Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 419.19 million | USD 596.35 million | 3.95% | 2023 |
The global Transcutaneous Monitors market size accrued earnings worth approximately USD 419.19 Million in 2023 and is predicted to gain revenue of about USD 596.35 Million by 2032, is set to record a CAGR of nearly 3.95% over the period from 2024 to 2032
The transcutaneous monitors are devices that are small, portable, and compact in size. These devices are used for supporting the patient monitoring during the traveling time which is possible owing to the built-in batteries thus being helpful to be utilized anywhere. There is the integration of data memory in the transcutaneous monitors which enables the user to download and monitor the patient’s measurement of uptake oxygen and the washout carbon dioxide on the computer.
Radiometer has launched the new CE marked TCM5 transcutaneous monitor so that the vital needs of the pediatric, neonatal, and the adult patients are addressed. Using this device the non-invasive monitoring of tcpCO2, tcpO2 along with Masimo SET® SpO2, pulse rate, and perfusion index in real time can be done.
The market for the transcutaneous monitors will be growing at a rapid rate in the coming years. The major factors that are contributing to the growth of the market are increasing adoption of the non-invasive monitoring for the ventilation and oxygenation, the rise in the healthcare expenditures, and the increasing cases of respiratory diseases which are related to the neonatal intensive care. Some other factors that are positively affecting the growth of the market are the increasing production and sales of the transcutaneous monitors along with its increasing application in the adult and pediatric intensive care, clinical diagnostics, respiratory care, plastic surgery fuels the growth of the market. The factor that is limiting the growth of the market is the absence of the skilled professionals.
Report Attributes | Report Details |
---|---|
Report Name | Transcutaneous Monitors Market |
Market Size in 2023 | USD 419.19 Million |
Market Forecast in 2032 | USD 596.35 Million |
Growth Rate | CAGR of 3.95% |
Number of Pages | 201 |
Key Companies Covered |
Radiometer Medical ApS, SenTec AG, Perimed AB, Koninklijke Philips N.V, ELCAT, Medtronic, Codman & Shurtleff Inc., RAUMEDIC AG, Vittamed, Sophysa Ltd., Orsan Medical Technologies, Integra LifeSciences Holdings Corporation, Spiegelberg GmbH & Co. KG, DiabetikFoot Care, Humares GmbH among others. |
Segments Covered | By Type, By Application, By End-User, By Channel Type, By Product, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global market for the transcutaneous monitors is fragmented into the product type, application, and the end-user industry. On the basis of the type of product, the market is segregated into baby monitor, wound healing monitor, and others. On the basis of the application, the market is categorized into respiratory care, blood gas monitoring, plastic surgery, diagnostics in vascular ischemia, sleep diagnostics, wound healing, diabetes, and measurement of amputation level. On the basis of the end-user industry, the market is divided into specialty clinics, diagnostic centers, adult & pediatric intensive care units, hospitals, ambulatory surgical centers, and neonatal intensive care units.
The regions that are holding the major shares in the transcutaneous monitors market are Europe and the North America owing to the growing cases of people suffering from diabetes and chronic diseases. Other factors that support the growth of the market are the availability of the advanced healthcare facilities and the growing spending power of the people. In Asia Pacific region, the market is anticipated to grow at a rapid rate owing to the increasing presence of the local manufacturers of the transcutaneous monitors.
The key market players that are involved in the transcutaneous monitors market include
By Type
By Application
By End- User
By Channel Type
By Product
By Region
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