Oximeter Market By Type (Fingertip, Handheld, Table-top, Pediatric Pulse, and Others), By Application (Hospitals, Homecare, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Definition

The oximeter is a device that measures oxygen saturation level or the oxygen levels in the blood. An oximeter can detect small changes in how oxygen is being carried to the extremities furthest from the heart to the legs and the arms. Oximeter used to monitor the health that can affect blood oxygen levels with many types of conditions including lung cancer, asthma, chronic obstructive pulmonary disease (COPD), pneumonia, anemia, heart attack or heart failure, and congenital heart defects.

Market Dynamics

The rising prevalence of respiratory diseases and cardiovascular diseases is the most significant factor impacting the market growth. According to the World Health Organization (WHO), each year 65 million people suffer from chronic obstructive pulmonary disease (COPD), and 3 million dies from it, which makes it the 3rd leading cause of death globally. According to the World Cancer Research Fund International, in 2018, there were 2 million new cases of lung cancer. About 1.8 million people die each year from Lung cancer. About 4 million people die prematurely from the chronic respiratory disease globally. According to World Health Organization (WHO), Cardiovascular diseases (CVDs) are the number one cause of death globally, around 17.9 million people die due to cardiovascular diseases each year, an estimate of 31% of deaths globally. More than 75% of cardiovascular disease deaths occur in lower and middle-income countries. Heart attack and stroke are the cause of 85% of CVD deaths globally. Further, the growing demand for portable monitoring devices, an increase in the geriatric population are key driving factors of the market. However, product recall for oximeter might hamper the market growth. For instance, Nonin Medical, Inc has recalled its 8500M Handheld Pulse Oximeter because the devices distributed may have an incorrect pulse oximetry board with the integrated memory feature. Moreover, technological advancements would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global oximeter market is mainly classified based on type and application. Type is further segmented into Fingertip, Handheld, Table-top, Pediatric Pulse, and Others. By application, the market is divided into Hospitals, Homecare, and Others.

Table-top oximeter had shown significant growth in 2019, owing to the increasing commercialization of new oximeter, the partnership between companies to distribute its product at a global scale, and increasing regulatory approval of oximeter. For instance, Masimo has received a clearance of 510(k) from the U.S. Food and Drug Administration (FDA) for its Rad-97 pulse co-oximeter. Rad-97 pulse co-oximeter device is a noninvasive blood pressure monitoring technology from SunTech Medical, as well as continuous monitoring and pulse oximetry.

Regional Analysis

Based on geography, the global oximeter market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America was dominating the global oximeter market in 2019, due to rising prevalence of respiratory diseases and cardiovascular diseases, regulatory approval of oximeter, the partnership between companies to expand business for oximeter and commercialization of new oximeter. For instance, Neptune Wellness Solutions Inc., Health & Wellness Innovations division has introduced Neptune Halo; an electronic pulse oximeter device is a tool in the battle against COVID-19. The Neptune Halo oximeter measures the oxygen saturation level in the body without using needles or taking a blood sample.

Competitive landscape

Key players operating in the oximeter industry include Medtronic, GE Healthcare, Smiths Medical, Philips, Masimo, Nonin Medical, Inc., Welch Allyn, CAS Medical Systems, Inc., Spacelabs Healthcare, Contec Medical Systems Co., Ltd.

The commercialization of regulatory approved oximeter, increasing licensing agreements to expand the business for oximeter, and strategic partnerships to integrate oximeter are some of the strategies adopted by the major companies. For instance, on May 27, 2020, Masimo and Royal Philips have partnered, whereby Philips will integrate additional Masimo measurement technologies into select IntelliVue MX-series multi-parameter monitors, to help clinicians assess cerebral oximetry and ventilation status.

Oximeter Market Key Segments:

By Type
• Fingertip
• Handheld
• Table-top
• Pediatric Pulse
• Others

By Application
• Hospitals
• Homecare
• Others

Key Global Oximeter Industry Players
• Medtronic
• GE Healthcare
• Smiths Medical
• Philips
• Masimo
• Nonin Medical, Inc.
• Welch Allyn
• CAS Medical Systems, Inc.
• Spacelabs Healthcare
• Contec Medical Systems Co., Ltd.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Oximeter Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising Prevalence of Respiratory Diseases
3.3.2. Growing Demand for Portable Monitoring Devices
3.3.3. Increase in Geriatric Population
3.4. Restraints
3.4.1. Product Recall
3.5. Opportunity
3.5.1. Technological advancements
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Fingertip
4.2.1. Market Size & Forecast
4.3. Handheld
4.3.1. Market Size & Forecast
4.4. Table-top
4.4.1. Market Size & Forecast
4.5. Pediatric Pulse
4.5.1. Market Size & Forecast
4.6. Others
4.6.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Hospitals
5.2.1. Market Size & Forecast
5.3. Homecare
5.3.1. Market Size & Forecast
5.4. Others
5.4.1. Market Size & Forecast

6. Oximeter Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Oximeter Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Oximeter Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Oximeter Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Oximeter Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Oximeter Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Medtronic
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Medtronic Product Category, Application, and Specification
7.1.3. Medtronic Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. GE Healthcare
7.3. Smiths Medical
7.4. Philips
7.5. Masimo
7.6. Nonin Medical, Inc.
7.7. Welch Allyn
7.8. CAS Medical Systems, Inc.
7.9. Spacelabs Healthcare
7.10. Contec Medical Systems Co., Ltd.