Chan Ye Xin Xi Wang·2025-11-26 02:42Core Insights - The blood oxygen monitor industry in China is experiencing strong growth driven by the increasing prevalence of chronic respiratory and cardiovascular diseases, particularly due to the aging population, which has led to a significant rise in demand for long-term blood oxygen monitoring [1][9] - The market size of the blood oxygen monitor industry in China is projected to grow from 3.8 billion yuan in 2019 to 4.5 billion yuan in 2024, with a compound annual growth rate (CAGR) of 3.44%. By 2030, the market size is expected to exceed 8 billion yuan, indicating a promising future for the industry [1][9] - The rapid adoption of telemedicine and the general increase in public health awareness are facilitating the transition of blood oxygen monitors from professional medical settings to home care and chronic disease management [1][9] Industry Overview - Blood oxygen monitors are medical devices used to measure vital indicators such as blood oxygen saturation and heart rate, with common types including fingertip, wrist, tabletop, handheld, and wearable monitors [3] - The industry has evolved significantly since the mid-1990s, transitioning from professional medical use to home and mobile applications, with advancements in technology enabling features like data collection and remote monitoring [3] Industry Policies - Blood oxygen monitors are classified as Class II medical devices under the Medical Device Supervision and Administration Regulations, requiring strict management to ensure safety and effectiveness [4] - Recent government policies aim to enhance the development of the blood oxygen monitor industry, including measures for intellectual property protection and subsidies for consumers purchasing medical devices [4] Market Dynamics - The aging population in China is a key driver for the demand for blood oxygen monitors, with the number of individuals aged 60 and above expected to reach 31.03 million by the end of 2024, accounting for 22% of the total population [5] - The blood oxygen monitor industry is supported by a robust supply chain, including raw materials, manufacturing, and sales channels, with both online and offline distribution methods [5][6] Competitive Landscape - The global blood oxygen monitor market is characterized by a mix of established international players and emerging domestic brands, with companies like Masimo Corporation and Philips leading in high-end medical-grade monitors [10][11] - Chinese companies such as Yuyue Medical and Kangtai Medical are gaining market share by offering competitive products in the mid to low-end segments, with a focus on quality and performance [10][11] Future Trends - The blood oxygen monitor industry is expected to see advancements in smart technology, enabling continuous data collection and personalized health management [14] - The trend towards portability will drive the development of smaller, lighter devices that integrate with wearable technology, enhancing user convenience [15] - The application scenarios for blood oxygen monitors are expanding beyond traditional medical settings to include fitness, high-altitude travel, and workplace health management [16]