Pulse Oximeter Market Trends

Growth Drivers

• Government spending on remote monitoring devices: Medicare spending on pulse oximeter devices in the U.S. reached USD 800.4 million, up by 15.3% from 2020. This growth was surged primarily by increased reimbursement policies for Remote Patient Monitoring (RPM) services under CPT codes 99453-99454, as specified by CMS. These policies facilitate oxygen saturation monitoring for older adults and patients with chronic diseases like COPD and heart failure. The expansion enhances access to in-home care and supports Medicare's emphasis on value-driven and preventive healthcare services.

• Rising patient pool with cardiac and respiratory conditions: Approximately 420.5 million patients need pulse oximetry monitoring due to congestive heart failure, post-COVID, and conditions like COPD and sleep apnea. In Germany, the number of patients using pulse oximeters increased to 4.2 million in 2025, a 26.6% increase over the past decade. The increase is mostly attributed to a growing aging population and using pulse oximeter monitoring in post-discharge care programs. Hospitals are increasingly turning to these devices to detect early hypoxia and decrease readmissions.

Historical Patient Growth Analysis: Foundation for Future Market Expansion

Historical Patient Growth (2010-2020)

Strategic Expansion Models for Market

Feasibility Models for Revenue Growth

Challenges

• Fragmented tendering systems: Public procurement of medical devices in India and China for pulse oximeters is decentralized. Manufacturers face high variable pricing, documentation across provinces, and qualification standards. In India, the price variation ranges from 25.4% to 40.2% for similar products based on the state health department. For suppliers, this variation raises the logistical costs, discourages national scaling, and complicates forecasting. Many global organizations struggle with regional rules, causing inconsistent market access. Unlocking large-scale adoption in densely populated countries still requires integrating procurement regulations.