Pulse Oximeter Market Analysis & Forecast: 2025-2032

Pulse Oximeter Market Size and Trends

The pulse oximeter market share is estimated to be valued at USD 4,236.5 Mn in 2025 and is expected to reach USD 7,312.6 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2025 to 2032.

To learn more about this report, Download Free Sample

Key Takeaways

• Based on Product Type, the Tabletop Pulse Oximeters segment is expected to account for 37.8% of the market share in 2025, attributed to its continuously monitoring patients with respiratory illnesses.
• Based on Sensor Type, the Disposable Sensors segment is projected to hold 28.9% share of the market in 2025, as it eliminates any risks of cross-contamination between patients.
• Based on End User, the Hospital segment is expected to hold 42.7% share of the market in 2025, fueled by the criticality of pulse oximetry monitoring in acute care settings.
• Based on Region, North America is set to lead the pulse oximeter market in 2025 with a 38.6% share, driven by highly developed healthcare infrastructure and higher healthcare spending. While, Asia Pacific is considered to be the fastest growing region during the forecast period, owing to rising population, and increasing healthcare awareness.

Market Overview

The pulse oximeter market demand is expected to be driven by factors such as the rising incidence of respiratory diseases, increasing awareness related to timely diagnosis of chronic illnesses, and the growing demand for home healthcare devices. Technologies advancements have allowed manufacturers to develop versatile pulse oximeters with features including exceptional accuracy, connectivity options, and compact sizes making them popular for use at home as well. Furthermore, there is additional demand for pulse oximeters for self-monitoring of blood oxygen levels at home amid the hospital capacity challenges posed by the virus.

Current Events and Its Impact

Uncover macros and micros vetted on 75+ parameters: Get instant access to report

Role of Artificial Intelligence (AI) in the Pulse Oximeter Market

The integration of artificial intelligence into pulse oximeter market is optimizing the accuracy and reliability of oxygen saturation measurements, especially in challenging situations like low saturation levels or darker skin tones. AI algorithms have the potential to analyze pulse oximeter data to compensate for factors like motion artifacts, skin tone variations, and signal degradation, leading to more precise readings. This includes predicting oxygen needs, detecting anomalies, and potentially guiding automated oxygen delivery systems. Artificial intelligence (AI) offers improving the SpO2 monitoring by enabling more accurate, equitable, and accessible estimations.

In August 2024, EnsoData, an AI-driven healthcare innovator, formed a strategic alliance with Nonin Medical to introduce an affordable, non-invasive at‑home sleep apnea testing solution. The collaboration integrates the FDA-cleared EnsoSleep PPG algorithm with Nonin’s reusable WristOx 2® Model 3150 pulse oximeter, enabling sleep labs to diagnose obstructive sleep apnea remotely. The WristOx provides accurate continuous SpO₂ and pulse rate monitoring, even during patient movement or low perfusion, ensuring reliability.

Segmental Insights

To learn more about this report, Download Free Sample

Pulse Oximeter Market Insights, By Product Type -  Tabletop Pulse Oximeters Dominates the Overall Market Growth

In terms of product type, the tabletop pulse oximeters segment is estimated to hold 37.8% of the market share in 2025 owing to its continuously monitoring patients with respiratory illnesses. Tabletop pulse oximeters are designed for situations where a patient needs constant monitoring of their blood oxygen saturation levels. This is crucial for individuals with respiratory conditions such as COPD, or during surgical procedures where anesthesia is administered. 

In May 2025, BPL Medical introduced its Cleo Plus tabletop pulse oximeter in India, featuring a 7‑inch TFT color LCD designed for use in clinical environments such as ICUs and hospital wards. The device offers continuous 24‑hour SpO₂ and pulse-rate monitoring, coupled with adjustable audible and visual alarms to alert medical staff of critical changes.

Pulse Oximeter Market Insights, By Sensor Type -  Single-Use Dominates the Overall Market

In terms of sensor type, the disposable sensors segment is estimated to hold 28.9% of the market share in 2025. A single-use attachments is disposed after each patient, resulting in elimination of any risks of cross-contamination between patients. This is a major advantage in hospital and clinical environments where a large number of patients are monitored on a daily basis. Disposable sensors also relieve users from the hassle of re-sterilization or cleaning of reusable devices between successive uses. Their convenience and the assurance of infection control drives consistent preference among healthcare facilities and practitioners.

In January 2024, Medical technology firm Inspira Technologies developed a single-use disposable blood oxygenation kit compatible with its INSPIRA™ ART life-support series, targeting hospitals and critical care settings. It is designed to streamline extracorporeal oxygenation by bypassing traditional ventilators, the kit aims to reduce hospital costs through a razor‑blade-style disposable business model. The company plans to submit for FDA clearance in 2025, broadening integration with cardiopulmonary bypass and other perfusion systems.

Pulse Oximeter Market Insights, By End User -  Central Role in Acute Care Drives Hospital Demand

In terms of end user, the hospitals segment is estimated to hold 42.7% of the market share in 2025 owing to the criticality of pulse oximetry monitoring in acute care settings. Pulse oximetry finds immense utility in hospital departments such as emergency rooms, intensive care units, and operation theatres where constant evaluation of patients' oxygen saturation is imperative. Their non-invasive nature and quick readings ensure minimal disruptions to patient care. Additionally, the larger scale of operations in hospitals translates to higher volumes of pulse oximeter procurement. With oxygen saturation emerging as a vital sign parameter, demand from hospitals continues to accelerate as pulse oximetry becomes further engrained in standard protocols for diverse cases.

For instance, in June 2024, Charnock Hospital in Kolkata launched an Enhanced Patient Care Programme, equipping all ward beds with Dozee’s AI-powered, contactless vital monitoring system. The initiative enables real-time tracking of heart rate, respiratory rate, blood pressure, temperature, ECG—and importantly, SpO₂ levels, facilitating early detection of clinical deterioration through a live Early Warning System.

Regional Insights

To learn more about this report, Download Free Sample

North America Pulse Oximeter Market Analysis & Trends

North America remains the dominant region in the global pulse oximeter market and is estimated to hold 38.6% of the market share in 2025. With a highly developed healthcare infrastructure and higher healthcare spending. The region is home to many leading pulse oximeter manufacturers such as Medtronic, Masimo, GE Healthcare, and Nonin Medical who have strong distribution networks across the country. Moreover, the presence of large pool of pulse oximeter users like hospitals, clinics, home healthcare providers, and individuals has continuously fuel demand in North America. For instance, MightySat Medical with Masimo SET^® provides an FDA-cleared medical device with validated accuracy without the need for a prescription. SET^®, available in numerous hospital devices, is the primary pulse oximetry technology in the U.S. hospitals.

Asia Pacific Pulse Oximeter Market Analysis & Trends

The Asia Pacific region has emerged as the fastest growing market for pulse oximeter market in recent times. China and India are spearheading the market growth owing to rising population, increasing healthcare awareness, and improving access to healthcare facilities in rural regions. Both countries are witnessing higher incident of chronic diseases like COPD and cardiac problems due to growing geriatric population and changing lifestyle trends. An estimated 90% of COPD- related deaths occur in low/middle income countries. India and China together constitutes about one third of the total human population, accounting for 66% of COPD mortality globally. This has significantly boosted the sales of pulse oximeters. Furthermore, the governments of various APAC countries have recognized pulse oximetry as an essential device for critical care and are promoting its usage which is positively influencing the pulse oximeter market forecast.

Pulse Oximeter Market Outlook Country-Wise

The United States Pulse Oximeter Market Trends

The U.S. pulse oximeter market is driven by the due to a combination of factors including the prevalence of respiratory illnesses, and the increasing adoption of at-home health monitoring. There is a significantly raised awareness about the importance of monitoring blood oxygen levels, while pre-existing conditions like asthma and COPD continue to drive demand for these devices. According to the American Lung Association, more than 35 million people living in the U.S. have a chronic lung disease like asthma and COPD. This is further accelerating the pulse oximeter industry demand.

China Pulse Oximeter Market Trends

The China pulse oximeter market is experiencing significant growth due to the country’s aging population, the prevalence of respiratory and cardiovascular diseases. Along with that China is one of the prominent manufacturers of oxygen concentrators. Chinese companies have significantly increased production to meet international needs, with some companies reporting monthly production capacities of 50,000 units. Additionally, the Chinese Centre for Disease Control and Prevention (CDC) has reported a sharp increase in respiratory viral infections, including human metapneumovirus (hMPV) infections, in northern China since December 2024. Experts note that growing pulse oximeter market price inflation driven by this heightened demand may add €5–10 per unit, although it remains affordable compared to other medical devices. As domestic manufacturing scales and infection monitoring becomes more vital, China is positioned to lead in both production and innovation in pulse oximetry.

India Pulse Oximeter Market Trends

India continues to lead the adoption of pulse oximeter, driven by the increase in healthcare awareness, as the India Ministry of Health recommends home use of oximeter, which will offer early detection and triage at household level. Along with that, India has a rise in respiratory and cardiac illnesses which includes chronic obstructive pulmonary disease (COPD), asthma, and cardiac conditions, leading to greater demand for continuous oxygen saturation monitoring, particularly in older adults and high-risk patients. For instance, in July 2024, yashoda Super Specialty Hospital in Kaushambi introduced the SmartCare Monitoring Programme, integrating Dozee’s remote patient monitoring and Early Warning System across its facility. The system delivers continuous surveillance of multiple vital signs, including SpO₂, to preempt emergencies and bolster operational efficiency. This is further accelerating the pulse oximeter market demand in India.

Pulse Oximeter Market Driver

Rising Prevalence of Respiratory Diseases

As the number of people suffering from respiratory conditions like asthma, and pneumonia continues to rise globally, there is an increasing need for pulse oximeters to monitor patients' oxygen saturation levels. Pulse oximetry allows for remote, continuous monitoring of oxygen levels in blood which is extremely useful for the treatment and management of respiratory diseases. For instance, according to the World Health Organization (WHO) report published in March 2023, chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths. Moreover, according to the same source, low- and middle-income countries (LMIC) account for about 90% of deaths from COPD in those under the age of 70. The pulse oximeter market value enhances remote, continuous monitoring, innovative wearable pulse oximeters presented at ATS 2025 are transforming obstructive sleep apnea diagnostic system, illustrating their impact across respiratory care platforms.

Concentration and Competitive Landscape

To learn more about this report, Download Free Sample

Pulse Oximeter Industry News

• In June 2025, Garmin unveiled the Venu X1, its first square smartwatch with a 2-inch AMOLED display, and widely compared to the Apple Watch Ultra 2. Featuring a titanium case, sapphire lens, built-in flashlight, speaker, and a pulse oximeter.
• In June 2025, Lepu Medical launched its new SP‑20 handheld oximeter. It is designed for adult, pediatric, and neonatal use across clinical and home settings. The device features a 3.5″ auto-rotating TFT display showing SpO₂, perfusion index (PI), pulse rate (PR), and waveform data.
• In August 2024, Prevounce Health introduced its first cellular-connected pulse oximeter, the Pylo OX1‑LTE, aimed at enhancing remote patient monitoring (RPM) for chronic respiratory and cardiac conditions. The FDA-cleared, LTE-enabled device offers real-time SpO₂ readings accurate within ±2% and pulse rate within ±2 bpm, and operates across multiple cellular networks—even in low-signal areas, without requiring Wi-Fi.
• In February 2024, Masimo, a medical technology company, announced that it had received an approval from the U.S. Food and Drug Administration for Over-the-Counter fingertip pulse oximeter, used for accurate and reliable oxygen saturation (SpO2) and pulse rate (PR) measurements on patients of all skin colors and patients with low perfusion.

Market Report Scope

Pulse Oximeter Market Report Coverage

Rising Emphasis on Patient Monitoring in Home Care Settings

There is a marked shift towards remote patient monitoring and home healthcare globally as it enables cost savings, improved accessibility, and better management of chronic conditions. Pulse oximetry plays a critical role in facilitating remote monitoring of vitals and oxygen saturation levels especially for high-risk patients or those recovering from surgeries or illnesses. The ability of pulse oximeters to transmit readings electronically to doctors or caregivers has further increased their value in home care applications. Various players are also introducing more advanced, integrated devices that can measure and track multiple parameters besides oxygen saturation. Governments and insurance agencies are promoting home-based monitoring to avoid unnecessary hospitalizations. Even patients prefer remaining in familiar home settings under remote supervision. This rising prominence of home healthcare and focus on remote patient monitoring is catalyzing the uptake of pulse oximeters among households rather than just clinical settings. Various options available in different form factors, wearing formats and price points ensure wider accessibility and adoption.

According to recent pulse oximeter market research, Masimo announced in May 2025 the launch of its MightySat Rx device for remote home use, combining pulse oximetry with respiration rate and perfusion index tracking—signaling the growing trend of multifunctional home-use oximeters.

Pulse Oximeter Market Opportunities

Integration of Smartphones with Pulse Oximeters

The integration of smartphones with pulse oximeters provides a great opportunity to revolutionize the global pulse oximeter market forecast, unlocking seamless remote SpO₂ and heart rate monitoring. In today's connected world, most people own a smartphone which they use for multiple purposes on a daily basis. If pulse oximeter devices are able to directly communicate and pair with smartphones via applications or Bluetooth-enables apps allowing continuous health tracking making it ideal for patients with chronic respiratory illnesses or those in ICUs.

For instance, Viatom’s FDA-cleared Smart Ring O2Ring sends real-time readings to the ViHealth app, enabling 24/7 SpO₂ trends and alerts. With smartphone compatibility, pulse oximeters become more accessible, data-rich, and clinically valuable positioning them as central to future remote and home monitoring strategies.

Analyst Opinion (Expert Opinion)

• The pulse oximeter market has matured well beyond its traditional clinical roots, driven by a clear and irreversible shift toward home-based care and remote patient monitoring. Hospitals, while still the dominant buyers, no longer define the pace of innovation. As of late 2023, hospitals accounted for prominent market revenue; however, consumer-grade adoption is accelerating rapidly, particularly in home care and telehealth contexts.
• Notably, sleep study applications and chronic respiratory care segments are witnessing usage increases upwards of 40–50%, catalyzed by integration-ready wearables like Masimo’s W1 watch and Philips’ cloud-enabled platforms. This trend is not simply a matter of convenience—it is a fundamental reconfiguration of the care delivery architecture. Providers and insurers failing to redesign reimbursement models around at-home diagnostics risk obsolescence.
• At the core of current product differentiation is the deployment of AI to mitigate performance drops during motion, low perfusion, or dark skin pigmentation. AI-enhanced algorithms, like those in Masimo’s Signal Extraction Technology (SET), have demonstrated up to 45% higher signal fidelity in high-noise environments. New FDA-cleared devices such as OxiWear's ear-mounted pulse oximeter (cleared in August 2024) reflect this precision push, with constant saturation monitoring in ambulatory patients now possible without the traditional finger clip.
• However, such advancements remain largely confined to tech-competent users. Only about 42% of adults aged 65 and above own smartphones, and nearly 60% express discomfort with using digital health tools. This reflects a sharp usability gap: many products are technically advanced but clinically unapproachable for the demographic most at risk. Without addressing design accessibility and providing clinician-facing dashboards that can interface with legacy EMR systems, these innovations will remain underutilized.

Market Segmentation

• Product Type
  • Tabletop Pulse Oximeters
  • Fingertip Pulse Oximeters
  • Wrist-worn Pulse Oximeters
  • Handheld Pulse Oximeters
• Sensor Type
  • Disposable Sensors
  • Reusable Sensors
• End User
  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings
  • Others
• Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Company Profile
  • Stryker
  • Medtronic
  • Nihon-Kohden Corporation
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Hill-Rom Services, Inc.
  • Smiths Group plc
  • Honeywell International
  • Promed Technology Co., Ltd.
  • Contec Medical Systems Co., Ltd.
  • CONMED Corporation
  • Curbell Medical Products, Inc.
  • Ecomed
  • Masimo
  • TytoCare Ltd.
  • BioIntelliSense

Sources

Primary Research Interviews from the following stakeholders

Stakeholders

• Interviews with pulse oximeter manufacturers, hospital procurement heads, MedTech engineers, respiratory therapists, homecare service providers, and biomedical engineers across key global healthcare markets.

Databases

• World Health Organization (WHO) Global Health Observatory
• UN Comtrade Medical Devices Export-Import Data
• U.S. FDA Medical Device Databases
• India’s Health Ministry – Central Drugs Standard Control Organisation (CDSCO) Data
• European Medical Device Nomenclature (EMDN) Database
• Japan Ministry of Health, Labour and Welfare Statistics
• Brazil ANVISA Product Registries
• Philippines FDA Medical Equipment Registrations
• Global Trade Atlas – Medical Devices

Magazines

• MedTech Dive
• Medical Device Network
• Medical Design & Outsourcing
• Healthcare Technology Management (HTM) Insider
• Today's Medical Developments
• HealthTech Magazine
• MPO (Medical Product Outsourcing)
• DeviceMed

Journals

• Journal of Clinical Monitoring and Computing
• Anesthesia & Analgesia
• Journal of Biomedical Optics
• IEEE Transactions on Biomedical Engineering
• Journal of Medical Systems
• Sensors (MDPI) – Medical Sensor Technology Section
• Respiratory Care Journal

Newspapers

• The Economic Times – Healthcare & Life Sciences
• The Hindu Business Line – Medical Devices & Public Health
• The New York Times – Health Tech
• Financial Express – Medical Technology Reports
• Washington Post – Health Innovations
• Nikkei Asia – HealthTech & Biomedical Equipment
• South China Morning Post – Medtech Coverage

Associations

• Association for the Advancement of Medical Instrumentation (AAMI)
• Medical Device Innovation Consortium (MDIC)
• Health and Care Professions Council (HCPC), UK
• Indian Association of Biomedical Scientists (IABMS)
• American Association for Respiratory Care (AARC)
• Respiratory Care Society of India (RCSI)
• Asia Pacific Medical Technology Association (APACMed)
• Biomedical Engineering Society (BMES)

Public Domain Sources

• Ministry of Health and Family Welfare (India)
• National Health Service (NHS) Digital Reports
• U.S. Centers for Medicare & Medicaid Services (CMS)
• EU Medical Devices Coordination Group (MDCG) Reports
• FDA Medical Devices Overview & Safety Bulletins
• NITI Aayog – Indian Medical Devices Sector Insights
• World Bank HealthTech Adoption Indicators
• Indian Council of Medical Research (ICMR) – Medical Device Guidelines
• OECD – Medical Devices in Aging Societies

Proprietary Elements

• CMI Data Analytics Tool, and Proprietary CMI Existing Repository of information for last 8 years

*Definition: Pulse Oximeter is an electric device used to measure oxygen saturation in red blood cells. It can be attached to fingers, forehead, nose, foot, ears or toes for measuring the oxygen count in red blood cells. It is a noninvasive, rapid, and continuous method of monitoring oxygenation, allowing detection of sudden changes in a patient's clinical status. The amount of red and infrared light in an area of pulsatile blood flow can be measured by modern pulse oximeters. Pulse oximeter measures blood oxygen saturation (SpO2), pulse rate, perfusion index (PI).