Brain Tissue Oxygen Monitoring Systems Market Valuable Growth Prospects and Insights on Future Scenario // Major key Players - Hamamatsu Photonics K.K., Medtronic, Scintica Instrumentation Inc., CARDION s r.o., Oxford Optronix Ltd.
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The brain tissue oxygen monitoring systems are employed for the continuous monitoring of oxygen partial pressure in the brain, thus providing early warning of hypoxic events, thereby allowing timely intervention to restore oxygen delivery. Brain tissue oxygen monitoring systems are used for patients suffering from traumatic brain injury and cerebral vascular events such as strokes & others.
The rising incidence and cases of brain diseases and disorders such as traumatic brain injury (TBI), strokes and others, coupled with the high demand for the brain tissue oxygen monitoring systems are the prime drivers of the brain tissue oxygen monitoring system market. According to the Centers for Disease Control and Prevention (CDC), about 2.8 million TBI-related hospitalisations and deaths occurred in the U.S. in 2016, which amounted to 50,000 deaths. The CDC data also reveals an astonishing increase in TBI-related hospitalisations, which grew by 47% during a span of six years from 2010 to 2016.
Drawbacks of traditional methods of measuring brain tissue oxygen are another driver of the brain tissue oxygen monitoring systems market. The usage of traditional methods of measuring brain tissue oxygen, such as positron emission tomography and Computed Tomography (CT), are limited for the continuous measurement of brain oxygenation. Peripheral methods for brain tissue oxygen measurement, such as intracranial pressure and cerebral perfusion pressure, are not reliable as they are sensitive to peripheral tissue oxygen extraction.
Growth in risk factors represents an attractive market opportunity for the brain tissue oxygen monitoring systems market. The growth in demand generated by increase in risk factors, such as growing sports culture, increase in the number of active population such as young children, growing geriatric population, lack of safety and increase in the number of vehicles is expected to drive large revenues for the brain tissue oxygen monitoring systems market players. According to CDC, falls are the leading cause of TBI and account for 47% of all TBI-related hospitalizations and deaths in the U.S., disproportionately affecting the youngest and oldest age groups. The CDC states that the rates of recreation-related TBI have more than doubled among children aged 19 years and below. Of all TBI-related hospitalizations and deaths among adults aged 65 and above, almost 79% were caused by falls. Motor vehicle crashes was the third leading cause of all TBI-related hospitalizations and deaths among all age groups, and accounted for a 14% share.
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Advancements in technology, such as the development of advanced algorithms, data storage capabilities, interactive touch-screen interfaces for immediate access, compact, lightweight ergonomic design, improvements in battery life, built-in alarms and others, are also among factors driving the brain tissue oxygen monitoring systems market.
However, the high cost of installation and maintenance of brain tissue monitoring systems, the lower penetration of brain trauma centres & multispecialty hospitals in developing regions and lack of awareness are among factors hampering the growth of the brain tissue oxygen monitoring systems market.
The global brain tissue oxygen monitoring systems market is a highly consolidated characterised by the availability of technologically advanced brain tissue monitoring systems, but low volumes of sale. This has resulted in the premium pricing of products, owing to which only few players dominate the brain tissue oxygen monitoring systems market.
Vendors operating in the brain tissue oxygen monitoring systems market are engaged in new product developments, as the most popular strategy. Technical support and customised solutions are the recent market demands and trends playing a crucial role in the brain tissue oxygen monitoring systems market. The introduction of technologically advanced products is expected to present a larger value proposition as compared to cost in the brain tissue oxygen monitoring systems market.
By region, the global brain tissue oxygen monitoring systems market is classified into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East & Africa. North America dominated by the U.S. accounts for the largest share of the global brain tissue oxygen monitoring systems market owing to the excellent healthcare infrastructure, the local presence of large players and the higher demand for neurosurgery.
North America is followed by Europe, which is expected to be led by Germany, France and the U.K. The large healthcare infrastructure of Europe is a significant driver of the Europe brain tissue oxygen monitoring systems market.
The brain tissue oxygen monitoring systems market is expected to gain significant traction in the Asia Pacific and the Middle East & Africa regions. China and India are expected to drive a large market share owing to economic development, large population and advancements in healthcare in the Asia Pacific brain tissue oxygen monitoring systems market.
The Middle East and Africa brain tissue oxygen monitoring systems market is expected to be dominated by the wealthy gulf economies of Saudi Arabia, Kuwait, UAE and Qatar. However, the poor income of African economies, coupled with poor social conditions, are hampering the brain tissue oxygen monitoring systems market.
Some of the major vendors operating in the global brain tissue oxygen monitoring systems market are Integra LifeSciences Corporation; Hamamatsu Photonics K.K.; Medtronic; Scintica Instrumentation, Inc.; CARDION s r.o.; Oxford Optronix Ltd., RAUMEDIC AG among others.
The global brain tissue oxygen monitoring systems market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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