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Global MRI Pulse Oximeters Market to reach USD 35.66 million by 2028

Global MRI Pulse Oximeters Market Size study, by Product (Wired MRI Pulse Oximeters, Wireless MRI Pulse Oximeters), by End-Use (Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers) and Regional Forecasts 2022-2028

Product Code: HLSMDE-55912191
Publish Date: 30-04-2022
Page: 200

Global MRI Pulse Oximeters Market is valued at approximately USD 30 million in 2021 and is anticipated to grow with a healthy growth rate of more than 2.5 % over the forecast period 2022-2028. MRI Compatible Pulse Oximeters are designed using non-magnetic components to facilitate the safe and accurate monitoring of patients’ vital signs during MRI scans. These have garnered considerable traction in the in-depth analysis of illnesses. The increasing prevalence of chronic diseases and continuous R&D activities for product innovation has led to the adoption of MRI Pulse Oximeters across the forecast period. For Instance: In 2020, Masimo and Royal Philips renewed their collaboration, with Philips integrating new Masimo assessment capabilities into select IntelliVue MX-series multiparameter monitors to assist physicians in assessing cerebral oximetry and ventilation status. In 2021, Masimo purchased LiDCO, a manufacturer of noninvasive and minimally invasive hemodynamic equipment, bolstering its advanced measuring and patient monitoring capabilities. Also, with the emergence of fiber optic pulse oximeters and technological advancements, the adoption & demand for MRI Pulse Oximeters is likely to increase the market growth during the forecast period. However, strict regulations and accuracy concerns and reluctance of MRI pulse oximetry testing during MRI scans impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global MRI Pulse Oximeters Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the leading manufacturers of MRI compatible pulse oximeters are presently prioritizing R&D and new product launches. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as enterprises are concentrating on expanding their product portfolios, diversifying their business operations, lowering costs would create lucrative growth prospects for the MRI Pulse Oximeters Market across Asia-Pacific region.

Major market players included in this report are:
Koninklijke philips n.v.
Iradimed corporation
Emco meditek pvt. Ltd.
Hamilton medical
General Electric company
Turner medical

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Wired MRI Pulse Oximeters
Wireless MRI Pulse Oximeters
By End-Use:
Diagnostic Laboratories
Ambulatory Surgical Centers
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global MRI Pulse Oximeters Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. MRI Pulse Oximeters Market, by Region, 2020-2028 (USD Billion)
1.2.2. MRI Pulse Oximeters Market, by Product, 2020-2028 (USD Billion)
1.2.3. MRI Pulse Oximeters Market, by End-Use, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global MRI Pulse Oximeters Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global MRI Pulse Oximeters Market Dynamics
3.1. MRI Pulse Oximeters Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing Prevalence of Chronic Diseases Continuous R&D Activities for product innovation
3.1.2. Market Challenges Strict regulations and accuracy concerns Reluctance of MRI pulse oximetry testing during MRI scans
3.1.3. Market Opportunities Emergence of Fiber Optic Pulse Oximeters Technological Advancements
Chapter 4. Global MRI Pulse Oximeters Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global MRI Pulse Oximeters Market, by Product
6.1. Market Snapshot
6.2. Global MRI Pulse Oximeters Market by Product, Performance – Potential Analysis
6.3. Global MRI Pulse Oximeters Market Estimates & Forecasts by Product, 2019-2028 (USD Billion)
6.4. MRI Pulse Oximeters Market, Sub Segment Analysis
6.4.1. Wired MRI Pulse Oximeters
6.4.2. Wireless MRI Pulse Oximeters
Chapter 7. Global MRI Pulse Oximeters Market, by End-Use
7.1. Market Snapshot
7.2. Global MRI Pulse Oximeters Market by End-Use, Performance – Potential Analysis
7.3. Global MRI Pulse Oximeters Market Estimates & Forecasts by End-Use, 2019-2028 (USD Billion)
7.4. MRI Pulse Oximeters Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Diagnostic Laboratories
7.4.3. Ambulatory Surgical Centers
Chapter 8. Global MRI Pulse Oximeters Market, Regional Analysis
8.1. MRI Pulse Oximeters Market, Regional Market Snapshot
8.2. North America MRI Pulse Oximeters Market
8.2.1. U.S. MRI Pulse Oximeters Market Product breakdown estimates & forecasts, 2019-2028 End-Use breakdown estimates & forecasts, 2019-2028
8.2.2. Canada MRI Pulse Oximeters Market
8.3. Europe MRI Pulse Oximeters Market Snapshot
8.3.1. U.K. MRI Pulse Oximeters Market
8.3.2. Germany MRI Pulse Oximeters Market
8.3.3. France MRI Pulse Oximeters Market
8.3.4. Spain MRI Pulse Oximeters Market
8.3.5. Italy MRI Pulse Oximeters Market
8.3.6. Rest of Europe MRI Pulse Oximeters Market
8.4. Asia-Pacific MRI Pulse Oximeters Market Snapshot
8.4.1. China MRI Pulse Oximeters Market
8.4.2. India MRI Pulse Oximeters Market
8.4.3. Japan MRI Pulse Oximeters Market
8.4.4. Australia MRI Pulse Oximeters Market
8.4.5. South Korea MRI Pulse Oximeters Market
8.4.6. Rest of Asia Pacific MRI Pulse Oximeters Market
8.5. Latin America MRI Pulse Oximeters Market Snapshot
8.5.1. Brazil MRI Pulse Oximeters Market
8.5.2. Mexico MRI Pulse Oximeters Market
8.6. Rest of The World MRI Pulse Oximeters Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Zensorium Key information Overview Financial (subject to data availability) Product summary Recent developments
9.2.2. Koninklijke philips n.v.
9.2.3. Nonin
9.2.4. Iradimed corporation
9.2.5. Emco meditek pvt. Ltd.
9.2.6. Mipm
9.2.7. Hamilton medical
9.2.8. General electric company
9.2.9. Turner medical
9.2.10. Medtronic
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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