Pulse Oximeter Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033

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Pulse Oximeter Systems Market Report Overview

The pulse oximeter systems market size was valued at $1.37 billion in 2023. The market is expected to witness a CAGR of more than 3% during the forecast period 2023 and 2033.  A pulse oximeter system is a photoelectric instrument that measures the oxygen saturation of blood noninvasively and continuously. They are commonly used in the operating room during procedures requiring anesthesia, ICU, and recovery settings. They are also frequently used in cardiac catheterization laboratories, burn units, and ambulances. Other applications include sleep studies, exercise testing, and home monitoring of certain patients, such as patients requiring respiratory therapy.

Pulse Oximeter Systems Market Outlook 2023-2033 ($ Billion)

Pulse Oximeter Systems Market Outlook 2023-2033 ($ Billion)

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The pulse oximeter systems market research report explains the market behavior, which will help identify quantitative market trends within the patient monitoring therapeutic area. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies. Furthermore, the model discusses in detail the impact of COVID-19 on the pulse oximeter systems market for the year 2020 and beyond.

Market Size (2023) $1.37 billion
CAGR (2023-2033) >3%
Historic Period 2015-2022
Forecast Period 2023-2033
Key Segments
  • Tabletop Pulse Oximeters
  • Handheld Pulse Oximeters
  • Finger Pulse Oximeters
  • Wrist Pulse Oximeters
Key Regions
  • Asia-Pacific
  • Europe
  • Middle East and Africa
  • North America
  • South and Central America
Key Companies
  • Masimo Corp
  • Medtronic plc
  • ICU Medical Inc
  • Philips Respironics Inc
  • Nonin Medical Inc
  • GE Healthcare LLC
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Pulse Oximeter Systems Market Dynamics

Modern pulse oximeter systems strive to ensure patient safety and improve outcomes. Due to improved functions and user-friendly design, device usage in general medical, surgical, and outpatient areas for spot-checking is rapidly increasing.

The pulse oximeter systems market is primarily driven by the increase in the aging population and the growing primary pulmonary pathological conditions. Furthermore, with the increasing awareness of device usage, GlobalData believes the home monitoring market will be experiencing robust growth globally. Additionally, product innovations such as advanced pulse oximeters have improved both SpO2 and pulse rate monitoring capabilities thereby driving the market growth.

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Pulse Oximeter Systems Market Segments

The pulse oximeter systems market segments include tabletop pulse oximeters, handheld pulse oximeters, finger pulse oximeters, and wrist pulse oximeters. The handheld pulse oximeter systems segment accounted for the highest share of the market in 2023. The market for handheld pulse oximeters and finger pulse oximeters is growing quickly because of their portable nature, resulting in the decreasing share of tabletop pulse oximeters. Meanwhile, wrist pulse oximeters are consistently gaining acceptance in the home setting as they allow for long-term monitoring at home.

Pulse Oximeter Systems Market Analysis by Segments, 2023 (%)

Pulse Oximeter Systems Market Analysis by Segments, 2023 (%)

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Pulse Oximeter Systems Market Segmentation by Regions

The key regions in the pulse oximeter systems market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. North America accounted for the highest share of the pulse oximeter systems market revenue in 2023. Undoubtedly, the US was the highest revenue contributor in the region.

The North American pulse oximeter systems market is expected to grow significantly over the forecast period, mainly due to growing awareness of pulse oximetry and product innovation in the region. Mirroring the global pulse oximeter systems market scenario, hand-held pulse oximeters and finger pulse oximeters were widely used. However, the usage of wrist pulse oximeters is increasing rapidly in home care settings due to their effectiveness, portability, and cost-effective nature.

Pulse Oximeter Systems Market Analysis by Regions, 2023 (%)

Pulse Oximeter Systems Market Analysis by Regions, 2023 (%)

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Pulse Oximeter Systems Market – Competitive Landscape

A few leading companies in the pulse oximeter systems market are Masimo Corp, Medtronic plc, Smiths Medical, Philips Respironics Inc, Nonin Medical Inc, and GE HealthCare Technologies Inc among others. In 2023, Masimo Corp accounted for the highest share of the pulse oximeter systems market.

Pulse Oximeter Systems Market Analysis by Companies, 2023 (%)

Pulse Oximeter Systems Market Analysis by Companies, 2023 (%)

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Segments Covered in this Report

Pulse Oximeter Systems Segment Outlook ($ Million, 2015-2033)

  • Tabletop Pulse Oximeters
  • Handheld Pulse Oximeters
  • Finger Pulse Oximeters
  • Wrist Pulse Oximeters

Pulse Oximeter Systems Regional Outlook ($ Million, 2015-2033)

  • Asia-Pacific
  • Europe
  • Middle East and Africa
  • North America
  • South and Central America

Key Inclusions of the market model are –

Currently marketed Pulse Oximeters and evolving competitive landscape –

– Insightful review of the key industry trends.

– Annualized total Pulse Oximeters market revenue by segment and market outlooks from 2015-2033.

– Granular data on total procedures, units, average selling prices, and market values by segment.

Global, Regional, and Country level market specific insights –

– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.

– SWOT analysis for Pulse Oximeters.

– Competitive dynamics insights and trends provided for the Pulse Oximeters market.

Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.

– Country-specific overview of the healthcare system.

– Country-specific reimbursement policies.

– Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: Masimo Corp, Medtronic plc, Smiths Medical, Philips Respironics Inc, Nonin Medical Inc, GE HealthCare Technologies Inc, GIMA, SpA, Medline Industries Inc, Rossmax International Ltd, Innovo Medical Ltd, TaiDoc Technology Corporation, Beurer GmbH, Drive DeVilbiss Healthcare Ltd, Contec Medical Systems Co Ltd, Omron Healthcare Co Ltd and others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.

Scope

This market model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for

  • CMO executives who must have a deep understanding of the Pulse oximeter systems marketplace to make strategic planning and investment decisions.
  • Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
  • Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

The model will enable you to –

  • Understand the impact of COVID-19 on Pulse oximeter systems.
  • Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
  • Develop business strategies by understanding the trends shaping and driving Pulse oximeter systems.
  • Generate revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Pulse oximeter systems market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track device sales in the global and country-specific Pulse oximeter systems market from 2015-2033.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Masimo Corp
Medtronic plc
ICU Medical Inc
Philips Respironics Inc
Nonin Medical Inc
GE HealthCare Technologies Inc
GIMA, SpA
Medline Industries LP
Rossmax International Ltd
Innovo Medical Ltd
TaiDoc Technology Corporation
Beurer GmbH
Drive DeVilbiss Healthcare Ltd
Contec Medical Systems Co Ltd
Omron Healthcare Inc
Others

Frequently asked questions

Pulse Oximeter Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033 thematic reports
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