Top Companies in the Pulse Oximeters Industry

The global pulse oximeters market reached a value of US$ 2.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2032, exhibiting a CAGR of 6.1% during 2024-2032. As per the analysis by IMARC Group, the top pulse oximeters companies are focusing on introducing improvements in the microprocessor technology, light-emitting diodes and photoelectric sensors for enhanced accuracy and reliability of pulse oximeters. Extensive research and development (R&D) and clinical trials have also led to the advent of efficient variants in the market.

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Top Companies Operating in the Global Pulse Oximeters Market

CAS Medical Systems Inc. (Edward Lifesciences)

Establishment: 1984
Headquarter: Irvine, California, United States

CAS Medical Systems Inc. is a full-service medical device company that manufactures, develops and distributes high-quality neonatal supplies, blood pressure measurement and other monitoring devices that are the first choice of health care professionals around the world. It also provides top-quality products to hospitals, emergency medical services, home care providers and original equipment manufacturers (OEMs). The company works closely with healthcare providers to deliver and support products that significantly improve the quality of patient care. Moreover, it has earned a reputation for providing innovative, reliable products at competitive prices and backing them up with expert technical support. In 2019, Edward Lifesciences entered into a definitive merger agreement to acquire CAS Medical Systems, Inc.

CONTEC Medical Systems Co. Ltd.

Establishment: 1992
Headquarter: Qinhuangdao, China

CONTEC Medical Systems Co., Ltd. is a high-tech company that focuses on research, manufacture and distribution of medical instruments. CONTEC is located in the Economic & Technical Development Zone in Qinhuangdao, which is one of the largest bases for R&D and production of medical devices. It has developed more than 20-category products containing pulse oximeter, sphygmomanometer, ECG, EEG, ultrasound equipment and patient monitor and image equipment. At present, CONTEC products were distributed to over 130 countries and regions. Moreover, the company owns more than 100 national patents, 56 software copyrights, and its products have passed CE, FDA and COS/VIOS certifications.

Koninklijke Philips NV

Establishment: 1891
Headquarter: Amsterdam, Netherlands

 Koninklijke Philips NV is a health technology company focused on improving people's health across the health continuum from healthy living and prevention, to diagnosis, treatment, and home care. The company offers products and services in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, and in consumer health and home care. Over the past decade, it has transformed into a focused leader in health technology with the aim to improve 2.5 billion lives per year by 2030, including 400 million in underserved communities.

Masimo Medtronic Plc

Establishment: 1989
Headquarter: Irvine, California, United States

Masimo is a global medical technology company that develops and manufactures innovative noninvasive patient monitoring technologies, medical devices, and a wide array of sensors. Today, Masimo is publicly traded and employs over 5,300 people worldwide, with annual revenues of more than $900 million. Licensing agreements allow Masimo technology to work inside monitoring devices from a host of manufacturers, including Philips, Atom, Mindray North America, GE Medical, Spacelabs, and Zoll.

Nonin Medical Inc.

Establishment: 1986
Headquarter: Plymouth, Minnesota, USA

Nonin Medical was founded by Phil Isaacson and a team of three engineers. Their goal was to make noninvasive healthcare measuring devices more reliable and affordable. Nonin Medical has designed and manufactured noninvasive patient monitoring devices for healthcare professionals and individual users. Nonin pulse oximeters, regional oximeters, capnographs, sensors, and software deliver dependable performance day after day, even in challenging environments. Today, Nonin is a global leader in medical monitoring with partners and customers in more than 125 countries. The exclusive technologies are clinically proven to deliver consistent measurements for a broad range of patients and conditions. As the original maker of finger pulse oximeters, Nonin has played a crucial role in advancing the field of physiological monitoring.

Opto Circuits Limited

Establishment: 1992
Headquarter: Bengaluru, India

Opto Circuits (India) Limited is an export-trading house that was established as a private limited company. It operates in the medical electronics space and manufactures optical sensors, security systems and optoelectronic equipment. The company also undertakes the design of optoelectronic devices and manufactures a range of healthcare equipment like pulse oximeter and multi-parameter, which monitors pulse oximeter sensors, digital thermometers, cholesterol levels and fluid warmers.

Smiths Medical, Inc.

Establishment: 1940
Headquarter: Minneapolis, Minnesota, United States

Smiths Medical is a leading global manufacturer of specialty medical devices that provides innovative and lifesaving solutions for the world’s healthcare markets. It helps in improving and saving the lives of patients through high-quality, innovative medical devices and services by specializing in infusion therapy, vascular access, vital care, and specialty products & services. The company’s products are found in hospital, emergency, home and specialty care environments and are used during critical and intensive care, surgery, post-operative care and for support in managing chronic illness.

Spacelabs Healthcare (OSI Systems)

Establishment: 1958
Headquarter: Snoqualmie, Washington, United States

Spacelabs Healthcare, a subsidiary of OSI Systems, Inc., started as co-founders Ben L. Ettelson and James A. Reeves began working with the US Air Force and NASA. Its pioneering innovations in real-time telemetry enable health monitoring and diagnostics for people and patients across the care continuum. The company offers a broad portfolio of innovative patient monitoring solutions to support better clinical decisions and improve patient care. Spacelabs Healthcare designs and manufactures acute care patient monitoring, diagnostic cardiology, and clinical networking solutions for use in hospitals, medical clinics, and physician offices. On the other hand, the diagnostic cardiology systems of the company include Holter recorders and analyzers, ambulatory blood pressure monitors, electrocardiography (ECG) devices, stress event data management systems and related software and services.

Welch Allyn (Hill-Rom)

Establishment: 1915
Headquarter: Chicago

Welch Allyn is a leading global manufacturer of medical diagnostic equipment with a wide range of connected solutions. With nearly 2,500 employees working in 26 different countries, the company focuses on the customer and imagines how healthcare will be delivered in the future to develop tools and future-proof technologies. Its customers include physicians’ practices, community clinics, skilled nursing facilities and emergency departments, where 95 percent of patients first seek medical treatment. Moreover, through the acquisition of Welch Allyn, Hill-Rom expects to play an even greater role in improving patient care globally and achieving greater levels of efficiency and reducing healthcare costs for its customers.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the pulse oximeter industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development