Transcutaneous Oximetry Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Transcutaneous Oximetry Systems Market is segmented by Application (Peripheral Vascular Disorders, Diabetic foot Ulcers, Preterm births, Other applications), End User, and Geography.

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.7 %

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Market Overview

The transcutaneous oximetry systems market is expected to account for a significant growth rate, owing to the increasing prevalence of peripheral vascular disorders and wound healing disorder.

  • According to the Center of Disease Control and Prevention, around 8.5 million people in the United States have peripheral vascular disorders. Moreover, the increasing prevalence of diabetic foot ulcer is propelling the demand for transcutaneous oximetry systems.
  • The transcutaneous oximetry systems are also gaining popularity to check the need for amputation. Diabetic foot ulcer is the major reason for foot amputation.
  • The growing adoption of advanced monitoring systems for blood flow monitoring is expected to favor the demand for transcutaneous oximetry systems.
  • Increasing aging population and healthcare expenditure is expected to flourish the growth of the transcutaneous oximetry systems market.

Scope of the Report

As per the scope of the report, transcutaneous oximetry systems are used to perform transcutaneous oximetry (TCPO2) test. Transcutaneous oximetry systems measure oxygen at the skin surface, which is a valuable pointer to know how much oxygen gets to the underlying tissue. The Transcutaneous Oximetry Systems Market is segmented by application, End User, and Geography.

By Application
Peripheral Vascular Disorders
Diabetic foot Ulcers
Preterm births
Other applications
By End User
Other End Users
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Preterm Births are Expected to Register High Growth in the Forecast Period

Premature babies in the NICU are fragile and at the risk of sudden changes in oxygenation and carbon dioxide levels, which can cause severe complications. With transcutaneous monitoring, a sensor is gently applied to the body, and it continuously measures blood gases diffusing through the skin. Transcutaneous monitoring in neonates provides a real-time overview of the patient’s often fluctuating oxygenation (tcpO2) and ventilation (tcpCO2) status. This not only minimizes blood sampling from the fragile neonate, but the continuous information allows you to intervene immediately if any changes in the ventilation or oxygenation status occur.

These benefits have resulted in an increase in the demand for transcutaneous oximetry systems. Moreover, the demand for these systems is expected to rise due to the increasing preterm births. According to World Health Organization, 2018 statistics, an estimated 15 million babies are born too early every year. Approximately 1 million children die each year due to complications of preterm birth. Thus, rise in preterm births will require neonatal care, for which transcutaneous oximetry systems is expected to increase use for monitoring fluctuating oxygenation and ventilation status.


North America Dominates the Market

However, the United States (US) and Canada have a developed and well-structured healthcare system. These systems also encourage research and development. These policies encourage global players to enter the United States and Canada. As a result, these countries enjoy the presence of many global market players.

As per a 2019 article in Canadian Institutes of Health Research, preterm births in Canada increased by 20% during the past two decades. In Mexico as well, nearly 200,000 babies are born prematurely, as per 2017 data by Ministry of Health in Mexico. The diabetic population is also high in these countries, which leads to diabetic foot ulcers. These factors have been driving the market growth in the region.


Competitive Landscape

The major manufacturers operating in the transcutaneous oximetry systems market are Radiometer, Koninklijke Philips N.V., SenTec AG, ELCAT, and Perimed AB, among others. Market leaders with more funds for research and better distribution systems have established their position in the market. Moreover, Asia-Pacific is witnessing an emergence of some small players due to the rise in awareness. This has also helped the market growth.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Peripheral Vascular Disorders and Wound Healing Disorder

      2. 4.2.2 Growing Adoption Advanced Monitoring Systems for Blood Flow Monitoring

      3. 4.2.3 Increasing Prevalence of Diabetic Foot Ulcer

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Transcutaneous Oximetry Systems

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Application

      1. 5.1.1 Peripheral Vascular Disorders

      2. 5.1.2 Diabetic foot Ulcers

      3. 5.1.3 Preterm births

      4. 5.1.4 Other applications

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Clinics

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Rest of the World


    1. 6.1 Company Profiles

      1. 6.1.1 Radiometer

      2. 6.1.2 Perimed AB

      3. 6.1.3 Koninklijke Philips N.V.

      4. 6.1.4 SenTec AG

      5. 6.1.5 Medicap Homecare GmbH

      6. 6.1.6 ELCAT

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Transcutaneous Oximetry Systems Market market is studied from 2018 - 2026.

The Transcutaneous Oximetry Systems Market is growing at a CAGR of 5.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Philips, Radiometer America, Medicap Gmbh, Perimed, SenTec are the major companies operating in Transcutaneous Oximetry Systems Market.

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