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Pulse Oximeters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A2227
Market Overview:
The global pulse oximeters market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
A pulse oximeter refers to a medical device that is used to monitor the oxygen levels in the patient’s blood. It is a small clip-like device that is externally attached to the individual’s finger, toe or earlobe to detect the timing and levels when the oxygen drops below the adequate levels. It is commonly used for monitoring pulse during surgical procedures, emergencies, treatments and recovery in hospital wards. The device determines the percentage of oxygen in the red blood cells by using a cold light source that transmits light through the point of contact and analyzes the amount of light that can pass to reach the other end.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The increasing prevalence of chronic medical ailments, along with the rising geriatric population across the globe, is one of the key factors driving the growth of the market. Furthermore, growing preference for non-invasive medical devices and procedures by both patients and healthcare providers is also providing a boost to the market growth. The widespread adoption of portable and wearable oximeter variants, especially among chronic obstructive pulmonary disease (COPD) patients, is contributing to the product demand. Additionally, various technological advancements, including the improvements in microprocessor technology, light-emitting diodes and photoelectric sensors for enhanced accuracy and reliability of pulse oximeters, are acting as another growth-inducing factor. Other factors, including rising healthcare expenditures, the integration of oximeters with artificial intelligence (AI) and the advent of variants that are compatible with Android and Apple operating systems for maintaining electronic medical records (EMR), are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pulse oximeters market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, sensor type and end-use.
Breakup by Type:
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- Fingertip Pulse Oximeters
- Handheld Pulse Oximeters
- Wrist-worn Pulse Oximeters
- Others
Breakup by Sensor Type:
- Reusable
- Disposable
Breakup by End-Use:
- Hospitals and Clinics
- Ambulatory Surgery Centers
- Home Healthcare
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the top pules oximeters companies being CAS Medical Systems Inc. (Edward Lifesciences), Contec Medical Systems Co. Ltd., Koninklijke Philips NV, Masimo, Medtronic Plc, Nonin Medical Inc., Opto Circuits (India) Ltd., Smiths Medical Group Limited (ICU Medical Inc.), Spacelabs Healthcare (OSI Systems) and Welch Allyn (Hill-Rom Holdings, Inc.).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Sensor Type, End-Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | CAS Medical Systems Inc. (Edward Lifesciences), Contec Medical Systems Co. Ltd., Koninklijke Philips NV, Masimo, Medtronic Plc, Nonin Medical Inc., Opto Circuits (India) Ltd., Smiths Medical Group Limited (ICU Medical Inc.), Spacelabs Healthcare (OSI Systems) and Welch Allyn (Hill-Rom Holdings, Inc.) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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