Dublin, Sept. 24, 2020 (GLOBE NEWSWIRE) -- The "Transcutaneous Oximetry Systems Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
Transcutaneous oximetry systems market is expected to accounts significant growth rate as increasing prevalence of peripheral vascular disorders and wound healing disorder.
According to Center of Disease Control & Prevention, Around 8.5 million people in the United States have peripheral vascular disorders. Moreover, the increasing prevalence of diabetic foot ulcer is propelling the demand for transcutaneous oximetry systems. As well as transcutaneous oximetry systems are also gaining popularity to check need of amputation. Diabetic foot ulcer is the major reason for foot amputation. Growing adoption advanced monitoring systems for blood flow monitoring expected to favor the demand of the transcutaneous oximetry systems.
Increasing demand for technologically advanced products is expected to propel the growth of the transcutaneous oximetry systems market. Increasing aging population and healthcare expenditure expected to boost the growth of transcutaneous oximetry systems market. Growing demand for non-invasive blood flow monitoring systems and sensor-based systems expected to flourish the growth of 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 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 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 should any changes in the ventilation or oxygenation status occur.
These benefits have resulted in increase in demand for transcutaneous oximetry systems. Moreover, The demand for these systems is expected to rise due to increasing preterm births even is more developed part of the world. As per Center for Diseases Control and Prevention 2018 data, the total preterm births rates have been increasing gradually over the years in the United States of America (US). The data observed that this rate was 9.57 in 2014 which increased to 9.85 in 2016 in the US. 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 health care system. These systems also encourage research and development. These policies encourage global players to enter the US 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 have 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 region which leads to diabetic foot ulcer. These factors have been driving the market growth in the region.
Competitive Landscape
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 system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market growth.
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Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
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 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 Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
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 Others
5.2 By End-User
5.2.1 Hospital
5.2.2 Clinics
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
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
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