Press Release

Vietnam Pulse Oximeter Market to Grow at a Significant Rate During the Forecast Period

Integration of artificial intelligence in pulse oximeter is driving the Vietnam Pulse Oximeter Market growth in the forecast period, 2023-2027.

According to TechSci Research report, Vietnam Pulse Oximeter Market - By Region, Competition Forecast & Opportunities, 2027”, the Vietnam pulse oximeter market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of increasing instances of respiratory failures and lung diseases like COPD. Increasing demand for the monitoring devices such as pulse oximeter is further driving the growth of the Vietnam pulse oximeter market in the upcoming five years. Consistent research & technological advancement and innovative product developments in the oximeter devices further support the growth of the Vietnam pulse oximeter market. Pulse oximeters are actively used in during surgery process when patient is under anesthesia and post-surgery processes to monitor the patient conditions. These are some of the major factors that are supporting the Vietnam pulse oximeter market growth.

Technological advancements like reusable sensors, fingertip type monitors, compact size, and affordability of the product are further aiding to the growth of the Vietnam pulse oximeter market in the future five years. Increasing financial support through government investments and private direct funding from various sources are also supposed to support the market growth. Increasing geriatric population, and their susceptibility toward the respiratory diseases is substantiating the growth of the Vietnam pulse oximeter market in the future five years.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Vietnam Pulse Oximeter Market"

The Vietnam pulse oximeter market is segmented by type, sensor type, patient type, end user, competitional landscape, and regional distribution.  Based on sensor type, the market is further fragmented into reusable and disposable sensors. Reusable sensor types are often digitally enabled thereby creating a record storage for the patients such that regular consultations with their doctors can be conducted fluidly. Disposable sensors in pulse oximeters are replaceable and function on the detecting the infrared and red light absorption characteristics of hemoglobin.

Based on type, the market is further bifurcated into fingertip & handheld. Fingertip type of the pulse oximeters are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing technological advancement in the medical devices. Moreover, growing investment for the research and product innovation purposes are further aiding the growth of the Vietnam pulse oximeter market.

Patient type, market segmentation is fragmented into neonatal, pediatric, and adult. Adult patients are higher in number and chances of them contracting various pulmonary diseases is higher, thus the segment is anticipated to dominate the market while holding largest revenue shares of the market. Also, rising awareness among the population regarding pulse oximeters and its advantages are aiding the growth of the Vietnam pulse oximeter market in the next five years.

Based on end user the market is categorized into hospitals & clinics, ambulatory surgery centers, homecare, and others. Home care segment is anticipated to create a large share in the market owing to the fact that reimbursement of various post-surgery procedures isn’t feasible. Thus, requiring patients to be home-cared. For the purpose of monitoring the post-surgery patient and out-patient, the oximeters allow proper care and easy consultations with the concerned doctors, there by supporting the growth of the market.

The world was hit by the spread of COVID-19 virus in 2020, and it boomed the sales of pulse oximeters. Pulse oximeters monitor the oxygen concentration in the blood by monitoring the amount of oxygen in the hemoglobin. The oxygen carrying hemoglobin interacts with the infrared and red light that is emitted during the tests which is later sensed by the sensors thereby recording the results. COVID-19 ensured the common population to own the device for their regular monitoring of increasing and decreasing SPO2 concentration in the blood which is a major symptom for any COVID-19 infected patient, thus influencing a sudden jump in the growth of the market.

A partial list of major market players of the Vietnam pulse oximeter market includes:

·         Curex Mediwell Vietnam

·         MTTS Co., Ltd. (Masimo Corporation)

·         Omron Healthcare Vietnam

·         Nihon Kohden Corporation Vietnam

·         Zacurate Vietnam

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“Northern region may have dominated the market in historical period and continue to do so in the next five years too, but Southern region is anticipated to be the fastest growing region on account of improving healthcare. Population in the region are gaining the awareness of the pulse oximeter for the early symptom of COVID-19 thereby gaining the numbers in future five years. New investors are advised for the intelligent investments,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Vietnam management consulting firm.

Vietnam Pulse Oximeter Market By Type (Fingertip v/s Handheld), By Sensor Type (Reusable v/s Disposable), By Patient Type (Neonatal, Pediatric, Adult), By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers, Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Vietnam Pulse oximeter 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 Vietnam Pulse oximeter.


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