MRI Pulse Oximeters Market to reach a valuation of US$ 36.5 Million by 2028 | FMI Study

Global sales of MRI pulse oximeters were valued at ~US$ 31.6 million in 2022, is predicted to increase at a CAGR of 2.5% to reach a valuation of US$ 36.5 Mn by 2028. As per the research findings of a new study by Future Market Insights (FMI), constant technological advancements in medical devices that target improved efficiency and convenience, have been sustaining the use of MRI pulse oximeters.

A notable increase in the prevalence of chronic diseases has led to surge in the sales of high-end diagnostic machines, including those for MRI, and CT scanners, which in turn foster the demand for MRI pulse oximeters. Developed with non-magnetic components, MRI-compatible pulse oximeters have been gaining ground in early detection of critical congenital heart defects (CCHD) by accurately measuring the blood oxygen value of a newborn.

Get Sample Report + Related Graphs & Charts @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10020

FMI study estimates that the MRI pulse oximeters market will register a CAGR of 2.5% during the given timeframe. High costs associated with MRI procedures have been creating a wave of reluctance among healthcare professionals and patients to adopt MRI pulse oximetry testing.

Wireless MRI Pulse Oximeters Capture Significant Shares

Aligning with the rapid development of state-of-the-art medical devices and technologies, market players continue to increase the production of wireless MRI pulse oximeters that need not be connected to MRI machines. Operated through infrared (IR) or Bluetooth technology, wireless MRI pulse oximeters have also witnessed higher innovations and investments as compared to wired variants. As 6 in 10 units of MRI pulse oximeters sold in 2021 are wireless, manufacturers are specifically focused in this category. Additionally, MRI pulse oximeters without monitor continue to account for greater revenue share over their counterparts, as they can be coupled with a wide range of monitors.

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-10020

According to the study, while business growth strategies remained influenced by the increasing adoption of MRI pulse oximeters in hospitals, manufacturers are working towards capitalizing on diagnostic laboratories and ambulatory surgical centers for expanded customer base. Increasing patient visits in well-equipped laboratories for complete diagnosis of diseases has also led to realignment of these strategies.

Growth prospects of the MRI pulse oximeters market, as identified by the FMI study, are high in North America. Heavy investments in R&D activities on medical devices and technologies along with favorable reimbursement scenario in the region are likely to offer lucrative opportunities for the market players. In addition, manufacturers are viewing Asia Pacific from target market perspective, considering increasing healthcare expenditure and growing awareness of new medical devices in the region.

Key Key Segments of MRI Pulse Oximeters Industry Research

MRI Pulse Oximeters Market by Product Type:

  • Wired MRI Pulse Oximeters
  • Wireless MRI Pulse Oximeters

Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/10020

MRI Pulse Oximeters Market by Modality:

  • Sensors with Monitors
  • Sensors without Monitors

MRI Pulse Oximeters Market by End User:

  • Hospitals
  • Diagnostic Laboratories
  • Ambulatory Surgical Centers

MRI Pulse Oximeters Market by Region:

  • North America MRI Pulse Oximeters Market
  • Latin America MRI Pulse Oximeters Market
  • Europe MRI Pulse Oximeters Market
  • East Asia MRI Pulse Oximeters Market
  • South Asia & Pacific MRI Pulse Oximeters Market
  • Middle East & Africa (MEA) MRI Pulse Oximeters Market

Have a Look at Related Research Reports in the Healthcare Domain:

Anti-Osteoporosis Therapy and Fracture Healing Market Outlook: The global anti-osteoporosis therapy and fracture healing market is expected to attain a valuation of US$ 14,051.6 million in 2023. The market is projected to reach US$ 22,427.6 million by 2033, anticipated to expand at a CAGR of 4.8% during the forecast period.

Hyaluronic Acid Products Market Sales: The global hyaluronic acid products market is expected to attain a valuation of US$ 3,343.5 million in 2023 and is projected to reach US$ 6,838.2 million by 2033, rising at a CAGR of 7.4% during the forecast period.

Protein Diagnostics Market Volume: According to Future Market Insights (FMI) analysis in a recent market survey, the global protein diagnostics market was valued at US$ 4.7 Billion in 2022 and is expected to reach US$ 8.3 Billion by 2033.

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these