Global Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Segmentation, By Type (Wired MRI Pulse oximeters, Wireless MRI Pulse oximeters), Modality (Sensor with monitor, Sensor without monitor), End- User (Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers), Product (Fingertip Pulse Oximeters, Hand- Held Pulse Oximeters, Others) – Industry Trends and Forecast to 2032
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Analysis
In the Neonatal Intensive Care Unit (NICU) units, MRI pulse oximeters are also utilised to monitor the infants and give them a safe and secure environment. New sensor developments like fibre optic Spo2 sensors give the MRI pulse oximeter market built-in safety features. Due to their non-invasive nature and suitability for newborn infants, these gadgets are becoming more popular.
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Size
Global magnetic resonance imaging (MRI) pulse oximeters market size was valued at USD 609.52 million in 2024 and is projected to reach USD 772.13 million by 2032, with a CAGR of 1.5% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
|
Attributes
|
Magnetic Resonance Imaging (MRI) Pulse Oximeters Key Market Insights
|
|
Segmentation
|
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Key Market Players
|
Koninklijke Philips N.V. (Netherlands), EMCO Meditek Pvt. Ltd. (India), IRadimed Corporation (U.S.), MIPM - Mammendorfer Institut für Physik und Medizin GmbH (Germany), Hamilton Medical (Switzerland), General Electric (U.S.), Turner Medical. (U.S.), Welch Allyn (U.S.), Bio – X (Israel), Nihon Kohden Corporation (Japan), Spacelabs Healthcare (U.S.), CareFusion Corp (U.S.), Medtronic (Ireland), Masimo (U.S.), Nonin Medical (U.S.)
|
|
Market Opportunities
|
|
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Definition
In MRI scans, the blood oxygen saturation and pulse rate are monitored by MRI pulse oximeters. The number of persons with chronic conditions is steadily increasing. Additionally, people with chronic illnesses are more vulnerable to infections. Due to the increase in chronic disease cases, MRI pulse oximeters are currently in great demand.
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Dynamics
Drivers
- Increase in chronic disease cases
The development of MRI equipment is anticipated to accelerate market expansion. Other factors that are expected to contribute to the market growth during the forecast period of 2025 to 2032 include increasing healthcare investment, an increase in chronic disease cases, a rise in the demand for sophisticated SpO2 measuring techniques, an increase in R&D spending by various manufacturers, and an increase in mergers and acquisitions.
- Technological developments
Technological developments are matching the growing demand for MRI pulse oximeters in medical equipment. To apply MRI pulse oximeters in diverse settings, the researchers have carried out extensive study. Additionally, in 2017 Rad-97 Pulse-CO Oximeter and SedLine Brain Function Monitoring were introduced in India. The market for MRI pulse oximeters is expected to benefit from these devices' expected growth.
Opportunities
MRI pulse oximeters ensure safe surveillance during MRI scans because they are constructed of non-magnetic materials. Additionally, they are employed in intensive care, anaesthesia, and emergency treatment. The market for MRI pulse oximeters is expanding due to the increasing use of these devices in the medical field.
Restraints/Challenges
In the forecast period of 2025-2032, it is anticipated that the high cost of MRI diagnostic, the sensitivity of these devices, and the high maintenance cost will restrain market growth.
This magnetic resonance imaging (MRI) pulse oximeters market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the magnetic resonance imaging (MRI) pulse oximeters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Scope
The magnetic resonance imaging (MRI) pulse oximeters market is segmented on the basis of type, modality, end-users and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Wired MRI Pulse oximeters
- Wireless MRI Pulse oximeters
Modality
- Sensor with monitor
- Sensor without monitor
End- User
- Hospitals
- Diagnostic Laboratories
- Ambulatory Surgical Centers
Product
- Fingertip Pulse Oximeters
- Hand- Held Pulse Oximeters
- Others
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Regional Analysis
The magnetic resonance imaging (MRI) pulse oximeters market is analyzed and market size insights and trends are provided by country, type, modality, end-users and product as referenced above.
The countries covered in the magnetic resonance imaging (MRI) pulse oximeters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the magnetic resonance imaging (MRI) pulse oximeters market in forecast period of 2025 to 2032 due to presence of leading manufacturer and advancement in the medical industry which is expected to enhance the market growth in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2025 to 2032 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Share
The magnetic resonance imaging (MRI) pulse oximeters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to magnetic resonance imaging (MRI) pulse oximeters market.
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Leaders Operating in the Market Are:
- Koninklijke Philips N.V. (Netherlands)
- EMCO Meditek Pvt. Ltd. (India)
- IRadimed Corporation (U.S.)
- MIPM - Mammendorfer Institut für Physik und Medizin GmbH (Germany)
- Hamilton Medical (Switzerland)
- General Electric (U.S.)
- Turner Medical. (U.S.)
- Welch Allyn (U.S.)
- Bio – X (Israel)
- Nihon Kohden Corporation (Japan)
- Spacelabs Healthcare (U.S.)
- CareFusion Corp (U.S.)
- Medtronic (Ireland)
- Masimo (U.S.)
- Nonin Medical (U.S.)
SKU-