Global Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, 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 2029.
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Analysis and Size
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.
Data Bridge Market Research analyses that the magnetic resonance imaging (MRI) pulse oximeters market which was USD 557.8 million in 2021, would rocket up to USD 706.60 million by 2029, and is expected to undergo a CAGR of 3.0% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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.)
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Market Opportunities
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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 2022 to 2029 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 2022- 2029, 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.
COVID-19 Impact on Magnetic Resonance Imaging (MRI) Pulse Oximeters Market
The COVID-19 pandemic and related statewide lockdowns had an effect on a number of industries, including the patient monitoring system market. Key industry growth was substantially constrained overall, especially in nations with high COVID-19 incidence rates. The pandemic caused a sharp increase in demand for patient management and remote monitoring systems. Most healthcare organisations are actively working to extend patient monitoring to residential care facilities or other temporary setups in order to deliver appropriate therapy.
Global 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/Insights
The magnetic resonance imaging (MRI) pulse oximeters market is analysed 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 2022 to 2029 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 2022 to 2029 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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The magnetic resonance imaging (MRI) pulse oximeters market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global MRI pulse oximeters market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the magnetic resonance imaging (MRI) pulse oximeters market. The data is available for historic period 2010-2020.
Competitive Landscape and Magnetic Resonance Imaging (MRI) Pulse Oximeters Market Share Analysis
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.
Some of the major players operating in the magnetic resonance imaging (MRI) pulse oximeters 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.)
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report
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