Top Players of Oximeter Market With Market Size | Manufacturers 2025

Top Players of Oximeter Market With Market Size

The oximeter market is characterized by a diverse range of key players who drive innovation and influence market trends. Leading companies like Masimo Corporation, Medtronic, and Nonin Medical are pivotal in shaping the industry landscape through their cutting-edge technology and strategic partnerships. These organizations are continuously investing in research and development to enhance the accuracy and functionality of their oximeters, catering to both medical professionals and consumers. In addition, they focus on expanding their global reach by entering new markets and strengthening their distribution networks. By prioritizing product quality and customer satisfaction, these key players maintain a competitive edge, fostering growth in the oximeter market.

there is a growing demand for portable and handheld oximeters, driven by the increasing prevalence of chronic respiratory diseases and an aging population. These devices offer convenience and ease of use for patients who need to regularly monitor their oxygen levels at home. As per 6Wresearch, in 2025, the market size is valued at approximately $4.2 billion. This growth trajectory is expected to continue, with projections indicating a CAGR of about 7.5% from 2025 to 2031. By the end of 2031, the market size is anticipated to reach $6.1 billion.

List of Leading Companies in the Oximeter Market

1. Medtronic

Medtronic is a global leader in healthcare technology, offering innovative solutions like pulse oximeters that cater to both hospital and homecare settings. Their devices are known for precision and reliability, aiding in the effective monitoring of blood oxygen levels.

2. Nonin Medical, Inc.

Known for its pioneering work in pulse oximetry, Nonin Medical produces portable, easy-to-use oximeters trusted by medical professionals around the world.

3. Philips Healthcare

A prominent player in the health technology sector, Philips offers a range of oximetry solutions integrated into broader patient monitoring systems, emphasizing accuracy and patient comfort.

4. Masimo Corporation

Masimo is renowned for its breakthrough technologies in non-invasive monitoring, including sophisticated pulse oximeters that provide advanced measurements beyond standard oxygen saturation.

5. GE Healthcare

GE Healthcare develops comprehensive patient monitoring devices, including pulse oximeters, supporting critical care environments with innovative and robust solutions.

6. Mindray Medical International Limited

Mindray is a leading supplier of medical devices and solutions, including pulse oximeters that integrate seamlessly with their monitoring systems, known for cost-effectiveness and reliability.

7. Smiths Medical

As a division of Smiths Group, this company manufactures medical devices including high-performance oximeters, known for their use in operating rooms and intensive care units.

8. Meditech Equipment

Specializing in affordable medical diagnostics, Meditech provides a variety of oximeters that are popular in emerging markets for their effective functionality and user-friendly designs.

9. Nihon Kohden Corporation

Nihon Kohden produces premium-level pulse oximeters, focusing on delivering high accuracy and ease of use, making them a preferred choice in hospital settings worldwide.

10. Drägerwerk AG

Dräger is known for high-quality medical equipment production, including reliable pulse oximeters, often used in hospitals and other healthcare facilities to ensure patient safety and accurate monitoring.

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