Magnetic Resonance Imaging Pulse Oximeters Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030.
The Magnetic Resonance Imaging (MRI) Pulse Oximeters market has experienced significant shifts from 2018 to 2022, driven by advancements in both MRI and pulse oximetry technologies. During this period, the demand for MRI systems with integrated pulse oximeters rose due to an increasing focus on patient safety, improved diagnostics, and the ability to monitor blood oxygen levels non-invasively during imaging procedures. The rise in chronic conditions, including cardiovascular diseases, respiratory disorders, and increasing geriatric populations, further fueled this growth. The market was particularly propelled by healthcare institutions looking to enhance diagnostic accuracy and ensure patient comfort. MRI pulse oximeters enable real-time monitoring of oxygen levels, which is crucial for patients undergoing MRI scans, especially in critical conditions. The integration of these two technologies has created new opportunities, making MRI procedures safer and more effective, contributing to the rising demand.
As we moved into 2023, the demand for MRI pulse oximeters is expected to continue growing. Projections for 2023 to 2033 indicate an expanded role for these devices in medical diagnostics, thanks to rapid advancements in both artificial intelligence (AI) and machine learning (ML) technologies. The increasing need for more precise imaging and monitoring, alongside a surge in outpatient procedures, will likely lead to the adoption of more integrated systems. The integration of AI will further enhance the functionality of MRI pulse oximeters, making them even more efficient in diagnosing complex conditions. Additionally, innovations such as wireless MRI pulse oximeters and advanced wearable sensors are expected to revolutionize patient care. Market analysts foresee a steady rise in investments in healthcare infrastructure, which will further drive the demand for MRI systems combined with pulse oximetry capabilities.
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Koninklijke Philips N.V
EMCO Meditek Pvt. Ltd
IRadimed Corporation
Hamilton Medical
General Electric
Turner Medical
Welch Allyn
Bio – X
Nihon Kohden Corporation
Spacelabs Healthcare
CareFusion Corp
Medtronic
Masimo
Nonin Medical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Magnetic Resonance Imaging Pulse Oximeters Market
Hospital
Nursing Center
Other
Based on Types the Market is categorized into Below types that held the largest Magnetic Resonance Imaging Pulse Oximeters market share In 2023.
Fingertip Pulse Oximeter
Hand Held Pulse Oximeter
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Magnetic Resonance Imaging Pulse Oximeters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Magnetic Resonance Imaging Pulse Oximeters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Magnetic Resonance Imaging Pulse Oximeters Market, By Type
6. Global Magnetic Resonance Imaging Pulse Oximeters Market, By Application
7. Global Magnetic Resonance Imaging Pulse Oximeters Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Magnetic Resonance Imaging Pulse Oximeters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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