Asia-Pacific Pulse Oximeter Market Research Report, 2027

The research report titled, “Asia-Pacific Pulse Oximeter Market Research Report, 2027”, published by Actual Market Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type (Fingertip, Handheld & Others), based on end-users (Non-Homecare & Home Care). Further, the report provides in depth analysis of major countries & major companies in the region. The Pulse Oximeter market has been revamped considering the Covid-19 impact. Pulse Oximeters are innately essential devices in for medical purposes as they check the Spo2 levels of the blood. The hinderance in this saturation level is an early indicator of many different diseases. This include Hypoxemia and other severe diseases which leads to organ failure. The growing awareness about patient safety during surgery, which can be monitored through checking saturation levels and the increasing incidences of asthma and COPD are among the major factors driving the market in the region. Additionally, efforts undertaken by the market players to develop better products is propelling the market growth in the Asian countries. The regional market was valued at USD 0.48 Billion in the year 2021, which was the third-highest market value globally. The region offers lucrative opportunities in the market backed by the high elder population base in different countries. Along with this the increasing disposable income levels in the middle class of the region is another factor which bolster market growth. The region is the epicenter of COPD, hypertension, diabetes, cardiovascular all of which affect the oxygen saturation levels in some ways or others. The increasing cases of such disorders are expected to be the major drivers for the market to grow at an anticipated CAGR of almost 9%. The Asia Pacific pulse oximeters market, by type, is segmented into handheld pulse oximeters, fingertip pulse oximeters, and others which include wrist-worn pulse oximeters, and pediatric pulse oximeters. The handheld pulse oximeters segment held the largest share of the market in 2021; however, the fingertip pulse oximeters segment is expected to register the highest CAGR in the market during the forecast period. There is also a high prevalence of Sudden Infants Death in Asia monitoring oxygen levels have become a crucial aspect to this problem. However, the cost of oximeters can stand in the way of market growth in developing countries but can be tackled by raising awareness, and also through government efforts. By the end of the forecasted period, the fingertip segment is expected to grow with an anticipated CAGR of more than 12%. Furthermore, the non-invasive operating method of these devices is an attribute desired by the consumers and medical practitioners in the region. This is another factor which affects the market growth in a positive manner. The huge population of this region itself act as a market driver. The Non-Homecare segment accounts for over 85% of the market share. It is due to the increasing awareness of patient safety during anesthesia and surgery, which has led to governments and hospitals incorporating pulse oximetry in their course of treatments. Renowned institutes like the Indian Society of Anesthesiologists have recommended the use of pulse oximeters, in order to reduce the postoperative admission rate, along with minimizing the risk of cardiac arrest during the procedure. However, inaccuracies in pulse oximeter readings are expected to obstruct the growth of the home care segment in the region, yet growing with a CAGR of more than 16%. It is reported that COPD is the third leading death cause in China, which has driven the pulse oximeter market, contributing to the highest share in the region. Apart from this, Japan & India together accounted for over 28% of the regional share in 2021. As the per capita income increases in the region, people are now able to afford such devices. The governments are also implementing initiatives towards the improvement of the healthcare sector. COVID-19 Impact The Asia Pacific market was the epicenter of the covid-19 virus, especially in China, the virus affected the respiratory function of the patients and reduced the Spo2 levels in blood, leading to organ failure or Cardiac arrest in severe cases. This created a major impact on the demand for the pulse oximeter devices in both medical institutes and residential areas. On the other hand the pandemic affected the production process of these equipment in a negative manner by affecting the supply chain. This was owed to the travel restrictions put down in different countries. Major Companies Included: CASMED (Edwards Lifesciences Corporation ), Covidien (Medtroni PLCc), Koninklijke Philips NV, Nihon Kohden corporation, ICU Medical Inc., Hillrom Services, Inc., Beckton Dickinson and Company, Contec Medical Systems Co. Ltd., Microtek international private limited, Rossmax International Ltd, Spacelabs Healthcare Considered in the report • Geography: Asia-Pacific • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Countries covered: • China • Japan • Australia • India Aspects covered in the report • Market Size by Value for the period (2016-2027F) • Market Share by Product type (Fingertip, Handheld & Others) • Market Share by End User (Hospital and Health Care Facilities & Home Care) • Market Share by Country • Market Share by Company The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the medical device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.