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Transcutaneous Oximetry Systems Market Size
- Report ID: GMI5829
- Published Date: May 2023
- Report Format: PDF
Transcutaneous Oximetry Systems Market Size
Transcutaneous Oximetry Systems Market size was valued at around USD 132 million in 2022 and is anticipated to demonstrate a CAGR of over 5.5% between 2023 and 2032. Technological advancement is set to propel the industry growth during the forecast period. Advancements in transcutaneous monitor manufacturing technologies result in an improvement in peripheral vascular disorders, diabetic foot ulcers, and wound healing disorder treatment procedures.
These oximetry systems are specially designed for sleep diagnostics, neonatal intensive care, etc. Advanced connectivity & reporting features are allowing healthcare professionals to store, share, and manage data reports.
Digital technology is further providing application prospects for personalized peripheral vascular disease treatment through integrating advanced sensor platforms. These advantages pertaining to transcutaneous oximetry systems are attributable to ongoing R&D activities and significant technological advancements. As a result, the recent technological advancements are set to increase the demand for transcutaneous oximetry systems that will prove beneficial for market expansion.
Transcutaneous oximetry systems monitoring is a non-invasive method for patients that need continuous monitoring of oxygen and carbon dioxide with minimal blood draws.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Transcutaneous Oximetry Systems Market Size in 2022: | USD 132.2 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 223.2 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 363 |
| Segments covered: | Channel type, Application, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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However, high cost related to transcutaneous oximetry systems is a major factor that may restrain the market growth during the forecast period. Transcutaneous monitoring is recommended for people with diabetic foot ulcers and other types of wound-healing disorders. Similarly, the increasing number of patients suffering from peripheral vascular diseases creates demand for effective treatments; however, the high cost of these transcutaneous oximetry systems may restrict their adoption, especially among people with lower socio-economic status and across low-income countries.
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Transcutaneous Oximetry Systems Market Scope
