Intracardiac Oximeter Market: By Type, By Application, By End User, and Geography

Intracardiac Oximeter Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Fiber Optic Oximeters and Wireless Oximeters), By Application (Cardiac Surgery, Intensive Care Monitoring, and Emergency Care), By End User (Hospitals, Cardiac Centers, and Ambulatory Surgical Centers), and Region

Intracardiac oximeter market size was US$ 427.5 million in 2023 and is expected to reach US$ 747.0 million in 2030, growing at a CAGR of 8.3% during the forecast period. Intracardiac oximeters are specialized medical devices used for continuous monitoring of oxygen saturation within the heart chambers during cardiac procedures and in critical care settings. These devices offer real-time, accurate measurements of oxygen levels, which is crucial for patient management during cardiac surgeries and in intensive care units.

The market is primarily driven by the increasing prevalence of cardiovascular diseases, technological advancements in oximetry, and the growing demand for minimally invasive cardiac procedures. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. The market also benefits from the rising geriatric population and increasing healthcare expenditure. However, the high cost of intracardiac oximeters and the need for skilled professionals to operate these devices may pose challenges to market growth.

Intracardiac Oximeter Market Key Developments:
  • In 2022, Medtronic Plc is expected to receive 510 (k) clearance from the US FDA for its Nellcor OxySoft neonatal-adult SpO2 Sensor. This sensor is a unique pulse oximeter sensor with silicone adhesive, designed to protect fragile newborn skin through longer adherence.
  • In 2022, Masimo Corporation announced its limited market release of the Masimo W1 health watch, a non-invasive blood parameter monitoring solution that offers accurate, continuous measurement and actionable health insights.
  • On April 12th, 2022Siemens Healthineers one of the market leader in the Intracardiac Echocardiography (ICE) has launched Next-Generation ACUSON AcuNav Volume 4D ICE Catheter in USA market.

Intracardiac Oximeter Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.3%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Intracardiac Oximeter Market Dynamics

The primary catalyst for the intracardiac oximeter market's growth is the increasing need for precise, continuous monitoring of oxygen levels during cardiac procedures and in critical care settings. The rise in complex cardiac surgeries and interventions has boosted the demand for these specialized monitoring devices. Technological advancements, such as the development of miniaturized sensors and wireless connectivity, have also contributed to market expansion. The market is further propelled by the growing adoption of minimally invasive cardiac procedures, which often require advanced monitoring techniques. Additionally, the increasing prevalence of cardiovascular diseases and the aging population serve as major drivers of the intracardiac oximeter market. The American Heart Association reports that about 48% of adults in the United States have some form of cardiovascular disease, highlighting the potential demand for advanced cardiac monitoring technologies.

Intracardiac Oximeter Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 427.5 million

Market Size in 2030

US$ 747.0 million

Market CAGR

8.3%

By Type

  • Fiber Optic Oximeters
  • Wireless Oximeters

By Application

  • Cardiac Surgery
  • Intensive Care Monitoring
  • Emergency Care

By End User

  • Hospitals
  • Cardiac Centers
  • Ambulatory Surgical Centers

Key Features of the Report

  • The intracardiac oximeter market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The global intracardiac oximeter market size was US$ 427.5 million in 2023 and is expected to reach US$ 747.0 million in 2030, growing at a CAGR of 8.3% during the forecast period.

North America accounts for the highest rate of growth in the intracardiac oximeter market.

The leading players in the intracardiac oximeter market include Medtronic, Edwards Lifesciences, Abbott Laboratories, ICU Medical, Nonin Medical, Masimo Corporation, Nihon Kohden Corporation, Koninklijke Philips N.V., Dragerwerk AG & Co. KGaA, and GE Healthcare.

The intracardiac oximeter market is primarily driven by the increasing prevalence of cardiovascular diseases, technological advancements in oximetry, growing demand for minimally invasive cardiac procedures, and the rising geriatric population.

The high cost of intracardiac oximeters, the need for skilled professionals to operate these devices, and potential reimbursement issues in some regions may pose challenges to market growth.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Intracardiac Oximeter Market Introduction 
2.1.Global Intracardiac Oximeter Market  - Taxonomy
2.2.Global Intracardiac Oximeter Market  - Definitions
2.2.1. Type
2.2.2.Application
2.2.3.End User
2.2.4.Region
3.Global Intracardiac Oximeter Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Intracardiac Oximeter Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Intracardiac Oximeter Market  By  Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Fiber Optic Oximeters
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Wireless Oximeters
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Intracardiac Oximeter Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Cardiac Surgery
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Intensive Care Monitoring
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Emergency Care
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Intracardiac Oximeter Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Cardiac Centers
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Ambulatory Surgical Centers
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Intracardiac Oximeter Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Intracardiac Oximeter Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Fiber Optic Oximeters
9.1.2.Wireless Oximeters
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Cardiac Surgery
9.2.2.Intensive Care Monitoring
9.2.3.Emergency Care
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Cardiac Centers
9.3.3.Ambulatory Surgical Centers
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Intracardiac Oximeter Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1.  Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Fiber Optic Oximeters
10.1.2.Wireless Oximeters
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Cardiac Surgery
10.2.2.Intensive Care Monitoring
10.2.3.Emergency Care
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Cardiac Centers
10.3.3.Ambulatory Surgical Centers
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Intracardiac Oximeter Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1.  Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Fiber Optic Oximeters
11.1.2.Wireless Oximeters
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Cardiac Surgery
11.2.2.Intensive Care Monitoring
11.2.3.Emergency Care
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Cardiac Centers
11.3.3.Ambulatory Surgical Centers
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Intracardiac Oximeter Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1.  Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Fiber Optic Oximeters
12.1.2.Wireless Oximeters
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Cardiac Surgery
12.2.2.Intensive Care Monitoring
12.2.3.Emergency Care
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Cardiac Centers
12.3.3.Ambulatory Surgical Centers
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Intracardiac Oximeter Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1.  Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Fiber Optic Oximeters
13.1.2.Wireless Oximeters
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Cardiac Surgery
13.2.2.Intensive Care Monitoring
13.2.3.Emergency Care
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Cardiac Centers
13.3.3.Ambulatory Surgical Centers
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Medtronic
14.2.2.Edwards Lifesciences
14.2.3.Abbott Laboratories
14.2.4.ICU Medical
14.2.5.Nonin Medical
14.2.6.Masimo Corporation
14.2.7.Nihon Kohden Corporation
14.2.8.Koninklijke Philips N.V.
14.2.9.Dragerwerk AG & Co. KGaA
14.2.10.GE Healthcare
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Medtronic
  • Edwards Lifesciences
  • Abbott Laboratories
  • ICU Medical
  • Nonin Medical
  • Masimo Corporation
  • Nihon Kohden Corporation
  • Koninklijke Philips N.V.
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare

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