Market revenue in 2023 | USD 871.1 million |
Market revenue in 2030 | USD 1,316.2 million |
Growth rate | 6.1% (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 |
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 |
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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.
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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