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. 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.
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.
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.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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