Transcutaneous Oxygen Monitor Market Report
The report on the Global Transcutaneous Oxygen Monitor Market is segmented by Product Type (Wound Healing Monitors, Neonatal Monitors, Others), By Application (Wound Healing, Revascularization, Hyperbaric Treatment, Blood Gas Monitoring, Others), By End User (Hospitals, Specialized Clinics, Diagnostic Centers, Ambulatory Surgical Centers), and Region. It also focuses on the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Transcutaneous Oxygen Monitor market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and forecast period is 2022-2026.
The report on the Global Transcutaneous Oxygen Monitor Market is segmented by Product Type (Wound Healing Monitors, Neonatal Monitors, Others), By Application (Wound Healing, Revascularization, Hyperbaric Treatment, Blood Gas Monitoring, Others), By End User...
Impact of COVID-19 on Transcutaneous Oxygen Monitor Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Transcutaneous Oxygen Monitor Market is estimated to grow from USD 101.3 million in 2020 to USD 140.5 million by 2026 at a healthy CAGR of 5.7% during the forecast period.
Figure: Global Transcutaneous Oxygen Monitor Market Size, 2020-2026 (USD Million)
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A transcutaneous oxygen monitor device is used to monitor oxygen tension in the skin, especially for premature infants and adults. It is a non-invasive method to obtain skin oxygen levels. It provides instant information about the body’s ability to deliver oxygen to the tissues. It comprises a silver and platinum electrode covered with an oxygen-permeable membrane.
Key players operating in the global Transcutaneous Oxygen Monitor market are-
The global market growth is primarily driven by increasing use to monitor oxygen levels in infants as a sudden change in the oxygen level of the infants can cause various health issues such as retinopathy, hypoxia, and bronchopulmonary dysplasia.
Based on end user, the market has been divided into hospitals, specialized clinics, diagnostic centres, and ambulatory surgical centres.
The market in North America accounted for largest share in 2020 owing to rising incidences of respiratory disorders coupled with expanding geriatric populace and presence of established healthcare expenditure.
The market in Asia-Pacific region is projected to register healthy growth rate on account of increasing spending on healthcare with rising prevalence of chronic diseases.
The covid-19 outbreak did not affect the growth of the transcutaneous oxygen monitor market positively as all the essential healthcare services were allowed despite a surge in covid-19 cases. Transcutaneous oxygen monitors are crucial for infants to check oxygen levels routinely. Also, it plays an important role in diagnosing respiratory issues.
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The following is a list of the customers that the Global Transcutaneous Oxygen Monitor market aims to convert the most:
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The transcutaneous oxygen monitor market is expected to witness an impressive growth of 5.7% CAGR in the foreseeable future.
Medtronic plc (The U.S), Shinse Electronics Group (The U.S), HUMARES GmbH (Germany), Radiometer Medical ApS (Denmark), SenTec AG (Switzerland), Perimed AB (Sweden), Koninklijke Philips N.V. (Netherlands), ELCAT GmbH (Germany), Cephalon, Inc. (The U.S) and Diabetik Foot Care India Private Limited (India) are among the key players in the transcutaneous oxygen monitor market.
The transcutaneous oxygen monitor market size is expected to reach USD 140.5 million in the foreseeable future.
North America accounted for the largest share of transcutaneous oxygen monitor market in 2020.
The hospitals segment is expected to remain dominant in the transcutaneous oxygen monitor market in the coming years.
Increasing use to monitor oxygen levels in infants, increasing prevalence of chronic diseases among adults, growing emphasis on developing advanced healthcare solutions by the market players are the factors driving the growth of transcutaneous oxygen monitor market.
Transcutaneous oxygen monitor distributors, Transcutaneous oxygen monitor suppliers, Transcutaneous oxygen monitor manufacturers, Logistics organizations, Government Bodies are the target audience in the transcutaneous oxygen monitor market.