Pulse Oximeters Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Fingertip, Hand-Held, Table-Top/Bedside, Wrist-Worn, and Pediatric Pulse Oximeters), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers (ASC), Homecare Settings) and Region Forecast 2020-2031

Pulse Oximeters Market size was valued at US$ 2,136.6 million in 2024 and is expected to reach US$ 3,614.5 million by 2031, growing at a significant CAGR of 7.8% from 2025-2031. Owing to the increasing prevalence of cardiovascular and respiratory diseases such as Ischemia, cardiac arrhythmias sleep apnea, and Chronic Obstructive Pulmonary Disease (COPD). The advances in pulse oximeter design and function such as user-friendliness and efficient performance expected to create demand for pulse oximeters over the forecast period. Moreover, recent advances in the development of wireless pulse oximeters are expected to increase the adoption of these devices in critical care settings where early medical intervention is necessary. The device helps clinicians and patients identify issues for early intervention, helping to avoid re-hospitalization.

The rise in the adoption of pulse oximeters as monitoring standards during anesthesia procedures in critical care set-ups, the rising prevalence of cardiovascular and respiratory diseases which in turn promote homecare usage are expected to drive market revenue growth over the forecast period. Moreover, ease of availability in stores, and pharmacies, and mandatory screenings for newborns in the U.S. for cardiac disease are expected to create market demand for pulse oximeters over the forecast period. Players in the market are launching newer products in the market to garner larger market share and focusing on merger and acquisition strategies to retain market positions.

Key Development:

• In 2015, Nonin Medical, Inc. launched the NoninConnect Model 3230 Bluetooth Smart wireless finger pulse oximeters outside the U.S.