India Pulse Oximeter Market to Grow at over 10% until 2028
Published | 03 February 2022
India pulse oximeters market is growing at a high CAGR because of the increasing prevalence of respiratory diseases, such as asthma, and COPD in the country. Moreover, with the COVID-19 pandemic, the need to monitor the blood oxygen levels of COVID-19 patients in home care settings, as well as its widespread use by the general public, is encouraging the growth of the pulse oximeter market in India…
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the India pulse oximeters market is estimated to grow at a CAGR of 10.3% during the forecast period (2022-2028). The growth of India pulse oximeters market can be attributed to the increasing prevalence of respiratory diseases, such as asthma, and COPD in the country. Furthermore, the launch of a wide range of oximeters with advanced technologies and innovations is also strengthening the market. Also, the prominent market players are opting for online sales to stay ahead of the curve. However, increasing penetration of low-quality Chinese oximeters is negatively impacting the growth of India pulse oximeters market.
Growing Demand for Portable Pulse Oximeters Propelling India Pulse Oximeters Market
Based on types, the India pulse oximeters market is segmented into portable pulse oximeters and bedside/tabletop pulse oximeters. Portable pulse oximeters held the largest market share in 2021. Portable pulse oximeters are available in three different types: handheld, fingertip, and wearable. Moreover, they offer various benefits, such as cost-effectiveness, high portability, easy-to-use mechanism, and longer battery operation, which favors its market growth. Furthermore, increasing demand for surgical operations is also propelling the demand for portable pulse oximeters in the Indian market.
India Pulse Oximeters Market - By Technology
Based on technology, India pulse oximeters market is segmented into conventional devices and connected devices. The conventional pulse oximeters segment accounted for the largest market share in 2021 due to its prominent use in hospitals and various healthcare facilities. However, the demand for conventional devices is anticipated to witness the highest growth rate during the forecast period due to its growing adoption in home-care settings and ambulatory care centers. The growing need for regular oxygen level checkups among COVID-19 patients as well as recovered patients is anticipated to drive the segment’s growth during the forecast period.
India Pulse Oximeters Market - By End-User
Based on end-users, the India pulse oximeters market is segmented into hospitals, home-care settings, and ambulatory care centers. The hospital segment accounts for the largest market share due to the large number of outpatient visits to hospitals for checkups and treatment of various types of diseases. The demand for pulse oximeters registered a sharp surge in hospitals and other healthcare facilities after the COVID-19 pandemic outbreak in the country. In contrast, the home-care settings segment is predicted to have the highest CAGR during the forecast period as it is easy to use and accessible through pharmacies and online sources.
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India Pulse Oximeters Market - Regional Insights
Geographically, the India pulse oximeters market is segmented into North India, South India, East India, and West India. Among these regions, South India dominates the India pulse oximeters market. However, North India will likely emerge with the highest growth rate during the forecast period. Smog and air pollution are directly contributing to the increase in respiratory diseases in Uttar Pradesh, Delhi and surrounding areas. According to a study conducted by the New Delhi-based NGO, Center for Science & Excellence, the National Capital Region, which includes Delhi and 26 other cities/towns from adjacent states, along with Uttar Pradesh face prolonged periods of heavy smog, when the air quality index falls into the "very poor" and "severe" categories. The report noted that even in towns with relatively good air quality all year long, air pollution peaks in early winter when stubble burning make the national capital a virtual gas chamber. Thus, respiratory disorders are on rise in North India due to air pollution, which is driving the growth of India pulse oximeters market.
Impact of COVID-19 on India Pulse Oximeters Market
The India pulse oximeters market witnessed tremendous growth after the COVID-19 pandemic in the country. India was among the worst-affected countries with a significant number of COVID-19 cases. A COVID-19 infection damages the lungs cause breathing problems and can impair blood flow to the lungs. Despite appearing healthy, the patients have low levels of oxygen in their blood. As a result, the pulse oximeter market recorded notable growth in hospitals and healthcare facilities as well as in home healthcare settings.
India Pulse Oximeters Market - Competitive Landscape
The leading players in the India pulse oximeters market are Beurer GmbH, HealthSense India, Beijing Choice Electronic Tech Co., Ltd., Dr Trust, K-Life Health Care, BPL Medical Technologies Pvt. Ltd., Tamizhanda, MediWeave, Dr Odin, Hesleys, and other prominent players.
India pulse oximeters market is highly fragmented and competitive due to the presence of several global and local market players. Market participants heavily invest in research and development besides improving their distribution channels to increase their market presence. Additionally, they continuously launch new and innovative products to gain a competitive edge. Furthermore, the adoption of organic strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India pulse oximeters market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the India pulse oximeters market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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- India Pulse Oximeters Market, By Product Type (Sensors, Equipment), By Type (Portable Pulse Oximeters, Bedside/Tabletop Pulse Oximeters), By Technology (Conventional Devices, Connected Devices), By Age-Group (Adults, Pediatrics), By End-User (Hospitals, Home-Care Settings, Ambulatory Care Center), By Region (North India, South India, East India, West India) Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Publish Date: February 2022
India pulse oximeters market is gaining significant traction because of the rising geriatric population in the country and the increasing burden of respiratory issues mainly because of heavy air pollution. Additionally, rising innovation and technological development in these medical devices are also driving market growth.
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