South America Pulse Oximeter Market Research Report, 2027

The research report titled, “South America 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 which includes Fingertip, Handheld & Others. On the basis of end-users Home Care and Non-homecare are the segments covered. Further, the report provides in depth analysis of the major countries and major companies in the region. The Pulse Oximeter market has been revamped considering the Covid-19 impact. South America region is still in the developing phase, given its poor economic conditions. However, the region poses as one of the most potential markets given the increasing prevalence of chronic diseases especially in the newborn. Globally, the region is the least contributing region, valued at USD 0.11 Billion in the year 2021. One of the major reasons apart from the economy, why the market is still untapped is the lack of a defined regulatory system. With cardiovascular diseases becoming the leading cause of death in the region, it gained the governments’ attention and the market is expected to grow over an anticipated CAGR of almost 8% through the forecasted period till 2027. The pulse oximeter market in South America is dominated by the handheld oximeter segment, which accounted for half of the market share in the year of 2021. The factors such as increasing respiratory infections amongst the region and poor hygiene in some parts is providing growth to the market. along with this the increasing demand for portable devices which is due to lack of infrastructure and the attribute of Convenience is driving the market. The widespread of Covid-19 pandemic have cast their influence over the market growth. The use of such devices in the clinical procedures, monitoring of sportspersons & athletes are likely to favor the market growth in the coming years. In the forecasted period, the market of the fingertip oximeter segment is expected to grow with the highest CAGR. The features like ease of use and cost friendliness coupled with the increasing awareness about the product are to be beneficial in the regional market. Also, the prevalence of chronic respiratory diseases, like COPD, occupational lung diseases, pulmonary hypertension and allergic asthma rhinitis, is increasing at an alarming rate due to tobacco smoking, biomass fuel air pollution and high exposure to dust. This increase in the cases of chronic respiratory diseases is influencing the growth of the pulse oximeter market in the region. The Non-Homecare facilities which includes hospitals and healthcare institutes in the region accounted for a market share of over 80% in the year of 2021, leading the market. A swift rise in the geriatric population, increasing patient inclination towards home monitoring, and growing incidences of chronic diseases are currently driving the market growth. However, limited awareness about these devices in this low- and middle-income economy is expected to limit the market growth. The home care segment is expected to grow with a CAGR of more than 16% through the forecasted period. Brazil contributes to over 50% of the market, backed by the fact that a considerable part of its population suffers from COPD. Besides it, the Brazilian Organization for the Society of Newborn Screening is trying to standardize the screening factors, in which the pulse oximeter is to play a leading role. Other factors like, diabetes, hypertension, dyslipidemia, obesity, and smoking are also associated with a higher occurrence of many other ailments in the region. These factors are likely to fuel the demand for pulse oximeters in the market. COVID-19 Impact The pandemic affected the pulse oximeter market in a positive manner. The main reason this can be attributed to is the fact that the virus caused breathing problems through attacking the lungs. This symptom created a huge demand for the market in a short period of time. This sudden demand could not be met by the industry due to issues in supply chain and distribution which was due to travel restrictions and lockdowns. To conclude the market observed both a positive and a negative effect by the COVID-19 pandemic. 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 Considered in the report • Geography: South America • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Countries covered: • Brazil • Argentina • Colombia 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.