India Pulse Oximeter Market Size, Share, Growth & Market Forecast 2028

Summary

Report Description

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.

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)

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:

Fingertip
Handheld

Pulse Oximeter Market, By Patient Type:

Adult
Pediatric
Neonatal

Pulse Oximeter Market, By End Users:

Hospitals & Clinics
Homecare
Others

Pulse Oximeter Market, By Region:

South
West
North
East

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).

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on India Pulse Oximeter Market

4. Executive Summary

5. Voice of Customer

5.1. Brand Awareness

5.2. Demand, By End User

5.3. Factors Increasing the demand for Pulse Oximeters

5.4. Preference, By Type

6. India Pulse Oximeter Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Fingertip v/s Handheld)

6.2.2. By Patient Type (Adult, Neonatal, Pediatric)

6.2.3. By End User (Hospitals & Clinics, Homecare, Others)

6.2.4. By Region

6.2.4.1. By State (Top 3 States)

6.2.5. By Company

6.3. Product Market Map

6.3.1. By Type

6.3.2. By Patient Type

6.3.3. By End User

6.3.4. By Region

7. India Fingertip Pulse Oximeter Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value & Volume

7.2. Market Share & Forecast

7.2.1.By Patient Type

7.2.2.By End User

8. India Handheld Pulse Oximeter Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1.By Patient Type

8.2.2. By End User

9. Market Dynamics

9.1. Drivers

9.2. Challenges

10. Market Trends & Developments

11. Policy & Regulatory Landscape

12. Import-Export Analysis

13. Pricing Analysis

14. India Economic Profile

15. Competitive Landscape

15.1. India Medtronic Private Limited

15.2. Masimo Medical Technologies India Private Limited

15.3. Smith’s Medical India Private Limited

15.4. Wipro GE Healthcare Private Limited

15.5. Contec Medical Systems India Private Limited

15.6. BPL Medical Technologies Private Limited

15.7. Beurer India Private Limited

15.8. Hill-Rom India Private Limited

15.9. Opto Circuits India Ltd.

15.10. Philips India Limited

16. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

List of Figures:

Figure 1: India Pulse Oximeter Market Size, By Value (USD Million), 2018-2028F

Figure 2: India Pulse Oximeter Market Share, By Type, By Value, 2018-2028F

Figure 3: India Pulse Oximeter Market Share, By Patient Type, By Value, 2018-2028F

Figure 4: India Pulse Oximeter Market Share, By End User, By Value, 2018-2028F

Figure 5: India Pulse Oximeter Market Share, By Region, By Value, 2018-2028F

Figure 6: South India Pulse Oximeter Market Share, By Value, 2018-2028F

Figure 7: West India Pulse Oximeter Market Share, By Value, 2018-2028F

Figure 8: North India Pulse Oximeter Market Share, By Value, 2018-2028F

Figure 9: East India Pulse Oximeter Market Share, By Value, 2018-2028F

Figure 10: India Pulse Oximeter Market Share, By Company, By Value, 2022

Figure 11: India Pulse Oximeter Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 12: India Pulse Oximeter Market Map, By Patient Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 13: India Pulse Oximeter Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2022

Figure 14: India Pulse Oximeter Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 15: India Fingertip Pulse Oximeter Market Size, By Value (USD Million), 2018-2028F

Figure 16: India Fingertip Pulse Oximeter Market Size, By Volume (Thousand Units), 2018-2028F

Figure 17: India Fingertip Pulse Oximeter Market Share, By Patient Type, By Value, 2018-2028F

Figure 18: India Fingertip Pulse Oximeter Market Share, By End User, By Value, 2018-2028F

Figure 19: India Handheld Pulse Oximeter Market Size, By Value (USD Million), 2018-2028F

Figure 20: India Handheld Pulse Oximeter Market Size, By Volume (Thousand Units), 2018-2028F

Figure 21: India Handheld Pulse Oximeter Market Share, By Patient Type, By Value, 2018-2028F

Figure 22: India Handheld Pulse Oximeter Market Share, By End User, By Value, 2018-2028F

Frequently asked questions

What is the scenario of Pulse Oximeter Market in India?

The pulse oximeter market was valued at USD79.44 million in 2022 and will witness growth in the coming years because of increasing demand from homecare and hospitals & clinic end-user segments.

Which type of Pulse Oximeter widely used in India?

The fingertip pulse oximeter segment dominated the market in 2022 with an overall share of around 82.25% on account of their low cost, ease of use, and availability.

What are the major market trends in terms of India Pulse Oximeter Market?

The major trends in terms of Pulse Oximeter Market includes the increasing research in the field, innovations in technologies & advancement and portability of the pulse oximeter.

What are the Technological advancements in the Pulse Oximeter?

The traditional pulse oximeter has reading inaccuracies, and the level of oxygen can’t be calculated while the patient is in motion. The technological advancements created by companies have developed improved signal-processing algorithms that allow pulse oximeters to "read through" motion and provide more accurate readings.

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Sakshi Bajaal

Principal Consultant

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Press Release

India Pulse Oximeter Market to reach USD69.75 Million by 2028

May, 2022

Increasing Chronic Obstructive Pulmonary Disease and rising Geriatric Population are driving the growth of India Pulse Oximeter Market in the forecast period, 2024-2028.

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

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