Pulse Oximeter Market Size

Pulse Oximeter Market size was valued at USD 2.18 billion in 2024 and is projected to reach USD 3.71 billion by the end of 2037, expanding at around 4.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of pulse oximeter is assessed at USD 2.25 billion.

The growth of the market is primarily attributed to the increasing prevalence of chronic respiratory diseases. According to the World Health Organization, 455 000 individuals died from asthma in 2019, which is estimated to have affected 262 million people. Moreover, growing prevalence of target diseases, and accessibility of new products are some other major factors which are driving the growth of the market over the forecast period.

Further, growing prevalence of diabetes is expected to boost the growth of the market over the forecast period. According to the World Health Organization, age-specific diabetes mortality rates increased by 3% between 2000 and 2019. Besides this, during pandemic high quality pulse oximeters were in great demand for early diagnosis and treatment of patient with covid-19.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of pulse oximeter is assessed at USD 2.25 billion.

The pulse oximeter market size was valued at USD 2.18 billion in 2024 and is projected to reach USD 3.71 billion by the end of 2037, expanding at around 4.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by growing awareness about pulse oximeters as of COVID-19 outburst, increasing count of chronic respiratory diseases, and increasing availability of newly launched high-quality products.

Asia Pacific industry is expected to hold largest revenue share by 2037, propelled by growing prevalence of respiratory diseases, followed by the new product launches in the region.

The major players in the market include Medtronic, Becton Dickinson and Company, GE Healthcare, Koninklijke Philips N.V., Masimo, CAS Medical Systems, Inc., Opto Circuits India Limited, Nonin Medical, Inc., ICU Medical, Inc., Welch Allyn.

Pulse Oximeter Market Size