Transcutaneous Oximetry Systems Market: Global Growth, Trends, and Forecasts 2020-2025 - Growing Adoption Advanced Monitoring Systems for Blood Flow Monitoring - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Transcutaneous Oximetry Systems Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The transcutaneous oximetry systems market is expected to account for a significant growth rate, owing to the increasing prevalence of peripheral vascular disorders and wound healing disorder.

Increasing aging population and healthcare expenditure are expected to boost the growth of the transcutaneous oximetry systems market. Growing demand for non-invasive blood flow monitoring systems and sensor-based systems is expected to flourish the growth of the transcutaneous oximetry systems market.

Key Market Trends

Neonatal Monitoring Systems are Expected to Register High Growth in the Forecast Period

Premature babies in the NICU are fragile and at the risk of sudden changes in oxygenation and carbon dioxide levels, which can cause severe complications. With transcutaneous monitoring, a sensor is gently applied to the body, and it continuously measures blood gases diffusing through the skin. Transcutaneous monitoring in neonates provides a real-time overview of the patient's often fluctuating oxygenation (tcpO2) and ventilation (tcpCO2) status. This not only minimizes blood sampling from the fragile neonate, but the continuous information allows you to intervene immediately if any changes in the ventilation or oxygenation status occur.

These benefits have resulted in an increase in the demand for transcutaneous oximetry systems. Moreover, the demand for these systems is expected to rise due to the increasing preterm births. As per the Center for Diseases Control and Prevention 2018 data, the total preterm births rates have been increasing gradually over the years in the United States. This rate was 9.57 in 2014, which increased to 9.85 in 2016 in the United States. The rise in preterm births will require neonatal care, for which UVC is a vital instrument. Hence, the market for transcutaneous oximetry systems is expected to grow.

North America Dominates the Market

However, the United States (US) and Canada have a developed and well-structured healthcare system. These systems also encourage research and development. These policies encourage global players to enter the United States and Canada. As a result, these countries enjoy the presence of many global market players.

Moreover, the demand for umbilical vessel catheters is high in the region, due to high and increasing preterm births. As per a 2019 article in Canadian Institutes of Health Research, preterm births in Canada increased by 20% during the past two decades. In Mexico as well, nearly 200,000 babies are born prematurely, as per 2017 data by Ministry of Health in Mexico. The diabetic population is also high in these countries, which leads to diabetic foot ulcers. These factors have been driving the market growth in the region.

Competitive Landscape

The majority of the veterinary transcutaneous oximetry systems are being manufactured by the global key players. Market leaders with more funds for research and better distribution systems have established their position in the market. Moreover, Asia-Pacific is witnessing an emergence of some small players due to the rise in awareness. This has also helped the market growth.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Prevalence of Peripheral Vascular Disorders and Wound Healing Disorder

4.2.2 Growing Adoption of Advanced Monitoring Systems for Blood Flow Monitoring

4.2.3 Increasing Prevalence of Diabetic Foot Ulcer

4.3 Market Restraints

4.3.1 High Cost of Transcutaneous Oximetry Systems

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Vascular Diagnosis and Wound Healing Monitor

5.1.2 Neonatal Monitoring Systems

5.1.3 Other Types

5.2 By End User

5.2.1 Hospital

5.2.2 Clinics

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Radiometer America

6.1.2 Perimed

6.1.3 Philips

6.1.4 SenTec

6.1.5 Medicap Homecare

6.1.6 Radiology Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/rlel8o