India Oximeter market is expected to grow at a CAGR of more than 50% during 2021-2026
This research report provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, & opportunities available for oximeter providers across the region.
Additionally, the rising health concerns and surging demand for consistently monitoring oxygen saturation levels due to Covid-19 further drives the market growth of oximeters in India. Besides, the snowballing awareness regarding the availability of oxygen monitoring devices and mounting prevalence of target disease is also likely to boost market growth during the forecast period.
Impact of COVID-19
the sudden outbreak of the COVID-19 pandemic positively impacted the India Oximeter Market due to the surging number of patients infected by the coronavirus. Further, due to the scarcity of beds and healthcare facilities in India, most COVID-19 patients isolate themselves at their homes, leading to an increased demand for oximeters for monitoring their oxygen levels. Hence, this factor further propels the oximeter market growth across India.
Adult Segment Dominated the Market
Based on the Patient Type, the market segments into Neonatal, Pediatric, and Adult. Out of these, the Adult segment attained the largest share in the India Oximeter Market in the previous year as the adult segment of the populace was most adversely affected by the COVID-19 infection. Further, rising awareness regarding health care and safety among the adult population has aided the demand for oximeter in India. Thereby, the segment is likely to contribute to the growth of the India Oximeter Market in the forecast period, says MarkNtel Advisors in their research report, "India Oximeter Market Analysis, 2021."
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.
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