India Oximeter

India Oximeter Market Research Report: Forecast (2021-2026)

By Product Type (Fingertip Oximeters, Table-Top Oximeters, Handheld Oximeters, Others), By Usage (Reusable, Disposable), By Patient Type (Neonatal, Pediatric, Adult), By End-Users (Hospitals and Healt Read more

  • Healthcare
  • May 2021
  • 103
  • HC10231

Market Overview

The oximeter is a small & lightweight non-invasive device used for monitoring oxygen saturation levels among individuals. It sends two wavelengths of light through the human body to measure & display the pulse rate and the oxygen level.

According to the MarkNtel Advisors' research report, "India Oximeter Market Analysis, 2021," the market is likely to grow at more than 50% CAGR in the forecast period, i.e., 2021-26. This growth attributes to the mounting awareness regarding different applications of pulse oximeters and their increased usage during the COVID-19 pandemic.

Additionally, the surging prevalence of target diseases including hypertension, asthma, diabetes, cardiac arrhythmia, and sleep apnea is likely to boost the market growth. Further, the adoption of advanced technologies to enhance the product, burgeoning healthcare costs, and surging adoption of pulse oximeter devices at home are likely to fuel the market growth during the forecast period.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 50%
Key Companies Profiled 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.
Unit Denominations USD Million/Billion

 

Impact of COVID-19

With the outbreak of Covid-19 infections rising in the country, the demand for essential life-saving devices and other essential medical supplies that could help in providing optimum care to the infected individual increased. Further, as the COVID-19 disease adversely affects the person's respiratory system and reduces their oxygen levels, it becomes crucial to keep an oximeter at home. Therefore, the demand for oximeter increased tremendously amidst the spread of the pandemic and shall continue to grow significantly in the forecast period.

India Oximeter Market Research Report: Forecast (2021-2026)

Market Segmentation

Fingertip Oximeters Accounted for the Largest Market Share

Based on the Product Type, the market segments into Fingertip Oximeters, Table-Top Oximeters, and Hand-Held Oximeters. Among these segments, Fingertip Pulse Oximeters acquired the largest share in the India Oximeter in the previous year as these oximeters are compact and easy to operate. In addition to this, the fingertip oximeter is a non-invasive device, which makes it the most preferred option. 

Moreover, the enhancement of fingertip oximeter by incorporating advanced technologies, such as Bluetooth, alarm systems, etc., can further fuel their demand in the forecast period, reveals MarkNtel Advisors in their research report, "India Oximeter Market Analysis, 2021."

Reusable Segment Attained the Highest Market Share

Based on the Usage, the market bifurcates into Reusable and Disposable segments. In the previous year, the reusable oximeters held the largest share in the India Oximeter Market. They are for short-term usage, quick & on-spot checks of oxygen level, and continuous monitoring. Further, unlike disposable oximeters, they provide more stable griping while monitoring. Therefore, the demand for reusable oximeters is higher than the disposable ones.

Regional Landscape

West Region Dominated the Market 

Region-wise, the west region dominated the India Oximeter Market in the previous year. In 2020, when the COVID-19 pandemic started spreading across the country, Mumbai was most adversely affected, which significantly surged the demand for oximeters in the city. Additionally, many more cities in the west region, including Gujrat and Nagpur, were drastically affected by the pandemic, resulting in boosting the overall market growth.

Market Driver

Surging Need for Home Isolation Boosted the Market Growth

The surging number of patients suffering from COVID-19 has resulted in the scarcity of beds in the hospitals. Hence, as advised, people with minor Covid-19 symptoms are isolating themselves in their homes. This measure has surged the demand for keeping at home all essential medical devices, including oximeters. Thus, boosting the market growth of oximeters across India.

Competitive Landscape

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.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the India Oximeter Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the India Oximeter Market? 
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the India Oximeter Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the India Oximeter Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on India Oximeter Market
  • Market Size & Analysis
    • By Value
    • By Volume
  • Market Share & Analysis
    • By Product Type
      • Fingertip Oximeters
      • Table-Top Oximeters
      • Hand-Held Oximeters
      • Others
    • By Usage
      • Reusable 
      • Disposable
    • By Patient Type
      • Neonatal
      • Pediatric
      • Adult
    • By End User
      • Hospitals and Health clinics
      • Diagnostic Centers
      • Ambulatory Centers
      • Homecare
      • Others (Education, research etc.)
    • By Sales Channel
      • Pharmacies
      • Direct Sales
      • Online
      • Others
    • By Region
      • North
      • South
      • West
      • East
      • North East
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Metrix
  • India Oximeter Market Hotspots & Opportunities
  • India Oximeter Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026

A. The measuring units of market size/industry size or the market value are USD Million and thousand units

A. India Oximeter Market is likely to grow at a CAGR of more than 50% during 2021-26.

A. 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. are a few leading players in the India Oximeter Market.

A. Finger Oximeter is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. The West region continues to grow at the highest CAGR during 2021-26, thereby offering immense opportunities to market leaders of the India Oximeter Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market segmentation
  2. Preface
  3. Executive Summary
  4. Expert Verbatim – What our Experts Say?
  5. Impact of COVID-19 on India Oximeter Market
  6. India Oximeter Market Trends & Insights
  7. India Oximeter Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  8. India Oximeter Market Hotspot & Opportunities
  9. India Oximeter Market Supply Chain Analysis
  10. India Oximeter Market Government Regulations and Policies
  11. India Oximeter Market Key Strategic Imperatives for Success & Growth
  12. India Oximeter Market Pricing Analysis
  13. India Oximeter Market Import -Export Analysis
  14. India Oximeter Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. Market Revenue (USD Millions)
      2. Market Units Sold (Thousand Units)
    2. Market Share and Analysis
      1. By Product Type
        1. Fingertip Oximeters
        2. Table-Top Oximeters
        3. Hand-Held Oximeters
        4. Others
      2. By Usage
        1. Reusable  
        2. Disposable
      3. By Patient Type
        1. Neonatal
        2. Pediatric
        3. Adult
      4. By End User
        1. Hospitals and Health clinics
        2. Diagnostic Centers
        3. Ambulatory Centers
        4. Homecare
        5. Others (Education, research etc.)
      5. By Sales Channel
        1. Pharmacies
        2. Direct Sales
        3. Online
        4. Others
      6. By Region
        1. North
        2. South
        3. West
        4. East
        5. North East
      7. By Company
        1. Competition Charactertics
        2. Revenue Shares
        3. Strategic Factorial Indexing
        4. Competitor Placement in MarkNtel Quadrant
  15. Competition Benchmarking
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring – Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Demand Segments, Market Focused Demand Segment, Business Segments, Market Focused Business Segment, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. India Medtronic Private Limited
      2. Opto Circuits India Ltd.
      3. Wipro GE Healthcare Pvt. Ltd.
      4. Philips Healthcare India
      5. Masimo Medical Technologies India Pvt. Ltd
      6. Smiths Medical India Pvt Ltd.
      7. Welch Allyn India
      8. Spacelabs Healthcare (OSI Systems Pvt. Ltd.)
      9. Nihon Kohden India Pvt. Ltd
      10. Contec Medical Systems India Pvt Ltd.
  16. Disclaimer
India Oximeter Market Segmentation