The global pulse oximeters market has witnessed significant growth in recent years. In 2022, the market value reached an impressive US$ 2.3 Billion, and it is projected to reach US$ 3.5 Billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 7% during the period from 2023 to 2028. According to reputable analysts, this growth can be attributed to the continuous advancements in technology by leading pulse oximeter companies.
These companies are focusing on enhancing the precision and reliability of pulse oximeters through innovations in microprocessor technology, light-emitting diodes, and photoelectric sensors. Extensive research and development (R&D) initiatives and clinical trials have also contributed to the introduction of more efficient variants in the market.
Let’s take a closer look at some of the prominent players in the global pulse oximeters market:
CAS Medical Systems Inc. (Edward Lifesciences)
Established in 1984 and headquartered in Irvine, California, United States.
CONTEC Medical Systems Co. Ltd.
Established in 1992 and headquartered in Qinhuangdao, China.
Koninklijke Philips NV
Established in 1891 and headquartered in Amsterdam, Netherlands.
Masimo Medtronic Plc
Established in 1989 and headquartered in Irvine, California, United States.
Nonin Medical Inc.
Established in 1986 and headquartered in Plymouth, Minnesota, USA.
Opto Circuits Limited
Established in 1992 and headquartered in Bengaluru, India.
Smiths Medical, Inc.
Established in 1940 and headquartered in Minneapolis, Minnesota, United States.
Spacelabs Healthcare (OSI Systems)
Established in 1958 and headquartered in Snoqualmie, Washington, United States.
Welch Allyn (Hill-Rom)
Established in 1915 and headquartered in Chicago.
One More Choice: UTrueMed Co., Ltd.
Additionally, UTrueMed Co., Ltd. is a leading global pulse oximeter manufacturer, catering to medical institutions and distributors worldwide. Their pulse oximeters are known for their precision and aesthetics, combining accuracy and visual appeal. Designed for reliable performance, even in challenging medical conditions, UTrueMed’s devices are a trusted choice for patient monitoring. The company’s commitment to affordability and quality ensures that healthcare professionals receive accurate data without compromising cost. UTrueMed is dedicated to redefining patient care through precision, reliability, and unmatched value.