Cerebral Somatic Oximeters Market Estimated to Rise at a Lucrative CAGR of 7.2% During 2018-2026

Transparency Market Research (TMR) has published a new report titled, “Cerebral Somatic Oximeters Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global cerebral oximeters market was valued at US$ 134.2 Mn in 2018 and is projected to expand at a CAGR of 7.2% from 2018 to 2026. Inclination toward minimally invasive procedures, wide usage of cerebral oximeters for hemostasis, and rise in acceptance of cerebral oximeters are anticipated to boost the growth of the global market from 2018 to 2026.

Report Overview @

https://www.transparencymarketresearch.com/cerebral-somatic-oximeter-market.html

The principle of cerebral somatic oximeter is based on near-infrared spectroscopy (NIRS). These devices are increasingly popular during pre and post-operative cardiac, vascular, and other surgeries. It is a non-invasive technology which can monitor regional oxygen saturation and overall hemostasis of the body. Efficient patient monitoring can help prevent adverse events.

To garner compelling insights on the forecast analysis of Cerebral Somatic Oximeters Market, Request a PDF Sample Here – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22739

Technological Advancements and High Demand in Emerging Markets

Manufacturers are constantly expanding their product portfolios through increase in investments in R&D for production of technologically advanced and efficient cerebral oximeters. For instance, Nonin Medical’s SenSmart Model X-100 Universal oximetry system is a dual-parameter medical device that analyzes pulse and regional oximetry values.

Surge in Health Care Expenditure

Emerging economics such as India, China, Brazil, Malaysia, and other countries in developing regions in Asia Pacific, Middle East & Africa, and Latin America present significant opportunities in the health care market. For instance, the Government of India in its Union Budget for 2017–2018 increased the total health care expenditure from 1.97% to 2.27% of total union budget.

Increase in Geriatric Population and Demand for Cerebral Oximeters for Hemostasis

The global population is aging rapidly. According to the WHO, nearly 2 billion people will be aged 60 years and above by 2050, accounting for around 16.7% of the global population. The population in developed countries such as Japan, the U.S., and countries in Western Europe is aging at a faster rate. This is attributed to better health care infrastructure & polices and adoption of techniques new endoscopic techniques. Additionally, access to various diagnostic and treatment services has improved in these regions in the past few years. This, in turn, has increased the life expectancy of the overall population. This will gradually increase demand for cerebral oximeters products.

Request for a Discount on Cerebral Somatic Oximeters Market Report –

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=22739

Increase in Incidence of Neurological and Brain Diseases

Neurological diseases and brain trauma such as hypoxic-ischemic encephalopathy (HIE) are caused due to less supply of oxygen to the brain. Hence, increase in incidence of cerebral hypoxia is anticipated to drive demand for cerebral oximeters. According to estimates, HIE occurs in about 2 to 9 per 1,000 live births and causes significant brain damage and impairment. Increase in incidence of neurological diseases is likely to drive demand for cerebral oximeters products.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

This release was published on openPR.