South America Pulse Oximeters Market Projections: Size and Share Trends from 2023-28

South America Pulse Oximeters Market Overview and Insights:

According to MarkNtel Advisors Report, South America Pulse Oximeters Market projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28.

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Time Period Captured in the Report:

 Historical Years: 2018-21

  Base Years: 2022

  Forecast Years: 2023-28

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Possible Restraint: Growing Availability of Non-FDA Approved Pulse Oximeters

Consumer concerns over the reliability of homecare devices are restricting their adoption across South America. Since most Over-the-Counter (OTC) pulse oximeters are not FDA-approved and can be bought without the prescription of doctors, concern regarding their safety and accuracy arises among consumers. Since medical conditions related to respiratory & cardio disorders are serious, patients require assurance regarding the products they use. Hence, doubts regarding the efficacy of the OTC pulse oximeters among customers would hamper market expansion in South America over the coming years.

Who are the Key Players Operating in the South America Pulse Oximeters Industry?

The top companies of the South America Pulse Oximeters market ruling the industry are: 

• Invacare Corporation
• CONTEC Medical Systems Co. Ltd.
• Nihon Kohden Corporation
• Dragerwerk AG & Co. KGaA
• Halma PLC
• Smiths Medical Group Limited
• Masimo
• Koninklijke Philips Nv
• Medtronic
• Beurer GmbH
• Others

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What is Included in South America Pulse Oximeters Market Segmentation?

The report has segmented the market into the following categories:

-By End Users

• Hospitals
• Homecare
• Ambulatory Surgical Centres

Here, hospitals accounted for a considerable market share during 2018-22, owing to the growing incidence of respiratory disorders in Brazil & Argentina, coupled with various government initiatives toward increasing the number of hospitals in the region to address these rising cases. Besides, the incorporation of these devices in homecare settings is projected to grow substantially in the upcoming years since they are wireless, small, & user-friendly. Moreover, with the increasing number of patients with lung or heart conditions across the region, who often encounter shortness of breath, the demand for such oximeters would increase significantly in the homecare segment.

-By Type

• Portable Pulse Oximeter
• Tabletop Pulse Oximeter

Geographical Analysis:

-By Country

• Brazil
• Argentina
• Chile
• Colombia
• Rest of South America

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