Dublin, June 20, 2023 (GLOBE NEWSWIRE) -- The "Pulse Oximeter Market Size, Share & Trends Analysis Report By Product Type (Fingertip pulse oximeters, Handheld pulse oximeters), By Type, By Age Group, By Technology, By End-use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global pulse oximeter market size is expected to reach USD 3.9 billion by 2030, registering a CAGR of 6.4% from 2023 to 2030.
The pulse oximeter industry is anticipated to witness exponential growth opportunities owing to technological advancements and rising demand for minimally invasive devices. In addition, the market is also driven by the increased focus towards continuous patient monitoring during diagnosis and treatment.
Moreover, increasing innovation and rising product approvals are expected to provide lucrative growth opportunities for the market in the coming years. The COVID-19 pandemic has significantly driven the global market as oximetry is the crucial method to measure blood oxygen saturation.
The increasing prevalence of chronic respiratory diseases such as COPD, asthma, sleep apnea, cystic fibrosis, and other respiratory infections are expected to drive the market at certain extent as oxygen saturation is a vital parameter in COPD and asthma and pulse oximeters can accurately measure the blood oxygen levels in such patients. According to the American Lung Association, COPD is the leading reason for death in the U.S. and more than 12.5 million people have been diagnosed with COPD and several other patients may have this condition without even knowing about it.
Moreover, technological advancements in terms of accuracy, safety and automation are anticipated to cater to market growth throughout the forecast period. Manufacturers are emphasizing on developing automated, wireless, and remote oximeters for self-monitoring thereby reducing hospitalization and physician visits. For instance, in December 2021, Teli Health announced the delivery of its first U.S. FDA-approved 4G connected oximeter. This newly introduced oximeter is suitable for remote patient monitoring.
Furthermore, emerging economies are anticipated to offer lucrative growth opportunities to medical device manufacturers operating in the pulse oximeters industry. Governments like China and India are continuously bolstering their investments in healthcare modernization and value-based care systems.
In addition, the market players are devising novel operating strategies in emerging nations to strengthen their business avenues.
For instance, in October 2022 Max Ventilator announced niche expansion through the launch of intelligent devices including ECG, monitors, and pulse oximeters.
Companies Mentioned
- Medtronic
- Masimo
- Koninklijke Philips N.V.
- General Electric
- Nonin
- NIHON KOHDEN CORPORATION
- ICU Medical, Inc.
- OSI Systems, Inc.
- Dragerwerk AG & Co. KGaA
Pulse Oximeter Market Report Highlights
- In 2022. The handheld pulse oximeters segment held the largest share of 39.0% owing to the high burden of respiratory diseases, increasing number of hospitalizations, and easier use of handheld pulse oximeters during emergencies
- The fingertip pulse oximeters segment is anticipated to register the fastest growth rate because of the rising demand for continuous patient monitoring at home settings, higher patient awareness, and the surging trend of preventive healthcare
- The adult sub-segment dominated the age group segment in 2022 whereas the pediatric sub-segment is anticipated to exhibit lucrative CAGR during the forecast period
- In 2022. The hospitals and other healthcare facilities segment accounted for the largest revenue share of 81.4% due to the rising number of hospitalizations requiring continuous patient monitoring systems
- North America dominated the market in 2022 due to the high prevalence of target diseases, improvement in healthcare infrastructure, and increasing awareness of efficient patient monitoring devices
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.4 Billion |
| Forecasted Market Value (USD) by 2030 | $3.9 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Pulse Oximeter Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market
3.2 Market Dynamics
3.2.1 Market drivers analysis
3.2.2 Market restraint analysis
3.3 Penetration & Growth Prospect Mapping
3.4 Pulse Oximeter: Market Analysis Tools
3.4.1 Industry analysis - Porter's
3.4.2 PESTLE analysis
3.5 Regulatory Framework
Chapter 4 Pulse Oximeter Market Segment Analysis, By Type, 2016 - 2030 (USD Million)
4.1 Definition and Scope
4.2 Type Market Share Analysis, 2022 & 2030
4.3 Segment Dashboard
4.4 Global Pulse Oximeter Market, by Type, 2016 to 2030
4.5 Market Size & Forecasts and Trend Analyses, 2016 to 2030
4.5.1 Disposable Sensors
4.5.1.1 Disposable sensors market estimates and forecast, 2016 - 2030 (USD Million)
4.5.2 Reusable Probes
4.5.2.1 Reusable probes market estimates and forecast, 2016 - 2030 (USD Million)
Chapter 5 Pulse Oximeter Market Segment Analysis, By Product Type, 2016 - 2030 (USD Million)
5.1 Definition and Scope
5.2 Product Type Market Share Analysis, 2022 & 2030
5.3 Segment Dashboard
5.4 Global Pulse Oximeter Market, by Product Type, 2016 to 2030
5.5 Market Size & Forecasts and Trend Analyses, 2016 to 2030
5.5.1 Fingertip pulse oximeters
5.5.1.1 Fingertip pulse oximeters market estimates and forecast, 2016 - 2030 (USD Million)
5.5.2 Handheld pulse oximeters
5.5.2.1 Handheld pulse oximeters market estimates and forecast, 2016 - 2030 (USD Million)
5.5.3 Others
5.5.3.1 Others market estimates and forecast, 2016 - 2030 (USD Million)
Chapter 6 Pulse Oximeter Market Segment Analysis, By Age Group, 2016 - 2030 (USD Million)
6.1 Definition and Scope
6.2 Age Group Market Share Analysis, 2022 & 2030
6.3 Segment Dashboard
6.4 Global Pulse Oximeter Market, by Age Group, 2016 to 2030
6.5 Market Size & Forecasts and Trend Analyses, 2016 to 2030
6.5.1 Adult
6.5.1.1 Adult market estimates and forecast, 2016 - 2030 (USD Million)
6.5.2 Pediatric
6.5.2.1 Pediatric market estimates and forecast, 2016 - 2030 (USD Million)
Chapter 7 Pulse Oximeter Market Segment Analysis, By Technology, 2016 - 2030 (USD Million)
7.1 Definition and Scope
7.2 Technology Market Share Analysis, 2022 & 2030
7.3 Segment Dashboard
7.4 Global Pulse Oximeter Market, by Technology, 2016 to 2030
7.5 Market Size & Forecasts and Trend Analyses, 2016 to 2030
7.5.1 Conventional
7.5.1.1 Conventional market estimates and forecast, 2016 - 2030 (USD Million)
7.5.2 Connected Devices
7.5.2.1 Connected devices market estimates and forecast, 2016 - 2030 (USD Million)
Chapter 8 Pulse Oximeter Market Segment Analysis, By End-Use, 2016 - 2030 (USD Million)
8.1 Definition and Scope
8.2 End-Use Market Share Analysis, 2022 & 2030
8.3 Segment Dashboard
8.4 Global Pulse Oximeter Market, by End-Use, 2016 to 2030
8.5 Market Size & Forecasts and Trend Analyses, 2016 to 2030
8.5.1 Hospitals and other healthcare facilities
8.5.1.1 Hospitals and other healthcare facilities market estimates and forecast, 2016 - 2030 (USD Million)
8.5.2 Homecare
8.5.2.1 Homecare market estimates and forecast, 2016 - 2030 (USD Million)
Chapter 9 Pulse Oximeter Market Segment Analysis, By Region, 2016 - 2030 (USD Million)
Chapter 10 Pulse Oximeter Market - Competitive Analysis
10.1 Recent Developments & Impact Analysis, by Key Market Participants
10.2 Company Categorization
10.3 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/stiu57
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