The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Cerebral and tissue oximetry devices refer to the near-infrared spectroscopy technology-based instruments that are utilized to non-invasively and continuously measure cerebral oxygenation levels in the cerebral tissues.
In line with this, they usually consist of a cerebral oximeter monitor that is connected via a cable to an oximeter probe placed on the forehead area. Furthermore, the key difference between the amount of light sent and received by the oximeter probe is calculated to determine the oxygen level in the brain.
As a result, cerebral and tissue oximetry devices are widely used in hospital wards during emergencies, surgical procedures, treatments, recovery, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Cerebral and Tissue Oximetry Devices Industry Trends and Drivers:
The expanding geriatric population across the globe who are more susceptible to developing chronic neurological disorders is primarily driving the cerebral and tissue oximetry devices market. Additionally, the shifting preferences among healthcare providers and patients from traditional surgery procedures to non-invasive medical devices are further stimulating the market growth.
Besides this, the growing consumer awareness towards early diagnosis and treatment of neurodegenerative diseases is acting as another significant growth-inducing factor. Moreover, the rising adoption of cerebral and tissue oximetry devices in cardiac surgical procedures and the increasing healthcare expenditures of individuals are also positively influencing the global market.
Apart from this, the introduction of advanced product variants that are compatible as well as offer enhanced accuracy and reliability with smart operating systems for maintaining electronic medical records (EMR) is projected to fuel the cerebral and tissue oximetry devices market in the coming years.
Global Cerebral and Tissue Oximetry Devices Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global cerebral and tissue oximetry devices industry with the leading players profiled in the report.
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