According to IMARC Group’s latest research report, titled “Cerebral Oximetry Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” provides an extensive analysis of the industry, including cerebral oximetry monitoring market size, share, trends, and growth opportunities. The report also covers competitor and regional analysis and the latest advancements in the global market.
How big is the Cerebral Oximetry Monitoring Market?
The global cerebral oximetry monitoring market size reached US$ 78.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 119.78 Million by 2028, exhibiting a growth rate (CAGR) of 7.10% during 2023-2028.
What is Cerebral Oximetry Monitoring?
Cerebral oximetry monitoring and non-invasive strategies are used to estimate oxygen saturation levels in the blood. The setup contains an oximeter probe attached to a monitor cable connected to a cerebral oximeter monitor. It comprises placing a probe on the forehead or scalp, which uses near-infrared light to measure the amount of dioxygen in the blood. Cerebral oximetry monitoring is widely utilized to observe tissue oxygen saturation, which reflects hemoglobin saturation in arterial, venous, and capillary blood. In addition, it is a useful device in clinical practice that helps to recognize and treat problems with blood flow to the brain.
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What are the Growth Prospects and Trends in the Cerebral Oximetry Monitoring Market?
The increasing occurrence of neurological disorders, including stroke, traumatic brain injury, and dementia, across the globe is primarily augmenting the cerebral oximetry monitoring market. Furthermore, the escalating demand for this method in aortic surgery, arrhythmia surgery, and coronary artery bypass graft surgery (CABG) processes to reduce the risk of complications and minimize anastomotic leaks is also positively influencing the market growth. Apart from this, the growing utilization of this procedure to observe cerebral oxygenation levels in stroke patients and aid in diagnosing and operating the condition is bolstering the global market.
Moreover, the introduction of advanced cerebral oximetry observing appliances that are more accurate, effective, and reliable and alert clinicians about the changes to help prevent adverse events and enhance patient care and outcomes is further catalyzing the market growth. Besides this, the rising incidences of cardiac diseases, the increasing expenditure capacities of individuals, the expanding healthcare sector, and extensive research and development (R&D) activities are anticipated to fuel the cerebral oximetry monitoring market over the forecasted period.
Who are the key Players Operating in the Industry?
- Edwards Lifesciences
- Koninklijke Philips N.V.
- Masimo Corporation
- Medtronic PLC
- Nonin Medical Inc
What is included in Market Segmentation?
Age Insights:
- Adult
- Pediatrics
Application Insights
- Cardiac Surgery
- Vascular Surgery
End Use Insights:
- Hospital
- Clinic
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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