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Transcutaneous Oximetry Systems Market Size

Report ID: GMI5829
Published Date: May 2023
Report Format: PDF

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Transcutaneous Oximetry Systems Market Size

Transcutaneous Oximetry Systems Market size was valued at around USD 132 million in 2022 and is anticipated to demonstrate a CAGR of over 5.5% between 2023 and 2032. Technological advancement is set to propel the industry growth during the forecast period. Advancements in transcutaneous monitor manufacturing technologies result in an improvement in peripheral vascular disorders, diabetic foot ulcers, and wound healing disorder treatment procedures.

These oximetry systems are specially designed for sleep diagnostics, neonatal intensive care, etc. Advanced connectivity & reporting features are allowing healthcare professionals to store, share, and manage data reports.

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Digital technology is further providing application prospects for personalized peripheral vascular disease treatment through integrating advanced sensor platforms. These advantages pertaining to transcutaneous oximetry systems are attributable to ongoing R&D activities and significant technological advancements. As a result, the recent technological advancements are set to increase the demand for transcutaneous oximetry systems that will prove beneficial for market expansion.

Transcutaneous oximetry systems monitoring is a non-invasive method for patients that need continuous monitoring of oxygen and carbon dioxide with minimal blood draws.

Transcutaneous Oximetry Systems Market Report Attributes
Report Attribute	Details
Base Year:	2022
Transcutaneous Oximetry Systems Market Size in 2022:	USD 132.2 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 223.2 Million
Historical Data for:	2018 to 2022
No. of Pages:	180
Tables, Charts & Figures:	363
Segments covered:	Channel type, Application, End-use and Region
Growth Drivers:	Increasing prevalence of peripheral vascular disorders and wound healing disorders Rising focus towards patient monitoring during diagnosis and treatment Technological advancements Surging awareness regarding use of transcutaneous oximetry systems for preterm infants
Pitfalls & Challenges:	Stringent regulatory policies High cost of transcutaneous oximetry systems

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However, high cost related to transcutaneous oximetry systems is a major factor that may restrain the market growth during the forecast period. Transcutaneous monitoring is recommended for people with diabetic foot ulcers and other types of wound-healing disorders. Similarly, the increasing number of patients suffering from peripheral vascular diseases creates demand for effective treatments; however, the high cost of these transcutaneous oximetry systems may restrict their adoption, especially among people with lower socio-economic status and across low-income countries.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Market size for transcutaneous oximetry systems was valued at around USD 132 million in 2022 and is estimated to reach over USD 223 million by the end of 2032 attributed to increasing technological improvements.

The multichannel segment was valued at more than USD 96 million in 2022 and is set to grow at a robust pace through 2032 owing to the rising awareness of benefits related to the use of multichannel transcutaneous oxygen monitors.

The U.S. dominated the North America transcutaneous oximetry systems industry and is anticipated to reach around USD 91 million by 2032 driven by the growing prevalence of preterm birth and the surging adoption of advanced patient monitoring systems.

The global transcutaneous oximetry systems industry comprises Advin Health Care, Cephalon, Medicap Homecare GmbH, Perimed AB, Koninklijke Philips N.V., and many other prominent firms.