Pulse Oximeter Market held 2 USD billion in 2020 and is to grow with a CAGR of 7.11% from 2020-2030.The pulse oximeter device can be used to measure arterial oxygen saturation (SpO2) and pulse rate. Pinch a red-light-emitting gadget (probe) between your fingers to calculate. Oxygen from the lungs attaches to haemoglobin in red blood cells and travels through the body. It measures the proportion of haemoglobin in red blood cells circulating in the circulation is known as oxygen saturation (SpO2).

Market Dynamics and Factors:

Over the projected period, a pulse oximeter prominent market driver is likely to be the rising incidence of target illnesses such as asthma, hyperlipidemia, hypertension, diabetes, ischemic conditions, cardiac arrhythmia, sleep apnea, and COPD. According to the World Health Organization, over 64 million people worldwide suffer with COPD, with over 90% of COPD-related fatalities happening in low- and middle-income countries. Also, increasing prevelence of the COVID-19 infection cases around the globe has propelled the pulse Oximeter market growth. For instance, according to the Worldometer Information in May 2021, globally more than 175.17 Million Covid-19 cases have been diagnosed and over 3.7 Million people have been died due to COVID-19 infection. It created massive demand for the pulse oximeter market.

Market Segmentation:

The pulse oximeter market was led by the handheld segment in 2020, with the handheld segment accounting for 42% of total revenue. The fact that these oximeters are simple to use in the event of an emergency is driving the industry. The degree of oxygen saturation in a patient's blood can have a big impact on the treatment's outcome. Market growth is expected to be aided by an increase in the number of stroke patients and procedures.

Geographic Analysis:

Because of rising awareness of the need of monitoring respiratory vitals among the general public, North America dominated the pulse oximeter market and held the greatest revenue share of 49.1 percent in 2020. Pulse oximeters are reimbursed using three CPT codes: 94760, 94761, and 94762, according to Current Procedural Terminology. The usage of a pulse oximeter is thought to be flexible.

Competitive Scenario:

To enhance pulse oximeter market share, prominent companies are likely to use different techniques such as product launches and acquisitions. Vyaire Medical, for example, made its MX40, a reusable telemetry adaptor, commercially accessible in the United States in January 2020. This device has a SpO2 port that works with Philips 9 pin pulse oximeter sensors and Masimo LNCS pulse oximeters.

Some of the leading players for the pulse oximeter market includes Medtronic (Covidien), Meditech Equipment Co., Spacelabs Healthcare, Masimo, Philips Healthcare, Nihon Kohden Corporation, Carefusion Corp., Smiths Medical, Opto Circuits India Ltd., Nonin Medical, Inc, Welch Allyn, CAS Medical Systems, Inc., GE Healthcare, and among others.

Pulse Oximeter Market Report Scope

Report Attribute	Details
Analysis Period	2020–2030
Base Year	2021
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Growth Rate (CAGR%)	7.11 %
Market Segmentation:	By Type (Handheld, and Fingertip), By Technology (Homecare, Hospitals, and Other Healthcare Facilities)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa)
Key Companies Profiled	Medtronic (Covidien), Meditech Equipment Co., Spacelabs Healthcare, Masimo, Philips Healthcare, Nihon Kohden Corporation, Carefusion Corp., Smiths Medical, Opto Circuits India Ltd., Nonin Medical, Inc, Welch Allyn, CAS Medical Systems, Inc., GE Healthcare, and among others.