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Pulse Oximeters Market
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Pulse Oximeters Market

Home Medical Devices Pulse Oximeters Market

Pulse Oximeters Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Product (Sensors, Equipment), By Type (Portable Pulse Oximeters, Bedside/Tabletop Pulse Oximeters), By Technology (Conventional Devices, Connected Devices), By Age-Group (Adults, Pediatrics), By End-User (Hospitals, Home Care Settings, Ambulatory Care Centers), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: October 2021
  • Report ID: BWC21132
  • Available Format: PDF
  • Page: 191

Report Overview

As various respiratory conditions and cardiac diseases are becoming more prevalent worldwide, pulse oximeter market is experiencing a high CAGR due to the high demand for both medical and non-medical surgical procedures.

Global Pulse Oximeters Market- Industry Trends & Forecast Report 2027

Global pulse oximeters market was worth USD 2.1 billion in 2020 and is likely to reach USD 4.1 billion by 2027, growing at the CAGR of 10.1% in the forecast period. The pulse oximeter market is driven by the increasing incidence of heart disorders like heart attacks and heart failure, the availability of oximeters at competitive prices, and its ease of use. Furthermore, technological advancements in medical devices are expected to boost the market in the forecast period. Also, the number of stroke and surgeries is likely to rise over the forecast period, boosting the market growth.

Pulse Oximeters Market

Source: BlueWeave Consulting

Pulse Oximeters Market- Overview

The pulse oximeter measures oxygen saturation in the red blood cells (spO2) using a small device that clips to the finger or earlobe. Over the past year, this tool has grown in popularity as a useful tool for diagnosing COVID-19. It is important to seek medical attention as soon as possible if one has low oxygen levels. This device is used for measuring how well one’s heart functions in sending oxygen to different parts of your body far from the heart, such as the arms and legs.

Pulse Oximeters Market Forecast and Trends

Growth Drivers

Increasing Prevalence of Target Diseases

Pulse oximeters prove to be very useful for patients with respiratory or cardiac problems, especially COPD, or diagnoses of sleep disorders such as apnea and hypopnea. Many of these diseases are related to lifestyle choices. Medical professionals use pulse oximeters to examine various respiratory conditions or suggest using them to deal with these problems daily. For instance, for patients with obstructive sleep apnea, pulse oximetry readings will be in the 70–90% range for much of the time spent attempting to sleep. These factors are propelling the growth of the pulse oximeters market.

Growing Demand for Medical Devices in Home Care Settings

A pulse oximeter is used in a medical setting, at home, and when there is an emergency medical situation. However, the growing number of out-patients demanding pulse oximeters for regular oxygen level check-up in their home-care settings is emerging as the major driving factor for the pulse oximeters market. The rapidly growing geriatric population and many differently-abled patients unable to visit healthcare facilities for regular health checkups demand pulse oximeters in home-care settings, which is also influencing its market growth. Furthermore, the manufacturers are also launching portable and handheld oximeters that are convenient to use.

Restraints

Concern Surrounding the Accuracy of Pulse Oximeters

Oximeters tend to be most accurate at readings O2 saturations of more than 90%. Nevertheless, if inaccuracies occur, patients' conditions may deteriorate and even become fatal. Several factors affect the accuracy of the measurements, including poor circulation, skin temperature, skin thickness, current tobacco use, use of fingernail polish, dark skin pigmentation, etc. Some reports have also revealed that Black patients may not receive accurate readings from pulse oximeters. This acts as a major threat to the growth of the pulse oximeters market.

Impact of COVID-19 on Pulse Oximeters Market

The unprecedented outbreak of the COVID-19 pandemic has had a positive impact on the pulse oximeters market. This is because of the increasing use of pulse oximeters for monitoring blood oxygen levels in both hospitals and home care settings, which proliferated its demand. COVID-19 caused lung damage, breathing problems and impaired the lung's ability to regulate blood. Even though the patients appear healthy, they have low levels of oxygen in their blood. Therefore, several health experts suggested using pulse oximeters after being diagnosed with COVID-19 to prevent oxygen deprivation. As a result, the demand for pulse oximeters witnessed sharp growth after the COVID-19 pandemic.

Pulse Oximeters Market - By Product

Based on products, the pulse oximeters market is segmented into sensors and equipment. The equipment segment holds the largest market share because of the easy availability of these devices to the general public in pharmacies and online stores. Additionally, the increasing use of pulse oximeter equipment to monitor blood oxygen levels in patients during the COVID-19 pandemic is also contributing to its market growth. Also influencing the market demand for pulse oximeters are rapid technological advances and improved product launches by manufacturers.

Pulse Oximeters Market - By Type

Based on types, the pulse oximeters market is segmented into portable pulse oximeters and bedside/tabletop pulse oximeters. The portable pulse oximeters hold the largest market share as they are cost-effective, offer high portability, and easy to use, and have better battery operations as compared to bedside/tabletop pulse oximeters. Furthermore, increasing demand for surgical operations is also propelling the growth of portable pulse oximeters. The WHO considers these items essential anesthetic equipment that must be used before a surgical procedure can be carried out.

Pulse Oximeters Market - Regional Insights

Geographically, the pulse oximeters market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounts for the largest market share because of the high awareness of medical devices for health monitoring and the increasing prevalence of heart-related health issues in the region. Due to this, the number of outpatients in the home-care settings is fueling the demand for pulse oximeters in this region. Furthermore, favorable reimbursement policies also contribute to the growth of the pulse oximeters market in North America.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the pulse oximeters market are Contec Medical Systems Co., Ltd., Smiths Group plc., GE Healthcare, Omron Corporation, Halma plc, Nonin Medical, Inc., Koninklijke Philips N.V., Nihon Kohden Corporation, Masimo Corporation, Medtronic plc, General Electric Company, Spacelabs Healthcare, Korrida Medical Systems, Drägerwerk AG & Co. KGaA, Edan Instruments, Inc., VYAIRE, Opto Circuits (India) Limited, Welch Allyn, Honeywell International Inc., and other prominent players.

The market is highly fragmented with the presence of several global and regional industry players. The companies significantly invested in R&D activities and product launches to stay ahead in the competition. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also very prominent in this market.

Recent Developments

  • In June 2021, One of the most affordable pulse oximeters on the market is the OXY10 from DetelPro, an Indian medical technology company.
  • In January 2021, TytoCare, a US-based, mobile-health platform and device company, announced the release of its FDA-cleared Fingertip Pulse Oximeter (SpO2) medical device.

 

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Product, By Type, By Technology, By Age-Group, By End-User, By Region
Key Players Contec Medical Systems Co., Ltd., Smiths Group plc., GE Healthcare, Omron Corporation, Halma plc, Nonin Medical, Inc., Koninklijke Philips N.V., Nihon Kohden Corporation, Masimo Corporation, Medtronic plc, General Electric Company, Spacelabs Healthcare, Korrida Medical Systems, Drägerwerk AG & Co. KGaA, Edan Instruments, Inc., VYAIRE, Opto Circuits (India) Limited, Welch Allyn, Honeywell International Inc., and other prominent players.

 

By Product

  • Sensors
  1. Disposable Sensors
  2. Reusable Sensors
  • Equipment

By Type

  • Portable Pulse Oximeters
  1. Handheld Pulse Oximeters
  2. Fingertip Pulse Oximeters
  3. Wearable Pulse Oximeters
  • Bedside/Tabletop Pulse Oximeters

By Technology

  • Conventional Devices
  • Connected Devices

By Age-Group

  • Adults
  • Pediatrics
  1. Neonatal Pulse Oximeters
  2. Infant & Children Pulse Oximeters

By End-User

  • Hospitals
  • Home Care Settings
  1. OTC Home Use
  2. Prescription Home Use
  • Ambulatory Care Centers

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Prevalence of Target Diseases
        2. Growing Demand for Medical Devices In Home Care Settings
      2. Restraints
        1. Concern Surrounding the Accuracy Of Pulse Oximeters
      3. Opportunities
        1. Growing Demand for Connected Devices
        2. Positive Influence of the COVID-19 Pandemic
      4. Challenges
        1. Limited Reimbursement Policies in Emerging Economies
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Pulse Oximeters Market Overview
    1. Market Estimates & Forecast by Value, 2017-2027
    2. Market Share & Forecast, by Segment
      1. By Product
        1. Sensors
          1. Disposable Sensors
          2. Reusable Sensors
        2. Equipment
      2. By Type
        1. Portable Pulse Oximeters
          1. Handheld Pulse Oximeters
          2. Fingertip Pulse Oximeters
          3. Wearable Pulse Oximeters
        2. Bedside/Tabletop Pulse Oximeters
      3. By Technology
        1. Conventional Devices
        2. Connected Devices
      4. By Age-Group
        1. Adults
        2. Pediatrics
          1. Neonatal Pulse Oximeters
          2. Infant & Children Pulse Oximeters
      5. By End-User
        1. Hospitals
        2. Home Care Settings
          1. OTC Home Use
          2. Prescription Home Use
        3. Ambulatory Care Centers
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Type
      3. By Technology
      4. By Age-Group
      5. By End-User
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Type
      3. By Technology
      4. By Age-Group
      5. By End-User
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Type
      3. By Technology
      4. By Age-Group
      5. By End-User
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Type
      3. By Technology
      4. By Age-Group
      5. By End-User
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Flow Battery Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Type
      3. By Technology
      4. By Age-Group
      5. By End-User
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2020)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Pulse Oximeters Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Contec Medical Systems Co., Ltd.
    2. Smiths Group plc.
    3. GE Healthcare
    4. Omron Corporation
    5. Halma plc
    6. Nonin Medical, Inc.
    7. Koninklijke Philips N.V.
    8. Nihon Kohden Corporation
    9. Masimo Corporation
    10. Medtronic plc
    11. General Electric Company
    12. Spacelabs Healthcare
    13. Korrida Medical Systems
    14. Drägerwerk AG & Co. KGaA
    15. Edan Instruments, Inc.
    16. VYAIRE
    17. Opto Circuits (India) Limited
    18. Welch Allyn
    19. Honeywell International Inc.
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

 

Figure 1: Pulse Oximeters Segmentation

 

Figure 2: Pulse Oximeters Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Pulse Oximeters Market Size, By Value (USD Billion), 2017-2027

 

Figure 5: Pulse Oximeters Market Share (%), By Product, By Value, 2017-2027

 

Figure 6: Pulse Oximeters Market Share (%), By Type, By Value, 2017-2027

 

Figure 7: Pulse Oximeters Market Share (%), By Technology, By Value, 2017-2027

 

Figure 8: Pulse Oximeters Market Share (%), By Age-Group, By Value, 2017-2027

 

Figure 9: Pulse Oximeters Market Share (%), By End-User, By Value, 2017-2027

 

Figure 10: Pulse Oximeters Market Share (%), By Region, By Value, 2017-2027

 

Figure 11: North America Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 12: North America Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 13: North America Flow Battery Market Share (%), By Type, By Value, 2017-2027

 

Figure 14: North America Flow Battery Market Share (%), By Technology, By Value, 2017-2027

 

Figure 15: North America Flow Battery Market Share (%), By Age-Group, By Value, 2017-2027

 

Figure 16: North America Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 17: North America Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 18: Europe Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 19: Europe Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 20: Europe Flow Battery Market Share (%), By Type, By Value, 2017-2027

 

Figure 21: Europe Flow Battery Market Share (%), By Technology, By Value, 2017-2027

 

Figure 22: Europe Flow Battery Market Share (%), By Age-Group, By Value, 2017-2027

 

Figure 23: Europe Flow Battery Market Share (%), by End-User, By Value, 2017-2027

 

Figure 24: Europe Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 25: Asia-Pacific Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 26: Asia-Pacific Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 27: Asia-Pacific Flow Battery Market Share (%), By Type, By Value, 2017-2027

 

Figure 28: Asia-Pacific Flow Battery Market Share (%), By Technology, By Value, 2017-2027

 

Figure 29: Asia-Pacific Flow Battery Market Share (%), By Age-Group, By Value, 2017-2027

 

Figure 30: Asia-Pacific Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 31: Asia-Pacific Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 32: Latin America Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 33: Latin America Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 34: Latin America Flow Battery Market Share (%), By Type, By Value, 2017-2027

 

Figure 35: Latin America Flow Battery Market Share (%), By Technology, By Value, 2017-2027

 

Figure 36: Latin America Flow Battery Market Share (%), By Age-Group, By Value, 2017-2027

 

Figure 37: Latin America Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 38: Latin America Flow Battery Market Share (%), By Country, By Value, 2017-2027

 

Figure 39: Middle East & Africa Flow Battery Market Size, By Value (USD Billion), 2017-2027

 

Figure 40: Middle East & Africa Flow Battery Market Share (%), By Product, By Value, 2017-2027

 

Figure 41: Middle East & Africa Flow Battery Market Share (%), By Type, By Value, 2017-2027

 

Figure 42: Middle East & Africa Flow Battery Market Share (%), By Technology, By Value, 2017-2027

 

Figure 43: Middle East & Africa Flow Battery Market Share (%), By Age-Group, By Value, 2017-2027

 

Figure 44: Middle East & Africa Flow Battery Market Share (%), By End-User, By Value, 2017-2027

 

Figure 45: Middle East & Africa Flow Battery Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

 

Table 1: Pulse Oximeters Market Size, By Product, By Value, 2017-2027

 

Table 2: Pulse Oximeters Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 3: Pulse Oximeters Market Size, By Technology, By Value (USD Billion), 2017-2027

 

Table 4: Pulse Oximeters Market Size, By Age-Group, By Value (USD Billion), 2017-2027

 

Table 5: Pulse Oximeters Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 6: Pulse Oximeters Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 7: North America Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 8: North America Flow Battery Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 9: North America Flow Battery Market Size, By Technology, By Value (USD Billion), 2017-2027

 

Table 10: North America Flow Battery Market Size, By Age-Group, By Value (USD Billion), 2017-2027

 

Table 11: North America Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027,

 

Table 12: Europe Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 13: Europe Flow Battery Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 14: Europe Flow Battery Market Size, By Technology, By Value (USD Billion), 2017-2027

 

Table 15: Europe Flow Battery Market Size, By Age-Group, By Value (USD Billion), 2017-2027

 

Table 16: Europe Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 17: the Asia-Pacific Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 18: the Asia-Pacific Flow Battery Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 19: the Asia-Pacific Flow Battery Market Size, By Technology, By Value (USD Billion), 2017-2027

 

Table 20: the Asia-Pacific Flow Battery Market Size, By Age-Group, By Value (USD Billion), 2017-2027

 

Table 21: the Asia-Pacific Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 22: Latin America Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 23: Latin America Flow Battery Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 24: Latin America Flow Battery Market Size, By Technology, By Value (USD Billion), 2017-2027

 

Table 25: Latin America Flow Battery Market Size, By Age-Group, By Value (USD Billion), 2017-2027

 

Table 26: Latin America Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 27: The Middle-East & Africa Flow Battery Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 28: The Middle-East & Africa Flow Battery Market Size, By Type, By Value (USD Billion), 2017-2027

 

Table 29: The Middle-East & Africa Flow Battery Market Size, By Technology, By Value (USD Billion), 2017-2027

 

Table 30: The Middle-East & Africa Flow Battery Market Size, By Age-Group, By Value (USD Billion), 2017-2027

 

Table 31: The Middle-East & Africa Flow Battery Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 32: Contec Medical Systems Co., Ltd. Financial Analysis

Table 33: Contec Medical Systems Co., Ltd. Business Overview

Table 34: Smiths Group plc. Financial Analysis

Table 35: Smiths Group plc. Business Overview

Table 36: GE Healthcare Financial Analysis

Table 37: GE Healthcare Business Overview

Table 38: Omron Corporation Financial Analysis

Table 39: Omron Corporation Business Overview

Table 40: Halma plc Financial Analysis

Table 41: Halma plc Business Overview

Table 42: Nonin Medical, Inc. Financial Analysis

Table 43: Nonin Medical, Inc. Business Overview

Table 44: Koninklijke Philips N.V. Financial Analysis

Table 45: Koninklijke Philips N.V. Business Overview

Table 46: Nihon Kohden Corporation Financial Analysis

Table 47: Nihon Kohden Corporation Business Overview

Table 48: Masimo Corporation Financial Analysis

Table 49: Masimo Corporation Business Overview

Table 50: Medtronic plc Financial Analysis

Table 51: Medtronic plc Business Overview

Table 52: General Electric Company Financial Analysis

Table 53: General Electric Company Financial Analysis

Table 52: Spacelabs Healthcare Financial Analysis

Table 53: Spacelabs Healthcare Business Overview

Table 54: Korrida Medical Systems Financial Analysis

Table 55: Korrida Medical Systems Business Overview

Table 56: Drägerwerk AG & Co. KGaA Financial Analysis

Table 57: Drägerwerk AG & Co. KGaA Business Overview

Table 58: Edan Instruments, Inc. Financial Analysis

Table 59: Edan Instruments, Inc. Business Overview

Table 60: VYAIRE Financial Analysis

Table 61: VYAIRE Business Overview

Table 62: Opto Circuits (India) Limited Financial Analysis

Table 63: Opto Circuits (India) Limited Business Overview

Table 64: Welch Allyn Financial Analysis

Table 65: Welch Allyn Business Overview

Table 66: Honeywell International Inc. Financial Analysis

Table 67: Honeywell International Inc. Business Overview

Market Segmentation

By Product

  • Sensors
  1. Disposable Sensors
  2. Reusable Sensors
  • Equipment

By Type

  • Portable Pulse Oximeters
  1. Handheld Pulse Oximeters
  2. Fingertip Pulse Oximeters
  3. Wearable Pulse Oximeters
  • Bedside/Tabletop Pulse Oximeters

By Technology

  • Conventional Devices
  • Connected Devices

By Age-Group

  • Adults
  • Pediatrics
  1. Neonatal Pulse Oximeters
  2. Infant & Children Pulse Oximeters

By End-User

  • Hospitals
  • Home Care Settings
  1. OTC Home Use
  2. Prescription Home Use
  • Ambulatory Care Centers

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The pulse oximeters market reached USD 2.1 billion in 2020.
Ans: The major factors driving the growth of the pulse oximeters market are the increasing prevalence of target diseases and growing demand for medical devices in home care settings.
Ans: The key players in the pulse oximeters market are: Contec Medical Systems Co., Ltd., Smiths Group plc., GE Healthcare, Omron Corporation, Halma plc, Nonin Medical, Inc., Koninklijke Philips N.V., Nihon Kohden Corporation, Masimo Corporation, Medtronic plc, General Electric Company, Spacelabs Healthcare, Korrida Medical Systems, Drägerwerk AG & Co. KGaA, Edan Instruments, Inc., VYAIRE, Opto Circuits (India) Limited, Welch Allyn, Honeywell International Inc., and other prominent players.
Ans: The hospitals segment accounted for the largest share in the pulse oximeters market.
Ans: North America has the largest share in the pulse oximeters market. 
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