South America Pulse Oximeter Market Outlook, 2027

The research report titled, “South America Pulse Oximeter Market Outlook, 2027” categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type which includes Fingertip, Handheld & Others. On the basis of end-users Home Care and Non-homecare are the segments covered. Further, the report provides in depth analysis of the major countries and major companies in the region. The Pulse Oximeter market has been revamped considering the Covid-19 impact.

South America region is still in the developing phase, given its poor economic conditions. However, the region poses as one of the most potential markets given the increasing prevalence of chronic diseases especially in the newborn. Globally, the region is the least contributing region, valued at USD 0.11 Billion in the year 2021. One of the major reasons apart from the economy, why the market is still untapped is the lack of a defined regulatory system. With cardiovascular diseases becoming the leading cause of death in the region, it gained the governments’ attention and the market is expected to grow over an anticipated CAGR of almost 8% through the forecasted period till 2027.

The pulse oximeter market in South America is dominated by the handheld oximeter segment, which accounted for half of the market share in the year of 2021. The factors such as increasing respiratory infections amongst the region and poor hygiene in some parts is providing growth to the market. along with this the increasing demand for portable devices which is due to lack of infrastructure and the attribute of Convenience is driving the market. The widespread of Covid-19 pandemic have cast their influence over the market growth. The use of such devices in the clinical procedures, monitoring of sportspersons & athletes are likely to favor the market growth in the coming years. In the forecasted period, the market of the fingertip oximeter segment is expected to grow with the highest CAGR.

The features like ease of use and cost friendliness coupled with the increasing awareness about the product are to be beneficial in the regional market. Also, the prevalence of chronic respiratory diseases, like COPD, occupational lung diseases, pulmonary hypertension and allergic asthma rhinitis, is increasing at an alarming rate due to tobacco smoking, biomass fuel air pollution and high exposure to dust. This increase in the cases of chronic respiratory diseases is influencing the growth of the pulse oximeter market in the region.

The Non-Homecare facilities which includes hospitals and healthcare institutes in the region accounted for a market share of over 80% in the year of 2021, leading the market. A swift rise in the geriatric population, increasing patient inclination towards home monitoring, and growing incidences of chronic diseases are currently driving the market growth. However, limited awareness about these devices in this low- and middle-income economy is expected to limit the market growth. The home care segment is expected to grow with a CAGR of more than 16% through the forecasted period.

Brazil contributes to over 50% of the market, backed by the fact that a considerable part of its population suffers from COPD. Besides it, the Brazilian Organization for the Society of Newborn Screening is trying to standardize the screening factors, in which the pulse oximeter is to play a leading role. Other factors like, diabetes, hypertension, dyslipidemia, obesity, and smoking are also associated with a higher occurrence of many other ailments in the region. These factors are likely to fuel the demand for pulse oximeters in the market.

COVID-19 Impact

The pandemic affected the pulse oximeter market in a positive manner. The main reason this can be attributed to is the fact that the virus caused breathing problems through attacking the lungs. This symptom created a huge demand for the market in a short period of time. This sudden demand could not be met by the industry due to issues in supply chain and distribution which was due to travel restrictions and lockdowns. To conclude the market observed both a positive and a negative effect by the COVID-19 pandemic.

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

Considered in the report

• Geography: South America
• Base year: 2021
• Historical year: 2016
• Forecasted year: 2027

Countries covered:

• Brazil
• Argentina
• Colombia

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

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.