Pulse Oximeters Market Size, Share & Trends Report

Pulse Oximeters Market Size, Share & Trends Analysis Report By Type (Fingertip, Handheld), By End Use (Hospitals & Healthcare Facilities, Homecare), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-1-68038-766-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 100

Industry Insights

The global pulse oximeters market size was valued at USD 1.8 billion in 2018 and is projected to register a CAGR of 6.3% over the forecast period. The huge burden of healthcare costs and lack of defined reimbursement policies push patients to opt for home care. This boosts the demand for remote patient monitoring devices, which is anticipated to drive the demand for pulse oximeters.

Continuous patient monitoring incurs additional costs, which can be challenging in a limited healthcare budget. This can be tackled by spot-checking using handheld or fingertip oximeter. Readmission is a major problem faced by COPD patients and is estimated to annual cost of USD 25 billion. This results in accelerated demand for oximeters which can monitor the patients and remotely send the data to doctor.

U.S. pulse oximeters market

Technological advancements and rapid approvals are the key drivers for the market. For instance, in February 2014, Masimo launched iSpO2 pulse oximeter, which is compatible with Android devices. Moreover, in May 2014, the European regulatory body approved Masimo’s iSpO2 Rx Pulse Oximeter, which is compatible with Android and Apple operating systems. In June 2015, the company also received CE mark for the device.

The industry is also witnessing dynamic merger and acquisition activities. For instance, In November 2013, CareFusion Corp. acquired Vital Signs division from GE Healthcare from U.S., China, and other locations. The transaction was worth USD 500 million and was expected to expand the size of specialty disposable business.

In August 2018, Philips acquired Xhale Assurance, Inc.-a scale-up company developing next-generation sensor technologies. Their pulse oximetry sensor can measure heart rate and blood oxygenation level under low perfusion pressure, which is difficult for a conventional fingertip pulse oximeter to measure. The technology will help Philips to expand and differentiate its existing product portfolio.

Type Insights

Based on the type, the pulse oximeters market is segmented into fingertip, handheld, and others. The handheld segment led the market in 2018 due to the rising number of surgeries and use of vital stats monitoring devices during every procedure. Moreover, early detection of chronic diseases helps the treatment and can reduce further complications. Furthermore, monitoring the risk factors can also be beneficial to avoid the occurrence of diseases. Rising awareness about the importance of monitoring is anticipated to boost the growth.

Fingertip pulse oximeters are also gaining popularity and the segment is anticipated to register the fastest register the fastest CAGR during the forecast period. The noninvasive nature of these devices makes them a preferred option, especially for infants and neonates. These devices are battery operated and are available in various memory capacities. Innovative additions to the oximeter technology is a driving factor for this segment. Additional features, such as Bluetooth, alarm system, extensive memory, and easy transfer of data increase the efficiency of the product.

Industry players introduce new products with additional features to remain in the competition. For instance, in June 2015, Masimo also launched MightySat Rx Pulse Oximeter, which was compatible with smartphones and tablets. The product helps clinicians track up to 12 hours of patient data, thereby, helping them monitor the patient remotely.

End-use Insights

Hospitals and other healthcare facilities segment held the dominant market share in 2015. The presence of a large patient base with target diseases, such as COPD, hypertension, sleep apnea, and cardiac arrhythmia, thereby boosting the demand for vital stats monitoring devices.

Global pulse oximeters market

However, the homecare segment is estimated to increase at a rapid rate over the forecast period. The use of pulse oximeters in hospice and palliative care, mainly to maintain patient comfort and to improve the quality of life to aid conventional treatment, especially in case of pulmonary fibrosis. For monitoring oxygen levels in case of emergencies, patients in hospice care are mostly monitored by fingertip or wrist pulse oximeters.

Regional Insights

North America led the market in 2018 and followed by Europe. Pulse oximetry screening can detect problems and can avoid the risk of serious complications in the first few weeks of life of the infants. This has resulted in making it mandatory for newborn screening in the U.S. before their discharge from hospitals.

The American Academy of Pediatrics had recommended these devices to be a part of newborn screening for CCHD since 2011, which was implemented in 2014. This is anticipated to be a key driver for the regional market over the forecast period.

Asia Pacific is anticipated to observe the fastest growth in the forthcoming years. This can be attributed to the increasing awareness about patient safety during surgery and anesthesia, which has compelled governments and hospitals to include pulse oximetry in their treatments. Institutes such as the Indian Society of Anesthesiologists advocate the use of pulse oximeters during any procedure wherein the patient is anesthetized.

Pulse Oximeters Market Share Insights

There is increase in the development of new products as many companies launch their products with improved technology at various geographical locations. In January 2017, Masimo launched two patient monitoring products in India, namely, Rad-97 Pulse-CO Oximeter and SedLine Brain Function Monitoring. These products are expected to improve the patient monitoring capabilities of clinicians.

Mergers and acquisitions and approval of products by the regulatory bodies of different countries are also some of the key strategic initiatives undertaken by the major industry players. For instance, in September 2018, Masimo announced the FDA approval of rainbow Acoustic Monitoring RAS-45 Sensor, a noninvasive respiration rate measurement system for infant and neonatal patients. Masimo also received FDA clearance for forehead sensor in late 2016 and CE mark for RAS-45 in mid-2016.

In April 2018 Opto Circuits (India) Limited announced that Unetixs Vascular, Inc., USA, a developer of noninvasive vascular technology and Opto Circuit’s subsidiary has launched the latest technology in MultiLab vascular system, called the Innovative Series II LHS ROODRA. The system will offer one-touch functional vascular system and provide a touchscreen monitor on a multi-axis mount for correct usage.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America,& MEA

Country scope

U.S., Canada, U.K., Germany, Japan, China, Brazil, Mexico, & South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors & trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global pulse oximeters market report on the basis of type, end use, and region:

  • Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Fingertip

    • Handheld

    • Others

  • End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Hospitals and Other Healthcare Facilities

    • Homecare

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

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