Report Overview

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

1. Research Framework
   1. Research Objective
   2. Pulse Oximeter Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary and Secondary Sources
   2. Quantitative Research
      1. Primary and Secondary Sources
   3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Industry Participants
   5. Market Size Estimation
   6. Assumption for the Study
   7. Market Breakdown & Data Triangulation
3. Executive Summary
4. India Pulse Oximeter Market – Industry Insights
   1. Industry Value Chain Analysis, 2021
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing prevalence of congenital heart disease (CHD) among the pediatric age group
         2. Increasing number of surgical procedures and hospitalizations
         3. Technological advancements in pulse oximeter devices
      2. Restraints
         1. Accuracy and regulations concerns over OTC pulse oximeters
      3. Opportunity
         1. In non-hospital settings growing demand for patient monitoring
         2. Upcoming opportunities in point-of-care testing and rising demand for noninvasive devices
      4. Challenges
         1. Enhanced pressure on new industry players due to continuous advancement in technology by market players
         2. Growing development of alternative devices for oximetry
   3. Recent Developments
   4. Technological Advancement
      1. Adoption of smartphone-based healthcare apps
      2. Next-generation pulse oximetry
   5. Porter’s Five Forces Analysis
   6. Regulatory Framework
   7. PESTEL Analysis
   8. Pricing Analysis, 2021
      1. Patent Analysis (Consist of Patent Publication Trends For Pulse Oximeters, Jurisdiction And Top Applicant Analysis, Top Applicant Countries/Regions For Pulse Oximeter Patents)
5. India Pulse Oximeter Market Overview
   1. Market Estimates & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Equipment
         2. Sensor
            1. Disposable Sensor
            2. Reusable Sensor
      2. By Type
         1. Portable
            1. Handheld Pulse Oximeter
            2. Fingerprint Pulse Oximeter
            3. Wearable Pulse Oximeter
         2. Table Top
      3. By Technology
         1. Conventional
         2. Connected
      4. End User
         1. Hospitals
         2. Ambulatory Surgery Center
         3. Home Care
         4. Others
      5. By Region
         1. Northern India
         2. Southern India
         3. East India
         4. West India
6. Impact of COVID-19 Across Industry
7. Top 5 Brand Analysis, 2021
8. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development
      1. Product Launches and Approval
      2. Merger Acquisition, Partnership, Joint-Ventures etc.
9. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
   1. A&D Medical
   2. AMD Global Telemedicine
   3. Cadwell Medical
   4. Cardiac Science
   5. Medtronic
   6. Citizens Systems
   7. Clarity Medical
   8. GE Healthcare
   9. Generic Label
   10. Gibson
   11. Huntleigh
   12. Equinox
   13. Nidek India
   14. Philips Healthcare
   15. Dr Trust’s
   16. Other Prominent Players
10. Key Strategic Recommendations

* Financial information of non-listed Companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

List of Figures

Figure 1               India Pulse Oximeter Segmentation

Figure 2               India Pulse Oximeter Market Value Chain Analysis

Figure 3               Porter’s Five Forces Analysis

Figure 4               PESTEL Analysis

Figure 5               India Pulse Oximeter Market Size, By Value (USD Million), 2018-2028

Figure 6               India Pulse Oximeter Market Share, By Type, By Value, 2018-2028

Figure 7               India Pulse Oximeter Market Share, By Product, By Value, 2018-2028

Figure 8               India Pulse Oximeter Market Share, By Technology, By Value, 2018-2028

Figure 9               India Pulse Oximeter Market Share, By End User, By Value, 2018-2028

Figure 10            Top 5 Brand Analysis, 2021

Figure 11            Market Share Analysis, 2021

List of Tables

Table 1                India Pulse Oximeter Market Size, By Type, By Value, 2018-2028

Table 2                India Pulse Oximeter Market Size, By Product, By Value, 2018-2028

Table 3                India Pulse Oximeter Market Size, By Technology, By Value, 2018-2028

Table 4                India Pulse Oximeter Market Size, By End User, By Value, 2018-2028

Table 5                Key Players and Their Offerings

Table 6                Competitive Benchmarking, By Operating Parameters

Table 7                 Product Launches and Approval

Table 8                 Merger Acquisition, Partnership, Joint-Ventures etc

Table 9                 A&D Medical Company Overview

Table 10              A&D Medical Financial Overview

Table 11              AMD Global Telemedicine Company Overview

Table 12              AMD Global Telemedicine Financial Overview

Table 13              Cardiac Science Company Overview

Table 14              Cardiac Science Financial Overview

Table 15              Medtronic Company Overview

Table 16              Medtronic Financial Overview

Table 17              Clarity Medical Company Overview

Table 18              Clarity Medical Financial Overview

Table 19              Generic Label Company Overview

Table 20              Generic Label Financial Overview

Table 21              Gibson Company Overview

Table 22              Gibson Financial Overview

Table 23              Huntleigh Company Overview

Table 24              Huntleigh Financial Overview

Table 25              Equinox Company Overview

Table 26              Equinox Financial Overview

Table 27              Nidek India Company Overview

Table 28              Nidek India Financial Overview

Table 29              Philips Healthcare Company Overview

Table 30              Philips Healthcare Financial Overview

Table 31              Dr Trust’s  Company Overview

Table 32              Dr Trust’s  Financial Overview