Asia-Pacific Pulse Oximeter Market Outlook, 2026

Asia-Pacific Pulse Oximeter Market Outlook, 2026

Bonafide Research 24-06-2021 106 Pages Figures : 6 Tables : 36
Region : Asia-Pacific Category : Lifescience Medical Devices

1. Koninklijke Philips

2. Beckton Dickinson

3. CASMED (Edwards Lifesciences Corporation)

4. Drager Medical Systems Inc.

5. GE Healthcare


A Pulse Oximeter is a small, lightweight & noninvasive device used to monitor the oxygen level in the body. Usually attached to fingertips, this device assesses the pulse rate & displays the oxygen percentage and the current pulse rate. The research report titled Asia-Pacific Pulse Oximeter Market Outlook, 2026 by Bonafide Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type (Fingertip, Handheld & Others), based on end-users (Hospital and Health Care Facilities & Home Care), based on countries & major companies. The Pulse Oximeter market has been revamped considering the Covid-19 impact. The growing awareness about patient safety during surgery, and increasing incidences of asthma and COPD, and the efforts undertaken by the market players, are among the dominant factors propelling the market growth in the Asian countries. The regional market was valued at USD 0.34 Billion in the year 2015, which was the third-highest market value globally. The region offers lucrative opportunities in the market backed by the high elder population base and high disposable income. The region is not only the origin of the deadly Covid-19 virus but is also the epicenter of COPD, hypertension, diabetes, cardiovascular. The increasing cases of such disorders are expected to be the major drivers for the market to grow at an anticipated CAGR of over 8%. The Asia Pacific pulse oximeters market, by type, is segmented into handheld pulse oximeters, fingertip pulse oximeters, and others which include wrist-worn pulse oximeters, and pediatric pulse oximeters. The handheld pulse oximeters segment held the largest share of the market in 2019; however, the fingertip pulse oximeters segment is expected to register the highest CAGR in the market during the forecast period. There is also a high prevalence of Sudden Infants Death in Asia. However, the cost of oximeters can stand in the way of market growth in developing countries but can be tackled by raising awareness, and also through government efforts. By the end of the forecasted period, the fingertip segment is expected to grow with an anticipated CAGR of more than 11%. The hospital & the health care segment accounts for over 85% of the market share. It is due to the increasing awareness of patient safety during anesthesia and surgery, which has led to governments and hospitals incorporating pulse oximetry in their course of treatments. Renowned institutes like the Indian Society of Anesthesiologists have recommended the use of pulse oximeters, in order to reduce the postoperative admission rate, along with minimizing the risk of cardiac arrest during the procedure. However, inaccuracies in pulse oximeter readings are expected to obstruct the growth of the home care segment in the region, yet growing with a CAGR of more than 16%. It is reported that COPD is the third leading death cause in China, which has driven the pulse oximeter market, contributing to the highest share in the region. Apart from this, Japan & India together accounted for over 28% of the regional share in 2020. As the per capita income increases in the region, people are now able to afford such devices. The governments are also implementing initiatives towards the improvement of the healthcare sector. Moreover, with the outbreak of COVID-19, the usages of pulse oximeters has surged on a large scale, which is aiding the market growth. Key industry players are undertaking other major initiatives, such as licensing agreements and strategic partnerships, to strengthen their market presence. The market leaders are introducing new products with additional features to sustain them in the competitive market. The Koninklijke Philips NV & CASMED (Edwards Lifesciences Corporation) together accounted for slightly higher than 10% of the total market share. Other major players are Covidien (Medtroni PLCc), Nihon Kohden Corporation, Smiths Medical International, Welch Allyn INC, Spacelabs Healthcare, Meditech, GE Healthcare, etc. CONSIDERED IN THE REPORT • Geography: Asia-Pacific • Base year: 2020 • Historical year: 2015 • Forecasted year: 2026 REGIONS COVERED: • Asia-Pacific • China • Japan • Australia • India ASPECTS COVERED IN THE REPORT • Market Size by Value for the period (2015-2026F) • Market Share by Product type (Fingertip, Handheld & Others) • Market Share by End User (Hospital and Health Care Facilities & Home Care) • Market Share by Country • Market Share by Company

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