Transcutaneous Oxygen Monitor Market Report

Market Insights

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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What is a Transcutaneous oxygen monitor?

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

Key players operating in the global Transcutaneous Oxygen Monitor market are-

• 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).

Market Dynamics

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.

• It is being increasingly used to improve the diagnosis of individuals with peripheral angiopathy.
• The increasing prevalence of chronic diseases among adults is likely to contribute significantly to market growth.
• Furthermore, growing emphasis on developing advanced healthcare solutions by the market players is likely to create lucrative opportunities for the market players.

Segment Analysis

End User Trends

Based on end user, the market has been divided into hospitals, specialized clinics, diagnostic centres, and ambulatory surgical centres.

• The hospitals segment accounted for the largest share in 2020 and is expected to continue its dominance during the review period owing to increasing investment on healthcare infrastructure development and availability of skilled staff to provide services such as blood gas monitoring, sleep diagnostics and respiratory care.

Regional Trends

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.

COVID-19 Impact on Global Transcutaneous Oxygen Monitor Market

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.

Critical Questions Answered in the report-

• What are the key trends in the global transcutaneous oxygen monitor market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on global transcutaneous oxygen monitor market?
• What are the key strategies adopted by the major vendors to lead in the global transcutaneous oxygen monitor market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the Global Transcutaneous Oxygen Monitor market aims to convert the most:

• Transcutaneous oxygen monitor distributors
• Transcutaneous oxygen monitor suppliers
• Transcutaneous oxygen monitor manufacturers
• Logistics organizations
• Government Bodies

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