2025 Pulse Oximeter Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Pulse Oximeter Industry Market Size Be by 2025?
In the last few years, the pulse oximeter market has seen consistent growth. Its size is projected to increase from $2.64 billion in 2024 to $2.73 billion in 2025, displaying a compound annual growth rate (CAGR) of 3.6%. The growth witnessed during the historic period can be associated with factors such as the increasing number of elderly individuals, the surge in respiratory diseases, enhancements in hospital and healthcare infrastructure, increased awareness and education, and the impact of the global pandemic.

What's the Long-Term Growth Forecast for the Pulse Oximeter Market Size Through 2029?
The market size for pulse oximeters is projected to undergo significant expansion in the upcoming years, with an expected value of $3.48 billion by 2029 and a compound annual growth rate (CAGR) of 6.2%. This considerable growth during the forecast period can be credited to its application in wearable devices, readiness for worldwide health crises, initiatives in healthcare by the government, monitoring of health and wellness, and preparedness for global health crises. The forecast period is likely to witness major trends such as the inclusion of telehealth, progress in technology, focus on home healthcare, intelligent features and connectivity, as well as remote tracking for patients with chronic illnesses.

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What Are the Key Growth Drivers Fueling the Pulse Oximeter Market Expansion?
The rising number of respiratory disease cases is anticipated to fuel the expansion of the pulse oximeter market. Respiratory diseases pertain to disorders involving the lungs and airways that hinder the human respiratory process. The escalating prevalence of these diseases is primarily triggered by factors such as growing air pollution, dust exposure, the aging population, and smoking habits. In these situations, pulse oximeters are instrumental in detecting shifts in oxygen saturation levels before the onset of visible symptoms. For example, the National Center for Biotechnology Information, a government agency in the United States, projected in December 2023 that the COPD cases would increase by 112 million, summing up to 592 million by 2050. This would account for 9.5% of the suitable population. Hence, the increasing occurrence of respiratory diseases is propelling the pulse oximeter market's growth.

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What Long-Term Trends Will Define the Future of the Pulse Oximeter Market?
Prominent businesses operating in the pulse oximeter sector are concentrating on incorporating technological advancements, for instance, pulse oximeters with cellular connectivity, to improve their patient monitoring and data gathering practices. A cell-connected pulse oximeter is a specific type of pulse oximeter which comes with cellular-connectivity capabilities, enabling it to send data to healthcare providers or cloud-based health systems through wireless cellular networks like 4G or 5G. As an illustration, in August 2024, Prevounce Health LLC, a company based in the US and known for developing a remote monitoring system, introduced the Pylo OX1-LTE. This cellular-connected pulse oximeter is made for remote patient monitoring (RPM). It aims to serve patients suffering from long-term respiratory ailments like COPD and asthma, as well as COVID-19 impacted patients. The device boasts trustworthy cellular connectivity, accurate SpO2 and pulse rate measures and a user-friendly layout with a clear OLED display. It integrates effortlessly with the remote care management system of Prevounce and can be connected to third-party health software through the Pylo Cloud API.

How Is the Pulse Oximeter Market Segmented?
The pulse oximeter market covered in this report is segmented -

1) By Product Type: Fingertip, Handheld, Wrist-worn, Table-Top And Bedside
2) By Technology: Conventional, Connected
3) By Age Group: Adult, Pediatric
4) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Home Healthcare

Subsegments:
1) By Fingertip: Adult Fingertip Oximeters, Pediatric Fingertip Oximeters
2) By Handheld: Single-Patient Handheld Oximeters, Multi-Patient Handheld Oximeters
3) By Wrist-Worn: Continuous Monitoring Wrist Oximeters, Spot-Check Wrist Oximeters
4) By Table-Top And Bedside: Portable Table-Top Oximeters, Stationary Bedside Oximeters

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Which Companies Are Leading the Charge in Pulse Oximeter Market Innovation?
Major companies operating in the pulse oximeter market include Medtronic Plc, GE Healthcare, Masimo Corporation, Nonin Medical Inc., Nihon Kohden Corporation, Koninklijke Philips NV, Philips Healthcare, Contec Medical Systems Co. Ltd., Omron Corporation, Carefusion Corp., CAS Medical Systems Inc., Opto Circuits India Ltd., Welch Allyn Inc., Spacelabs Healthcare, Meditech Equipment Co. Ltd., Vyaire Medical Inc., Beurer GmbH, Drägerwerk AG & Co. KGaA, ICU Medical Inc., Smiths Medical, Mindray Medical International Limited, Criticare Systems Inc., BPL Medical Technologies, ChoiceMMed America Co. Ltd., Beijing Choice Electronic Technology Co. Ltd., Creative Medical, Edan Instruments Inc., Heal Force Bio-Meditech Holdings Limited, Mediana Co. Ltd., Medlab Clinical Ltd.

Which Regions Are Leading the Global Pulse Oximeter Market in Revenue?
North America was the largest region in the pulse oximeter market in 2024. The regions covered in the pulse oximeter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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