01 Sep 2020
Posted in Medical Devices
Increasing use in home care settings to drive pulse oximeters growth in India, says GlobalData
The necessity to monitor the blood oxygen levels of asymptomatic and mildly symptomatic COVID-19 patients undergoing home isolation and proactive use by the common public in home care-settings are driving the demand for pulse oximeters in India, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘Pulse Oximeter Systems (Anesthesia and Respiratory Devices) – Global Market Analysis and Forecast Model (COVID-19 market impact)’, reveals that the pulse oximeters market in India is expected to exceed US$60m by 2025.
In 2019, Table Top Pulse Oximeters accounted for more than 60% of the pulse oximeters market in India. The market is highly fragmented in India with Medtronic, Masimo Corp, Smiths Medical, and GE Healthcare being the major players.
Healthcare professionals are recommending individuals suffering from COVID-19 symptoms to use pulse oximeters in cases where there is a delay in getting admitted to hospitals due to limited hospital bed capacity.
Gopinadh Gundreddy, Medical Devices Analyst at GlobalData, comments: “The desire of common people to take preventive actions and shifting trends of treatment from hospitals to home care in case of asymptomatic and mildly symptomatic COVID-19 patients are fueling the demand for pulse oximeters especially finger pulse oximeters.
“In India, some governments at state level have started providing pulse oximeters to COVID-19 infected patients undergoing home isolation. This helps patients to measure their blood saturation levels and report it to the COVID-19 care centers before their health condition turns critical as drop in blood oxygen levels below the threshold level is an early indication of lungs being infected requiring immediate doctors’ intervention. Taking cue, other state governments should follow suit in handing out pulse oximeters to control deaths due to COVID-19.”