Press Release

India Oximeter market is expected to grow at a CAGR of more than 50% during 2021-26

According to the MarkNtel Advisors' research report, "India Oximeter Market Analysis, 2021," the market is likely to grow at a CAGR of more than 50% during 2021-26. The features offered by oximeters, such as giving insights about the oxygen saturation percentage and monitoring oxygen levels in anesthesia conditions, are primary factors backing the market growth.

Along with this, the surging prevalence of chronic diseases such as cardiovascular diseases and respiratory problems fuels the demand for oximeters. Further, with the mounting usage of mobile-based platforms and the rising trend of wearable devices, demand for oximeters is increasing significantly. Besides, technological advancements and new product developments by market leaders are also likely to present lucrative opportunities to drive market growth.

Key questions answered in the study

1. What are the current and future trends in the India Oximeter market? 
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the India Oximeter market?
5. What is the customer orientation, purchase behavior, and expectations from the India Oximeter market service providers across various regions? 

Hospitals and Health Clinics Attained Highest Market Share 

Based on the End-User, the market segments into Hospitals and Health Clinics, Diagnostic Centers, Ambulatory Centers, Homecare, Others (Education, research, etc.). Among these segments, Hospitals and Health Clinics acquired the largest share in the India Oximeter Market in the previous year.

Patients suffering from pneumonia, breath shortening, and low blood-oxygen levels have soared due to the spread of coronavirus. It has further increased the number of hospital admissions and surged the demand for oximeters. Moreover, the need for standalone, handheld, and fingertip oximeters is soaring tremendously in hospitals & health clinics to provide high-quality care to critical patients.

“India Oximeter Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for oximeter providers across the country. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.    

Online Sales Channel Dominated the Market

Based on the Sales Channel, India Oximeter Market bifurcates into Pharmacies, Direct Sales, and Online. In the previous year, the Online sales channel held the largest share in the India Oximeter Market and is likely to register the fastest market growth during 2021-26 too. Since the COVID-19 cases have surged in the country, the demand for in-home oximeters has increased by more than 100% because in-home oximeters can detect lung infections earlier.

Further, due to social distancing measures, restriction on movement, and the need for isolation during the pandemic spread, the purchase of oximeter increased via the online platform. Thereby, the segment is likely to contribute to the growth of the India Oximeter Market in the forecast period, says MarkNtel Advisors in their research report, "India Oximeter Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the India Oximeter Market are 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.

Market Segmentation:

1. By Product Type (Fingertip Oximeters, Table-Top Oximeters, Handheld Oximeters, Others)
2. By Usage (Reusable, Disposable)
3. By Patient Type (Neonatal, Pediatric, Adult)
4. By End-Users (Hospitals and Health Clinics, Diagnostic Centers, Ambulatory Centers, Homecare, Others (Education, research, etc.))
5. By Sales Channel (Pharmacies, Direct Sales, Online, Others)
6. By Region (North, South, West, East, North-East)
7. ?By Competitors (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.)