Transcutaneous Monitors Market - Optimizing Ventilation and Oxygenation with Non-Invasive Methods

Manufacturers Focus on ‘Patient-Centric’ Innovations to Gain Competitive Edge

  • 2019-09-16
  • REP-GB-4980
  • 39 Tables
  • 95 Figures
  • 207 pages
  • Format: PDF/PPT/Excel

  • US$5,000
  • US$7,500
  • US$10,000

Monitoring Partial Pressure of CO2 and O2 to Ensure Adequate Ventilation

Transcutaneous monitors (TCM) are garnering significant traction among the geriatric and neonate patients suffering from sleep-related breathing disorders such as, sleep apnea, and obesity hypoventilation syndrome. Transcutaneous monitors perform a non-invasive method – transcutaneous monitoring – based on relative heating technique (RHP) to measure the skin-surface partial pressure of carbon dioxide (tcPCo2) and oxygen (tcPO2). This technique further helps deliver precise concentration of the partial pressure of arterial carbon dioxide (PaCO2) and oxygen (PaO2).

Easy diffusion of CO2 and O2 throughout the body tissues and the skin enables fast detection of PCO2 and PO2, when the sensor – a Severinghaus electrode – is placed on the skin surface after sensing a change in the pH of the electrolytic solution, electrochemically. Further, inclusion of temperature sensitive feature leads to stable O2 and CO2 status and reduced dependence on blood gases required in neonatal intensive care unit (NICU).

Transcutaneous Monitors Market – Key Research Findings

transcutaneous monitors market snapshot

In the transcutaneous monitors market, technologically advanced transcutaneous monitors sharing the maximum amount of revenues since the latest technology and novelty in the multichannel transcutaneous monitors drive the growth of the transcutaneous monitors market. ~ 90% of the market share is captured by the multichannel transcutaneous monitors due to high demand in the market. Multichannel transcutaneous monitors have the greater advantage as it provides multiparameters that are important for patient monitoring. Companies are trying to make new innovations in the transcutaneous monitoring such as wireless & IR technology-based. However, with the advanced technology and novelty, the cost is the important parameter since customer ask for transcutaneous monitors with wider adaptability and low cost. In comparison to multichannel transcutaneous monitors, single channel transcutaneous monitors is likely to show a slower growth rate over the forecast period, due to its low demand.

Recently, Philips has launched the IntelliVue TcG10 monitor that has advanced parameters like measurement of the CO2 and O2 through blood capillaries with the faster rate. Such kind of technological innovations is expected to drive the growth of the transcutaneous monitors market. Some of the multichannel transcutaneous monitors have the capacity to couple with multiple types of sensors that are primarily used in patient monitoring.

Trends Including Touch Screen and Auto-calibration Capacity in Transcutaneous Monitors

Transcutaneous monitors are electronic devices that require proper maintenance and calibration after proper interval of time. Auto calibration helps to give accurate and stable results. Manual auto calibration requires skilled technician who can perform the calibration of the transcutaneous monitors. However, this is time consuming and costly process. Newly launched auto-calibrated transcutaneous monitors have the auto-calibration capacity, which helps to save time and detect man-made errors during the calibration. On the other side, manufacturers like Masimo and Philips are making innovation of transcutaneous monitors in a faster rate. Recently launched Rad-97 series transcutaneous monitors have additional features like gorilla glass display for clear visualisation. Such kind of new innovations in the patient monitoring may result into more demand for the transcutaneous monitors.

Rising Prevalence of Chronic Disorders in the Growing Population

According to WHO’s data, 60% population of the world are suffering from chronic disorders. Increasing number of chronic disorder population is expected to fuel the growth of the transcutaneous monitors market. In most conditions, chronic disorders people may need to admit to the ICU. In this scenario, patient monitoring plays an important role. It involves the measurement of ECG, blood gas monitoring, and vital sign monitoring. Here, newly introduced multi parameter multichannel transcutaneous monitors unmet the demand from customers by providing all the vital signs indicators in a single monitor.

Restraining Factors that Impact the Transcutaneous Monitors Market

Stringent regulatory approval process acts as a main barrier for the entry of new manufactures in the transcutaneous monitors market. Transcutaneous monitors belongs to class 2 devices category. However, there is form 510(K) exemption for class 2 devices but the market authorization and clinical trial failure leads to a loss of small scale manufacturers in the transcutaneous monitors market.

Poor reimbursement scenarios in the developing countries also responsible for the negative impact on the payer and buyer relationship. In the developed countries, the situation for reimbursement is becoming more complex and requires lot of efforts. These factors are responsible for the low investment by foreign investors in the transcutaneous monitors market.

Europe Poised for High Penetration with Advanced Technologies

In Europe, more number of hospitals are present with good infrastructure and facilities as compared to other developed countries. However, there is a penetration of more number of top market players in this region. Due to good business environment & supportive regulatory framework, foreign investors are attracted towards the Europe region. In Europe, local government is facilitating good R&D facilities for the new startup companies. In this way, the European transcutaneous monitors market has created new hope for the foreign and local manufactures.

transcutaneous monitors market

Leading Market Players are Harbingers for Growth

Masimo and Philips are among the leading players in the transcutaneous monitors market with advanced technology. They have continued to dominate the transcutaneous monitors market due to advanced R&D facilities and future optimistic view regarding the patient monitoring techniques.

Both GE Healthcare and Radiometer are emerging players who are pioneering robust solutions in the patient monitoring technology services with prime focus on customized vital sign monitoring solutions across the value chain. GE Healthcare and Radiometer prime focus is to provide state of the art solutions for their clients in order to enable them to outperform in competitions.

Analyst’s Viewpoint

After in-depth analysis of the transcutaneous monitors market, we can conclude that the market is growing with a fast rate. The Europe and North America region are sharing attractive opportunities for the transcutaneous monitors market and applications. The technological advancement in the patient monitoring methods can fulfill the demand of the transcutaneous monitors market. The leading players in the transcutaneous monitors market is expected to grow with exponential rate by adapting novel technology in the transcutaneous monitors market. However, the harsh regulatory scenario and unbalanced economic conditions of the developing countries may restrain the growth of transcutaneous monitors market.

Multiple Channel Monitors for Accurate Overview of Blood Gas Levels

Transcutaneous monitors containing multiple channels are creating leeway in healthcare settings, on account of providing dynamic status of variable oxygenation (tcpO2) and ventilation (tcpCO2) status. Auto-calibrating of TCMs and sensors allow transmission of low-noise data in digitized form in the sensor head, which can be stored in digitally embedded chips updated for future purposes.

Multichannel transcutaneous monitors provide a multitude of measurements – SpO2, tcPCO2, pulse rate (PR) and RHP. Medical professionals are able to compare the current data with the set baseline by the numerical indication and graphical representation on the monitor. Inclusion of multiple sensors allow measurements at various sites.

However, developing economies are confronted with the challenges of under-skilled technician for accurate interpretation of data and undersupply of TCMs exhibiting the feature of sensor auto-calibration. Further, low and middle income countries (LMIC) are reluctant to afford advanced transcutaneous monitors due to high installation costs, thereby creating a hindrance in the growth of the transcutaneous monitors market.

Market Players Eyeing Developed and Developing Regions

Increasing demand for ICUs and NICUs, in the view of rising prevalence of chronic respiratory disorders in both developed and developing regions are grabbing attention of the market players. Rapidly growing number of geriatric population – in Europe and North America as well as China – who are at the high risks of contracting chronic diseases is likely to result in increased hospital visits, thereby potentially raising the demand for medical devices such as transcutaneous monitors. Insufficient ICUs for patients in regions, including Hong Kong, China, is prompting market players to fill the supply in certain Asian regions. Manufacturers are further tapping into opportunities in countries such as Australia for enhanced geographical footprint.

‘Portable’ and ‘Multi-Channel’ - Key Tenets to Define Stakeholders’ Tactics

Citing technological innovations in MRI field, leading market players such as, Philips & Massimo, are launching MRI compatible patient monitoring systems. Healthcare institutions often encounter electricity outage – a barrier for continuous monitoring, as such, market forces are upgrading to wireless transcutaneous monitors armed with Bluetooth or IR (Infrared) technology, and rechargeable batteries for longer battery life. In addition, wireless TCMs are lightweight and portable, making them ideal for patients residing in remote locations.

Inaccurate relative heating conditions lead to incorrect data of blood gas variations, influencing manufacturers, including Radiometer, and Koninklijke Philips N.V., to introduce transcutaneous monitors with stable RHP level. Conventional TCMs incorporate limited number of sensors, resulting in inadequate information of blood gas levels. Market participants for instance, GE Healthcare, are developing multi-sensor transcutaneous monitors that can capture blood gas levels of every organ, providing exact value of tcPCO2 level from the skin. Furthermore, organized and emerging players are turning to the production of multi-channel TCMs to offer multiple measurements – tcPCO2, tcPO2, and PR – in sync within a short time period.

Surging demand for multichannel

Single channel showing modest growth

High adoption in hospitals

Increasing demand from ambulatory surgical centers

How Growth will Unfold

The rising aging and neonate demographic, as well as incidents of chronic illnesses are likely to orchestrate the global transcutaneous monitors market to a robust growth trail over the forecast timeframe. As per the WHO’s report, about 60% of the global demographic are suffering from chronic illnesses, where the patients are admitted to ICU (Intensive Care Unit) for ECG measurement, and blood gas monitoring by Next generation blood gas monitor systems. About 65% of the global populace complain of having sleep related disorders, as such, transcutaneous monitors are equipped with in-built polysomnography technology.

As per the American Thoracic Society, almost 10% of the neonates are born preterm in the US, resulting in the increasing demand for NICUs at ~ 12%. Furthermore, the geriatric cohort is expected to remain the center of attraction, following fastest growth rate as compared to other age groups. In consequence of these factors, manufacturers in the transcutaneous monitors market are likely to witness a period of sustained demand in the years ahead.

Transcutaneous Monitors Market Players Footprint Analysis

* This data is only a representation. Actual data may vary and will be available in report.

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Transcutaneous Monitors Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A study report published by FMI on the Transcutaneous Monitors, covers global industry analysis 2014-2018 & opportunity assessment 2019-2029. Report delivers a detailed assessment of the market trends, dynamics. In depth analysis of transcutaneous monitors market done by considering the historic as well as current growth parameters. All kinds of market opportunities and growth prospects are evaluated with more precise way.

Transcutaneous Monitors Market Taxonomy

The global transcutaneous monitors market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Channel Type

  • Single Channel Transcutaneous Monitors Market
  • Multi-Channel Transcutaneous Monitors Market 

By End User

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

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

What's Included

Transcutaneous monitors report starts with the executive summary, which mainly focuses on the estimated market value for the year 2018, CAGR and top countries market value for the Transcutaneous Monitors.

In this part, readers can find the in-depth market taxonomy and definition of the Transcutaneous monitors market. Taxonomic details and definition will help to understand the scope of the market. Additionally, the inclusion and exclusion criteria will help to understand the pointers covered for the market estimation. Finally, this section focus on top-level manufactures strategies for sharing the maximum amount of revenue.

The transcutaneous monitors market report gives the idea about key market trends and expected outcome on the ongoing trends in Transcutaneous Monitors Market. Analyst tried to highlight the emerging trends in the transcutaneous monitors market.

This section includes the success strategies by market leaders and factor responsible for gaining the more market share in transcutaneous monitors market.

This section provides detailed information about the value analysis and forecast for the transcutaneous monitors market between the forecast periods 2019-2029. In this section, a historical analysis of the market. Also the future opportunity analysis has been studied. The demand analysis section focused on the absolute $ opportunity for the year 2019 and the incremental opportunity for the forecast period 2019-2029. Here, the analyst captured the region wise pricing information and global average pricing information.

This chapter explains the key macro-economic factors that are expected to influence the growth of the transcutaneous monitors market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast factors, product usage and adoption, Iceberg analysis for the transcutaneous monitors market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

Based on the channel type, transcutaneous monitor segmented into the single-channel and multi-channel monitors. This segment tried to focus on the adoption rate of single and multichannel monitors and future market opportunities for the leading sub-segment. Also in this chapter reader can find the market attractive analysis evaluated on the basis of channel type.

This chapter provides details on transcutaneous monitors market growth across various end-users such as hospitals, diagnostic laboratories, ambulatory surgical center and home care settings. In this chapter, the reader can find the high revenue sharing end-user sub-segment & future perspectives about the transcutaneous monitors market.

This chapter explains the growth of Transcutaneous Monitors Market across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).

This chapter gives highlights of the market growth of the North America region for the transcutaneous monitors market. The country-wise assessment highlights the value analysis of U.S. & Canada. This section interpreted data about pricing analysis and transcutaneous monitor’s market growth based on the channel type.

This chapter provides the growth scenario of the transcutaneous monitors market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the transcutaneous monitors market based on its end users in several countries such as Germany, France, the U.K., Spain, Italy, Russia and the Rest of Europe are included in this chapter.

This chapter giving the focus on the developing countries in East Asia like India, this approach help to make the proper assessment to gain more market revenue. Readers can find the appropriate information about the growth and market opportunity parameters in the South Asia transcutaneous monitors market during the forecast period of 2019-2029.

This section helps to keep the eye on the opportunity and value analysis of the transcutaneous monitors market in East Asia. Countries like China, Japan, and South Korea are taken into consideration to get a better idea about market growth and trends. This section gives brief information about the key success factors that are responsible for the growth of the transcutaneous monitors market in East Asia.

This chapter giving the focus on the developed countries in Oceania like Australia, this approach help to make the proper assessment to gain more market revenue. Readers can find the appropriate information about the growth and market opportunity parameters in the Oceania transcutaneous monitors market during the forecast period of 2019-2029.

This section helps to keep the eye on the opportunity and value analysis of the transcutaneous monitors market in MEA. Countries like GCC Countries, South Africa, Turkey, and Rest of MEA are taken into consideration to get a better idea about market growth and trends. This section gives brief information about the key success factors that are responsible for the growth of the transcutaneous monitors market in MEA during the forecast period of 2019-2029.

This section highlights the growth prospects of the transcutaneous monitors market for emerging markets such as China, India, and Brazil.

In this chapter, readers can find comprehensive information about the market tier analysis and market concentration of key players in the transcutaneous monitors market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the transcutaneous monitors market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Masimo, Koninklijke Philips N.V., Danaher (Radiometer), GE Healthcare, Medtronic, Drägerwerk AG & Co. KGaA, Moor Instruments Limited

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the transcutaneous monitor’s market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the transcutaneous monitors market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Hospitals
  • Diagnostic Centers
  • Traders 
  • Industry Experts
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions


Secondary Research

  • Industry Publications
  • Industry Associations
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits transcutaneous monitors market designations

Primary Interview Splits transcutaneous monitors market stakeholders

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