Product Description
The global pulse oximetry monitoring market was valued at $2.5 billion in 2024. This is expected to increase over the forecast period at a CAGR of 2.0% to reach nearly $2.9 billion.
The full report suite on the global market for pulse oximetry monitoring includes pulse oximetry monitors and pulse oximetry sensors.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Market Drivers & Limiters
- Market Forecasts Until 2031, and Historical Data to 2021
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
GLOBAL PULSE OXIMETRY MONITORING MARKET TRENDS
The number of indications for pulse oximetry in healthcare is increasing, particularly with the expansion of low-acuity monitoring in hospitals and the growing use of finger pulse oximeters. These devices are also low cost, which enables more sites and patients to purchase smaller-scale devices. Pulse oximetry monitoring is a standard of care in critically ill patients and is seeing increased adoption in primary care, emergency and ambulatory healthcare settings.
GLOBAL PULSE OXIMETRY MONITORING MARKET SHARE INSIGHTS
- Medtronic led the total pulse oximetry monitoring market in 2024 and was also the leading competitor in North America and Western Europe while holding a second-leading position in the rest-of-the-world markets. Medtronic is a large multinational corporation that is able to leverage its size and globally recognized brand to compete in the pulse oximetry market in most countries in the world.
- Masimo was the second-leading competitor in the global pulse oximetry monitoring market in 2024. Masimo competed closely with Medtronic, both on a global scale and in individual regions. Masimo develops sophisticated technology, including the Rainbow® Pulse CO-Oximetry™ and Rainbow® Acoustic Monitoring™. In addition to SpO2 monitoring, the Rainbow® SET® (signal extraction technology) platform allows for the measurement of respiration rate and blood constituents that previously could only be measured through invasive tests, such as hemoglobin (SpHb®) and fluid responsiveness Pleth Variability Index® (PVI®). This technology is integrated within Masimo’s stand-alone patient monitors as well as its device board for inclusion in other original equipment manufacturer (OEM) devices.
- Nonin Medical was a distant third-leading competitor in the global pulse oximetry market in 2024. The company generates a sizable amount of revenue due its share of the dominant North American market. The company also has a sizable share of the Western Europe market, but the region also has a much smaller overall size compared with North America. Nonin was a minor competitor in the rest of the world.
GLOBAL PULSE OXIMETRY MONITORING MARKET SEGMENTATION
- Surface-Pad Market – Further Segmented Into:
- Device Type: Machine, and Accessories.
- Intravascular Market – Further Segmented Into:
- Device Type: Machine, and Accessories.
GLOBAL RESEARCH SCOPE
Report Attribute | Details |
---|---|
Regions | North America (Canada, United States) Latin America (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, United Kingdom) Central & Eastern Europe (Azerbaijan, Baltic States, Belarus, Bulgaria, Croatia, Czech Republic, Georgia, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kyrgyzstan, Macao, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Uzbekistan, Vietnam) Africa (Algeria, Egypt, Ethiopia, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
Base Year | 2024 |
Forecast | 2025-2031 |
Historical Data | 2021-2023 |
Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |