Magnetic Resonance Imaging (MRI) Pulse Oximeters Market is Expected to Reach the Valuation of USD 706.60 Million by 2029

To unlock profound market insights and identify optimal opportunities within specific markets, this Magnetic Resonance Imaging (MRI) Pulse Oximeters market research report stands as an invaluable tool. It encapsulates comprehensive reviews of key market players, significant collaborations, mergers and acquisitions, while spotlighting trending innovations and business policies. Diving into market data, it delivers a detailed analysis of the Magnetic Resonance Imaging (MRI) Pulse Oximeters industry, assessing its impact across applications and diverse geographical regions. A systemic analysis of growth trends and future prospects further enriches this report, segmented into four crucial areas: market definition, segmentation, competitive analysis, and research methodology.

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Data Bridge Market Research forecasts the magnetic resonance imaging (MRI) pulse oximeters market, which stood at USD 557.8 million in 2021, to surge to USD 706.60 million by 2029, with an anticipated CAGR of 3.0% during the forecast period from 2022 to 2029. Beyond fundamental market insights, the report includes expert analyses, patient epidemiology, pipeline assessment, pricing analysis, and regulatory frameworks meticulously curated by the Data Bridge Market Research team.

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In the Neonatal Intensive Care Unit (NICU) units, MRI pulse oximeters are also utilised to monitor the infants and give them a safe and secure environment. New sensor developments like fibre optic Spo2 sensors give the MRI pulse oximeter market built-in safety features. Due to their non-invasive nature and suitability for newborn infants, these gadgets are becoming more popular.

Key Growth Drivers:

Increase in chronic disease cases

The development of MRI equipment is anticipated to accelerate market expansion. Other factors that are expected to contribute to the market growth during the forecast period of 2022 to 2029 include increasing healthcare investment, an increase in chronic disease cases, a rise in the demand for sophisticated SpO2 measuring techniques, an increase in R&D spending by various manufacturers, and an increase in mergers and acquisitions.

Technological developments

Technological developments are matching the growing demand for MRI pulse oximeters in medical equipment. To apply MRI pulse oximeters in diverse settings, the researchers have carried out extensive study. Additionally, in 2017 Rad-97 Pulse-CO Oximeter and SedLine Brain Function Monitoring were introduced in India. The market for MRI pulse oximeters is expected to benefit from these devices' expected growth.

The report outlines the involvement of key players, including:

Koninklijke Philips N.V. (Netherlands), EMCO Meditek Pvt. Ltd. (India), IRadimed Corporation (U.S.), MIPM - Mammendorfer Institut für Physik und Medizin GmbH (Germany), Hamilton Medical (Switzerland), General Electric (U.S.), Turner Medical. (U.S.), Welch Allyn (U.S.), Bio - X (Israel), Nihon Kohden Corporation (Japan), Spacelabs Healthcare (U.S.), CareFusion Corp (U.S.), Medtronic (Ireland), Masimo (U.S.), Nonin Medical (U.S.)

Key Market Segmentation

Type (Wired MRI Pulse oximeters, Wireless MRI Pulse oximeters), Modality (Sensor with monitor, Sensor without monitor), End- User (Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers), Product (Fingertip Pulse Oximeters, Hand- Held Pulse Oximeters, Others)

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Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

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