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Pulse Oximeters Market size was valued at USD 1.6 billion in 2019 and is poised to grow from USD 1.72 billion in 2023 to USD 3.12 billion by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

The pulse oximeters market is fragmented due to presence of various and regional manufacturers. Key players are adopted various strategies such as partnerships, new product launch & commercialization, vertical integration for business expansion. Further, these players are increased their investment in R&D to innovate new products which help them to strengthen their position in the market. 'GE Healthcare', 'Smiths Medical', ' Masimo Corporation ', ' Medtronic plc ', ' Koninklijke Philips N.V. ', ' Nonin Medical Inc. ', ' Nihon Kohden Corporation ', ' Welch Allyn Inc. ', ' Mindray Medical International Limited ', ' Spacelabs Healthcare Inc. ', ' Becton, Dickinson and Company ', ' CAS Medical Systems, Inc. ', ' Criticare Systems, Inc. ', ' Edwards Lifesciences Corporation ', ' Opto Circuits Limited ', ' Zensorium Pte Ltd. ', ' Contec Medical Systems Co. Ltd. ', ' ChoiceMMed America Co. Ltd. ', ' DeVilbiss Healthcare LLC ', ' Beurer GmbH. '

Increasing Use of Patients Monitoring Devices

Technological advancements in pulse oximeters such as transfer of data, extensive memory, alarm system, and Bluetooth connectivity are the upcoming trends in the pulse oximeters market. For example, EMAY Bluetooth Pulse Oximeter is a blood oxygen saturation and pulse rate monitor with Bluetooth capability. The EMAY app provided allows you to view and record the data wirelessly via Bluetooth, review your spO2 at any point in time, and generate professional reports to share easily.

North America is expected to dominate the market during the forecast period. The growth of this region is attributed to increasing adoption of wireless pulse oximeters, rising uses of oximeters in home healthcare, well-established infrastructure, growing prevalence of chronic diseases and heart patients, increasing healthcare expenditure. In addition, the surge in hospital admissions & ASCs and the presence of strong players in this region is also contributes significantly to the market growth.

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Global Pulse Oximeters Market

Product ID: SQMIG35A2211