Wearable Oxygen Monitoring Device Market By Product Type (Pulse Oximeters, {Fingertip Pulse Oximeters, Wrist-worn Pulse Oximeters, Ring-style Pulse Oximeters}, Smart Wearables, {Smartwatches with Oxygen Monitoring, Fitness Bands with SpO2 Sensors}, Other), By Application (Medical Monitoring, {Chronic Respiratory Diseases, Cardiovascular Monitoring}, Sports and Fitness, {Athletic Training, General Health Monitoring}), By End-User (Healthcare Providers, Sports and Fitness Enthusiasts, General Consumers, Others), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

Industry Outlook

The Wearable Oxygen Monitoring Device market accounted for USD 3.55 Billion in 2024 and is expected to reach USD 7.63 Billion by 2035, growing at a CAGR of around 7.2% between 2025 and 2035.  The wearable oxygen monitoring device market includes portable and noninvasive equipment with the capability to monitor oxygen saturation (SpO₂) in real-time. These devices are, for instance, employed in monitoring the physiological status of patients with chronic respiratory disorders, athletes, and anyone who wishes to monitor his or her physiological status. These devices, together with IoT and telemedicine platforms, ensure a user gets a remote health check and early diagnosis of diseases. The market is expanding day by day due to health consciousness, increasing cases of acute and chronic diseases, and growth in wearable device technology.

Report Scope:

Market Dynamics

The rising prevalence of chronic respiratory diseases fuels device market growth.

The continual growth in the prevalence of chronic respiratory diseases, including COPD, asthma, and sleep apnea, is one of the primary growth drivers for the wearable oxygen monitoring device market. These conditions constantly need blood oxygen check-ups to avoid complications and address the signs successfully. Since millions of people are now suffering worldwide, there is a growing need for transportable, immediate oxygen-tracking methods. Smartwatches are an easy and nonrestrictive way of monitoring SpO₂ (oxygen saturation) of their conditions without frequent hospitalization. This is supplemented by an expanding understanding of respiratory health and the steady popularity of protective masks in regions with high air pollution rates and/or high tobacco consumption rates.

Growing demand for health monitoring among the aging population boosts adoption.

The high demand for wearable oxygen monitoring devices can be attributed to the increasing aging population across the world, which drives the market. Older adults are more likely to develop various chronic diseases, such as respiratory and cardiovascular diseases that demand constant surveillance. Wearable devices fill this gap as they are nonintrusive and easy to use, and the monitoring of vital parameters followed by timely interventional action would benefit the well-being of the users.

These gadgets are linked to cell phones and telemedicine apps, allowing senior citizens to send up-to-date information to caretakers or medical professionals. Wearable oxygen monitoring is more appealing to the aged population since it integrates readily to assist independent living while closely monitoring health status.

The high cost of advanced devices limits affordability for many users.

The high cost of innovative wearable oxygen monitoring devices acts as a strong restraint for the wearable oxygen monitoring device market. Sophisticated gadgets like real-time monitoring systems, cloud-connected devices, and analytic capabilities are out of reach for the ordinary user, particularly in L&MICs. This constrains market development and usage, especially among those who stand to benefit most from these technologies, including those with chronic diseases.

Potential users are being deterred by these devices' severe pricing restrictions, which do not account for extra expenses, including license fees, maintenance costs, service fees, and data charges. The devices are pricey, and healthcare systems in developing regions that receive little public financing cannot afford to subsidize them, leaving a wide gap in the availability of sophisticated health monitoring solutions.

Increasing use of wearable devices in telemedicine for remote healthcare

The integration of telemedicine with wearable oxygen monitoring devices brings new and unique growth possibilities to the market. These devices help a health care provider to track the patient’s blood oxygen and other vital signs all the time without necessarily referring the patient for frequent hospital checkups. This should be done especially for chronic diseases such as COPD, asthma, and sleep apnea because the progress has to be consistently monitored and documented to avert dreaded complications. Also, new data collected by wearables are closer to real-time, improve diagnostics, assist healthcare in tailoring its approach to the patient, and make patients more responsible for their actions.

The situation with COVID-19 and other infectious diseases influenced the development of telemedicine and wearable devices as a convenient way of organizing remote care. Another benefit of these care delivery models is that telehealth services are always changing, and wearable oxygen monitors are becoming more and more important parts of healthcare, particularly in places with poor access to healthcare or in the condition of INA.

Emerging markets present untapped potential with rising healthcare investments.

Opportunities in the wearable oxygen monitoring device market are immense, especially in the emerging Asia-Pacific and Latin American regions. These regions have rapidly growing populations, urbanization, and improvements in the healthcare delivery systems. Increased consumer disposable income and growing awareness of the advantages of personal health tracking are enhancing demand for wearable technologies. Furthermore, the rate of chronic diseases in such regions is increasing because of alterations in lifestyles. Therefore, low-cost and easily available solutions for health monitoring are more important now than formerly.

To improve the healthcare sector, finance ministries of governments in emerging economies are partnering with public and private sectors, providing subsidies for digital solutions, and investing in medical technologies. Hence, global and local producers should grab this opportunity to invest in affordable and culturally sensitive devices that will suit the differences in demography and culture. Also, as smartphones and internet connections deepen in these markets, wearable devices are seamlessly connected with health mobile applications, which enhances acceptance. Increasing healthcare investments, particularly in these developing regions, will play a significant and promising role in the growth of the international market.

Industry Experts Opinion

“We believe that this breakthrough new product will revolutionize wearable technology and health tracking. We are allowing people to take control of their health with continuous and accurate actionable biosensing information along with the convenience of being connected, but without compromising their freedom.”

• Joe Kiani, Founder and CEO of Masimo.

Segment Analysis

Based on the product type, the wearable oxygen monitoring devices market has been classified into wrist-wearable devices, finger-wearable devices, or pulse oximeters, and wearable devices integrated into smart wearable devices, including smartwatches and fitness trackers. Wrist-worn and finger-worn devices have captured the largest shares of the market because of their high precision, mobility, and simplicity.

These devices are mostly used for medical and fitness purposes of a human as they give real-time oxygen saturation (SpO₂). Smart wearables, such as smartwatches from Apple and Samsung, as well as the smart wearables that are integral to the user, are growing at a fast pace among high-tech consumers overall with health monitoring features accompanied by lifestyle features. The advancement of integrated high-powered sensors and AI into these devices improves their applicability in the realms of both health and wellness.

Based on the Application, the wearable oxygen monitoring devices market has been classified into healthcare, sports/fitness, and aviation. The healthcare segment dominates the wearable oxygen monitoring device market, especially with the increased incidence of respiratory diseases such as COPD and sleep apnea, for which continuous oxygen monitoring is crucial.

Another important category is sport and fitness applications, as technically oriented athletes and active fitness users wear wearables for improving physical performance and monitoring training-related health parameters. Further, safety in the aviation industry is maintained by the use of wearable oxygen monitoring equipment in circumstances where oxygen is essential in higher altitudes. The increasing consciousness of people on preventive health care and the need for telemedicine is yet again improving the take-up across all use cases. 

Regional Analysis

North America's wearable oxygen monitoring device market is leading due to enhanced healthcare systems, the high level of implementation of wearable health technologies, and increased customer awareness. The presence of leading market players like Masimo Corporation and Medtronic PLC also adds more strength to the region’s supremacy. Also, rising incidence rates of chronic respiratory conditions, including COPD and asthma, dedicated reimbursement policies, and the convergence of connected care have further spurred the market. The United States remains the biggest market with high demand for both the consumer and medical uses of the device.

The Asia-Pacific wearable oxygen monitoring device market is growing fast because of increased expenditure on healthcare, growth in population, and awareness of health monitoring devices. New supply, improving healthcare access, and preventive care are key factors driving the growth in wearable oxygen monitor device usage in developed Asian countries like China, India, and Japan. The improving demographic landscape of the area’s middle class, together with affordable options in wearable innovations, is among this market’s main growth enablers. Further, increased government support to enhance and realize digital healthcare along with increased smartphone penetration and IoT devices would help the region to maintain a strong growth path.

Competitive Landscape

The wearable oxygen monitoring device market competition involves industry giants and innovative entrants. Market incumbents such as Masimo Corporation, Medtronic PLC, and Nonin Medical supply innovative technologies and integrate strong international distribution systems. Current technological exemplars of wearable devices include applications by Apple Inc., Fitbit (a Google company), and Samsung Electronics Co., Ltd., where SpO₂ (pulse oximetry) monitoring is a common feature enhanced to promote usage.

There are startup companies such as Oxitone Medical Ltd. and Viatom Technology that specialize in particular domains and/or provide low-cost devices for serving the left-out population. Relations with hospitals and upswings in AI for a predictive health prognosis deepen rivalry. As a result, the market is expanding gradually in both new and existing markets as telemedicine and remote health monitoring become more widely used worldwide.

Wearable Oxygen Monitoring Device Market, Company Shares Analysis, 2024

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Recent Developments:

• In Jan 2023, Masimo and Royal Philips announced an expansion of their partnership to augment patient monitoring capabilities in home telehealth applications with the Masimo W1™ advanced health tracking watch.

• In November 2022, BiolntelliSense launched its patented, FDA-cleared, pulse oximetry (SpO2) sensor chipset and integrated processing technology that measures blood oxygen levels across the entire range of skin pigmentations, as well as during movement and activity.

Report Coverage:

By Product Type

• Pulse Oximeters
  • Fingertip Pulse Oximeters
  • Wrist-worn Pulse Oximeters
  • Ring-style Pulse Oximeters
• Smart Wearables
  • Smartwatches with Oxygen Monitoring
  • Fitness Bands with SpO2 Sensors
• Other

By Application

• Medical Monitoring
  • Chronic Respiratory Diseases
  • Cardiovascular Monitoring
• Sports and Fitness
  • Athletic Training
  • General Health Monitoring

By End-User

• Healthcare Providers 
• Sports and Fitness Enthusiasts
• General Consumers 
• Others

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of the Middle East & Africa

List of Companies:

• Masimo Corporation
• Medtronic PLC
• Nonin Medical, Inc.
• GE Healthcare
• Philips Healthcare
• Garmin Ltd.
• Apple Inc.
• Fitbit, Inc.
• Samsung Electronics Co., Ltd.
• Huawei Technologies Co., Ltd.
• Omron Healthcare, Inc.
• Withings
• AliveCor, Inc.
• Oxitone Medical Ltd.
• PulseOn
• Biotricity, Inc.
• Qardio, Inc.
• Viatom Technology Co., Ltd.

Frequently Asked Questions (FAQs)