Report Overview

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.

India Pulse Oximeters Market- Industry Trends & Forecast Report 2028

India pulse oximeters market is thriving and projected to grow at a CAGR of 10.3% during the forecast period (2022-2028). The market is growing at a high rate because of the rising geriatric population in the country and the increasing burden of respiratory issues mainly because of heavy air pollution. As a result, pulse oximeter companies in India are increasingly launching new and advanced products in the Indian market, propelling the overall market growth.

Pulse Oximeters- A Brief Overview

The pulse oximeter measures oxygen saturation in the red blood cells (spO2) using a small device that clips to the finger or earlobe. Over the past year, pulse oximeters have grown in popularity as a useful tool for diagnosing COVID-19. In addition, rising innovation and technological development in these medical devices are driving market growth. When one's oxygen level is low, one should seek medical attention immediately. The device measures how well one's heart functions in sending oxygen to other parts of your body far from the heart, such as the arms and legs.

India Pulse Oximeters Market Forecast and Trends

Growth Drivers

Rising Burden of Respiratory Diseases on Indian Population

India is witnessing a significant surge in various respiratory diseases, especially asthma, COPD, and certain sleep disorders, such as apnea and hypopnea. Such diseases directly affect the oxygen level in the blood and lead to severe hypoxemia. As the Indian Express reported, India bears 32% of the global burden of respiratory diseases. With the increasing levels of ambient and household air pollution and smoking, the respiratory disease burden is only projected to surge during the forecast period. This is emerging as an opportunity for the growth of the India pulse oximeters market.

Technological Advancements in Pulse Oximeters

With increasing competition in the market, the industry players are significantly investing in R&D activities to introduce innovative technologies. For instance, India’s leading smartwatch brand, Noise, recently launched Noise X-Fit 1 in partnership with fitness brand HRX with SpO2 sensors (pulse oximeter) that is capable of monitoring heart rate and blood oxygen levels. MFine, another Bangalore-based startup, has developed an app that uses a smartphone camera and flash to measure oxygen saturation (SpO2). Such developments significantly propel the growth of the India pulse oximeters market.

Restraints

Increasing Penetration of Low-Cost Chinese Pulse Oximeters

With the rising demand for pulse oximeters in the Indian market, the penetration of low-cost and low-quality Chinese pulse oximeters is also rising. According to a report published in The Print, 98% of the total pulse oximeters available in Indian markets are being imported from China. The Chinese pulse oximeters are gaining huge traction in the market due to their extremely low price compared to their other counterparts. However, they offer zero-quality tests and incorrect readings, which act as a major restraint for India pulse oximeters market growth.

Impact of COVID-19 on India Pulse Oximeters Market

The COVID-19 pandemic outbreak has had a positive impact on India pulse oximeters market. Pulse oximeters have seen a significant surge in demand due to a rise in COVID-19 patients suffering from hypoxemia. Additionally, many COVID-19 patients suffered severe hypoxemia or low oxygen levels in the blood, but their conditions were not such that they required hospitalization. As a result, they were recommended to monitor their oxygen levels through pulse oximeters in their home-care settings, which significantly proliferated the growth of the market.

India Pulse Oximeters Market - By Product Type

Based on product types, the India pulse oximeters market is segmented into sensors and equipment. Due to its easy access to the general public through online stores and pharmacies, the equipment segment accounts for the largest market share. The prominent use of pulse oximeters during the COVID-19 period for monitoring blood oxygen levels played a crucial role in driving the growth of the pulse oximeters market in India. Furthermore, rapid innovation and technological advancements in this device are anticipated to drive market growth during the forecast period.

India Pulse Oximeters Market - By Age-Group

Based on age groups, the India pulse oximeters market is segmented into adults and pediatrics. The adult segment holds the largest market share because of the rising geriatric population in India and the rising prevalence of respiratory diseases among them. Pulse oximeters are largely being used by the aged population and heart patients under home-care settings to self-monitor their oxygen levels. However, the increasing prevalence of various respiratory diseases among young adults is also anticipated to drive the demand for pulse oximeters in the upcoming years. An analysis of the Global Burden of Disease, 2017 shows that a child dies every three minutes from exposure to toxic pollutants in the air in India.

India Pulse Oximeters Market - Regional Insights

Geographically, 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. States like Kerala, Tamil Nadu, and Goa are registering an increasing burden of respiratory diseases, such as chronic obstructive pulmonary disease and ischaemic heart disease, according to the data by Vikaspedia. North India is also catching up with the South, with the rising prevalence of respiratory diseases in states like Uttar Pradesh and Rajasthan.

India Pulse Oximeters Market- Competitive Landscape

The leading market players of 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.

The market is highly fragmented and competitive due to the presence of several global and local market players. The companies are investing heavily in research and development, as well as improving their distribution channels to boost their market presence.  They are also constantly launching 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.

Recent Development

• In June 2021, DetelPro announced the launch of pulse oximeter Oxy10 with LED and auto shut-off feature at an affordable rate of INR 299 (approx USD 3.96).

Scope of the Report:

By Product Type

• Sensors

1. Disposable Sensors
2. Reusable Sensors

• Equipment

By Type

• Portable Pulse Oximeters

1. Handheld Pulse Oximeter
2. Fingertip Pulse Oximeters
3. Wearable Pulse Oximeter

• Bedside/Tabletop Pulse Oximeters

By Technology

• Conventional Devices
• Connected Devices

By Age-Group

• Adults
• Pediatrics

1. Neonatal Pulse Oximeter
2. Infant & Children Pulse Oximeter

By End-User

• Hospitals
• Home-Care Settings

1. OTC Home Use
2. Prescription Home User

• Ambulatory Care Center

By Region

• North India
• South India
• East India
• West India