The pulse oximeter probes market is gaining traction globally due to the increasing need for continuous and noninvasive monitoring of oxygen saturation levels. These probes are essential components of pulse oximetry devices, widely used in hospitals, clinics, ambulatory settings, and home healthcare. The market is driven by rising respiratory and cardiac conditions, growing demand for remote patient monitoring, and advancements in sensor technology. As healthcare systems emphasize early detection and home-based care, the adoption of reliable, easy-to-use pulse oximeter probes continues to expand across both developed and emerging markets.
According to Fortune Business Insights, the global pulse oximeter probes market was valued at USD 2.70 billion in 2024. The market is projected to grow from USD 3.02 billion in 2025 to USD 6.99 billion by 2032, exhibiting a CAGR of 12.7% during the forecast period. In 2024, North America dominated the pulse oximeter probes market with a market share of 59.26%.
In October 2024, Nonin partnered with Tenovi to enhance their remote patient monitoring offerings with advanced pulse oximetry technology—an indication of growing emphasis on home healthcare and connectivity.