Mon. Dec 6th, 2021

Increasing number of patients suffering from COVID-19 is expected to drive the growth of India pulse oximeter market

According to TechSci Research report, India Pulse Oximeter Market By Type (Fingertip, Table-Top, Wrist-Worn, Hand-Held, Earlobe, Forehead, Palm/Foot, Nose), By Sensor Type (Reusable v/s Disposable), By Patient Type (Neonatal, Pediatric, Adult), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Centers, Homecare, Others), By Region, Forecast & Opportunities, FY2026, the India pulse oximeter market is expected to grow at an impressive rate during the forecast period on account of the growing geriatric population suffering from various respiratory diseases such as COPD, asthma and other respiratory ailments. This has drastically increased the patient pool, which in turn is expected to positively influence the market growth through FY2026. Additionally, growing popularity of homecare surveillance and patient monitoring at home is further expected to fuel the market growth over the next few years. Furthermore, growing emphasis on patient safety during anesthesia and different surgical procedures for monitoring the vital organs is further expected to propel the market growth during the forecast period. Also, increasing demand for portable patient care and monitoring devices is further expected to spur the market growth until FY2026. However, fluctuating prices of pulse oximeters might hamper the market growth. The sudden increase in COVID-19 cases has increased the prices of these devices significantly. Also, a demand-supply gap has been created due to excessive demand for pulse oximeters. This might further restrict the market growth during the forecast period.

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The India pulse oximeter market is segmented based on type, sensor type, patient type, end users, company and region. Based on type, the market can be categorized into fingertip, table-top, wrist-worn, hand-held, earlobe, forehead, palm/foot and nose. Among these, the hand-held devices segment is expected to dominate the market during the forecast period owing to the use of pulse oximeters for long term monitoring of patients when they are stable. Additionally, they are widely used in the hospital facilities. The table-top segment is expected to hold significant market share owing to the growing prevalence of respiratory diseases. Based on end users, the market can be fragmented into hospitals & clinics, diagnostic centers, ambulatory centers, homecare and others. The homecare segment is expected to register highest CAGR during the forecast period. This can be ascribed to the growing prevalence of chronic diseases and patients opting for remote patient monitoring and homecare. Furthermore, surge in the number of COVID-19 cases across the country and patient going for home quarantine and isolation is further expected to drive the segmental growth through FY2026.

India Medtronic Private Limited, Opto Circuits India Ltd., Wipro GE Healthcare Pvt. Ltd., Philips Healthcare India, Masimo Medical Technologies India Pvt. Ltd, Smiths Medical India Pvt Ltd., Welch Allyn India, Spacelabs Healthcare (OSI Systems Pvt. Ltd.), Nihon Kohden India Pvt. Ltd., Contec Medical Systems India Pvt Ltd. and others are some of the leading players operating in India pulse oximeter market. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

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“India pulse oximeter market is expected to grow at a formidable rate during the forecast period on account of the emergence of the growing use of pulse oximeters for monitoring the oxygen levels in COVID-19 patients because if the oxygen level falls below 94, it becomes dangerous for the patients and can lead to breathing problems and shortening of breath. Furthermore, increasing investment and expansion of major players operating in the market in the country such as Philips, GE Healthcare, among others is further expected to create lucrative opportunities for the market growth until FY2026.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Pulse Oximeter Market By Type (Fingertip, Table-Top, Wrist-Worn, Hand-Held, Earlobe, Forehead, Palm/Foot, Nose), By Sensor Type (Reusable v/s Disposable), By Patient Type (Neonatal, Pediatric, Adult), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Centers, Homecare, Others), By Region, Forecast & Opportunities, FY2026”,has evaluated the future growth potential of India 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 India pulse oximeter market.

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