Pulse Oximeter Market: Business overview, Upcoming Trends and Top Company Analysis Forecast - 2031

Global pulse oximeter market is anticipated to grow at a CAGR of 7.7% during the forecast period (2024-2031). FDA approval expands the market by regulating healthcare device laws, correcting erroneous readings in unregulated pulse oximeters, and ensuring that devices meet international standards for accuracy and reliability. For instance, in February 2024, the FDA cleared a fingertip pulse oximeter for home use, allowing consumers, including those with COPD, to check their blood oxygen levels. Pulse oximeters measure oxygen saturation and heart rate and have been widely available for years.

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In May 2024, Masimo obtained FDA clearance for its Stork Over the Counter (OTC) Baby Monitoring System. This is a system that allows parents or caregivers to monitor healthy infants from 0 to 18 months without a prescription. The device tracks an infant's oxygen saturation level, pulse rate, and skin temperature. If the readings go outside of their present range, the device alarms the caregivers.

In August 2024, Masimo received FDA 510(k) clearance for its Masimo W1 medical watch, which can be applied to its telemonitoring solution. It uses a single-channel electrocardiogram and pulse oximeter sensor that monitors physiological signals. Its physiological signals are transmitted wirelessly from the wrist to caregivers in a smartphone app.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
o By Product Type

o By End-User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape - GE HealthCare Technologies Inc., Koninklijke Philips N.V., Medtronic Inc., Nihon Kohden Corp.

Key questions addressed by the report.

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Pulse Oximeter Market Report Segment

By Product Type

Portable Pulse Oximeters (fingertip and wearable)
Handheld Oximeter
Others (Tabletop Pulse Oximeters, Pediatric and Neonatal Oximeters, and Smartphone-Connected Oximeters)

By End-User

Hospitals
Homecare
Others (ASCs and Clinics)

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