North America Pulse Oximeter Market Size & Outlook
North America pulse oximeter market, 2018-2030 (US$M)
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North America pulse oximeter market highlights
- The North America pulse oximeter market generated a revenue of USD 1,316.2 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,316.2 million |
| Market revenue in 2030 | USD 2,014.2 million |
| Growth rate | 6.3% (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 |
Other key industry trends
- In terms of revenue, North America region accounted for 39.4% 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 Scope
Pulse Oximeter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 64.5% in 2023. Horizon Databook has segmented the North America pulse oximeter market based on monitors, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
Peripheral arterial disease, peripheral vascular diseases, and congenital heart diseases tend to have a significant negative impact on the patient’s pulse. The prevalence of Peripheral Artery Disease (PAD) is high in North America, the top three states affected by PADs are Barbados, Jamaica, and Saint Lucia.
Moreover, the prevalence of Congenital Heart Disease (CHD) is high, affecting almost 2 million infants each year. Out of these, 25% suffer from Critical Congenital Heart Disease (CCHD). The survival rate depends primarily on the severity of the defect, time of diagnosis, and method of treatment.
Early diagnosis is highly crucial in reducing the risk of mortality, which intensifies use of pulse oximeters in newborn screening. Economic burden from cardiovascular diseases across the world is expected to reach USD 1,044 billion by 2030 according to World Heart Federation.
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Target buyers of North America 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 continent-level data and insights on the North America pulse oximeter market , including forecasts for subscribers. This continent databook contains high-level insights into North America pulse oximeter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America pulse oximeter market size, by country, 2018-2030 (US$M)
North America Pulse Oximeter Market Outlook Share, 2023 & 2030 (US$M)
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