credited to growing demand for home healthcare solutions and the increasing awareness of the importance of monitoring oxygen saturation levels. Government support for healthcare innovation and the emphasis on patient-centric care is also contributing to market development. In May 2024, Dartmouth General Hospital in Nova Scotia launched a pilot project where they used wearable pulse oximeters to monitor patients' vital signs while they wait in overcrowded ERs. If successful, the initiative may expand to other hospitals in the province. This kind of initiative is highly positive for the market’s growth.
Why is Demand for Pulse Oximeter Fueling Growth in Asia Pacific?
Asia Pacific is predicted to grow at the highest rate in the pulse oximeters market over the projection period of 2025-2032. The growth in the region is led by the improving healthcare infrastructure and growing burden of chronic diseases in this region. Countries like China, Japan, South Korea, and India are witnessing rapid expansion of healthcare facilities and greater government support for affordable diagnostics. The region is also experiencing increasing penetration of wearable health technologies and digital health initiatives. All these factors contribute to the fast rate at which the pulse oximeters market of Asia Pacific is growing.
China Pulse Oximeters Market
The China pulse oximeters market expansion can be credited to various reasons. This expansion can be attributed to a changing market landscape that is seeing an improving healthcare infrastructure expansion, and strong manufacturing capabilities. Post-pandemic, increased awareness of respiratory monitoring and demand from hospitals and home care settings have sustained high consumption levels. Heal Force Biotech, A Chinese manufacturer, introduced the FS-E2 Pulse Oximeter in February 2023. The device detects blood oxygen saturation levels for all patients, particularly designed for the elderly ones.
India Pulse Oximeters Market
India’s market growth is spurred by the growing public health awareness, integration of digital health in the country, and government healthcare schemes like Ayushman Bharat. In April 2025, Nureca Limited, an Indian manufacturer of pulse oximeters, expanded the availability of its Dr Trust healthcare products, including pulse oximeters, to Swiggy Instamart. This makes its products available across major Indian quick commerce platforms like Blinkit, Zepto and now Swiggy.
How is Europe Maintaining its Position in the Pulse Oximeter Industry?
Europe held a significant market share in 2024 and is likely to continue so during the forecast period of 2025-2032. Europe has a mature healthcare system and a significant population of the older age group. Public health initiatives in the region promote early detection and management of respiratory conditions. Technological innovations in connected and wearable devices and strong regulatory frameworks are encouraging the demand for pulse oximeters across both hospital and non-hospital care settings in the region.
Germany Pulse Oximeters Market
Germany has the largest European market for pulse oximeters. Germany has a strong medical device manufacturing base and a world-class R&D ecosystem. The country also has well-structured healthcare reimbursement policies and a growing geriatric population. It houses many key companies such as HUM GmbH, Beurer GmbH, etc. These factors enhance the scope of growth of Germany’s pulse oximeters market.
UK Pulse Oximeters Market
The UK pulse oximeters market is also experiencing steady growth. The market benefits from proactive government initiatives to expand telehealth and remote patient monitoring services. The National Health Service (NHS) integrates pulse oximetry into COVID-19 and chronic disease management programs. The UK population also has a preference for at-home care solutions. This makes the UK pulse oximeters market a highly opportune market in upcoming years.
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Pulse Oximeters Market Drivers
Prevalence of Respiratory Diseases
Growing Popularity of Home Healthcare
Pulse Oximeters Market Restraints
Inaccuracy and Reliability Issues
Regulatory and Compliance Challenges
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The global pulse oximeters market is extremely competitive worldwide, with major competitors spearheading research and growth. The market is also quite fragmented due to the presence of various global and regional manufacturers. Key players have adopted various strategies such as partnerships, new product launch & commercialization, and vertical integration for business expansion. A recent example of such a partnership is GE HealthCare’s partnership with Raydiant Oximetry in May 2025. This was done to integrate Raydiant’s Lumerah foetal pulse oximetry technology into its perinatal monitoring platforms. Further, many companies have increased their investment in R&D to innovate new products which has helped them to strengthen their position in the global market.
Emerging Trends Shaping the Future of Pulse Oximeter
Heavy investments by manufacturers are seen in the fields of advanced algorithms and sensor technologies to ensure pulse oximeters provide accurate readings for various skin tones. After regulatory bodies like the FDA had published advisories, companies like Medtronic, Masimo, etc are developing devices that remove the bias on race. This regulatory pressure creates a fostering environment for innovation in sensor design.
A recent trend among manufacturers is to obtain FDA clearance for over the counter (OTC) pulse oximeters. Many companies like Masimo and Nonin have recently launched consumer-friendly and clinically validated devices. This has bypassed the prescription barrier. It is pushing suppliers to focus on durable and intuitive designs with hospital-grade technology.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the increasing prevalence of respiratory diseases, rising geriatric population, adoption of patients monitoring devices for the treatment of COVID-19, technological advancements in these are the factors that drive the market during the forecast period. Lack of accuracy and safety associated with several oximeters is hindering market growth. Major players are focusing on their R&D to develop innovative products that have helped strengthen their position in the global market. North America is expected to dominate the global market during the forecast period due to well-established infrastructure and the adoption of technologically advanced pulse oximeters.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 2.91 Billion |
| Market size value in 2033 | USD 5.72 Billion |
| Growth Rate | 7.8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Pulse Oximeters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pulse Oximeters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Global Pulse Oximeter market size was valued at USD 2.91 Billion in 2024 and is poised to grow from USD 3.14 Billion in 2025 to USD 5.72 Billion by 2033, growing at a CAGR of 7.8% in the forecast period (2026–2033).
The global pulse oximeters market is extremely competitive worldwide, with major competitors spearheading research and growth. The market is also quite fragmented due to the presence of various global and regional manufacturers. Key players have adopted various strategies such as partnerships, new product launch & commercialization, and vertical integration for business expansion. A recent example of such a partnership is GE HealthCare’s partnership with Raydiant Oximetry in May 2025. This was done to integrate Raydiant’s Lumerah foetal pulse oximetry technology into its perinatal monitoring platforms. Further, many companies have increased their investment in R&D to innovate new products which has helped them to strengthen their position in the global market. 'Medtronic plc (Ireland)', 'Masimo Corporation (United States)', 'Koninklijke Philips N.V. (Netherlands)', 'Nonin Medical, Inc. (United States)', 'Nihon Kohden Corporation (Japan)', 'GE Healthcare (United States)', 'Contec Medical Systems Co., Ltd. (China)', 'ICU Medical, Inc. (United States)', 'Drägerwerk AG & Co. KGaA (Germany)', 'OSI Systems Inc. (United States)', 'Honeywell International Inc. (United States)', 'Meditech Group (China)', 'Medline Industries, LP (United States)', 'Choicemmed (China)', 'Nureca Limited (Dr Trust) (India)', 'Shanghai Berry Electronic Tech Co., Ltd. (China)', 'Promed Group Co., Ltd. (China)', 'HUM GmbH (Germany)', 'Beurer GmbH (Germany)', 'Shenzhen Aeon Technology Co., Ltd. (China)'
The burden of respiratory conditions such as COPD, asthma, and sleep apnea has been on the rise across the globe. According to the WHO, asthma affected approximately 262 million people in 2019. A study in JAMA estimated the global COPD prevalence to reach 600 million cases worldwide by 2050 which is a 23% rise from 2020 numbers. This creates a need for pulse oximeters so that these devices can provide monitoring of oxygen saturation in real-time. The devices hold special importance for chronic disease management. The growing aging population, which is more prone to respiratory illnesses, also validates the need for continuous SpO₂ monitoring at home and in clinical settings.
Regulatory Emphasis on Racial Equity is Creating a New Wave of Innovation:
Why is North America Leading Pulse Oximeters Market in 2024?
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