India Pulse Oximeter Market By Type (Fingertip v/s Hand-Held), By Patient Type (Adult, Neonatal, Pediatric), By End User (Hospitals & Clinics, Homecare, Others) By Region, Competition, Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Pulse Oximeter Market By Type (Fingertip v/s Hand-Held), By Patient Type (Adult, Neonatal, Pediatric), By End User (Hospitals & Clinics, Homecare, Others) By Region, Competition, Forecast & Opportunities, 2018-2028F
India pulse oximeter market stood at USD 79.44 Million in 2022 and is expected to reach at a CAGR of 0.50% during the forecast period. The pulse oximeter market is driven by continuous improvement in technological advancements and new features in small and compact-sized devices. Additionally, pulse oximeter is used in the chronic obstructive pulmonary disease by monitoring the oxygen saturation level of the body and maintaining the lungs condition by checking the pulmonary function both at home and at the hospitals any time of the day as a continuous monitoring device.
Furthermore, the rise in air pollution and decrease in sustainable development is the major factor in the prevalence of chronic respiratory disease. The severity of respiratory impairment in the patient is easily monitored with the pulse oximeter, which will also enhance the growth of the pulse oximeter market.
Research and Development in the Pulse Oximetry
Surge in Geriatric Population
In India, according to a report published by Mint in 2021 on the Longitudinal Ageing Study of India (LASI) Wave-1 released by the union health ministry, 75% of the elderly in India have a chronic disease, 40% have a handicap, and 20% have mental health difficulties. Chronic Obstructive Pulmonary Disease (COPD), asthma, and bronchitis are more common among the elderly in India (2.8%, 1.6%, and 5.9%, respectively) than among the 45–59-year-old (3.1%, 0.7%, and 1.6%, respectively), as it is a progressive illness that takes years to develop. According to the survey, chronic lung illnesses are more common in the states/UTs of Rajasthan (15%) and Puducherry (13%). Changes in the structure and function of the lungs as people get older may enhance their pathogenetic vulnerability to COPD. The published report of WHO in 2021 estimates the increase in the number of older people in the world’s population, with the China and India having the highest population; thus, more will be the rise in people entering the age of 60 years and above. The low number of healthy aging leads to more complications and health-related diseases in the aged people, thus requiring continuous check-ups and monitoring.
Patient Monitoring in Non-Hospital Settings
Pulmonary oximetry monitoring is required when a patient is on the verge of developing hypoxemia. COVID-19 kept patients out of hospitals due to a lack of beds, leading them to seek treatment in non-hospital settings such as their homes or quarantine centers, where pulse oximeter monitoring could be done for self-assessment before going to the hospital. Because of its ease of use, continuous monitoring was also beneficial in non-hospital settings without a physician. People pay attention to their health and track their health conditions daily, such as after a gym session or a walk. The easy use of oximeters with simple operating systems allows people to use oximeters in non-hospital settings and people living in remote areas.
COVID-19 Driving the Market Growth of Pulse Oximeter Market
COVID-19 individuals who had difficulty in breathing developed pneumonia, which resulted in hypoxia/dyspnea. The pulse oximeter was dubbed a "Game Changer" by doctors all around the world. During lockdown and quarantine, the increased in-patient number and low bed numbers in hospitals enable patients and physicians avoid hospital visits during the height of covid-19. They also advocated the use of a portable pulse oximeter for self-evaluation at home, especially for children and the elderly. The use of a pulse oximeter is critical in monitoring COVID-19 patients in the hospital and during the quarantine period.
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Market Segmentation
The India pulse oximeter market is segmented based on type, patient type, end user, and regions distribution. Based on type, the market can be split into fingertip and handheld. Based on Patient type, the market can be divided into adults, neonatal and pediatric. In terms of End users, the market can be categorized into hospitals & clinics, ambulatory centers, homecare, and diagnostic center. Based on Region, the market can be fragmented into North, South, East & West.
Company Profiles
India Medtronic Private Limited, Masimo Medical Technologies India Private Limited, Smith’s Medical India Private Limited, Wipro GE Healthcare Private Limited, Contec Medical Systems India Private Limited, BPL Medical Technologies Private Limited, Beurer India Private Limited, Hill-Rom India Private Limited, Opto Circuits India Ltd., Philips India Limited, are among the major market players operating in the India pulse oximeter market.
| Attribute | Details |
| Market size value in FY2022 | USD 79.44 Million |
| Revenue Forecast in FY2028 | USD 69.75 Million |
| Base Year | 2022 |
| Historical Years | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Patient Type · End User |
| Regional Scope | North; South; West; East; |
| Key Companies Profiled | India Medtronic Private Limited, Masimo Medical Technologies India Private Limited, Smith’s Medical India Private Limited, Wipro GE Healthcare Private Limited, Contec Medical Systems India Private Limited, BPL Medical Technologies Private Limited, Beurer India Private Limited, Hill-Rom India Private Limited, Opto Circuits India Ltd., Philips India Limited |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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