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

Market Overview

Vietnam Pulse Oximeter Market was valued at USD 22.12 Million in 2024 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.98% through 2030. The Vietnam pulse oximeter market is witnessing significant expansion, fueled by a combination of technological advancements, increasing healthcare awareness, and demographic trends. The introduction of innovative features, including reusable sensors, fingertip models, compact designs, and digital connectivity, has enhanced the functionality and adoption of these devices across both medical institutions and homecare settings. 

Market penetration is hindered by two primary challenges the relatively high cost of advanced pulse oximeters and the uneven distribution of healthcare infrastructure, particularly in rural areas. Overcoming these barriers will be critical to ensuring broader market accessibility and sustained growth. 

The market is poised for continued expansion, supported by proactive strategies from key industry players and favorable government policies. As healthcare providers and consumers prioritize early diagnosis and remote monitoring solutions, the demand for pulse oximeters in Vietnam is expected to accelerate, solidifying the sector’s long-term growth potential.

Key Market Drivers

Increasing Prevalence of Respiratory and Cardiovascular Diseases

The increasing prevalence of respiratory and cardiovascular diseases in Vietnam is a major factor accelerating the demand for pulse oximeters. Cardiovascular disease (CVD) is the leading cause of mortality in Vietnam, with stroke and ischemic heart disease being the primary contributors to death and disability. Data from Bach Mai Hospital, the largest public hospital in Hanoi, indicates that 15% to 17% of CVD-related hospital admissions involve patients under the age of 40, highlighting the growing burden of heart disease among younger populations. As these health conditions become more widespread due to environmental, lifestyle, and demographic changes, the need for continuous and accurate oxygen monitoring has grown significantly.

In 2024, Vietnam ranked 23rd globally for the worst air quality and second worst in Southeast Asia, according to the annual report by Swiss air quality technology company IQAir. The country’s average PM2.5 concentration level reached 28.7μg/m³, exceeding the World Health Organization (WHO) guideline by five to seven times. In comparison, Chad recorded the highest pollution level worldwide at 91.8μg/m³. Vietnam’s rapid industrialization and urbanization have led to a sharp decline in air quality, especially in major cities like Ho Chi Minh City and Hanoi. High levels of air pollution, caused by vehicle emissions, industrial activities, and construction dust, have contributed to an increase in cases of chronic obstructive pulmonary disease (COPD), asthma, and lung infections. In Vietnam, chronic obstructive pulmonary disease (COPD) affects 7.1% of men aged 40 and above and 1.9% of women in the same age group, highlighting a significant public health concern among the aging population. Additionally, individuals working in industries such as manufacturing, mining, and agriculture are frequently exposed to harmful pollutants and chemicals, heightening their risk of respiratory disorders. Patients suffering from these conditions require regular blood oxygen level monitoring to detect hypoxia early and prevent complications. As a result, hospitals, clinics, and individuals are increasingly investing in pulse oximeters to enable at-home monitoring and early disease management. Government-led public health campaigns raising awareness about respiratory illnesses have further boosted consumer demand for affordable and easy-to-use pulse oximeters.

Cardiovascular diseases (CVDs) remain a leading cause of mortality in Vietnam, driven by an aging population, dietary shifts, sedentary lifestyles, and high tobacco consumption. Conditions such as hypertension, coronary artery disease, and heart failure require ongoing monitoring of vital parameters, including oxygen saturation (SpO₂) and heart rate. Pulse oximeters provide non-invasive, real-time monitoring, allowing individuals with heart conditions to track fluctuations in oxygen levels and detect early signs of distress. Healthcare providers are integrating pulse oximetry into routine cardiac care and post-operative monitoring, increasing device adoption across hospitals and specialty cardiac centers. With Vietnam’s rising focus on preventive healthcare, more patients are incorporating pulse oximeters into their self-care routines to avoid emergency situations. Vietnam bears a substantial burden of respiratory infections, particularly pneumonia, with children under five being the most vulnerable. Contributing factors include air pollution, malnutrition, and low breastfeeding rates. The country ranks among those with the highest pneumonia rates globally, with an estimated 2.9 million cases reported annually. Vietnam experiences frequent outbreaks of respiratory infections such as influenza, pneumonia, and tuberculosis, exacerbated by humid weather conditions and dense urban populations. Infections like COVID-19 have further emphasized the importance of continuous oxygen monitoring for early intervention and hospitalization decisions. During peak flu seasons and pandemic surges, pulse oximeters become essential tools in triage management, enabling both individuals and medical professionals to detect silent hypoxia before severe complications arise. Government and NGO initiatives have played a role in distributing pulse oximeters to high-risk groups, further driving market penetration. Retail and e-commerce sales of pulse oximeters have surged due to increased consumer awareness about their role in monitoring respiratory infections.

Rising Medical Tourism and Hospital Expansion

Vietnam's healthcare sector is undergoing rapid transformation, fueled by a surge in medical tourism and significant hospital expansion. These developments are increasing the demand for advanced medical equipment, including pulse oximeters, which are now essential for patient monitoring across various healthcare settings. In 2023, 300,000 foreign visitors traveled to Vietnam for medical check-ups, while 57,000 sought inpatient treatment. Vietnam's healthcare services remain significantly more affordable compared to many other countries, making it an attractive destination for medical tourism. Ho Chi Minh City accounts for 40% of all medical tourists, solidifying its position as the country’s leading hub for international healthcare services. Vietnam is emerging as a preferred medical tourism destination in Southeast Asia, attracting both regional and international patients seeking affordable yet high-quality healthcare services. This growth is driven by: Competitive medical costs, which are significantly lower than those in Western countries and neighboring nations like Thailand and Singapore. Highly skilled medical professionals trained in advanced treatment protocols. Expanding private hospitals and specialty clinics catering to foreign patients. Pulse oximeters are crucial in preoperative and postoperative care, particularly for cardiac, pulmonary, and surgical patients who require continuous oxygen level monitoring. As medical tourism grows, hospitals and specialty clinics are investing in high-end, hospital-grade pulse oximeters to enhance patient safety and meet international healthcare standards.

Currently, 23.4% of hospitals in Vietnam are privately owned. The government has set a target to expand private hospital bed capacity from 6% to 15% by 2030 and further increase it to 25% by 2050, aiming to strengthen the role of the private sector in the country’s healthcare system. Vietnam’s private healthcare sector is witnessing substantial investment, with new hospitals, clinics, and diagnostic centers being established to accommodate both domestic and international patients. Leading private hospital chains and international healthcare providers are investing in state-of-the-art facilities, further increasing demand for advanced monitoring devices. Cardiology and pulmonology departments are among the largest consumers of pulse oximeters, as they require real-time oxygen saturation monitoring for patients with heart and lung conditions. ICUs, emergency rooms, and surgical wards rely heavily on pulse oximeters to ensure continuous patient monitoring and early detection of hypoxia. Home healthcare services offered by private hospitals have further boosted demand for portable and wireless pulse oximeters, enabling remote patient monitoring.

Download Free Sample Report

Key Market Challenges

High Costs and Affordability Issues Limiting Market Penetration

While basic pulse oximeters are available at relatively low prices, high-end models with advanced features such as wireless connectivity, multi-parameter monitoring, and AI-driven diagnostics remain expensive for many healthcare facilities and individual users.  Vietnam imports a significant portion of its medical equipment, leading to higher retail prices due to import duties, shipping costs, and distribution markups. The absence of large-scale, domestic production of medical-grade pulse oximeters prevents cost reduction through local supply chains. Public hospitals and smaller healthcare facilities often operate on tight budgets, prioritizing essential medical equipment over pulse oximeters. Similarly, many consumers in lower-income segments opt for cheaper, lower-quality devices or avoid purchasing altogether due to financial constraints.

These pricing challenges restrict adoption rates in both clinical settings and home healthcare markets, slowing down overall market growth. To overcome this barrier, government incentives, local production initiatives, and pricing strategies need to be implemented to make pulse oximeters more accessible.

Limited Healthcare Access in Rural and Underserved Regions

Vietnam’s healthcare infrastructure remains unevenly distributed, with urban hospitals and private healthcare facilities being well-equipped, while rural and remote areas face shortages of essential medical equipment, including pulse oximeters. Many community health centers and district hospitals lack adequate resources and funding to procure modern monitoring devices, limiting the use of pulse oximeters in patient care. The availability of quality medical equipment in remote provinces is restricted due to poor supply chain networks, long transportation times, and high distribution costs. Many healthcare workers in rural regions lack proper training on how to use pulse oximeters effectively, leading to underutilization even when devices are available. This challenge reduces market penetration outside major urban centers, restricting overall industry expansion. Addressing this issue requires government-backed initiatives, improved distribution networks, and training programs to enhance accessibility and usage across Vietnam’s healthcare landscape.

Key Market Trends

Digitalization of Healthcare and Integration of Smart Monitoring Devices

Vietnam's healthcare sector is witnessing a rapid shift towards digital health solutions, driven by government initiatives and private-sector investments. Wireless and Bluetooth-enabled connectivity, allowing real-time data transfer to healthcare providers and mobile applications. Integration with telemedicine platforms, enabling remote monitoring of patients with chronic conditions such as COPD, asthma, and cardiovascular diseases. AI-powered analytics and predictive health insights, helping detect early signs of oxygen deprivation and respiratory distress before symptoms become severe. With the rise of telemedicine services, hospitals, clinics, and even home users are embracing connected health devices, ensuring that pulse oximeters become an integral part of Vietnam’s remote patient monitoring ecosystem. This trend is reshaping how oxygen saturation levels are tracked and managed, expanding the pulse oximeter market beyond hospitals and into home-based healthcare solutions.

Increasing Consumer Demand for Wearable and Non-Invasive Health Devices

Vietnamese consumers are becoming more health-conscious, with rising interest in wearable medical devices that provide real-time health insights. Higher adoption of smartwatches and fitness trackers with built-in SpO₂ monitoring. Leading brands such as Apple, Samsung, and Garmin have introduced devices that track oxygen saturation, making pulse oximetry a mainstream health metric. Growth in at-home health monitoring, especially among individuals with respiratory conditions, elderly populations, and post-COVID-19 patients who require regular oxygen level tracking. Demand for compact, easy-to-use, and non-invasive medical devices, driving innovation in fingerclip, wrist-worn, and contactless pulse oximeters. As wearable technology continues to gain popularity, pulse oximetry functions are being integrated into consumer-friendly devices, making oxygen saturation monitoring more accessible and widely adopted. This trend is significantly expanding the market by bringing pulse oximeters from clinical settings to everyday health-conscious users.

Segmental Insights

Component Insights

Based on the category of Component, the Monitor segment emerged as the fastest growing segment in the Vietnam Pulse Oximeter Market in 2024. Vietnam’s healthcare sector is undergoing significant modernization, with hospitals investing in high-end monitoring devices to improve patient outcomes. Increased ICU and emergency room admissions, where continuous SpO₂ monitoring is essential for critically ill patients. Growth in surgical procedures and anesthesia monitoring, requiring real-time oxygen saturation tracking to ensure patient safety. Expansion of private hospitals and specialty clinics, leading to higher procurement of multi-functional monitoring devices with pulse oximetry capabilities. Vietnam’s government is also prioritizing healthcare infrastructure improvements, leading to higher investments in advanced medical equipment, further driving the demand for pulse oximeter monitors in clinical settings.

Modern pulse oximeter monitors are no longer standalone SpO₂ measuring devices; instead, they are integrated into comprehensive patient monitoring systems that track multiple vital signs simultaneously. AI-driven diagnostics, enhance accuracy and provide predictive insights for early detection of respiratory distress. Wireless and cloud-based connectivity, allowing seamless integration with electronic health records (EHRs) for improved patient data management. Portable and bedside monitoring solutions, increasing accessibility in both hospital wards and home healthcare settings. These innovations are making pulse oximeter monitors indispensable in both acute care and long-term disease management, further solidifying this segment’s rapid growth. These factors are expected to drive the growth of this segment.

Type Insights

Based on the category of Type, the Portable Pulse Oximeter segment dominate the Vietnam Pulse Oximeter Market in 2024. Vietnam’s healthcare landscape is shifting toward preventive care and home-based disease management, leading to higher adoption of portable pulse oximeters for individual use. With a growing number of elderly individuals and patients suffering from COPD, cardiovascular diseases, and post-COVID respiratory complications, the demand for at-home pulse oximeters has surged. More individuals are actively monitoring their oxygen levels as part of fitness tracking, respiratory health management, and preventive care. Portable pulse oximeters are cost-effective and easy to use, making them accessible to a broad consumer base, from home users to professional caregivers. Unlike tabletop or bedside pulse oximeters, which are primarily used in hospital settings, portable models offer flexibility and ease of access, making them the preferred choice for both medical professionals and individual consumers.

While bedside pulse oximeters are essential for intensive care and long-term patient monitoring, portable pulse oximeters are increasingly favored in hospitals and outpatient settings due to their versatility and efficiency. Portable pulse oximeters enable rapid oxygen level assessment in critical care situations, ensuring quick intervention during emergency cases, surgeries, and post-operative monitoring. Many healthcare facilities in Vietnam prioritize mobility and ease of use, making portable pulse oximeters ideal for routine check-ups, patient triage, and non-critical care units. Portable pulse oximeters reduce the dependency on large bedside units, optimizing resource allocation and making them a practical investment for public and private hospitals alike. This adaptability has solidified the dominance of portable pulse oximeters in both clinical and non-clinical settings, driving consistent market growth.

Download Free Sample Report

Regional Insights

Southern Vietnam emerged as the largest market in the Vietnam Pulse Oximeter Market in 2024, holding the largest market share in terms of value. Southern Vietnam, particularly Ho Chi Minh City, Binh Duong, and Dong Nai, is home to some of Vietnam’s largest and most advanced healthcare facilities, fueling demand for clinical-grade pulse oximeters. Many international-standard private hospitals and specialty clinics are opening in HCMC and surrounding areas, further driving demand for premium-grade pulse oximeters. With continuous hospital expansion and rising patient volumes, Southern Vietnam remains the dominant region for medical-grade pulse oximeter sales.

Southern Vietnam has the highest urbanization rate in the country, with Ho Chi Minh City, Can Tho, and surrounding areas leading in terms of economic growth and healthcare spending. With an increasing number of residents suffering from COPD, cardiovascular diseases, and post-COVID complications, home-use finger pulse oximeters and wearable oxygen monitoring devices are seeing strong demand. Southern Vietnam’s residents have greater purchasing power, allowing for increased adoption of advanced and connected pulse oximeters, including Bluetooth-enabled and AI-integrated models. More families in HCMC and neighboring provinces are investing in home healthcare solutions, driving demand for portable pulse oximeters for daily monitoring. The concentration of high-income, health-conscious consumers has solidified Southern Vietnam’s position as the largest market for consumer-grade pulse oximeters.

Recent Developments

• In November 2023- Nihon Kohden Corporation has announced the establishment of a new sales subsidiary in Vietnam as part of its strategic expansion efforts. The new entity will operate as a wholly owned subsidiary of Nihon Kohden Singapore (NKS), one of the company’s key regional sales hubs. This move aims to streamline the medical device registration process and enhance market penetration in Vietnam’s growing healthcare sector. The subsidiary is expected to strengthen Nihon Kohden’s distribution network, improve customer support, and accelerate sales growth in the region. Operations are set to commence in March 2024, marking a significant step in the company’s commitment to expanding its footprint in Southeast Asia.

Key Market Players

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

Report Scope:

In this report, the Vietnam Pulse Oximeter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Pulse Oximeter Market, By Component:

o   Monitors

o   Sensors

• Vietnam Pulse Oximeter Market, By Type:

o   Portable Pulse Oximeter

o   Tabletop/Bed side Pulse Oximeter

• Vietnam Pulse Oximeter Market, By Age Group:

o   Adult

o   Pediatric

• Vietnam Pulse Oximeter Market, By End User:

o   Hospitals

o   Home Care

o   Outpatient Facilities

o   Others

• Vietnam Pulse Oximeter Market, By Region:

o   Northern Vietnam

o   Central Vietnam

o   Southern Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vietnam Pulse Oximeter Market.

Available Customizations:

 Vietnam Pulse Oximeter market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

 Vietnam Pulse Oximeter Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com