Vietnam Pulse Oximeter Market
Vietnam Pulse Oximeter Market - By Type (Fingertip, Handheld); By Sensor Type (Reusable, Disposable) By Patient Type (Neonatal, Pediatric, Adult); By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers); By Region (North, Central, South), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: January 2023
- Report ID: BWC23026
- Available Format: PDF
- Page: 107
Report Overview
Increasing instances of respiratory disorders, surging demand for efficient medical devices and growing aging population are projected to propel the expansion of Vietnam pulse oximeter market during forecast period between 2023 and 2029Vietnam Pulse Oximeter Market - Industry Trends & Forecast Report, 2029
Vietnam pulse oximeter market size is expected at a CAGR of 7.1% during the forecast period between 2023 and 2029. Major growth drivers for Vietnam pulse oximeter market include increasing healthcare sector and rising investments in the innovation of these medical equipment. Consistent research and innovative product development have resulted in the availability of new age technology incorporated gadgets in the country's healthcare sector. Nonetheless, large unmet population demands are expected to drive market expansion over the next five years. Advanced pulse oximeters are crucial for the early detection and treatment of COVID-19 patients. Pulse oximeters are frequently used to monitor patient status throughout surgery while the patient is under anesthesia and after surgery. These are some of the primary reasons driving the growth of the Vietnam pulse oximeter market. Reusable sensors, fingertip type monitors, compact size, and affordability of the product are all contributing to the growth of the Vietnam pulse oximeter market. Increasing financial assistance through government initiatives and private direct funding from a variety of sources is also expected to aid market expansion. The growing senior population and their susceptibility to respiratory disorders are fueling the expansion of the Vietnam pulse oximeter market during the period in analysis.
Vietnam Pulse Oximeter Market – Overview
A pulse oximeter is a device that estimates the amount of oxyhemoglobin in blood pumping through a network of capillaries in a patient by using a sensor attached to a finger, toe, or ear. It is a non-invasive method for determining a person's oxygen saturation. Although the reading of external oxygen saturation (SpO2) from arterial blood gas analysis is not always comparable to the more favorable reading of arterial oxygen saturation (SaO2) from arterial blood gas analysis, the two are sufficiently correlated that the safe, efficient, preventive, and cost-effective pulse oximetry method can be used to measure. In its most common application mode, a sensor device is often put on a small area of the patient's body, such as a fingertip or ear. Technological advancements are resulting in the emergence of new and sophisticated products, giving enormous potential opportunities for the pulse oximeter company. Because to technological advancements in pulse oximeter technology, hemoglobin levels, oxygen saturation, and pulse rate (PR) analysis have all increased. Multiwavelength analysis has been expanded to detect other hemoglobin species in addition to SpO2 and PR (methemoglobin, carboxyhemoglobin, and total hemoglobin). Morphological analyses of the waveform are now possible thanks to technological advancements in the Pulse Oximeters Market. Digital pulse oximeters have also been introduced to the market, which is expected to boost pulse oximeter sales dramatically. Apps installed on cellphones operate digital pulse oximeters.
Vietnam Pulse Oximeter Market
Growth Drivers
Increasing instances of respiratory disorders and aging population
In the coming year, the growing prevalence of chronic and respiratory disorders, such as pulmonary failure, cardiovascular diseases, and lung diseases, will drive the expansion of the Vietnam pulse oximeter market. Because of the growing senior population's susceptibility to respiratory ailments, the prevalence of chronic diseases is rising. As a result, the fast growing geriatric population will drive future growth in the Vietnam pulse oximeter market during the next five years. COPD (chronic obstructive pulmonary disease) kills 3.2 million people each year (approximately 5% of all deaths worldwide). COPD affects 7.1% of the male population aged 40 and up in Vietnam, and 1.9% of the female population in the same age range.
Restraints
High cost of pulse oximeter
One of the primary issues impeding pulse oximeter market demand is the high cost and inaccuracy associated with their use. The expensive cost of these devices limits their adoption, particularly in low-income emerging markets and developing countries. Furthermore, bad infrastructure in hospitals and clinics has a negative impact on market growth. A bedside pulse oximeter, for example, can cost more than $1,000. Installing such pricey equipment for every bed in hospitals is not realistic in low- and middle-income nations, and hence the treatment or diagnosis related to pulse oximeters exceeds the spending capabilities of healthcare facilities. The accuracy of these devices may also be influenced by factors such as poor blood circulation, body temperature, and skin color, which may affect the doctors' and patients' reliance on these devices.
Impact of COVID -19 on Vietnam Pulse Oximeter Market
COVID-19 crisis increased demand for pulse oximeters, and a very concerned public that wanted to monitor their own health as well as the health of their loved ones chose self-operated, easier-to-use pulse oximeters. The pandemic also led in a significant growth in monitoring system consumption, both in hospitals and at home, and the industry is increasingly focusing on enhancing the production to meet the increased demand for respiratory monitoring equipment, such as pulse oximeters. During the first quarter of 2020, the market observed a surge in demand for specific items related to the COVID-19 response, particularly respiratory, multi parameter monitoring systems, and point-of-care cardiac monitoring products. Therefore, expanding distribution channels for such monitoring medical devices are also expected to bolster the expansion of the Vietnam pulse oximeter market during the next five years.
Vietnam Pulse Oximeter Market
Segmental Coverage
Vietnam Pulse Oximeter Market – By Type
By type, Vietnam pulse oximeter market is bifurcated as Fingertip and Handheld segments. The fingertip segment is expected to hold a higher market share due to rising technological advancement in medical devices. Increasing investments in research and product innovation are also assisting the expansion of the Vietnam pulse oximeter market.
Vietnam Pulse Oximeter Market – By Sensor Type
Based on sensor type, Vietnam pulse oximeter market is split into Reusable and Disposable segments. Reusable sensor types are frequently digitally enabled, resulting in record preservation for patients and the ability to hold regular consultations with their doctors in a fluid manner. Replaceable disposable sensors in pulse oximeters detect the infrared and red light absorption characteristics of hemoglobin.
Vietnam Pulse Oximeter Market – By Patient Type
Based on patient type, Vietnam pulse oximeter market is segmented into Neonatal, Pediatric, and Adult. The adult segment is expected to hold the highest market share because increasing number of geriatric populations, and their risks of getting various pulmonary diseases are higher; thus, the segment is expected to dominate the market while accounting for the greatest revenue share. In addition, surging demand for self-care and health monitoring coupled with increased public awareness of pulse oximeters and their benefits will boost the growth of the Vietnam pulse oximeter market.
Vietnam Pulse Oximeter Market – By End User
Based on end user, Vietnam pulse oximeter market is segmented into Hospitals and Clinics, Homecare and Ambulatory Care Centers. The home care segment is expected to hold the highest market share due to funding for numerous post-surgery procedures is not possible. As a result, patients must be cared for at home. The oximeters offer correct treatment and easy discussions with the concerned doctors for the aim of monitoring the post-surgery patient and out-patient, hence encouraging the market's growth. The hospital segment held the second highest market share due to the increasing adoption of pulse oximeters to assess oxygen saturation in COVID19 patients, as well as an increase in the geriatric population and an increase in the incidence of various chronic respiratory diseases, are also important factors in the introduction of monitoring devices such as oximeters during the diagnosis and treatment phases.
Vietnam Pulse Oximeter Market – By Region
Geographically, Vietnam pulse oximeter market is segmented Northern Region, Central Region, and Southern Region. The Northern region have dominated the market historically and will continue to do so in the next five years, but the Southern region is expected to be the fastest expanding region due to improved healthcare. The population in the region is becoming more aware of the pulse oximeter for the early symptoms of COVID-19, which will increase the numbers in the next five years. New investors are recommended to make wise investments.
Competitive Landscape
Major players operating in Vietnam pulse oximeter market include Curex Mediwell Vietnam, MTTS Co., Ltd. (Masimo Corporation), Omron Healthcare Vietnam, Nihon Kohden Corporation Vietnam, Zacurate Vietnam, and GE Healthcare. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Vietnam |
Product/ Service Segmentation |
Type, Sensor Type, Patient Type, End User, Region |
Key Players |
Curex Mediwell Vietnam, MTTS Co., Ltd. (Masimo Corporation), Omron Healthcare Vietnam, Nihon Kohden Corporation Vietnam, Zacurate Vietnam, GE Healthcare |
By Type
-
Fingertip
-
Handheld
By Sensor Type
-
Reusable
-
Disposable
By Patient Type
-
Neonatal
-
Pediatric
-
Adult
By End User
-
Hospitals & Clinics
-
Homecare
-
Ambulatory Care Centers
-
Others
By Region
-
Northern Region
-
Central Region
-
Southern Region
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Vietnam Pulse Oximeter Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing Instances of Respiratory Disorders
- Rapidly Aging Population
- Restraints
- High Cost of Pulse Oximeter
- Limited Access to Healthcare Facilities in Some Part of the Region
- Opportunities
- Rising Government Initiatives
- Technological Advancements
- Challenges
- Some Consumers in Vietnam May Not Be Aware of the Availability
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Vietnam Pulse Oximeter Market Overview
- Market Size & Forecast by Value, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Fingertip
- Handheld
- By Sensor Type
- Reusable
- Disposable
- By Patient Type
- Neonatal
- Pediatric
- Adult
- By End User
- Hospitals & Clinics
- Homecare
- Ambulatory Care Centers
- Others
- By Region
- North
- Central
- South
- By Type
- Market Size & Forecast by Value, 2019–2029
- Northern Vietnam Pulse Oximeter Market Overview
- Market Size & Forecast by Value, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Sensor Type
- By Patient Type
- By End User
- Market Size & Forecast by Value, 2019–2029
- Central Vietnam Pulse Oximeter Market Overview
- Market Size & Forecast by Value, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Sensor Type
- By Patient Type
- By End User
- Market Size & Forecast by Value, 2019–2029
- Southern Vietnam Pulse Oximeter Market Overview
- Market Size & Forecast by Value, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Sensor Type
- By Patient Type
- By End User
- Market Size & Forecast by Value, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Vietnam Pulse Oximeter Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Vietnam Pulse Oximeter Market
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Curex Mediwell Vietnam
- MTTS Co., Ltd. (Masimo Corporation)
- Omron Healthcare Vietnam
- Nihon Kohden Corporation Vietnam
- Zacurate Vietnam
- GE Healthcare
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figure
Figure 1 Vietnam Pulse Oximeter Market Segmentation
Figure 2 Vietnam Pulse Oximeter Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
Figure 5 Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
Figure 6 Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
Figure 7 Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
Figure 8 Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
Figure 9 Vietnam Pulse Oximeter Market Share, By Region, By Value, 2019–2029
Figure 10 Northern Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
Figure 11 Northern Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
Figure 12 Northern Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
Figure 13 Northern Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
Figure 14 Northern Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
Figure 15 Central Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
Figure 16 Central Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
Figure 17 Central Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
Figure 18 Central Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
Figure 19 Central Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
Figure 20 Southern Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
Figure 21 Southern Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
Figure 22 Southern Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
Figure 23 Southern Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
Figure 24 Southern Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
Table 2 Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
Table 3 Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
Table 4 Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
Table 5 Vietnam Pulse Oximeter Market Size, By Region, By Value, 2019–2029
Table 6 Northern Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
Table 7 Northern Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
Table 8 Northern Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
Table 9 Northern Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
Table 10 Central Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
Table 11 Central Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
Table 12 Central Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
Table 13 Central Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
Table 14 Southern Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
Table 15 Southern Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
Table 16 Southern Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
Table 17 Southern Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
Table 18 Curex Mediwell Vietnam Company Overview
Table 19 Curex Mediwell Vietnam Financial Overview
Table 20 MTTS Co., Ltd. (Masimo Corporation) Company Overview
Table 21 MTTS Co., Ltd. (Masimo Corporation) Financial Overview
Table 22 Omron Healthcare Vietnam Company Overview
Table 23 Omron Healthcare Vietnam Financial Overview
Table 24 Nihon Kohden Corporation Vietnam Company Overview
Table 25 Nihon Kohden Corporation Vietnam Financial Overview
Table 26 Zacurate Vietnam Company Overview
Table 27 Zacurate Vietnam Financial Overview
Table 28 GE Healthcare Company Overview
Table 29 GE Healthcare Financial Overview
Market Segmentation
By Type
-
Fingertip
-
Handheld
By Sensor Type
-
Reusable
-
Disposable
By Patient Type
-
Neonatal
-
Pediatric
-
Adult
By End User
-
Hospitals & Clinics
-
Homecare
-
Ambulatory Care Centers
-
Others
By Region
-
Northern Region
-
Central Region
-
Southern Region
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