India Pulse Oximeter Market Size & Outlook, 2024-2030
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India pulse oximeter market highlights
- The India pulse oximeter market generated a revenue of USD 67.2 million in 2023 and is expected to reach USD 138.1 million by 2030.
- The India market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, monitors was the largest revenue generating component in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
Pulse oximeter market data book summary
| Market revenue in 2023 | USD 67.2 million |
| Market revenue in 2030 | USD 138.1 million |
| Growth rate | 10.5% (CAGR from 2024 to 2030) |
| Largest segment | Monitors |
| Fastest growing segment | Sensors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monitors, Sensors |
| Key market players worldwide | Medtronic PLC, Masimo Corp, Koninklijke Philips NV, GE Aerospace, Nonin Medical, Nihon Kohden Corp, ICU Medical Inc, OSI Systems Inc, CONTEC, Draegerwerk AG & Co KGaA |
Other key industry trends
- In terms of revenue, India accounted for 2.0% of the global pulse oximeter market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pulse oximeter market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 138.1 million by 2030.
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Pulse Oximeter Market Scope
Pulse Oximeter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CONTEC | View profile | 1001-5000 | Qinhuangdao, Hebei, China, Asia | http://www.contecmed.com/ |
| Nonin Medical | View profile | 251-500 | Plymouth, Minnesota, United States, North America | http://www.nonin.com/ |
| ICU Medical Inc | View profile | 14000 | 951 Calle Amanecer, San Clemente, CA, United States, 92673 | https://www.icumed.com |
| OSI Systems Inc | View profile | 6423 | 12525 Chadron Avenue, Hawthorne, CA, United States, 90250 | https://www.osi-systems.com |
| Masimo Corp | View profile | 3796 | 52 Discovery, Irvine, CA, United States, 92618 | https://www.masimo.com |
| Draegerwerk AG & Co KGaA | View profile | 16476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | https://www.draeger.com |
| Nihon Kohden Corp | View profile | 6325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | http://www.nihonkohden.co.jp |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
India pulse oximeter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pulse oximeter market will help companies and investors design strategic landscapes.
Monitors was the largest segment with a revenue share of 74.11% in 2023. Horizon Databook has segmented the India pulse oximeter market based on monitors, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
In India, as of September 2018, the prevalence of respiratory diseases was around 32% of the global burden of respiratory diseases, according to Global Burden of Disease data 1990–2016, with pollution being the biggest contributor.
High demand for respiratory care is driving the research for efficient monitoring devices. In April 2021, MFine, a digital health start-up, launched MFine Pulse, an app-based tool for monitoring SPO2 (blood oxygen saturation).
The tool is based on Artificial Intelligence (AI) to measure oxygen saturation and is useful for individuals with cardiovascular or respiratory conditions. However, considering the increased demand for monitoring devices due to the pandemic, dependency on foreign countries for supplies has increased.
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Our clientele includes a mix of pulse oximeter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India pulse oximeter market , including forecasts for subscribers. This country databook contains high-level insights into India pulse oximeter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India pulse oximeter market size, by component, 2018-2030 (US$M)
India Pulse Oximeter Market Outlook Share, 2023 & 2030 (US$M)
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