Cerebral oximetry monitoring market players and analysis by Age, monitoring type, application and end user - forecast till 2030. Cerebral oximetry monitoring has gained popularity in the field of medical science for measuring the oxygen level in blood. It is used in many medical procedures, and the increasing demand for healthcare services is likely to impact its demand greatly in the upcoming years. Market Research Future has assessed the global cerebral oximetry monitoring market, which was valued at USD 139.23 Mn by 2030, and revealed that it is anticipated to expand at 7.1% CAGR over the assessment period 2022 to 2030.
Throughout the assessment period, the technique's least intrusive characteristics will presumably encourage market growth. The market for cerebral oximetry monitoring is expected to expand at a faster rate over the next years due to the rising popularity of minimally invasive procedures. Additionally, it is predicted that throughout the projection period, the rising frequency of cardiovascular illnesses would create new opportunities for market players in the cerebral oximetry monitoring arena to develop. The demand for the process is anticipated to rise during the course of the projection period.
A number of variables, such as increased demand for baby safety, expanding use of cutting-edge medical technology, and more, are projected to cause the market for cerebral oximetry monitoring to expand. On the other hand, it is predicted that in the years to come, the market for cerebral oximetry monitoring would slacken due to limited regional cerebral oxygenation measurement and accuracy.
Competitive Dashboard:
Medtronic, Masimo, GE Healthcare, Omron Healthcare, Philips Healthcare, Edwards Lifesciences, Natus Medical, Honeywell Life Sciences, Mindray Medical, Welch Allyn, and Boston Scientific are few of the most prominent players expected to strengthen their footholds in the cerebral oximetry monitoring market over the next couple of years.
These players are poised to capitalize on the developments being observed in the infrastructure of the healthcare sector on the global front over the assessment period. In addition, they are also anticipated to adopt ways and means for growth such as merges acquisitions, product innovations, regional expansions, product portfolio development, collaborations, partnerships, etc. This, in turn, is projected to intensify the competition among the participants of the cerebral oximetry monitoring market in the years to come.
Market Segmentation:
On the basis of age, the global cerebral oximetry monitoring market has been bifurcated into adults and pediatrics. Among these, the adults segment accounted for the maximum market share in 2017. It is likely to maintain its pole position over the next couple of years. Increasing cases of cardiovascular diseases in adults are anticipated to lead the expansion of the segment over the next couple of years.
On the basis of application, the cerebral oximetry monitoring market has been segmented into cardiac surgery (Deep hypothermic circulatory arrest, Coronary artery bypass surgery), vascular surgery (carotid endarterectomy hyperperfusion syndrome, carotid endarterectomy), and pediatrics.
On the basis of end-user, the global cerebral oximetry monitoring market has been segmented into clinics, ambulatory surgical centers, hospitals, and others.
Regional Analysis:
The Americas, Asia Pacific (APAC), the Middle East Africa (MEA), and Europe are the four regions included in the geographical analysis of the global cerebral oximetry monitoring market. Throughout the evaluation period, Americas is anticipated to hold the majority of the market share. Over the next few years, it is projected that the expansion of the cerebral oximetry monitoring market would be driven by the growth of the leading players situated in the area. Additionally, it is projected that the region's advanced technical infrastructure for the healthcare industry would further fuel market growth in the near future. The forecast period is expected to have the highest CAGR in Asia Pacific.
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