Transcutaneous Oxygen Monitor Market

Market Overview

The Global Transcutaneous Oxygen Monitor Market Size is projected to grow at a CAGR of approximately 5.8% during the forecast period.

A transcutaneous oxygen monitor (TcO2 monitor) is a device used to measures the amount of oxygen in the blood through the skin. It works by applying a small sensor to the skin and heating it to a temperature of about 42 degrees Celsius. This allows the dilation of the blood this provides more blood to the sensor. The sensor measures the amount of oxygen in the blood and sends the reading to a display device.

It is a non-invasive, clinically-approved method to obtain skin oxygen levels. The method is quantitative and measures oxygen delivery to the skin from underlying tissue. It has been used to monitor transcutaneous oxygen tension (TcpO2) in the skin, especially for premature infants, but also for adults in the intensive care setting. Physicians also use TcO2 monitor to determine the adequate blood flow exists to heal lower extremity wounds, such as venous stasis or diabetic foot ulcers. Vascular surgeons use TcO2 measurements to assess the need for amputation and determine the level where the amputation should take place.

The TcO2 method has some limitations This method is prone to calibration errors and the electrode consumes oxygen during measurement and is thus not capable of measuring low levels of oxygen that may be present in the skin under room temperature. To compensate for this, TcO2 uses a heated metal electrode placed directly on the skin. During measurement, the skin beneath the electrode is heated up to 44°C, which dilates the vessels in the underlying tissue and increases oxygen permeability.

The increase in Chronic diseases in various regions globally such as diabetes, heart disease, and chronic obstructive pulmonary disease (COPD) are major risk factors for low oxygen levels in the blood are driving the demand for transcutaneous oxygen monitors, which are used to monitor oxygen levels in the skin.

Governments of many countries are promoting the use of transcutaneous oxygen monitors to improve public health. The Indian government has launched a national program to provide transcutaneous oxygen monitors to all newborn children.

Market Dynamics

Global Transcutaneous Oxygen Monitor Market Drivers

• Increasing Chronic Diseases

The increase in the chronic disease medication leads to the demand of the increased demand for TcO2 monitors because TcO2 monitors are an important tool for healthcare providers in treating patients with chronic diseases. Companies producing the TcO2 monitors are making innovations in the product to give more accurate and reliable results. There is a Market expansion of the product i.e., they are also used for homecare settings because of the increasing availability of portable TcO2 monitors. TcO2 monitors can be used to continuously monitor oxygen levels in patients with chronic diseases which can help the doctors to take preventive actions. TcO2 monitors can be used to identify risk factors for low oxygen levels, such as poor circulation and thick skin conditions. All these factors drive the demand of the Transcutaneous Oxygen Monitor market growth.

• Technological Advancements

The innovations in the sensors of the Transcutaneous Oxygen Monitor are helping in less effect of the skin temperature and thickness of the skin on the results to treat the patients more accurately. Due to innovations in portability of the devices they can be carried out and can be used in the household as it has lighter weight and smaller size. Technological advancements are making it possible to monitor patients remotely using transcutaneous oxygen monitors. This is done by connecting the monitor to a computer or smartphone, which allows healthcare providers to track the patient's oxygen levels from a remote location. The cost is not being affected by the innovations which makes it affordable to the people with relatively lower income level.

Global Transcutaneous Oxygen Monitor Market Restraints

• High Cost

The high cost of the transcutaneous oxygen monitors (TcO2) can affect the market in many ways. It includes the reduction in the demand of the devices specially in the underdeveloped countries where the economy is not that strong. The high cost of TcO2 monitors may lead to increased use of alternative monitoring methods, such as pulse oximetry, which are less expensive but not as accurate as the TcO2 monitors. To make the products more affordable the manufacturers may stop innovating products which requires high quality components and increases the cost of production so that they can sell the product in lower prices. Governments in some countries may provide subsidies to help patients afford TcO2 monitors, which could help to increase Transcutaneous Oxygen Monitor Market demand but this can be done by the governments of the developed countries only.

• Risk of Skin burn

The Transcutaneous Oxygen monitors usage has the risk involved of skin burning as it is attached to the skin. TcO2 monitors can cause superficial skin burns, while in more serious cases, they can cause deep burns that may require medication. The risk of skin burn is more in people with thin skin such as small children and elderly people who take steroids. To avoid the risk of skin, burn the monitor should be used only as directed by the doctors and it should be checked frequently and take actions immediately if there is skin irritation. Governments and regulatory bodies may impose stricter regulations on the use of TcO2 monitors in order to protect patients from skin burns. This can make it more difficult for manufacturers to market and sell these devices. All these factors can resist the users or healthcare professionals to avoid using the TcO2 monitors which are not so accurate and may act as a risk factor for the patients and act as a restraint of the Transcutaneous Oxygen Monitor Market.

Market Scope

Segmental Analysis

Segmentation By Type

• Wound-healing Monitor

A wound healing monitor is mainly used to monitor the oxygen levels in wounds which may help in monitoring the progress of the wound healing. Wound healing monitors typically use a Clark-type sensor that is placed directly on the wound. The sensor heats the skin to a temperature of about 42 degrees, which dilates the blood vessels under the skin, and allows more oxygen to reach the sensor. The sensor then measures the amount of oxygen in the blood and the reading is displayed on the digital screen of the device. Diabetic foot ulcers, Pressure ulcers, Burns can be monitored by the Transcutaneous Oxygen Monitor (TcO2) monitor. Diabetic foot ulcers are developed on the feet of the diabetic patients due to increased blood sugar level. Pressure ulcers are caused due to limited mobility of the person which may result into skin cancer.

• Baby Monitor

A baby monitor is a device that can be used to monitor a baby's vital signs, such as heart rate, breathing rate, and oxygen levels. The Transcutaneous Oxygen Monitor (TcO2) monitors used for the measurements of oxygen levels of the babies which have sensors can monitor the oxygen level of the new burns to treat them. This can help in identifying the disease that the baby has since the birth. Based on which the babies can be treated. Baby Monitors which are conventional i.e., the device like pulse oximeter cannot give accurate oxygen level of the baby so, the Transcutaneous Oxygen Monitor is used in higher level of treatment of the babies to get more accurate results. The Baby monitors are generally used in the specialized glass rooms where the where the weak babies are kept in order to make them healthy and adaptive to the normal room conditions and temperature.

Segmentation By Application

• Wound Healing

The Transcutaneous Oxygen Monitor (TcO2) provides a non-invasive method of measuring the oxygen tension in the tissue beneath a wound dressing. The TcO2 sensor is attached to the skin near the wound site. The most common location is over the wound bed, adjacent to the wound margins or on the healthy skin around the wound. The Transcutaneous Oxygen Monitor sensor consists of an oxygen-permeable membrane that is placed against the skin. Before taking the readings, the machine is calibrated which gives accurate readings. The sensor present in it measures the oxygen tension in the tissue by monitoring the diffusion through skin. The sensor detects the partial pressure of oxygen (PO2) in the tissue and displays the values on the monitor. If the tissue oxygen level is low it indicates poor healing process and if the oxygen level is adequate the tissue the wound id said to be healing.

• Blood Gas Monitoring

The blood gas monitors avoid the need of taking blood out using a syringe and reducing the pain caused due to it. They provide real-time measurements, which allow the doctors to observe any fluctuations or changes in the patient's oxygen status. The sensor is placed on the patient's skin, usually on the earlobe, forehead, or sternum. The sensor contains a heating element and an electrode that measures the pO2. If the sensor is properly placed, it can start the measurement process. The heating element warms up the skin, which increases blood flow to the area and enhances oxygen diffusion through the skin. A calibration gas mixture is used to calibrate the machine to give measurements more accurately.

• Diabetes

In the case of diabetes-related complications like peripheral arterial disease or foot ulcers, TcO2 can help to evaluate the adequacy of blood flow to the affected limb or wound site. Low oxygen levels in the tissue indicates poor perfusion causing a need for evaluation and intervention. Transcutaneous oxygen monitoring can help the doctors to make the treatment decisions. If a diabetic foot ulcer is present and the TcO2 indicates low tissue oxygenation, interventions such as revascularization procedures (e.g., angioplasty or bypass surgery) or wound care treatment may be considered to improve blood flow and enhance tissue healing. So even if the TcO2 is not used for direct treatment of Diabetes it is used to cure or detect the diseases caused due to Diabetes.

• Plastic Surgery

Transcutaneous oxygen monitors which are also known as transcutaneous oximeters, are medical devices used to measure the oxygen levels in the skin. They are commonly used in various medical specialties like dermatology and wound care, they are also be used in plastic surgery treatment. They are mainly used for assessing the tissue perfusion and oxygen levels. The device consists of a probe that is placed on the patient's skin usually in the area which has to be treated. The oxygen level is measured in the particular area. Adequate Oxygen is necessary to carry out a Plastic surgery successfully. The processes such as flap reconstructions or skin grafts requires adequate oxygen levels. Inadequate oxygenation can lead to complications, such as tissue necrosis (cell death) or poor wound healing.

Regional Analysis

The Global Transcutaneous Oxygen Monitor Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

North America is expected to hold a major Transcutaneous Oxygen Monitor market share. This can be attributed to the rising number of respiratory disorders leading to increasing demand for non-invasive monitoring, a growing number of hospitals, increasing healthcare expenditure, and well-established healthcare infrastructure. According to National Centre for Chronic Disease Prevention and Health Promotion in US the preterm birth affected 1 of every ten infants born in the United States in 2021.The rise in preterm birth may increase the condition of pneumonia, sepsis in the new born babies which increases the demand of the device in the region. Canada's Wound Care Management Market is expected to grow at a CAGR of 5.8%. Canada wound care management devices market are expected to show rapid growth due to the increase in diabetes and the obese population and the rise in chronic wounds and ulcers. All these factors are the drivers of the TcO2 markets in the region.

Europe

The rising prevalence of chronic diseases across the region is increasing the demand of the TcO2 monitors. The main driving factors for Transcutaneous Oxygen Monitor market are increasing incidences of chronic wounds, ulcers, and diabetic ulcers, a rise in the geriatric population rises the Transcutaneous Oxygen Monitor market demand. International Diabetes Federation (IDF), Diabetes Atlas reported 61 million cases of Diabetes in Europe, and this number is expected to increase up to 13% by 2045 which can be the driver of the market for the device in the region. Diabetes mellitus, such as advanced age, a proinflammatory and hypercoagulable condition, hyperglycaemia, and underlying comorbidities (hypertension, cardiovascular disease, chronic kidney disease, and obesity) are the dominant diseases in the region of France. As TcO2 monitor has applications in the chronic disease treatment the market has an opportunity to grow in the region in the upcoming years.

Asia Pacific

Type 1 diabetes patients accounted for 9.84% of the total diabetes population in China. The growth in demand is observed for the Diabetes Devices in China. The increasing burden of cardiac failures in India drives the demand of the device. The Remote cardiac monitoring or remote heart monitoring is a method by which information from a patient’s implantable rhythm management device can be communicated directly to a physician. The TcO2 devices which are advanced to be used at home are the drivers of the device in the region. In Spain the major factor driving the Transcutaneous Oxygen Monitor market is the rising burden of various coronary heart diseases, such as stroke and cardiomyopathy, which cause a healthcare burden of cardiac-related deaths which requires constant oxygen monitoring of the patients. This demand can drive the market of the transcutaneous Oxygen Monitor in the Asia Pacific region.

South America

The major factors driving the Transcutaneous Oxygen Monitor market growth in Brazil are due to the increasing burden of cardiovascular diseases and increased adoption of minimally invasive procedures. The increasing awareness about various heart diseases in Brazil along with the increasing number of the elderly population in the country which is expected to grow significantly Mexico the increasing prevalence of respiratory disorders, like COPD, TB, asthma, and sleep apanea the technological advancements in the devices, and increasing applications in the homecare settings. These factors lead to the demand of the device as it has applications in respiratory and cardiovascular diseases to monitor the oxygen level of the blood.

Middle East and Africa

The South African cardiovascular device market is poised to grow at a CAGR of 6%. The market is driven by the rising burden of cardiovascular diseases, technological advancement in cardiovascular devices, and increased awareness about cardiac diseases and treatment. The increasing burden of various coronary heart disorders, including cardiomyopathy and stroke, which account for most deaths from cardiac causes, is also driving the Transcutaneous Oxygen Monitor market. This drives the demand of the Oxygen monitoring devices like TcO2 monitoring devices.

Key Players

1. Radiometer
2. Perimed AB
3. Philips
4. Sentec
5. Medicap
6. HumaresCompany seven

Recent Developments

November 2022 : BioIntelliSense, Inc., a continuous health monitoring and clinical intelligence company announced the launch of its patented, FDA-cleared pulse oximetry (SpO2) sensor chipset and integrated processing technology that accurately measures blood oxygen levels across the full range of light to very dark skin pigmentations, as well as during movement and activity.