The global demand for MRI Pulse Oximeters Market is presumed to reach the market size of nearly USD 45.24 Million by 2032 from USD 33.34 Million in 2023 with a CAGR of 3.45% under the study period 2024 - 2032.
MRI pulse oximeter is designed to monitor the patient's pulse and blood oxygen saturation during MRI scans. It incorporates a fiber optic sensor for patient safety and image quality. It is also available in two types of modality one is a sensor with monitor and the other is sensor without a monitor.
Market Dynamics
The rising prevalence of chronic diseases such as cancer and cardiovascular diseases and increasing adoption of radiological technologies for accurate diagnosis of diseases is driving the market growth. However, the time-consuming procedure of pulse oximeters is likely to limit growth. Whereas, the availability of cost-effective developments such as wireless and wrist-worn pulse oximeters are expected to provide potential opportunity over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of MRI pulse oximeters.
Market Segmentation
The entire MRI pulse oximeters market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Wired MRI Pulse Oximeter
- Wireless MRI Pulse Oximeter
By Modality
- Sensors with Monitors
- Sensors without Monitors
By Application
- Hospitals
- Diagnostic Laboratories
- Ambulatory Surgical Center
By Product
- Fingertip Pulse Oximeters
- Hand- Held Pulse Oximeters
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for MRI pulse oximeters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global MRI Pulse Oximeters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the MRI Pulse Oximeters market include Koninklijke Philips N.V., Nonin, IRadimed Corporation, EMCO Meditek Pvt. Ltd., MIPM, Hamilton Medical, General Electric Company, Turner Medical, Medtronic, Zensorium. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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