“Final Report will add the analysis of the impact of COVID-19 on industry.”
Report Ocean has recently published a comprehensive study on the India Pulse Oximeters Market, covering the prediction period of 2023-2031. Throughout the years, this report has diligently examined the industry, taking into account various factors such as macroeconomic parameters, consumer buying patterns, microeconomic parameters, GDP growth rate, inflation rate, and market demand-supply scenarios.
market players, such as [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
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR442
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
India Pulse Oximeter Market to Grow at over 10% until 2028
India pulse oximeters market is growing at a high CAGR because of the increasing prevalence of respiratory diseases, such as asthma, and COPD in the country. Moreover, with the COVID-19 pandemic, the need to monitor the blood oxygen levels of COVID-19 patients in home care settings, as well as its widespread use by the general public, is encouraging the growth of the pulse oximeter market in India
A recent study conducted by the strategic consulting and market research firmReport Ocean revealed that the India pulse oximeters market is estimated to grow at a CAGR of 10.3% during the forecast period (2022-2028). The growth of India pulse oximeters market can be attributed to the increasing prevalence of respiratory diseases, such as asthma, and COPD in the country. Furthermore, the launch of a wide range of oximeters with advanced technologies and innovations is also strengthening the market. Also, the prominent market players are opting for online sales to stay ahead of the curve. However, increasing penetration of low-quality Chinese oximeters is negatively impacting the growth of India pulse oximeters market.
Growing Demand for Portable Pulse Oximeters Propelling India Pulse Oximeters Market
Based on types, the India pulse oximeters market is segmented into portable pulse oximeters and bedside/tabletop pulse oximeters. Portable pulse oximeters held the largest market share in 2021. Portable pulse oximeters are available in three different types: handheld, fingertip, and wearable. Moreover, they offer various benefits, such as cost-effectiveness, high portability, easy-to-use mechanism, and longer battery operation, which favors its market growth. Furthermore, increasing demand for surgical operations is also propelling the demand for portable pulse oximeters in the Indian market.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR442
India Pulse Oximeters Market – By Technology
Based on technology, India pulse oximeters market is segmented into conventional devices and connected devices. The conventional pulse oximeters segment accounted for the largest market share in 2021 due to its prominent use in hospitals and various healthcare facilities. However, the demand for conventional devices is anticipated to witness the highest growth rate during the forecast period due to its growing adoption in home-care settings and ambulatory care centers. The growing need for regular oxygen level checkups among COVID-19 patients as well as recovered patients is anticipated to drive the segments growth during the forecast period.
India Pulse Oximeters Market – By End-User
Based on end-users, the India pulse oximeters market is segmented into hospitals, home-care settings, and ambulatory care centers. The hospital segment accounts for the largest market share due to the large number of outpatient visits to hospitals for checkups and treatment of various types of diseases. The demand for pulse oximeters registered a sharp surge in hospitals and other healthcare facilities after the COVID-19 pandemic outbreak in the country. In contrast, the home-care settings segment is predicted to have the highest CAGR during the forecast period as it is easy to use and accessible through pharmacies and online sources.
India Pulse Oximeters Market – Regional Insights
Geographically, the 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. However, North India will likely emerge with the highest growth rate during the forecast period. Smog and air pollution are directly contributing to the increase in respiratory diseases in Uttar Pradesh, Delhi and surrounding areas. According to a study conducted by the New Delhi-based NGO, Center for Science & Excellence, the National Capital Region, which includes Delhi and 26 other cities/towns from adjacent states, along with Uttar Pradesh face prolonged periods of heavy smog, when the air quality index falls into the “very poor” and “severe” categories. The report noted that even in towns with relatively good air quality all year long, air pollution peaks in early winter when stubble burning make the national capital a virtual gas chamber. Thus, respiratory disorders are on rise in North India due to air pollution, which is driving the growth of India pulse oximeters market.
Impact of COVID-19 on India Pulse Oximeters Market
The India pulse oximeters market witnessed tremendous growth after the COVID-19 pandemic in the country. India was among the worst-affected countries with a significant number of COVID-19 cases. A COVID-19 infection damages the lungs cause breathing problems and can impair blood flow to the lungs. Despite appearing healthy, the patients have low levels of oxygen in their blood. As a result, the pulse oximeter market recorded notable growth in hospitals and healthcare facilities as well as in home healthcare settings.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR442
Market Segment:
By Product Type(Sensors, Equipment)
By Type(Portable Pulse Oximeters, Bedside/Tabletop Pulse Oximeters)
By Technology(Conventional Devices, Connected Devices)
By Age-Group(Adults, Pediatrics)
By End-User(Hospitals, Home-Care Settings, Ambulatory Care Center)
By Region(North India, South India, East India, West India)
India pulse oximeters market is highly fragmented and competitive due to the presence of several global and local market players. Market participants heavily invest in research and development besides improving their distribution channels to increase their market presence. Additionally, they continuously launch 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.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Reasons to Buy:
Informed decision-making: Market research reports provide valuable insights into industry trends, customer behavior, and competitor analysis. This information can help businesses make informed decisions about product development, pricing, and marketing strategies.
Competitive advantage: By identifying market gaps and opportunities, market research reports can provide a competitive advantage that can help businesses differentiate themselves from their competitors and gain a larger share of the market.
Industry expertise: Market research reports are prepared by industry experts who have a deep understanding of the market and its dynamics. These reports provide an unbiased and objective view of the industry, which can be invaluable for businesses that want to gain a deeper understanding of the market.
Saves time and money: Conducting market research can be time-consuming and expensive. By purchasing a market research report, businesses can save time and money by accessing a comprehensive and detailed analysis of the market.Risk management : Market research reports can help businesses manage risks associated with market entry, product development, and expansion. By providing a detailed analysis of the market and its trends, businesses can make informed decisions that minimize risks and maximize returns.
Request full Report– https://reportocean.com/industry-verticals/sample-request?report_id=MR442
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com