Pulse Oximeters Market

Pulse Oximeters Market is Expected to Reach a
Value of CAGR of more than 6.1% during 2025
“The global pulse oximeters market size was worth USD 1.5 billion in 2015 which is
anticipated to grow at a CAGR of more than 6.1% during the forecast period. The crucial
application of the pulse oximeters in patient monitoring is responsible for its growth.
Moreover, its use in anesthesia monitoring and safety have greatly reduced anesthesiarelated
deaths, which further contributes to the market potential.”
Industry Insights
The global pulse oximeters market size was worth USD 1.5 billion in 2015 which is anticipated to grow at a CAGR of more
than 6.1% during the forecast period. The crucial application of the pulse oximeters in patient monitoring is responsible
for its growth. Moreover, its use in anesthesia monitoring and safety have greatly reduced anesthesia-related deaths,
which further contributes to the market potential.
Surgical safety has been a major concern and so its provision is a priority worldwide. Global initiatives such as the WHO
Surgical Safety Checklist, which was created in 2008 as an outcome of 2007 WHO Safe Surgery Saves Lives program, aims
in the application of minimum safety standards across hospitals in all countries. Pulse oximeter, being an essential
monitoring device in surgical treatments, is largely affected by such global initiatives that influence its demand and are
likely to trigger the market growth.
Modernization has boosted accessibility with the technological advancements in the cell phones operating systems. In
2014, a company named Masimo launched iSpO2 pulse oximeter, which is supported by the Android devices, facilitating
ease of use and monitoring.
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Type Insights
The segmentation based on the type of devices is handheld, fingertip, and others. In 2016, the handheld oximeter
devices dominated the market owing to the ease of use of the device in the case of emergency. The oxygen saturation of
a patient highly affects the course of treatment to be undertaken. Rising number of emergency cases of strokes and
surgeries is anticipated to augment the market over the forecast period.

With the growing preference towards portable technology due to its feasibility in use, fingertip pulse oximeter segment
is gaining prominence in the pediatric treatment procedures and so are expected to show significant market growth over
the forecasted period. The fingertip pulse oximeters can withstand varying storage conditions and thus is preferred.
Other types of oximeters include stand-alone units that have provisions to monitor parameters such as blood pressure
and ECG. Lack of sufficient operative room facilities in most of the developing countries, as per the findings of WHO,
initiatives are taken to increase the operative room facilities where each room is equipped with at least one stand-alone
monitoring units that would help in increasing the penetration of the devices.
End User Insights
The conventional use of pulse oximeters is done in hospitals pre and post surgeries. It is also used during surgeries when
the patient is anesthetized. The rising number of surgeries and emphasis on patient safety are responsible for the
increased use of pulse oximeters during every procedure. These devices are once purchased and require servicing and
are not replaced frequently. The use of pulse oximeters in newborn screening also adds to the number of devices
procured by the hospitals in their maternity and pediatric care divisions.
However, there is an upward trend of use of pulse oximeters in homecare settings due to the expansion of the homecare
market. Hospices and even nursing care centers are procuring oximeters to provide better care to their customers.
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Regional Insights
The inequality in the distribution of the healthcare facilities worldwide is very significant. For instance, North America
has low burden of diseases but high presence of healthcare workers and finances. Moreover, strong technological base,
availability, and adaptability of the recent advances in technology makes North America dominate the market. However,
African region has high burden of the diseases but low presence of healthcare workers and finances, thus, although a
potential market, low awareness and affordability hinder the development of pulse oximeter market in African region.
Asia Pacific is anticipated to show fast growth over the forecasted period owing to the moderate burden of global
disorders and high adoption of modernization and developing technology, realizing the need of better healthcare
facilities and early detection of disorders through increased use of monitoring devices such as the pulse oximeters.
Competitive Insights
With the trend of customized facilities, some companies are working toward developing devices that are supported by
the cell phones operating systems, facilitating flexible, wireless and easy monitoring. For instance, Masimo’s iSpO2 and
Zensorium’s Tinke are the oximeter devices that are compatible with iPhones, thus providing the iPhone users with the
benefits of the new technology. Such innovations are likely to attract the population and widen the market size.
Market Segment:
Type Outlook (Market Revenue in USD Million, 2013 - 2025)
• Fingertip pulse oximeters
• Handheld pulse oximeters
• Others
End-Users Outlook (Market Revenue in USD Million, 2013 - 2025)

• Hospitals and other healthcare facilities
• Homecare
Regional Outlook (Market Revenue in USD Million, 2013 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa
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