
Vietnam Pulse Oximeter Market - By Type (Fingertip, Handheld); By Sensor Type (Reusable, Disposable) By Patient Type (Neonatal, Pediatric, Adult); By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers); By Region (North, Central, South), Tre
Description
Vietnam Pulse Oximeter Market - By Type (Fingertip, Handheld); By Sensor Type (Reusable, Disposable) By Patient Type (Neonatal, Pediatric, Adult); By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers); By Region (North, Central, South), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Vietnam Pulse Oximeter Market Size to Expand at Steady CAGR of 7.1% During 2023–2029
Vietnam pulse oximeter market is flourishing because of an increasing focus on managing rising prevalence of respiratory disorders among the country’s growing geriatric population, high adoption of efficient medical devices, and increasing technology advancements.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Vietnam pulse oximeter market size to grow at a CAGR of 7.1% during the forecast period between 2023 and 2029. Major factors for the expansion of Vietnam pulse oximeter market include rapidly growing healthcare sector and rising investments in the innovation of medical devices, including pulse oximeters. Consistent research and innovative product developments have resulted in the availability of new age technology incorporated gadgets in the country's healthcare sector. Nonetheless, large unmet needs are expected to drive market expansion in the coming years. Advanced pulse oximeters are crucial for the early detection and treatment of COVID-19 patients. Pulse oximeters are frequently used to monitor patient status throughout surgery while the patient is under anesthesia and after surgery. These are some of the primary reasons driving the growth of the Vietnam pulse oximeter market. Reusable sensors, fingertip type monitors, compact size, and affordability of the product are all contributing to the growth of the Vietnam pulse oximeter market. Increasing financial assistance through government initiatives and private direct funding from a variety of sources is also expected to aid market expansion. The growing senior population and their susceptibility to respiratory disorders are fueling the expansion of the Vietnam pulse oximeter market during the period in analysis. However, high cost of pulse oximeter and limited access to healthcare facilities in some parts of the region are anticipated to hinder the growth of Vietnam pulse oximeter market.
Vietnam Pulse Oximeter Market - Overview
A pulse oximeter is a device that estimates the amount of oxyhemoglobin in blood pumping through a network of capillaries in a patient by using a sensor attached to a finger, toe, or ear. It is a non-invasive method for determining a person's oxygen saturation. Although the reading of external oxygen saturation (SpO2) from arterial blood gas analysis is not always comparable to the more favorable reading of arterial oxygen saturation (SaO2) from arterial blood gas analysis, the two are sufficiently correlated that the safe, efficient, preventive, and cost-effective pulse oximetry method can be used to measure. In its most common application mode, a sensor device is often put on a small area of the patient's body, such as a fingertip or ear. Technology advancements are resulting in the emergence of new and sophisticated products, giving enormous potential opportunities for the pulse oximeter company. Because to technology advancements in pulse oximeter technology, hemoglobin levels, oxygen saturation, and pulse rate (PR) analysis have all increased. Multiwavelength analysis has been expanded to detect other hemoglobin species in addition to SpO2 and PR (methemoglobin, carboxyhemoglobin, and total hemoglobin). Morphological analyses of the waveform are now possible thanks to technology advancements in pulse oximeters. Digital pulse oximeters have also been introduced to the market, which is expected to boost pulse oximeter sales dramatically. Apps installed on cellphones operate digital pulse oximeters.
Vietnam Pulse Oximeter Market – By Patient Type
Based on patient type, Vietnam pulse oximeter market is segmented into Neonatal, Pediatric, and Adult. The adult segment is expected to hold the highest market share, because of an increasing number of geriatric population and their risks of getting various pulmonary diseases are higher; thus, the segment is expected to dominate the market while accounting for the greatest revenue share. In addition, a surging demand for self-care and health monitoring coupled with increased public awareness of pulse oximeters and their benefits will boost the growth of the Vietnam pulse oximeter market.
Impact of COVID-19 on Vietnam Pulse Oximeter Market
COVID-19 crisis increased demand for pulse oximeters, and a very concerned public that wanted to monitor their own health as well as the health of their loved ones chose self-operated, easier-to-use pulse oximeters. The pandemic also led in a significant growth in monitoring system consumption, both in hospitals and at home, and the industry is increasingly focusing on enhancing the production to meet the increased demand for respiratory monitoring equipment, such as pulse oximeters. During the first quarter of 2020, the market observed a surge in demand for specific items related to the COVID-19 response, particularly respiratory, multi parameter monitoring systems, and point-of-care cardiac monitoring products. Therefore, expanding distribution channels for such monitoring medical devices are also expected to bolster the expansion of the Vietnam pulse oximeter market during the forecast period.
Competitive Landscape
Major players operating in Vietnam pulse oximeter market include Curex Mediwell Vietnam, MTTS Co., Ltd. (Masimo Corporation), Omron Healthcare Vietnam, Nihon Kohden Corporation Vietnam, Zacurate Vietnam, and GE Healthcare. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Pulse Oximeter Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Pulse Oximeter Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Vietnam Pulse Oximeter Market Size to Expand at Steady CAGR of 7.1% During 2023–2029
Vietnam pulse oximeter market is flourishing because of an increasing focus on managing rising prevalence of respiratory disorders among the country’s growing geriatric population, high adoption of efficient medical devices, and increasing technology advancements.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Vietnam pulse oximeter market size to grow at a CAGR of 7.1% during the forecast period between 2023 and 2029. Major factors for the expansion of Vietnam pulse oximeter market include rapidly growing healthcare sector and rising investments in the innovation of medical devices, including pulse oximeters. Consistent research and innovative product developments have resulted in the availability of new age technology incorporated gadgets in the country's healthcare sector. Nonetheless, large unmet needs are expected to drive market expansion in the coming years. Advanced pulse oximeters are crucial for the early detection and treatment of COVID-19 patients. Pulse oximeters are frequently used to monitor patient status throughout surgery while the patient is under anesthesia and after surgery. These are some of the primary reasons driving the growth of the Vietnam pulse oximeter market. Reusable sensors, fingertip type monitors, compact size, and affordability of the product are all contributing to the growth of the Vietnam pulse oximeter market. Increasing financial assistance through government initiatives and private direct funding from a variety of sources is also expected to aid market expansion. The growing senior population and their susceptibility to respiratory disorders are fueling the expansion of the Vietnam pulse oximeter market during the period in analysis. However, high cost of pulse oximeter and limited access to healthcare facilities in some parts of the region are anticipated to hinder the growth of Vietnam pulse oximeter market.
Vietnam Pulse Oximeter Market - Overview
A pulse oximeter is a device that estimates the amount of oxyhemoglobin in blood pumping through a network of capillaries in a patient by using a sensor attached to a finger, toe, or ear. It is a non-invasive method for determining a person's oxygen saturation. Although the reading of external oxygen saturation (SpO2) from arterial blood gas analysis is not always comparable to the more favorable reading of arterial oxygen saturation (SaO2) from arterial blood gas analysis, the two are sufficiently correlated that the safe, efficient, preventive, and cost-effective pulse oximetry method can be used to measure. In its most common application mode, a sensor device is often put on a small area of the patient's body, such as a fingertip or ear. Technology advancements are resulting in the emergence of new and sophisticated products, giving enormous potential opportunities for the pulse oximeter company. Because to technology advancements in pulse oximeter technology, hemoglobin levels, oxygen saturation, and pulse rate (PR) analysis have all increased. Multiwavelength analysis has been expanded to detect other hemoglobin species in addition to SpO2 and PR (methemoglobin, carboxyhemoglobin, and total hemoglobin). Morphological analyses of the waveform are now possible thanks to technology advancements in pulse oximeters. Digital pulse oximeters have also been introduced to the market, which is expected to boost pulse oximeter sales dramatically. Apps installed on cellphones operate digital pulse oximeters.
Vietnam Pulse Oximeter Market – By Patient Type
Based on patient type, Vietnam pulse oximeter market is segmented into Neonatal, Pediatric, and Adult. The adult segment is expected to hold the highest market share, because of an increasing number of geriatric population and their risks of getting various pulmonary diseases are higher; thus, the segment is expected to dominate the market while accounting for the greatest revenue share. In addition, a surging demand for self-care and health monitoring coupled with increased public awareness of pulse oximeters and their benefits will boost the growth of the Vietnam pulse oximeter market.
Impact of COVID-19 on Vietnam Pulse Oximeter Market
COVID-19 crisis increased demand for pulse oximeters, and a very concerned public that wanted to monitor their own health as well as the health of their loved ones chose self-operated, easier-to-use pulse oximeters. The pandemic also led in a significant growth in monitoring system consumption, both in hospitals and at home, and the industry is increasingly focusing on enhancing the production to meet the increased demand for respiratory monitoring equipment, such as pulse oximeters. During the first quarter of 2020, the market observed a surge in demand for specific items related to the COVID-19 response, particularly respiratory, multi parameter monitoring systems, and point-of-care cardiac monitoring products. Therefore, expanding distribution channels for such monitoring medical devices are also expected to bolster the expansion of the Vietnam pulse oximeter market during the forecast period.
Competitive Landscape
Major players operating in Vietnam pulse oximeter market include Curex Mediwell Vietnam, MTTS Co., Ltd. (Masimo Corporation), Omron Healthcare Vietnam, Nihon Kohden Corporation Vietnam, Zacurate Vietnam, and GE Healthcare. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Pulse Oximeter Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Pulse Oximeter Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
107 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam Pulse Oximeter Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Instances of Respiratory Disorders
- 3.2.1.2. Rapidly Aging Population
- 3.2.2. Restraints
- 3.2.2.1. High Cost of Pulse Oximeter
- 3.2.2.2. Limited Access to Healthcare Facilities in Some Part of the Region
- 3.2.3. Opportunities
- 3.2.3.1. Rising Government Initiatives
- 3.2.3.2. Technological Advancements
- 3.2.4. Challenges
- 3.2.4.1. Some Consumers in Vietnam May Not Be Aware of the Availability
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam Pulse Oximeter Market Overview
- 4.1. Market Size & Forecast by Value, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Fingertip
- 4.2.1.2. Handheld
- 4.2.2. By Sensor Type
- 4.2.2.1. Reusable
- 4.2.2.2. Disposable
- 4.2.3. By Patient Type
- 4.2.3.1. Neonatal
- 4.2.3.2. Pediatric
- 4.2.3.3. Adult
- 4.2.4. By End User
- 4.2.4.1. Hospitals & Clinics
- 4.2.4.2. Homecare
- 4.2.4.3. Ambulatory Care Centers
- 4.2.4.4. Others
- 4.2.5. By Region
- 4.2.5.1. North
- 4.2.5.2. Central
- 4.2.5.3. South
- 5. Northern Vietnam Pulse Oximeter Market Overview
- 5.1. Market Size & Forecast by Value, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Sensor Type
- 5.2.3. By Patient Type
- 5.2.4. By End User
- 6. Central Vietnam Pulse Oximeter Market Overview
- 6.1. Market Size & Forecast by Value, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Sensor Type
- 6.2.3. By Patient Type
- 6.2.4. By End User
- 7. Southern Vietnam Pulse Oximeter Market Overview
- 7.1. Market Size & Forecast by Value, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Sensor Type
- 7.2.3. By Patient Type
- 7.2.4. By End User
- 8. Competitive Landscape
- 8.1. List of Key Players and Their Offerings
- 8.2. Vietnam Pulse Oximeter Company Market Share Analysis, 2022
- 8.3. Competitive Benchmarking, By Operating Parameters
- 8.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 9. Impact of Covid-19 on Vietnam Pulse Oximeter Market
- 10. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 10.1. Curex Mediwell Vietnam
- 10.2. MTTS Co., Ltd. (Masimo Corporation)
- 10.3. Omron Healthcare Vietnam
- 10.4. Nihon Kohden Corporation Vietnam
- 10.5. Zacurate Vietnam
- 10.6. GE Healthcare
- 10.7. Other Prominent Players
- 11. Key Strategic Recommendations
- 12. Research Methodology
- 12.1. Qualitative Research
- 12.1.1. Primary & Secondary Research
- 12.2. Quantitative Research
- 12.3. Market Breakdown & Data Triangulation
- 12.3.1. Secondary Research
- 12.3.2. Primary Research
- 12.4. Breakdown of Primary Research Respondents, By Region
- 12.5. Assumptions & Limitations
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figure
- Figure 1 Vietnam Pulse Oximeter Market Segmentation
- Figure 2 Vietnam Pulse Oximeter Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
- Figure 5 Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
- Figure 6 Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
- Figure 7 Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
- Figure 8 Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
- Figure 9 Vietnam Pulse Oximeter Market Share, By Region, By Value, 2019–2029
- Figure 10 Northern Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
- Figure 11 Northern Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
- Figure 12 Northern Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
- Figure 13 Northern Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
- Figure 14 Northern Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
- Figure 15 Central Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
- Figure 16 Central Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
- Figure 17 Central Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
- Figure 18 Central Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
- Figure 19 Central Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
- Figure 20 Southern Vietnam Pulse Oximeter Market Size, By Value (USD Million), 2019–2029
- Figure 21 Southern Vietnam Pulse Oximeter Market Share, By Type, By Value, 2019–2029
- Figure 22 Southern Vietnam Pulse Oximeter Market Share, By Sensor Type, By Value, 2019–2029
- Figure 23 Southern Vietnam Pulse Oximeter Market Share, By Patient Type, By Value, 2019–2029
- Figure 24 Southern Vietnam Pulse Oximeter Market Share, By End User, By Value, 2019–2029
- List of Tables
- Table 1 Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
- Table 2 Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
- Table 3 Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
- Table 4 Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
- Table 5 Vietnam Pulse Oximeter Market Size, By Region, By Value, 2019–2029
- Table 6 Northern Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
- Table 7 Northern Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
- Table 8 Northern Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
- Table 9 Northern Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
- Table 10 Central Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
- Table 11 Central Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
- Table 12 Central Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
- Table 13 Central Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
- Table 14 Southern Vietnam Pulse Oximeter Market Size, By Type, By Value, 2019–2029
- Table 15 Southern Vietnam Pulse Oximeter Market Size, By Sensor Type, By Value, 2019–2029
- Table 16 Southern Vietnam Pulse Oximeter Market Size, By Patient Type, By Value, 2019–2029
- Table 17 Southern Vietnam Pulse Oximeter Market Size, By End User, By Value, 2019–2029
- Table 18 Curex Mediwell Vietnam Company Overview
- Table 19 Curex Mediwell Vietnam Financial Overview
- Table 20 MTTS Co., Ltd. (Masimo Corporation) Company Overview
- Table 21 MTTS Co., Ltd. (Masimo Corporation) Financial Overview
- Table 22 Omron Healthcare Vietnam Company Overview
- Table 23 Omron Healthcare Vietnam Financial Overview
- Table 24 Nihon Kohden Corporation Vietnam Company Overview
- Table 25 Nihon Kohden Corporation Vietnam Financial Overview
- Table 26 Zacurate Vietnam Company Overview
- Table 27 Zacurate Vietnam Financial Overview
- Table 28 GE Healthcare Company Overview
- Table 29 GE Healthcare Financial Overview
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