Vietnam Pulse Oximeter Market to Grow with a CAGR of 6.98% through 2030

Increasing Prevalence of Respiratory and Cardiovascular Diseases and Rising Medical Tourism and Hospital Expansion are expected to drive the Vietnam Pulse Oximeter Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Vietnam Pulse Oximeter Market – By Region, Competition, Forecast & Opportunities, 2030F”, the Vietnam Pulse Oximeter Market stood at USD 22.12 Million in 2024 and is anticipated to grow with a CAGR of 6.98% in the forecast period, 2026-2030.

The growing preference for home-based healthcare solutions in Vietnam, particularly among the elderly and individuals with chronic illnesses, has significantly boosted the adoption of pulse oximeters. The post-COVID-19 era has reshaped consumer health behavior, with a strong emphasis on proactive health monitoring rather than reactive treatment. As more Vietnamese households prioritize early detection of oxygen level fluctuations, pulse oximeters have become essential for managing conditions such as chronic obstructive pulmonary disease (COPD), cardiovascular diseases, and post-COVID respiratory issues. Their affordability, ease of use, and non-invasive nature have made them an ideal solution for individuals seeking convenient at-home health monitoring.

Technological advancements in pulse oximetry are also playing a crucial role in expanding market penetration. Continuous research and development (R&D) investments by medical device manufacturers have led to the introduction of wireless and Bluetooth-enabled pulse oximeters, allowing seamless integration with smartphones and wearable devices for real-time health tracking. Additionally, artificial intelligence (AI)-driven diagnostics are transforming pulse oximeters into predictive healthcare tools, offering early insights into respiratory and cardiovascular conditions. Further innovations, such as improved sensor accuracy, ensure reliable readings even in cases of low perfusion or excessive patient movement, making these devices more effective in both clinical and home settings.

Government initiatives and investments in healthcare infrastructure are further driving the adoption of pulse oximeters in Vietnam. The Ministry of Health has been actively working to enhance medical services, particularly in rural and underserved areas, by improving healthcare accessibility and promoting early disease detection. Public awareness campaigns focusing on respiratory and cardiovascular health have encouraged greater use of pulse oximeters as a preventive healthcare tool. Additionally, Vietnam’s supportive regulatory environment through streamlined medical device import approvals and local manufacturing incentives has made pulse oximeters more widely available and affordable.

Beyond healthcare facilities, the demand for pulse oximeters is increasing in corporate wellness programs, particularly in industries with high occupational health risks, such as manufacturing, construction, and mining. Companies are integrating oxygen level monitoring into routine employee health screenings to prevent workplace-related health complications. This trend reflects a broader shift toward prioritizing health and safety in professional environments, further expanding the market reach of pulse oximeters in Vietnam.

With a combination of demographic shifts, technological advancements, and government-backed healthcare initiatives, the Vietnam pulse oximeter market is poised for continued expansion. As health-conscious consumers and institutions increasingly embrace remote monitoring and preventive healthcare, pulse oximeters are becoming an essential tool in Vietnam’s evolving healthcare landscape.

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The Vietnam Pulse Oximeter Market is segmented into component, type, age group, end users, regional distribution, and company.

Based on its age group, the adult segment has emerged as the predominant market leader, A key factor contributing to the dominance of the adult segment is the rising incidence of chronic illnesses such as hypertension, ischemic heart disease, chronic obstructive pulmonary disease (COPD), and diabetes, all of which require regular oxygen level monitoring. Vietnam has witnessed a notable increase in respiratory conditions, particularly among urban populations, due to worsening air pollution and occupational health hazards. Additionally, with cardiovascular diseases being the leading cause of death in Vietnam, hospitals, outpatient clinics, and home users increasingly rely on pulse oximeters for early detection and management of oxygen saturation levels. The aging population further amplifies the demand for pulse oximeters in the adult segment. With a growing number of elderly individuals managing age-related respiratory and cardiac conditions, home-based and long-term care settings are increasingly integrating pulse oximetry into routine health monitoring. Post-pandemic, self-monitoring trends have surged, with adults actively adopting fingertip pulse oximeters for personal use, reinforcing the segment’s dominance.

Based on its end user, the Hospitals segment has emerged as the predominant market leader, In the Vietnam pulse oximeter market, the hospitals segment holds the largest share, driven by high patient inflow, increasing critical care demand, and the expansion of medical infrastructure. Hospitals remain the primary end users of pulse oximeters due to their essential role in emergency care, surgical procedures, intensive care units (ICUs), and general patient monitoring. As Vietnam continues to develop its healthcare system, investment in hospital facilities, technology integration, and medical device procurement has significantly increased, further strengthening this segment’s dominance. A key factor supporting the hospital segment’s leadership is the rising prevalence of respiratory and cardiovascular diseases (CVDs). With CVDs being the leading cause of death in Vietnam and chronic respiratory conditions such as COPD, pneumonia, and asthma on the rise, hospitals rely on pulse oximeters for continuous oxygen saturation monitoring. These devices are critical in ICUs, emergency departments, and post-operative care units, where real-time SpO₂ readings help in early detection of hypoxia and respiratory distress.

The impact of medical tourism and hospital expansion further contributes to this segment's dominance. Vietnam has become a regional hub for affordable medical treatments, attracting thousands of international patients annually. As a result, hospitals are modernizing their infrastructure, integrating advanced monitoring devices, and adopting high-precision pulse oximeters to meet international healthcare standards. Government initiatives to increase private hospital capacity and expand healthcare access in rural areas have also led to higher procurement of multi-patient pulse oximeter systems.

Major companies operating in Vietnam Pulse Oximeter Market are:

• Medtronic Vietnam Co., Ltd
• MTTS Co., Ltd
• Koninklijke Philips NV
• GE Vietnam Limited
• Nihon Kohden Vietnam Company Limited
• Draeger Vietnam Co., Ltd

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“The Vietnam pulse oximeter market is on a strong growth trajectory, driven by rising healthcare awareness, increasing prevalence of respiratory and cardiovascular diseases, and advancements in medical technology. As hospitals continue to expand, home healthcare adoption rises, and government initiatives support healthcare accessibility, the demand for pulse oximeters is expected to surge across both institutional and consumer segments. Additionally, technological innovations, including AI-driven diagnostics and smart health monitoring solutions, are enhancing the accuracy and usability of pulse oximeters, positioning them as an integral component of Vietnam’s evolving healthcare landscape. The market will continue to benefit from ongoing investments in medical infrastructure, a growing elderly population, and a shift toward preventive healthcare. While challenges such as cost barriers and limited access in rural areas remain, strategic collaborations, regulatory support, and product innovations will play a crucial role in ensuring market expansion. As Vietnam moves toward a more digitally connected and patient-centric healthcare system, the pulse oximeter market is poised for sustained growth, offering significant opportunities for both local and international medical device manufacturers”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vietnam Pulse Oximeter Market, By Component (Monitors, Sensors), By Type (Portable Pulse Oximeter, Tabletop/Bed side Pulse Oximeter), By Age Group (Adult, Pediatric), By End User (Hospitals, Home Care, Outpatient Facilities, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Vietnam Pulse Oximeter Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Pulse Oximeter Market.

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