Authored By: Sarah
11 Jul 2024

 Wearable Pulse Oximeters Market Size to grow by USD 275.59 million between 2024-2028

According to a research report “ Wearable Pulse Oximeters Market” by Product Type (Fingertip and ring pulse oximeters, Wrist-worn pulse oximeters) End-user (Hospitals and other healthcare facilities, Homecare) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 275.59 million, at a CAGR of  7.54% during the forecast period. In the healthcare industry, wearable pulse oximeters hold significant value due to their application in various medical indications, including endotracheal intubation, cardiac arrest, procedural sedation, and respiratory disorders such as asthma, chronic obstructive pulmonary disease (COPD), acute respiratory distress syndrome (ARDS), sleep disorders, and shunts in cyanotic heart disease. The global prevalence of chronic respiratory conditions, particularly asthma, COPD, and obstructive sleep apnea (OSA), is escalating at an alarming rate, with an estimated 6-7 deaths per 1,000 individuals annually worldwide. This trend is particularly prominent in developing countries, with India reporting approximately 34.2 million asthma cases in 2019, representing a 13% global share. This growing patient population necessitates the increased adoption of wearable pulse oximeters to monitor vital signs and ensure timely intervention, thereby improving patient outcomes.

Browse market data tables, figures, and in-depth TOC on “Wearable Pulse Oximeters Market” by Product Type (Fingertip and ring pulse oximeters, Wrist-worn pulse oximeters) End-user (Hospitals and other healthcare facilities, Homecare) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample


By Product Type, the Fingertip and ring pulse oximeters segment is projected to dominate the market size in 2024

In the global wearable pulse oximeters market, hospitals and healthcare facilities, including clinics and nursing homes, dominate the market share. This is primarily due to the increasing prevalence of respiratory disorders, sleep disorders, and other chronic diseases among patients. Favorable reimbursement policies, the emphasis on early disease diagnosis and prevention, and regulatory guidelines advocating the use of wearable pulse oximeters for various indications contribute to this trend. Hospitals and healthcare facilities, with their large pool of skilled clinicians and medical professionals, advanced equipment such as magnetic resonance imaging (MRI) and computed tomography (CT), and the capacity to provide comprehensive patient care, are well-positioned to capitalize on this market trend.

By End-user, Hospitals and other healthcare facilities  segment is expected to hold the largest market size for the year 2024

Fingertip pulse oximeters represent a cost-effective solution for non-clinical users, featuring integrated controllers and fingertip probes with display capabilities. These devices primarily offer basic functionalities, such as measuring peripheral oxygen saturation (SpO2) levels. However, their utility in managing patients with respiratory or chronic conditions is limited due to insufficient clinical evidence supporting their effectiveness and the absence of regulatory approvals and standardized specifications. Wellue is a leading vendor in the wearable pulse oximeter market, offering an advanced solution with their smart fingertip pulse oximeter. This device accurately measures SpO2 levels, pulse rate, perfusion index, pulse bar, and waveform in both spot-check and continuous measuring modes.

North America is forecasted to hold the largest market size by region in 2024

The North American region holds a significant market share in the global wearable pulse oximeters industry, with the United States and Canada being the primary contributors to the region's revenue growth. The region's robust healthcare infrastructure, high prevalence of respiratory disorders and chronic diseases, increasing number of surgeries, and presence of skilled medical professionals are key factors driving the market's expansion. Notable market players, including GE Healthcare Technologies Inc., Medtronic Plc, and Masimo Corp., generate a substantial portion of their revenues from North America. These companies' strong supply chain and distribution networks ensure the ready availability of advanced wearable pulse oximeter solutions in the region.

The Wearable Pulse Oximeters Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alphabet Inc.
  • American Diagnostic Corp.
  • Apple Inc.
  • Contec Medical Systems Co. Ltd.
  • Garmin Ltd.
  • GE Healthcare Technologies Inc.
  • GOQii
  • Heal Force Biomeditech Holdings Ltd.
  • Isansys Ltd.
  • Konica Minolta Inc.
  • Lepu Medical Technology Beijing Co. Ltd.
  • Masimo Corp.
  • Medtronic Plc
  • Mindray Bio medical Electronics Co. Ltd.
  • MTEC Global Co. Ltd.
  • Nonin Medical Inc.
  • OMRON Corp.
  • Oxitone medical LTD
  • Vyaire Medical Inc.
  • Wellue Health

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Research Analysis Overview

The Wearable Pulse Oximeters market is witnessing significant growth due to the increasing adoption of connected devices and IoT technology in the healthcare industry. The Technology segment, which includes wearable and portable pulse oximeters, is expected to dominate the market. The Pediatric and Adult segments are the major end-users, with a high demand for accurate and reliable devices. Fingertip pulse oximeters and handheld pulse oximeters are the most common types, with reusable probes and disposable sensors. However, product recalls due to inaccurate readings caused by factors like nail varnish, bright ambient light, venous congestion, peripheral vascular diseases, vasoconstriction, anemia, methemoglobin, and carboxyhemoglobin, pose a challenge to the market. The regulatory framework, including the American Hospital Association, plays a crucial role in ensuring the safety and efficacy of these devices. Hospitalizations due to hypoxia, low-priced oximeters, and surgical procedures are significant drivers for the market. Obstructive sleep apnea, COPD, and other respiratory conditions also contribute to the demand for wearable pulse oximeters. The market is expected to continue its growth trajectory, offering opportunities for manufacturers and investors alike.

Market Research Overview

Title: Wearable Pulse Oximeters Market: Technology Advancements and Applications in Home Medical Hubs and Healthcare Segments The Wearable Pulse Oximeters Market is witnessing significant growth due to the increasing prevalence of chronic diseases such as heart disorders, congenital heart disease, rheumatic heart disease, cerebrovascular disease, coronary heart disease, and obstructive sleep apnea. Masimo, a leading player in this market, offers signal extraction technology and Masimo SafetyNet Alert for remote monitoring of SpO2 and pulse rate. CE marking and regulatory frameworks, including the American Hospital Association and the World Health Organization, have accelerated the adoption of wearable pulse oximeters in hospitals and homecare settings. Technology advancements, such as spectrophotometry, IoT technology, and smart pulse oximeters, have enabled portable monitoring devices for the geriatric population and patients with cardiovascular diseases. Fingertip pulse oximeters and handheld pulse oximeters, with reusable probes and disposable sensors, offer cost-effective solutions for home medical hubs and end-use segments, including hospitals, pediatric, adult, and connected devices. However, product recalls due to inaccurate readings caused by factors like nail varnish, bright ambient light, venous congestion, and peripheral vascular diseases, necessitate regulatory oversight and quality control measures. Low-priced oximeters may pose challenges due to potential inaccuracies, necessitating the use of high-quality, medical-grade devices for reliable monitoring of blood oxygen saturation, pulse rate, and other vital signs. Masimo's Oxy10 pulse oximeter and DetelPro's wearable pulse oximeter are popular choices for their accuracy and advanced features. Challenges include addressing issues related to hypoxia, anemia, methemoglobin, carboxyhemoglobin, and abnormal hemoglobin, as well as addressing the needs of specific patient populations, such as those with COPD and obstructive sleep apnea. The future of wearable pulse oximeters lies in continued technology advancements and regulatory compliance, ensuring accurate and reliable monitoring for patients in various healthcare settings.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

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