MRI Pulse Oximeter Market

According to GMI Research’s latest report, the Global MRI Pulse Oximeter Market was valued at USD 703 million in 2018 and is projected to reach USD 1,085 million by 2026, growing at a CAGR of 5.6% during 2019–2026.

The MRI Pulse Oximeter is designed using non-magnetic components to enable safe and accurate monitoring of pulse and blood oxygen saturation during MRI scans. The oximeter consists of a fiber optic sensor that improves the patient’s safety and enhances the image quality. It is suitable for adults, pediatric & neonate and provides fast pulse rate measurements.

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The significant factors contributing towards the growth of the Global MRI Pulse Oximeter market include the growing research & development spending on the manufacturing of new technologically advanced products and rising investment in the healthcare sector across the globe. With the massive shift in the global healthcare sector, the manufacturers are mainly focusing on continuous product development, such as the introduction of easy-to-use designs with greater flexibility to obtain vital sign information of the patients. For instance, the key manufacturers of MRI pulse oximeters are introducing fiber optic SpO2 sensors and intelligent pulse-by-pulse filtering technology in their products to provide accurate readings. These technological advancements will create new opportunities in the market, thereby attracting a large number of customers to opt for MRI Pulse Oximeters for accurate results. Moreover, during the forecast period. The MRI Pulse Oximeter enables the monitoring of oxygen saturation and indicates dangerous side effects in patients taking drugs that can affect breathing process of the body. On the other hand, the time-consuming procedure of MRI Pulse oximetry testing will hamper the growth of the market during the forecast period.

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Wireless MRI Pulse Oximeters segment is anticipated to lead the market during the forecast period owing to the increasing adoption of these oximeters driven by its ability to operate without connecting it to MRI machines. The market players are emphasizing on higher innovations and investments to gain competitive advantage over the other key players. Moreover, the increasing awareness regarding the exceptional benefits offered by wireless pulse meters will promote the consumers towards the usage of these oximeters.

MRI Pulse Oximeters with monitors segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for technologically advanced products by the end-users. The increasing adoption of radiological technologies for accurate diagnosis of diseases will further encourage the consumers to adopt these oximeters at the global level.

North American region is anticipated to lead the market during the forecast period owing to the increasing government and private funding in the healthcare sector. The increasing investment in the healthcare sector is encouraging the technological development of the medical devices.

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Various notable players operating in Global MRI Pulse Oximeter Market include Koninklijke Philips N.V, Nonin, IRadimed Corporation, EMCO Meditek Pvt. Ltd, MIPM, Medtronic, Omron, GE Healthcare, Masimo, among others.

Key Market Developments:

• • In 2018, Masimo announced Rad-97 Pulse-CO Oximeter System with integrated NomoLine capnography. The product is an easy-to-use device with improved monitoring capabilities.

The Global MRI Pulse Oximeter Market has been segmented on the basis of Product Type, Modality, End-User, and key regions. Based on Type, the market is segmented into Wired MRI Pulse Oximeter and Non-Wired MRI Pulse Oximeter. Based on Modality, the market is segmented into MRI Pulse Oximeter with Monitor and MRI Pulse Oximeter without Monitor. Based on the End-user, the market is segmented into Hospitals, Diagnostic Laboratories, and Ambulatory Surgical Centers.

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Key questions answered in this research report:

• • At what pace is the Global MRI Pulse Oximeter Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the coming years?
  • What are the various modality areas and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • How the penetration of MRI Pulse Oximeter is changing globally and what is driving this change?

Market Segmentation:

Global MRI Pulse Oximeter Market by Product Type

• • Wired MRI Pulse Oximeter
  • Non-Wired MRI Pulse Oximeter

Global MRI Pulse Oximeter Market by Modality

• • MRI Pulse Oximeter with Monitor
  • MRI Pulse Oximeter without Monitor

Global MRI Pulse Oximeter Market by End-User

• • Hospitals
  • Diagnostic Laboratories
  • Ambulatory Surgical Centers

Global MRI Pulse Oximeter Market by Region

• • North America MRI Pulse Oximeter Market
    Option 1: As a part of the free 25% customization
    • North America Market By Product Type
    • North America Market By Modality
    • North America Market By End User
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe MRI Pulse Oximeter Market
    Option 2: As a part of the free 25% customization
    • Europe Market By Product Type
    • Europe Market By Modality
    • Europe Market By End User
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific MRI Pulse Oximeter Market
    Option 3: As a part of the free 25% customization
    • Asia-Pacific Market By Product Type
    • Asia-Pacific Market By Modality
    • Asia-Pacific Market By End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW MRI Pulse Oximeter Market
    Option 4: As a part of the free 25% customization
    • ROW Market By Product Type
    • ROW Market By Modality
    • ROW Market By End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

MRI Pulse Oximeter Leading market players (Option 5: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Koninklijke Philips N.V
  • Nonin
  • IRadimed Corporation
  • EMCO Meditek Pvt. Ltd
  • MIPM
  • Medtronic
  • Omron
  • GE Healthcare
  • Masimo