Cerebral Oximetry Monitoring Market Charting the Course for Future Market Size Growth Best Practices and Insights

The Global Cerebral Oximetry Monitoring Market is expected to grow at a healthy growth rate of over 7.20% during the forecast period 2022-2029. The market was valued at approximately USD 189.04 million in 2021.

Cerebral oximetry monitoring based on near-infrared spectroscopy (NIRS) is a non-invasive technique used during the perioperative period of cardiovascular surgeries to monitor local oxygen saturation in the frontal cortex.

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The market growth is driven by factors such as the increasing geriatric population and the rising prevalence of cardiovascular and neurological disorders. The Centers for Disease Control and Prevention (CDC) estimates that 697,000 Americans were expected to have coronary artery disease (CAD) in 2020, leading to an increased demand for cerebral oximetry monitoring devices during CAD surgeries. The aging and obese populations are also more susceptible to chronic diseases, further driving the market growth. According to the World Bank Group, the global older population is projected to reach 1.5 billion by 2050.

Advancements in product development and regulatory approvals are also contributing to the market's growth. For example, Masimo received FDA approval in August 2020 for its "O3 Regional Oximetry" technology, which allows monitoring of oxygenation saturation in somatic tissues and variations between oxyhemoglobin, hemoglobin, and deoxyhemoglobin in adult brains.

The market is segmented into different regions, including North America, Europe, Asia Pacific, Latin America, and the Rest of the World. North America currently dominates the market in terms of revenue, driven by the presence of branded products and a high prevalence of diseases in the region. However, Asia Pacific is expected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. Factors such as a growing geriatric population, increasing collaborations for product development, geographic expansion of key players, and active government participation in the market are driving the growth in the Asia Pacific region.

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Major players in the Global Cerebral Oximetry Monitoring Market include Masimo, Medtronic, Edwards Lifesciences Corporation, Nonin Medical Inc, ISS, Inc., Hamamatsu Photonics K.K., Mespere LifeSciences Inc, GE Healthcare, Terumo Cardiovascular Systems Corporation, and Ornim Medical.

Recent developments in the market include Medtronic's FDA approval in December 2021 for the use of its INVOS 7100 cerebral/somatic oximetry device in pediatric patients. In August 2020, the FDA also approved the use of Masimo's O3 Regional Oximetry to measure oxygenation saturation in somatic tissues and changes in hemoglobin, oxyhemoglobin, and deoxyhemoglobin in adult brains.

The report provides a comprehensive analysis of the market, including historical data from 2019-2021 and a forecast period from 2022-2029. It covers factors such as revenue forecast, company rankings, competitive landscape, growth factors, and trends. The market is segmented based on application (cardiac surgery, vascular surgery, others), age (pediatric, adult), end use (hospitals & clinics, ambulatory surgical centers, others), and region.

Overall, the Global Cerebral Oximetry Monitoring Market is expected to experience significant growth due to the increasing demand for monitoring devices in cardiovascular surgeries and the rising prevalence of diseases.

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