Transcutaneous Monitors Market is expected to reach a valuation of US$ 540.1 Million by 2029 | FMI

The Global Transcutaneous Monitors Market is expected to develop at a 4.3% CAGR from 2022 to 2029, with a market value of roughly US$ 401.8 Million in 2022. According to Future Market Insights, multichannel transcutaneous monitors will account for more than 92.9% of the global market in 2021.

Due to the technological advancement in multichannel monitors, demand for multipara, multichannel transcutaneous monitors is increasing day by day. Despite channel limitations and lack of technological advancements, single-channel transcutaneous monitors are likely to garner significant traction in developing countries, in the view of the relatively large difference in price as compared to multi-channel transcutaneous monitors.

Multichannel Transcutaneous Monitors to Show Higher Opportunities for New Players

In recent years, the transcutaneous monitors market has been witnessing significant growth, on the back of wide availability of advanced and multi-channel transcutaneous monitors for patient monitoring. The multi-channel transcutaneous monitors involves simultaneous measurement of the ECG, brain functioning, blood gas measurement, and hemoglobin level.

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Due to rising demand for technologically advanced medical devices, healthcare professionals are giving more priority to buy multichannel transcutaneous monitors. As compared to single-channel transcutaneous monitors, multichannel transcutaneous monitors are fast and provide accurate results. Companies, in the transcutaneous monitors market, are launching products with longer battery life and benchtop portability. Such factors are thus expected to enhance the growth of the transcutaneous monitors market in coming years.

Market Players to Make Two-Fold Investments in APAC

The APAC region has more demand for the transcutaneous monitors, due to growing number of hospitals and rising regional government initiatives towards public healthcare program. In the APAC region, South Asian countries including India have more number of hospitals. The mounting number of hospitals is expected to create additional demand for transcutaneous monitors in the future. In addition, growing number of local market players operating in countries such as China is expected to intensify the competition in the transcutaneous monitors market in the coming years.

The transcutaneous monitors market is expected to continue sustaining high demand for multichannel transcutaneous monitors, finds the report. As per FMI’s study, significant sales opportunities for the transcutaneous monitors market players are expected in the APAC & Latin America, owing to robust development in healthcare sectors along with favorable government policies for reduced cost of treatment. Also, there are opportunities in the APAC transcutaneous monitors market for new players, including tax exemption for the first three years.

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FMI completed a deep study on transcutaneous monitors by keeping the breadline view in mind about the market CAGR and value share analysis. During the transcutaneous monitors market study, we also studied the top manufacturers’ differential strategies & supply chain parameters. The giant players such as Masimo & Danaher Corporation are focusing on enhancing their product portfolios through the launch of new technology in the transcutaneous monitors market and patented technology in the patient monitoring field. These developmental activities implemented by the top players will remain key to gaining distinct competitive edge in the market.

According to the report, the manufacturer are targeted towards innovations in the continuous patient monitoring field. Some innovations include the overnight patient transcutaneous gas monitors and auto-sleep mode patient monitors. They are the latest monitors with longer battery life and wireless capacity. Some monitors can further work on the smartphone-based application which can help monitor remote-based patients. For the neonate’s care, companies are launching the transcutaneous monitors with gold plated sensors compatibility and better accuracy.

Key Companies Profiled:

• Radiometer Medical Aps
• SenTec AG
• Perimed AB
• Philips Healthcare
• GE Healthcare
• Criticare Technologies, Inc.
• Hill-Rom Services Inc.
• Medtronic
• Masimo

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Key Market Segments Covered in Transcutaneous monitors Industry Research

By Channel Type:

• Single Channel
• Multichannel

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Laboratories
• Home Care Settings

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified 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.

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