Pulse Oximeter Market Report: Trends, Forecast and Competitive Analysis to 2030

Pulse Oximeter Trends and Forecast

The future of the global pulse oximeter market looks promising with opportunities in the hospital, home care, and ambulatory care markets. The global pulse oximeter market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing incidence of respiratory diseases, growing cases of congenital heart disease (CHD) in children, and surging number of surgical procedures and hospitalizations.

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Pulse Oximeter by Segment

The study includes a forecast for the global pulse oximeter by technology, type, end use, and region

Pulse Oximeter Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Conventional Devices
• Connected Devices

Pulse Oximeter Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Portable Pulse Oximeters
• Bedside/ Tabletop Pulse Oximeters

Pulse Oximeter Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Home Care
• Ambulatory Care

Pulse Oximeter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Pulse Oximeter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pulse oximeter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pulse oximeter companies profiled in this report include-

• Medtronic
• Masimo
• Koninklijke Philips N.V.
• General Electric
• Nonin
• Nihon Kohden Corporation
• ICU Medical
• OSI Systems
• CONTEC Medical Systems
• Dragerwerk

Pulse Oximeter Market Insights

Lucintel forecast that connected devices is expected to witness the highest growth due to growing adoption of connected medical device and rising demand for continuous patient monitoring in ambulance settings and homecare.

Within this market, hospitals will remain the largest segment due to growing number of hospitalizations, which needs continuous patient monitoring systems.

APAC is expected to witness highest growth over the forecast period due to the increasing prevalence of respiratory diseases and presence of major players in this region.

Features of the Global Pulse Oximeter Market

Market Size Estimates: Pulse oximeter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Pulse oximeter market size by technology, type, end use, and region in terms of value ($B).

Regional Analysis: Pulse oximeter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, types, end uses, and regions for the pulse oximeter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pulse oximeter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the pulse oximeter market size?

Answer: The global pulse oximeter market is expected to reach an estimated $4.2 billion by 2030.

Q.2 What is the growth forecast for pulse oximeter market?

Answer: The global pulse oximeter market is expected to grow with a CAGR of 6.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the pulse oximeter market?

Answer: The major drivers for this market are increasing incidence of respiratory diseases, growing cases of congenital heart disease (CHD) in children, and surging number of surgical procedures and hospitalizations.

Q4. What are the major segments for pulse oximeter market?

Answer: The future of the pulse oximeter market looks promising with opportunities in the hospital, home care, and ambulatory care markets.

Q5. Who are the key pulse oximeter market companies?

Answer: Some of the key pulse oximeter companies are as follows:

• Medtronic
• Masimo
• Koninklijke Philips N.V.
• General Electric
• Nonin
• Nihon Kohden Corporation
• ICU Medical
• OSI Systems
• CONTEC Medical Systems
• Dragerwerk

Q6. Which pulse oximeter market segment will be the largest in future?

Answer: Lucintel forecast that connected devices is expected to witness the highest growth due to growing adoption of connected medical device and rising demand for continuous patient monitoring in ambulance settings and homecare.

Q7. In pulse oximeter market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to the increasing prevalence of respiratory diseases and presence of major players in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the pulse oximeter market by technology (conventional devices and connected devices), type (portable pulse oximeters and bedside/ tabletop pulse oximeters), end use industry (hospitals, home care, and ambulatory care), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?