Canada Pulse Oximeter Market Size & Outlook, 2023-2030
Canada pulse oximeter market, 2018-2030 (US$M)
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Canada pulse oximeter market highlights
- The Canada pulse oximeter market generated a revenue of USD 238.6 million in 2023 and is expected to reach USD 380.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, monitors was the largest revenue generating component in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
Pulse oximeter market data book summary
| Market revenue in 2023 | USD 238.6 million |
| Market revenue in 2030 | USD 380.7 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Monitors |
| Fastest growing segment | Sensors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monitors, Sensors |
| Key market players worldwide | Medtronic PLC, Masimo Corp, Koninklijke Philips NV, GE Aerospace, Nonin Medical, Nihon Kohden Corp, ICU Medical Inc, OSI Systems Inc, CONTEC, Draegerwerk AG & Co KGaA |
Other key industry trends
- In terms of revenue, Canada accounted for 7.1% of the global pulse oximeter market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pulse oximeter market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 380.7 million by 2030.
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Pulse Oximeter Market Scope
Pulse Oximeter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 64.12% in 2023. Horizon Databook has segmented the Canada pulse oximeter market based on monitors, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
Preeclampsia, generally affecting pregnant women in the third trimester, can be identified by high blood pressure and poses a threat to both the mother and the baby. This complication affects almost 10 million people and results in 76,000 deaths, annually.
These deaths can be avoidable with continuous monitoring of blood pressure & pulse and appropriate treatment at the right time. High prevalence of this condition in the country and government acknowledgment of the problem have created a significant potential for growth of pulse oximeters market.
In 2016, a study by Canadian Cardiovascular Society on pulse oximetry screening in newborns reported that use of pulse oximeter in newborn screening can enhance the detection of CCHD. It suggested that pulse oximeters should be part of newborn screening in Canada, as it can help avoid subjective assessment of cyanosis.
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Our clientele includes a mix of pulse oximeter market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada pulse oximeter market , including forecasts for subscribers. This country databook contains high-level insights into Canada pulse oximeter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pulse oximeter market size, by component, 2018-2030 (US$M)
Canada Pulse Oximeter Market Outlook Share, 2023 & 2030 (US$M)
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