"Global Magnetic Resonance Imaging (MRI) Pulse Oximeters Market – Industry Trends and Forecast to 2029
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.
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.
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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.
**Segments**
- Type: The MRI pulse oximeters market can be segmented based on type into tabletop oximeters and handheld oximeters. Tabletop oximeters are usually larger in size and are designed for stationary use in healthcare facilities, while handheld oximeters are more portable and convenient for use in various settings.
- End-User: Another key segment for the MRI pulse oximeters market is end-user, which includes hospitals, ambulatory surgical centers, and diagnostic centers. Hospitals are the primary users of MRI pulse oximeters due to the high volume of patients undergoing MRI scans in these facilities.
- Application: The market can also be segmented by application, with MRI pulse oximeters being used during procedures such as diagnostic imaging, surgical monitoring, and patient monitoring. These devices play a crucial role in ensuring the safety and well-being of patients undergoing MRI scans.
**Market Players**
- Medtronic: Medtronic is a leading player in the MRI pulse oximeters market, offering a range of innovative oximetry solutions for healthcare professionals. The company's strong focus on research and development has helped it maintain a competitive edge in the market.
- Masimo Corporation: Masimo Corporation is another key player in the MRI pulse oximeters market, known for its advanced monitoring technologies and commitment to patient safety. The company's products are widely used in healthcare facilities worldwide.
- Koninklijke Philips N.V.: Koninklijke Philips N.V. is a prominent player in the healthcare industry, providing a variety of medical devices, including MRI pulse oximeters. The company's reputation for quality and reliability has contributed to its success in the market.
- Nonin Medical, Inc.: Nonin Medical, Inc. is a trusted manufacturer of oximetry solutions, including products suitable for use in MRI environments. The company's focus on precision and accuracy has made it a preferred choice for healthcare professionals.
The MRI pulse oximeters market is expected to witness significant growth in the coming years, driven by the increasing demand for advanced monitoring technologiesThe MRI pulse oximeters market is poised for substantial growth in the foreseeable future as the healthcare industry continues to emphasize the importance of patient monitoring and safety during MRI procedures. The segmentation of the market based on type into tabletop oximeters and handheld oximeters caters to the diverse needs of healthcare facilities and providers. Tabletop oximeters are preferred for stationary use in hospitals and diagnostic centers where a stable platform is essential, while handheld oximeters offer greater flexibility and portability for use in ambulatory surgical centers and other settings. The versatility of these devices allows healthcare professionals to effectively monitor patients' oxygen levels during MRI scans, ensuring optimal care delivery.
One critical segment in the MRI pulse oximeters market is the end-user category, which includes hospitals, ambulatory surgical centers, and diagnostic centers. Hospitals, as the primary users of MRI pulse oximeters, drive a significant portion of the market demand due to the high volume of patients undergoing MRI scans in these settings. Additionally, the application segment of the market highlights the essential roles of MRI pulse oximeters in various healthcare procedures such as diagnostic imaging, surgical monitoring, and patient monitoring. These devices play a vital role in enhancing patient safety and outcomes by providing real-time oxygen saturation data to healthcare providers.
Market players such as Medtronic, Masimo Corporation, Koninklijke Philips N.V., and Nonin Medical, Inc. are pivotal in driving innovation and technological advancements in the MRI pulse oximeters market. Medtronic's focus on research and development has positioned it as a leader in providing cutting-edge oximetry solutions for healthcare professionals. Masimo Corporation's commitment to patient safety and advanced monitoring technologies has garnered widespread recognition in healthcare facilities globally. Koninklijke Philips N.V.'s reputation for quality and reliability has solidified its position in the market, offering a range of medical devices, including MRI pulse oximeters. Nonin Medical, Inc.'s dedication to precision and accuracy has made it a preferred choice for healthcare professionals requiring oximetry solutions in MRI environments**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.**
The MRI pulse oximeters market is projected to experience substantial growth in the foreseeable future, driven by the rising demand for advanced monitoring technologies in healthcare settings. The segmentation of the market based on type, including wired and wireless MRI pulse oximeters, provides options tailored to the specific needs of healthcare facilities and providers. Wired oximeters offer a reliable connection for continuous monitoring, while wireless oximeters offer greater mobility and flexibility for healthcare professionals during MRI procedures. This versatility enables healthcare providers to efficiently monitor patients' oxygen saturation levels, enhancing the overall quality of care.
The modality segment of the market distinguishes between sensor oximeters with a monitor and those without a monitor. Sensor oximeters with a monitor provide real-time data display, allowing healthcare professionals to monitor oxygen levels instantly. Conversely, sensor oximeters without a monitor are designed for streamlined use and data transmission to external monitoring systems. This segmentation caters to the diverse preferences and requirements of healthcare facilities, ensuring efficient and accurate monitoring during MRI scans.
End-users such as hospitals, diagnostic laboratories, and ambulatory surgical centers play a
Magnetic Resonance Imaging (MRI) Pulse Oximeters Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Magnetic Resonance Imaging (MRI) Pulse Oximeters Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Table of Contents: Magnetic Resonance Imaging (MRI) Pulse Oximeters Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, by Product Type
7 Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, by Modality
8 Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, by Type
9 Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, by Mode
10 Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, by End User
12 Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, by Geography
12 Magnetic Resonance Imaging (MRI) Pulse Oximeters Market, Company Landscape
13 Swot Analysis
14 Company Profiles
The investment made in the study would provide you access to information such as:
- Magnetic Resonance Imaging (MRI) Pulse Oximeters Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Market Size)
- Market Size by application/industry verticals
- Market Projections/Forecast
Critical Insights Related to the Magnetic Resonance Imaging (MRI) Pulse Oximeters Included in the Report:
- Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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