Muscle Oxygen Monitors Market Size, Share, Growth, and Industry Analysis, By Type (Wearable Monitor, Tabletop Monitor and Others), By Application (Professional Field, Amateur Field and Others.), Regional Forecast to 2028

Updated On: 15 May 2023

REPORT OVERVIEW

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The global muscle oxygen monitors market size was expected to be USD 7 million in 2021. As per our research, the market is projected to touch USD 13 million by 2028, exhibiting a CAGR of 9.4% during the forecast period.  The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth demand returning to pre-pandemic levels once the pandemic is over.

The oxygen saturation levels in the muscle tissue of athletes are measured and tracked with a Muscle Oxygen Monitor. Near-Infrared Spectroscopy is the technology used by the muscle oxygen monitors. It is a type of spectroscopy technique that makes use of the infrared spectrum. Light that is close to or just slightly beyond the red end of the visible spectrum is referred described as "near infrared." Muscle oxygen monitors employ light with a wavelength between 680 and 800 nm. Near infrared light is employed in the process of monitoring muscle oxygenation since it can penetrate a great distance through skin, muscle, and lipids. It travels a great distance because the skin cannot entirely absorb it.

COVID-19 Impact: The Intrinsic Covid-19 Condition Curtailed the Market Growth

The market for Muscle Oxygen Monitors has been impacted as a result of the recent COVID-19 epidemic, which has brought attention to the healthcare sector. The healthcare ecosystems have undergone a revolution rather than an evolution as a result of severe shortages of essential medical supplies and a sharp increase of COVID-19 patients. As a result, the market for Muscle Oxygen Monitors has been affected.

Doctors are delaying or postponing elective surgery unless absolutely necessary to stop the virus from spreading to those with comorbidities or chronic disorders by adhering to government regulations, including social distance rules and stay-at-home directives. Movement restrictions and supply chain interruptions have also made it difficult for market participants to operate, which has resulted in significant product shortages on the international market.

LATEST TRENDS

"The Innovative Applications and Trendsetter in Athletics  to Surge the Market Demand "

Measure muscle oxygen, the most important component of athletic performance, and instantly know your lactate threshold. One healthcare item attempting to change this using wearable sensors and other technologies is the muscle oxygen monitor. Users can adjust exercises to their bodies' needs by using the gadget, which analyses oxygen in the muscles of athletes while they train and visualises the data.

SEGMENTATION

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• By Type

Based on type the market is classified into wearable monitor, tabletop monitor and others.

Wearable monitor is the leading part of the type segment.

• By Application

Based on application the market is classified as professional field, amateur field and others.

Professional field are the leading part of the application segment.

DRIVING FACTORS

"Rising Sports Activities and Awareness to Propel the Market Growth "

It is anticipated that use of muscle oxygen monitors would rise as sports activities become more common.People who participate in sport typically have strong stamina and are healthier than others. Sport promotes good health.  One must be urged to participate in sports because they are one way that people can improve their quality of life for the sake of sports activities. Games and sports play important roles in fostering the growth of human minds and bodies, especially in young children. A person's life is definitely improved by participating in sports in terms of their physical and mental health. Sport activities are essential for keeping kids out of trouble, especially during their free time, thus parents and kids participating together is important. However, the enormous benefits of inculcating sports activities to surge in the demand for muscle oxygen monitors market share.

"The Remarkable Attributes of the Device to Positively Boost the  Market Share"

The small weight of muscle oxygen monitors makes carrying one quite simple. This may fuel the market for muscle oxygen sensors. Because the monitors have so many capabilities, like wireless charging and data storage, technological developments in the device may be a key factor in driving the market for these devices. The key factor that can accelerate the rise of the monitors is their accuracy. By sending light into the muscle tissue and detecting its absorption—a process known as near-infrared spectroscopy—a lightweight gadget that straps to the user's thigh calculates the oxygen levels in the muscles. The user's phone, smart watch, or laptop receives this information and receives personalised insights along with it via Bluetooth or ANT+ technology, which is then displayed in a straightforward graph.

RESTRAINING FACTORS

"The Problems Associated in the Utilization to Repel the Market Players"

Some of the constraints preventing the growth of the muscle oxygen monitors market include the risks of radiation exposure and the time it takes for regulatory approvals. The market growth for muscle oxygen monitors may be constrained by issues with aspiration and leakage that are related to these devices. Therefore, the problems associated with the utilization being a restraining factor can hamper the muscle oxygen monitors market growth in the forecasted period.

REGIONAL INSIGHTS

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"North America to Dominate the  Market Share With the Presence of Prominent Players"

The greatest market share was held by the North American region, and it is anticipated that it will keep this position throughout the anticipated time. North America is projected to be the most lucrative region for the global muscle oxygen monitors market because of its advanced healthcare system and emphasis on research and development. North America is anticipated to account for the biggest revenue shares in the global market, primarily as a result of its developed healthcare infrastructure and rapid technological advancement. Due to the extensive quantity of sporting activities, the US is anticipated to have a significant revenue share in the monitors. Due to increased R & D spending for the production of healthcare products, Europe is predicted to have a high revenue share in the muscle oxygen monitors market.

KEY INDUSTRY PLAYERS

"Prominent Manufacturers to Contribute Towards Expansion of Market"

The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.

List of Market Players Profiled

• Moxy Monitor (U.S.A)
• Humon (U.S.A)
• Artinis (The Netherlands)
• Nirox (U.S.A)
• GetWell (U.S.A).

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players,  recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.