Easy availability of pulse oximeters and surge in patient population is expected to drive the demand for Malaysia pulse oximeters market in forecast period.
According to TechSci Research report, “Malaysia Pulse Oximeters Market By Type (Fingertip v/s Handheld) By Sensor Type (Reusable v/s Disposable) By Patient Type (Neonatal, Pediatric, Adult) By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026”, The Malaysia pulse oximeters market is expected to witness steady growth for the next five years. Occurrence of target diseases such as sleep apnea, diabetes, asthma, hypertension, cardiac arrhythmia, and COPD are expected to be the major driver for the predicted period. Pulse oximeter aids in remote monitoring of the patient and early detection of low oxygen level in the human body to ensure the treatment given at the right time to the patients. Surge in prevalence of chronic obstructive pulmonary disease due to presence of old age population is expected to bolster the growth of the pulse oximeter market. Rising air pollution levels due to increase in presence of vehicle on-road and emission of greenhouse gases from industries and commercial spaces is affecting the respiratory system adversely. Change in lifestyle and increasing prevalence of smokers present in Malaysia is fueling the pulse oximeter market growth for the next five years.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization have affected the countries adversely. Leading authorities in Malaysia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing which created lucrative opportunities for the growth of the respiratory care devices market. Malaysia authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Rise in demand for pulse oximeters and spirometers to ensure the proper treatment of covid affected patients is accelerating the demand for pulse oximeters market.
However, lack of awareness regarding the symptoms of respiratory disorders may hamper the growth of the pulse oximeter market for the forecast period.
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Malaysia pulse oximeters market is segmented into type, patient type, sensor type, end user, regional distribution, and company. Based on type, market is further bifurcated into fingertip and handheld. The fingertip segment is expected to witness fastest incremental growth for the forecast period, 2022-2026. Fingertip pulse oximeter is basically an oximeter device which is clipped to the ned of fingers and is measures the oxygen level in the human body by measuring the wavelength. Cost-effectives and high accuracy are the driving factors for the fingertip pulse oximeters market growth. Technological advancements in the fingertip pulse oximeter are enabling oximeters to measure the oxygen saturation percentage, perfusion rate and respiration rate which is expected to accelerate the demand for pulse oximeters in Malaysia. Based on patient type, market is fragmented into neonatal, paediatric, and adult. The adult segment is expected to hold significant share for the forecast period due to rising awareness about the benefits of early diagnosis and good health condition of the body. Presence of disposable income and adoption of unhealth lifestyle which includes consumption of tobacco and smoke along with rise in air pollutions levels is expected to bolster the growth of the pulse oximeter market for the next five years.
Kinsmedic Sdn. Bhd. (Beurer), Medisana Malaysia Sdn. Bhd., GE Healthcare Sdn Bhd, Omron Healthcare Malaysia, Masimo Malaysia, Yuwell Malaysia, Shanghai Berry Electronic Tech Co.,Ltd (Malaysia), Creative Medical Malaysia, Rossmax Malaysia are the leading players operating in Malaysia pulse oximeters market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several pulse oximeters manufacturers are coming up with their technologically advanced offerings.
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“High-end investments by the major market players for research and development activities to enhance the existing pulse oximeter technology by focusing on developing wireless and smart pulse oximeters. Use of wireless technology is expected to increase the ease and performance of the pulse oximeter device and enhance the data analysis procedure. Bluetooth technology is used to transfer the data from the smart device to wireless device for data processing and making the analysis procedure easier is contributing significantly to the growth of the pulse oximeter market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Malaysia Pulse Oximeters Market By Type (Fingertip v/s Handheld) By Sensor Type (Reusable v/s Disposable) By Patient Type (Neonatal, Pediatric, Adult) By End User (Hospitals & Clinics, Homecare, Ambulatory Care Centers, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia pulse oximeters market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Malaysia pulse oximeters market.
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