Transcutaneous Oxygen Monitors Market: Emerging Factors, Future Demands, and Key Players

Transcutaneous oxygen monitor is a medical equipment which used to calculate the amount of oxygen diffusing through the layers of skin into the capillaries. Transcutaneous oxygen measurement is an important tool for diagnosing and assessment tool for individuals.

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Transcutaneous oxygen monitors were intended for neonatal use; however, these have become an important tool in several clinical areas such as quantification & diagnosis of peripheral vascular diseases, revascularization, and hyperbaric treatment. Transcutaneous oxygen monitor sensors once placed over the skin surface start recording oxygen levels. It is to be noted that these electrodes must be calibrated before use.

Transcutaneous oxygen monitoring is routinely performed for premature babies in NICU, as sudden changes in oxygen levels can lead to severe complications such as hypoxia, retinopathy, and bronchopulmonary dysplasia. In order to measure the oxygen levels, a sensor is applied over the body to record and measure the rate of diffusion of blood gases through the skin. In case of infants, the optimum levels of transcutaneous oxygen should be 60 mm Hg to 70 mm Hg.

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Transcutaneous oxygen monitors play an important role by providing evidence on the levels of oxygen supply to the tissue during absorption, transport, and de-oxygenation process. Transcutaneous oxygen monitoring helps to improve diagnosis of individuals with peripheral angiopathy.

Major drivers of the global transcutaneous oxygen monitors market include new product launches, expansion of health care infrastructure in developing countries, increase in mergers & acquisitions, rise in prevalence of chronic diseases, and surge in awareness. Tissue injury, development of superior technology of oxygen monitoring, stringent regulation governing the use of medical devices, and chance of recording false positive or false negative readings are the key factors restraining the global market.

The global transcutaneous oxygen monitors market can be segmented based on product type, patient type, application, end-user, and region. In terms of product type, the global market can be classified into wound healing monitors, neonatal monitors, and others.

Based on patient type, the global transcutaneous oxygen monitors market can be bifurcated into neonates and adults. In terms of application, the global market can be divided into wound healing, revascularization, hyperbaric treatment, blood gas monitoring, and others. Based on end-user, the global transcutaneous oxygen monitors market can be categorized into hospitals, specialized clinics, diagnostic centers, ambulatory surgical centers, and others.

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In terms of region, the global transcutaneous oxygen monitors market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period, followed by Europe. Dominance of the two regions is attributed to higher presence of medical device manufacturers in the regions, rise in prevalence of chronic diseases, and well-established health care system to cater to the increase in demand for non-invasive procedures.

Asia Pacific is anticipated to present lucrative opportunities in the transcutaneous oxygen monitors market during the forecast period. Expansion of health care infrastructure, rise in spending capacity of people in the growing economies in the region, increase in patient population, and adoption of expansion strategies by major manufacturers through launch of new products and strategic partnerships with regional manufacturers and vendors. The transcutaneous oxygen monitors market in Latin America and Middle East & Africa is expected to be driven by improving health care infrastructure, increase in awareness, rise in demand, and introduction of favorable health care reforms.

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Major manufacturers operating in the global transcutaneous oxygen monitors market are Radiometer, Koninklijke Philips N.V., SenTec AG, ELCAT, and Perimed AB, among others. Increase in focus of manufacturers on emerging economies of the world, rise in product approvals, and expansion of product portfolio are anticipated to drive the global transcutaneous oxygen monitors market during the forecast period.

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