Pulse Oximeter is a small, lightweight & noninvasive device used to monitor the oxygen level in the body. Usually attached to fingertips, this device assesses the pulse rate & displays the oxygen percentage and the current pulse rate. The report titled, “Middle East & Africa Pulse Oximeter Market Research Report, 2027”, published by Actual Market Research categorizes the market to forecast the revenues and analyze the trends. Based on the report the market is segmented into, product type. This segment includes Fingertip, Handheld & Others. Secondly, on the basis of end-users which includes Homecare and Non-Homecare. This report also provide in depth analysis of countries & major companies. The overall coronary obstructive pulmonary disease prevalence in the Middle East is 3.6%, wherein the UAE had an overall prevalence of 1.9% in 2020. Such diseases are being the major market drivers in the region, which accounted for a value of USD 0.20 Billion in 2021. The growth of the Middle East and Africa pulse oximeters market is attributed to key driving factors such as the rising prevalence of respiratory diseases, an outbreak of the COVID-19 pandemic, and the increasing incidence of congenital heart disease. The market is expected to grow with an anticipated CAGR of over 8%. However, inaccuracies in pulse oximeter readings are expected to obstruct market growth to a certain extent.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleThe regional market is primarily driven by the ongoing research on technological advancements and the increasing cases of asthma. The handheld oximeter accounted for over half of the market in 2021 and showing a declining trend ever since. Tobacco smoking which is a lifestyle choice is very popular in some countries of the region. This habit is a significant factor contributing to the growing prevalence of respiratory diseases in the region. along with this the climatic conditions in some countries like UAE where sandstorms are very common the increased exposure to dust is the other reason for the high incidence rates of pulmonary diseases. The rising occurrence of these respiratory diseases will lead to an increased demand for pulse oximeters during the forecast period. Also, over the forthcoming period, the healthcare reforms are estimated to influence the development of pulse oximeter market growth positively. As a result of this, the number of healthcare centers is likely to increase. Moreover, many firms have been setting up centers in the region for the treatment of chronic respiratory diseases. All these factors are likely to increase the potential applications of pulse oximeters. Fingertip pulse oximeters are considered affordable and effective, as they can help track and store a patient’s oxygen level readings. The fingertip oximeter segment is to grow immensely in the region, with an anticipated CAGR of higher than 12%. With an increase in the aging population, the incidence of chronic pulmonary and cardiac conditions is expected to rise. This is anticipated to augment the need for monitoring devices, such as pulse oximeters, in-home settings. The home care segment witnessed an exceptional growth of over 20% CAGR in the period between 2016 and 2021. Spot-checking is an effective way for patients suffering from COPD and CHD. There has been a rise in the use of pulse oximeter devices at hospitals during the Covid-19 pandemic. The hospital & health care segment in the region is expected to grow to over a market of USD 0.2 Billion by the end of the forecasted period. In the region, Saudi Arabia & UAE together contribute to an approx. of 30%. Saudi Arabia is a major importer of medical devices and also has an increase in medical tourism for better management of chronic diseases. As a result of this, the number of healthcare centers is likely to increase. Moreover, many firms have been setting up centers in the country for the treatment of chronic respiratory diseases. In the United Arab Emirates, every sixth person has asthma. These high incidences of asthma across the country are anticipated to offer lucrative growth opportunities for its pulse oximeter market in the coming years. South Africa remains a potential market due to the high prevalence of respiratory disorders. These factors are significantly contributing to the recent increase in non-communicable diseases, thereby propelling market growth in the country.
COVID-19 Impact The pandemic majorly affected the pulse Oximeter market in a positive manner. This is due to the fact that the COVID-19 virus directly targeted the respiratory system of the victim which created a huge demand in the region for the product. On the other hand the supply chain and the production process was hampered by the lockdowns and social distancing criterion which affected the supply, and did not meet the demand. 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, Microtek International Private Limited Considered in the report • Geography: Middle East & Africa • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Countries covered: • UAE • Saudi Arabia • South Africa 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.
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