Global Pulse Oximeter Market Size & Outlook, 2023-2030
Global pulse oximeter market, 2018-2030 (US$M)
Related Markets
Global pulse oximeter market highlights
- The global pulse oximeter market generated a revenue of USD 3,338.4 million in 2023 and is expected to reach USD 5,328.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.9% by 2030.
- In terms of segment, monitors accounted for a revenue of USD 2,170.1 million in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,338.4 million |
| Market revenue in 2030 | USD 5,328.7 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Monitors |
| Fastest growing segment | Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monitors, Sensors |
Other key industry trends
- In terms of revenue, the North America accounted for 39.4% of the global pulse oximeter market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 319.8 million by 2030.
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Pulse Oximeter Market Scope
Pulse Oximeter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global pulse oximeter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pulse oximeter market will help companies and investors design strategic landscapes.
Monitors was the largest segment with a revenue share of 65% in 2023. Horizon Databook has segmented the Global pulse oximeter market based on monitors, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
Pulse oximetry measures one of the five vital signs and thus plays a crucial role in patient monitoring. With increasingly restrained healthcare budgets, continuous patient monitoring is being considered a part of unnecessary costs by the industry.
This issue can be addressed through spot-checking using portable pulse oximeters. Readmission limbo is a major problem faced by patients suffering from chronic diseases, such as Chronic Obstructive Pulmonary Disease (COPD), and costs around USD 25 billion annually.
This creates a high demand for oximeters that can monitor a patient's condition and remotely send data to doctors. Applications in remote patient monitoring can provide a broad range of real-time health data to doctors, which makes timely intervention possible, making it a more reliable option than conventional medical consultations.
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Target buyers of Global pulse oximeter market databook
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Our clientele includes a mix of pulse oximeter market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global pulse oximeter market , including forecasts for subscribers. This global databook contains high-level insights into Global pulse oximeter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global pulse oximeter market size, by regions, 2018-2030 (US$M)
Top 10 countries: Pulse oximeter market size, 2023 (US$M)
Global pulse oximeter market share, by component, 2023 & 2030 (%, US$M)
Pulse oximeter market: Opportunity assessment by country
Global pulse oximeter market, by region, 2023 (US$M)
Related regional statistics
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