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
From the growing demand for traditional pulse oximetry to recent
technological improvements, the application of oximetry is no longer limited to
determining oxygen saturation levels. It is also used to measure the levels of methemoglobin,
carboxyhemoglobin, and total hemoglobin in the blood, and to improve pulse
oximeter signal processing in low-signal-to-noise situations. The portable
pulse oximeter is lightweight and easy to use, and it is used safely with the
help of a medical professional. Some types of pulse oximeter are simple in use
and handling; hence it does not require monitoring by the medical professional
while using the oximeter. The research and development of the device focus more
on the accuracy and decrease in the complexity of the pulse oximeters making it
easily accessible to the patient for continuous self-monitoring in the early
stages of chronic obstructive pulmonary diseases.
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.
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Attribute
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Details
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Market size value in FY2022
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USD 79.44 Million
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Revenue Forecast in FY2028
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USD 69.75 Million
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Base Year
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2022
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Historical Years
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2018 – 2022
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Type
·
Patient Type
·
End User
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Regional Scope
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North; South; West; East;
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Key Companies Profiled
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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
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Customization Scope
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10% free report customization with purchase. Addition or alteration to
country, regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact
research needs. Explore
purchase options
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Delivery Format
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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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Report Scope:
In this report, India Pulse
Oximeter market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Pulse Oximeter Market, By Type:
- Pulse Oximeter Market, By Patient Type:
- Pulse Oximeter Market, By End Users:
- Hospitals & Clinics
- Homecare
- Others
- Pulse Oximeter Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India Pulse Oximeter market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).