Vietnam pulse oximeter market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on the account of increasing demand for the efficient medical devices. Rapidly growing healthcare sector and increasing investments in the advancement of these medical devices is further driving the growth of the Vietnam pulse oximeter market in the upcoming five years.
Pulse oximeter is a non-invasive medical device that is utilized for monitoring oxygen saturation in the patient. Sudden pandemic situation and increasing instances of patients suffering from COVID-19 infection have multiplied the demands of pulse oximeter in the recent years. The devise measures oxygen saturation with a 2% accuracy in comparison to arterial oxygen saturation which is measured by arterial blood gas analysis method.
Increasing Instances of Respiratory Disorders
Increasing instances of chronic & respiratory diseases like pulmonary failure, cardiovascular diseases, lung diseases, etc. are actively driving the growth of the Vietnam pulse oximeter market in the upcoming five years. Rising geriatric population is highly susceptible to respiratory diseases due to which instances of the chronic diseases are increasing.
Thus, rapidly increasing geriatric population is also responsible for the future growth of the Vietnam pulse oximeter market in the next five years. COPD causes 3.2 million deaths each year (about 5% of all deaths globally per year). In Vietnam, COPD cases account for 7.1% of the male population aged 40 and above and 1.9% of females within the said age range.
Technological Advancements Drive Market Growth
Consistent research and innovative product development has led to the availability of the healthcare market in the country be flooded with new age technology incorporated devices. Although, high unmet needs of the population are anticipated to boost the growth of the market in the next five years. Technically advanced pulse oximeters are critical for the early diagnosis and treatment of patients with COVID-19.
The pandemic situation boomed the demands for pulse oximeter, and highly concerned population that wanted to monitor their health as well as for their loved ones, opted for a self-operated, easier interface pulse oximeters. Growing distribution channels for such monitoring medical devices is also anticipated to substantiate the growth of the Vietnam pulse oximeter market in the future five years.
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Market Segmentation
The Vietnam pulse oximeter market is segmented by type, sensor type, patient type, end user, competitional landscape, and regional distribution.
Based on end user, the market is further segmented into hospitals & clinics, homecare, ambulatory care centers, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, Southern region.
Company Profile
Curex Mediwell Vietnam, MTTS Co., Ltd. (Masimo Corporation), Omron Healthcare Vietnam, Nihon Kohden Corporation Vietnam, Zacurate Vietnam, among others is a partial list of major market players of the companies responsible for the growth of Vietnam pulse oximeter market.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | - Type
- Sensor Type
- Patient Type
- End User
|
Regional scope | Northern region, Central region, Southern region |
Key companies profiled | Curex Mediwell Vietnam, MTTS Co., Ltd. (Masimo Corporation), Omron Healthcare Vietnam, Nihon Kohden Corporation Vietnam, Zacurate Vietnam |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
