Pulse Oximeters Market Size, Share, and Trends 2025 to 2034

Pulse Oximeters Market Size and Forecast 2025 to 2034

The global pulse oximeters market size was estimated at USD 2.49 billion in 2024 and is anticipated to reach around USD 6.08 billion by 2034, expanding at a CAGR of 9.33% from 2025 to 2034. The growing demand in the pulse oximeters market can be attributed to increasing instances of respiratory illnesses and an increasingly geriatric population which requires regular monitoring of blood oxygen levels.

Pulse Oximeters Market Key Takeaways

• North America has held the maximum market share of 49% in 2024.
• By end-use, the hospitals segment had the major market in 2024.
• By end-use, the home healthcare segment is expected to expand at the fastest CAGR over the projected period.
• By product type, the tabletop oximeters held the largest market share of the market in 2024.

Impact of AI on the market

Pulse oximetry is a non-invasive means of monitoring blood oxygen saturation, which provides vital information for the respiratory function of patients. Artificial intelligence has revolutionized the study of PPG signals and then provided very high accuracy and reliability to the process. AI-enhanced PPG analysis would improve the clinical outcome for patients in anesthesia, intensive care, peri-operative medicine, and other similar settings. This is usually to offer more accurate measurements under difficult conditions like motion or very poor perfusion. It gets better at handling variability and noise in PPG signals bringing the added potential benefit of robust, non-invasive monitoring of blood oxygen levels under different clinical scenarios. Innovations in AI techniques will overcome present limitations by providing solutions for such conditions for real-time monitoring in various environmental and physiological conditions.

U.S. Pulse Oximeters Market Size and Growth 2025 to 2034

The U.S. pulse oximeters market size was valued at USD 854.07 million in 2024 and is expected to reach USD 2121.76 million by 2034, growing at a CAGR of 9.57% from 2025 to 2034.

North American region is anticipated to dominate the market with the market share of 49% in 2024. Factors, such as an increase in the prevalence of respiratory disorders, availability of advanced healthcare facilities in North American countries, and growth in awareness among patients regarding cost-effective pulse oximeters are responsible for the market growth.

The Asia Pacific region is expected to grow at the fastest growth rate due to the high occurrence of chronic disease across the region. Moreover, a high population, augmented incomes levels, and enhancement in patient consciousness for cutting-edge pulse oximeters would further upsurge market growth. The Middle East & Africa region is projected to show a sizable growth rate during the prediction period.

Pulse Oximeters Market Growth Factors

• Numerous benefits offered by pulse oximeters such as portability, connectivity, and compact size are triggering the market growth across the world. Furthermore, the increasing demand for consistent vital stats monitoring and rising emphasis on patient safety during anesthesia is projected to drive the growth of the pulse oximeter market. Moreover, pulse oximeter market growth is mainly driven by the growing adoption of oximeters in critical care, childbirth, surgery, neonatal, anesthesia, & pediatric care and technological advancements in oximeters. However, an increase in healthcare expenditure in the developing countries and high demand for proactive monitoring are anticipated to create new opportunities for market players in the near future. Nevertheless, the dearth of awareness in developing regions is expected to hinder the market growth.
• Escalating implementation of wireless pulse oximeters by home consumers and clinicians is projected to spur the sale of pulse oximeters worldwide. Portability offered by wireless pulse oximeters is propelling growth of finger-top and wrist pulse oximeters, specifically in home care situations. Masimo introduced wireless pulse oximeter named, Masimo Rad - 5, that achieved enormous popularity due to its superior wireless features.
• Home care captures the imagination of people, primarily for convenience and cost-related reasons, mainly in areas where repayment policies are fragile; subsidize profoundly to the growth for a global pulse oximeter market. In addition, the demand for remote monitoring is seeing a hasty rise as continuous monitoring is an expensive task, boosting the growth of pulse oximeter market as spot-checking via fingertip alternatives and handheld oximeters. This may help to reduce cost on readmission costs that are quite usually incurred by patients of COPD.
• In addition, the existing apprehension over the proliferation of coronavirus is also foreseen to have a substantial influence on the growth of global pulse oximeters market across the world. As a consequence of the current pandemic, the medical device industry has been under tremendous pressure to deliver new products. With coronavirus infections propagating worldwide, the apprehension regarding a shortage of crucial life-saving devices and additional indispensable medical supplies in order to inhibit the spread of this pandemic and deliver prime care to the infected also widen.

Market Scope

Market Dynamics

Driver

Rising cases of respiratory issues

The cases of asthma, chronic obstructive pulmonary disease and pneumonia are respiratory issues that are rising all over the world. The low concertation of oxygen levels in patients with these conditions require monitoring of blood oxygen levels. The pulse oximeters are a non-invasive device that help measure oxygen saturation. The rising levels of pollutions, rising geriatric population and changing lifestyle have increased the number of cases with respiratory issues.

Restraint

Government Regulations

The governments all over the world are tightening rules and regulation related to sale of medical devices like oximeters directly to the consumers without prescriptions. This will make it difficult for people to get the device as a precautionary measure without medical consultations. The stricter rules have also been enforced due to concerns about accuracy of these oximeters and how reliable the information could be.

Opportunity

Key players interest in developing economies

The major players of the oximeter market are looking to explore the untapped potential for growth in the emerging economies. The governments in countries like India and China are on the look out for opportunities to invest in the healthcare sector especially in modernizing their existing infrastructure. Such countries are becoming hubs of manufacturing for healthcare and pharmaceutical products. The region of Asia Pacific promises potential of growth for the pulse oximeters market.

Product Type Insights

The tabletop/bed side pulse oximeter segment dominated the market, with the largest market in 2024.. The adoption of tabletop/bedside pulse oximeters is driven by its wide application in various healthcare environments including hospitals, clinics, emergency departments, surgical theaters, intensive care units, and post anesthesia care units. The reliability and efficient functioning of tabletop oximeters are important aspects in making it popular choice.

Pulse oximeters products market is segmented into fingertip pulse oximeters, handheld pulse oximeters, and tabletop pulse oximeters. Among these, the handheld pulse oximeters are beneficial for pilots to check the oxygen level when they are operating at above 10,000 feet. These devices are also beneficial to the athletes and mountaineers to check the oxygen level. Handheld pulse oximeters are more accurate and come with probes that can be utilized for individual patients to limit the spread of the virus.

The fingertip pulse oximeters are non-invasive, which makes them a favored option for infants and neonates. Furthermore, the fingertip pulse oximeters are dense in size and easy to use. Moreover, the added features such as Bluetooth, alarm system, extensive memory, and easy transfer of data upsurge the effectiveness of products.

End-user Insights

Depending on end-users the global pulse oximeters market is categorized into hospitals, ambulatory surgical centers, and home healthcare. Among these, the hospitals segment is projected to register a comparatively higher stake in the global pulse oximeters market due to the oximetry is a fundamental part of newborn screening in numerous countries, adding to the number of devices procured by hospitals. Furthermore,the higher utilization and higher adoption of these devices in hospitals is expected to boost the segmental growth. Conversely, a patient suffering from chronic diseases prefers to seek care in home settings and rising healthcare costs have created a market for home healthcare pulse oximeters.

The hospital segment from the end user point of view is the leading segment of the market in 2024. Hospitals are the first point of contact for people when it comes to health issues which is a factor that drives this segment’s growth. The home healthcare segment is expected to grow at the fastest rate during the forecast period. This segment is anticipated to rise as there is an increase in awareness regarding importance of monitoring oxygen levels among people.

Pulse Oximeters Market Companies

• Smiths Group plc.
• Halmaplc
• Koninklijke Philips N.V.
• Medtronic plc
• Nihon Kohden Corporation
• Masimo Corporation
• Contec Medical Systems Co., Ltd.
• Omron healthcare, Inc.
• General Electric Company
• Nonin Medical, Inc.

Leadership Announcement

Prevounce Health comes as one of the leading providers of software for remote care management by announcing its first blood oxygen device under the venture of remote patient monitoring (RPM): Pylo OX1-LTE. According to Daniel Tashnek, founder and Chief Executive Officer of Prevounce, this device was an exciting addition to the Pylo family. Even as the device delivers actionable data to clinicians for empowering care, it will be allowed to be used much more easily by patients. This will ensure increased involvement and participation in RPM programs while reducing both clinician and technical support work needed to scale up remote monitoring programs.

Recent Developements

• In January 2025, the United States Food and Drug Administration released guidelines for manufacturers regarding the calibration of their devices to better read pulse oxygen readings for people of color, by ensuring devices are tested across a variety of skin tones. The new guidelines ask companies to mandate the collection of 3,000 data points rather than 200. Studies conducted using these meters will also need to be composed of a minimum of 10 people, with 150 being the recommended sample size. 
• In August 2024, Prevounce Health, a leading medical device provider, launched a remote patient-monitoring blood oxygen measurement device called Pylo OX1-LTE. The device is cellular connected, offering secure data collection, reliability and improved connectivity.  The device is cost-effective, making it easier for organizations to invest in growing their remote patient monitoring programs. 

Segments Covered in the Report

By Product Type

• Handheld Oximeters
• Fingertip Oximeters
• TabletopOximeters

By End-user

• Ambulatory Surgical Centers
• Hospitals
• Home Healthcares

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World