By Product Type (Wired MRI Pulse Oximeter, Wireless MRI Pulse Oximeter, Handheld Pulse Oximeters, Fingertip Pulse Oximeters), By End User (Hospital, Ambulatory Surgical Centers and Diagnostic Laboratories), By Modality (MRI Pulse Oximeter with Monitor, MRI Pulse Oximeter without monitor), By Region (North America, Latin America, Europe, Middle East and Africa and Asia-Pacific), By Country (United States, Canada, Mexico, Brazil, Argentina, Germany, Italy, United Kingdom, Spain, France, Saudi Arabia, UAE, China, India, Japan, ASEAN, Australia), By Company
Notable technological advancements in the healthcare sector are registering a positive growth in MRI pulse oximeters market. MRI pulse oximeters are used for the detection of congenital heart defects (CHD) and extensively deployed in the emergency and critical care units. A new era is formed for the detection and diagnosis of the health critical CHD and subclinical levels of hypoxemia that can be treated at the initial stages with the help of MRI pulse oximeters.
Historical Data: 2015-19
Base Year: 2019
Forecast Period: 2020-25
Middle East & Africa
Moreover, the other major factors enhancing the sales of MRI pulse oximeters are the revolution in the healthcare industry with the heavy investments for privatization of the government hospitals, and burgeoning expansion of private hospitals in emerging economies such as India, China, etc. Moreover, with the expansion of medical colleges especially in Russia and China acting as an educational hub intensifying the growth of MRI pulse oximeters
According to the MarkNtel Advisors’ research report, “Global MRI Pulse Oximeters Market Analysis, 2020”, the CAGR of global MRI Pulse Oximeters market is expected to be around 5% during 2020-25. Wireless MRI pulse oximeters are gaining traction in the healthcare sector owing to the rising demand for technology upgrades. The manufactures are deploying Bluetooth and Infrared in the monitors for real-time monitoring of patient’s data for analyzing the vital information. Bluetooth MRI pulse oximeters are gaining popularity in the recent times as they provide more accurate information with early detection of chronic disease. Thus, the demand for wireless MRI pulse oximeters is expected to rise at a sturdy rate during 2002-25.
Increasing Government Spending
Middle East is primarily an oil-driven market but is now expanding its spending in sectors such as construction and healthcare. Saudi Arabia’s total spending on healthcare sector accounted to be around USD 46 billion in 2019 as compared to USD 42 billion in 2018. Developed countries such as the United States and United Kingdom have high per capita spending on healthcare sector and healthcare infrastructural development in emerging countries such as China and India is gaining pace. India and China have exceptional growth potential in future due to the low treatment cost attracting patients for medical tourism.
According to the MarkNtel Advisors, the major leading players are Nonin Medical, Inc., EMCO Meditek Pvt Ltd., IRadimed Corporation, MIPM, Koninklijke Philips NV, CareFusion Corp, Masimo, Medtronic, Mediatech Equipment, Zensorium among others. OEMs are developing oximeters for smartphone connectivity, for instance, iSpO2 TM Rx Pulse Oximeter launched for Android devices by Masimo for sports and aviation use. Nonin recently launched a model 3231 OEM/eHealth finger pulse oximeter and got approval from the FDA in the United States.
Key Questions Answered in the Market Research Report
What are the key market statistics (Market Overview, Market Size, Forecast, CAGR, Market Segmentation, Market Shares) of Global MRI Pulse Oximeters Market?
What are the key market or technology trends in Global MRI Pulse Oximeters Market?
What are the significant innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global MRI Pulse Oximeters Market?
Who are the key competitors or market players and how they perform in global competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global MRI Pulse Oximeters Market study?
Market Outlook, Segmentation and Statistics
Market Size & Forecast
By Revenues (USD Million)
By Volume (Units Sold)
Market Share & Forecast
By Product Type
Wired MRI Pulse Oximeter
Wireless MRI Pulse Oximeter
Handheld Pulse Oximeters
Fingertip Pulse Oximeters
By End User
Ambulatory Surgical Centers
MRI Pulse Oximeter with Monitor
MRI Pulse Oximeter without Monitor
Middle East & Africa
Strategic Factorial Indexing
Competitor Placement in MarkNtel Quadrant
North America MRI Pulse Oximeters Market Analysis, 2015-2025F
Latin America MRI Pulse Oximeters Market Analysis, 2015-2025F
Europe MRI Pulse Oximeters Market Analysis, 2015-2025F
Middle East and Africa MRI Pulse Oximeters Market Analysis, 2015-2025F
Global MRI Pulse Oximeters Market Policies, Regulations, Product Standards
Global MRI Pulse Oximeters Market Hotspot & Opportunities
Global MRI Pulse Oximeters Market Key Strategic Imperatives for Success & Growth
Global Competition Outlook
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global MRI Pulse Oximeters Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of units sold(Thousand).
Q. What would be the CAGR of the Global MRI Pulse Oximeters Market during 2020 to 2025?
A. The market size of Global MRI Pulse Oximeters Market would register a CAGR of 5% during 2020-25.
Q. Does the report scope cover country wise market statistics also?
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories.
Q. Who are the key players or major competitors in Global MRI Pulse Oximeters Market?
A. are Nonin Medical, Inc., EMCO Meditek Pvt Ltd., IRadimed Corporation, MIPM, Koninklijke Philips NV, CareFusion Corp, Masimo, Medtronic, Mediatech Equipment, Zensorium, etc. are few of the leading players with majority market share in Global MRI Pulse Oximeters Market.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global MRI Pulse Oximeters Market Voice of Customer
5. Global MRI Pulse Oximeters Market Analysis, 2015-2025F
5.1. Market Size & Analysis
5.1.1. Market Revenue
5.1.2. Units Sold
5.2. Market Share & Analysis
5.2.1. By Product Type
220.127.116.11. Wired MRI Pulse Oximeter
18.104.22.168. Wireless MRI Pulse Oximeter
22.214.171.124. Handheld Pulse Oximeters
126.96.36.199. Fingertip Pulse Oximeters
5.2.2. By End User
188.8.131.52. Ambulatory Surgical Centers
184.108.40.206. Diagnostic Centers
5.2.3. By Modality
220.127.116.11. MRI Pulse Oximeter with Monitor
18.104.22.168. MRI Pulse Oximeter without Monitor
5.2.4. By Region
22.214.171.124. North America
126.96.36.199. Latin America
188.8.131.52. Middle East and Africa
5.2.5. By Company
184.108.40.206. Revenue Shares
220.127.116.11. Strategic Factorial Indexing
18.104.22.168. Competitor Placement in MarkNtel Quadrant
6. North America MRI Pulse Oximeters Market Analysis, 2015-2025F
6.1. Market Size & Analysis
6.1.1. Market Revenue
6.1.2. Units Sold
6.2. Market Share & Analysis
6.2.1. By Product Type
6.2.2. By End User
6.2.3. By Modality
22.214.171.124. United States
6.3. United States MRI Pulse Oximeters Market Analysis, 2015-2025F