Europe Pulse Oximeter Market Size & Outlook, 2023-2030

The pulse oximeter market in Europe is expected to reach a projected revenue of US$ 1,316.2 million by 2030. A compound annual growth rate of 6.1% is expected of Europe pulse oximeter market from 2024 to 2030.
Revenue, 2023 (US$M)
$871.1
Forecast, 2030 (US$M)
$1,316.2
CAGR, 2024 - 2030
6.1%
Report Coverage
Europe

Europe pulse oximeter market highlights

  • The Europe pulse oximeter market generated a revenue of USD 871.1 million in 2023.
  • The market is expected to grow at a CAGR of 6.1% 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.
  • Country-wise, France is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 871.1 million
Market revenue in 2030USD 1,316.2 million
Growth rate6.1% (CAGR from 2023 to 2030)
Largest segmentMonitors
Fastest growing segmentSensors
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMonitors, Sensors
Key market players worldwideMedtronic 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, Europe region accounted for 26.1% of the global pulse oximeter market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,023.1 million by 2030.

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Pulse Oximeter Market Companies

Name Profile # Employees HQ Website

Europe 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 65.31% in 2023. Horizon Databook has segmented the Europe pulse oximeter market based on monitors, sensors covering the revenue growth of each sub-segment from 2018 to 2030.


According to WHO, more than 66 million people in Europe are suffering from COPD. This accounts for almost USD 3 billion in healthcare expenditure, which is expected to hold significant potential for pulse oximeters in the region. 

Some countries in Europe were the first to mandate use of pulse oximeters in respiratory vital screening. Pulse oximeters are considered high-risk devices in Europe and are subject to stringent regulations. 

However, once it is proved that a product is compliant with requisite standards, the concerned regulatory body grants approval without any additional barriers. In May 2014, European regulatory body approved Masimo’s iSpO2 Rx Pulse Oximeter, which is compatible with Android and iOS operating systems.s and reduction in the number of product recalls.

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Target buyers of Europe pulse oximeter market databook

  • Our clientele includes a mix of pulse oximeter market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 continent-level data and insights on the Europe pulse oximeter market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pulse oximeter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe pulse oximeter market size, by country, 2018-2030 (US$M)

Europe Pulse Oximeter Market Outlook Share, 2023 & 2030 (US$M)

Europe pulse oximeter market size, by country, 2018-2030 (US$M)

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