Pulse Oximeter Market Analysis

  • Report ID: 3120
  • Published Date: Jul 21, 2025
  • Report Format: PDF, PPT

Pulse Oximeter Market Segmentation:

Distribution Channel Segment Analysis

The online retail dominates the segment and is poised to hold the revenue share of 44.9% by 2034. Distribution is led by online retail because of the speedy transition towards e-commerce, especially within personal healthcare devices. The ease of direct-to-consumer models and increased access via government-funded telehealth programs, especially in Europe and the U.S., have boosted online sales. As per the Centers for Medicare & Medicaid Services (CMS) report, sales of remote patient monitoring (RPM) devices such as pulse oximeters have increased by 49.4%, driven primarily by online platforms. Federal and international public health agencies, such as NIH and AHRQ, also suggest internet-based monitoring devices that are frequently bundled and marketed through e-retailers.

Product Type Segment Analysis

The fingertip pulse oximeters lead the market and are projected to have a market share of 42.9% by 2034. Fingertip pulse oximeters are driven by their affordability, portability, and extensive usage in clinical and home care settings. As per the FDA, during the COVID-19 pandemic, these devices gained substantial Emergency Use Authorization (EUA) momentum, subsequently gaining permanent consumer demand after 2021. Their compatibility with mobile apps and Bluetooth for remote monitoring fits in with the Centers for Medicare & Medicaid Services (CMS) promotion of Remote Patient Monitoring (RPM) programs under chronic care management programs and further driving adoption (CMS RPM).

Our in-depth analysis of the global pulse oximeter market includes the following segments:

Segment

Subsegments

Product Type

  • Fingertip Pulse Oximeters
  • Handheld Pulse Oximeters
  • Wrist-Worn Pulse Oximeters
  • Tabletop Pulse Oximeters

Distribution Channel

  • Online Retail
  • Offline/Direct Sales
  • Pharmacies & Drug Stores

End use

  • Hospitals & Clinics
  • Home Healthcare
  • Ambulatory Surgical Centers
  • Emergency Medical Services (EMS)

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In 2025, the industry size of pulse oximeter is assessed at 2.5 billion.

Pulse oximeter market size was valued at USD 2.3 billion in 2024 and is projected to reach USD 4.3 billion by the end of 2034, rising at a CAGR of 7% during the forecast period, i.e., 2025-2034.

The pulse oximeter market in North America dominates the market and is expected to maintain the market share of 36.2% at a CAGR of 7% by 2034.

The major players in the market include Masimo Corporation, Medtronic plc, Koninklijke Philips N.V., Nihon Kohden Corporation, Nonin Medical Inc., GE HealthCare, Smiths Medical (ICU Medical), OSI Systems, Inc. (Spacelabs), Edan Instruments, Inc., Beurer GmbH, Schiller AG, BPL Medical Technologies, Medisana GmbH, Omron Healthcare, Inc., Aeonmed Group, Mindray Medical Intl Ltd., iHealth Labs, Inc., Microlife Corporation, BioCare Group, Compumedics Ltd.
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