Cerebral and Tissue Oximetry Devices Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR41566
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 Cerebral and Tissue Oximetry Devices Market - 2021-2025

The cerebral and tissue oximetry devices market size is expected to reach a value of USD 55.08 million, at a CAGR of 6.73% during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as growing use of cerebral and tissue oximetry devices in cardiac surgical procedures are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Cerebral and Tissue Oximetry Devices Market Size

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Cerebral and Tissue Oximetry Devices Market Segments

Navigate through market segmentation by product (modular devices and handheld devices) and geography (North America, Europe, Asia, and ROW) in this cerebral and tissue oximetry devices market report to pursue growth opportunities.

Get actionable insights on the cerebral and tissue oximetry devices market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic cerebral and tissue oximetry devices market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Cerebral and Tissue Oximetry Devices Market Vendors and Competitive Analysis

The cerebral and tissue oximetry devices market is concentrated and the vendors are deploying growth strategies such as implementing innovative technologies to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full cerebral and tissue oximetry devices market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Cerebral and Tissue Oximetry Devices Market Vendors

Cerebral and Tissue Oximetry Devices Market - Region Opportunities 2021-2025

40% of the cerebral and tissue oximetry devices market growth will originate from North America during the forecast period. The US is a key market for cerebral and tissue oximetry devices in North America. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Cerebral and Tissue Oximetry Devices Market Share by Geography

North America has been exhibiting a significant growth rate for cerebral and tissue oximetry devices market vendors. Factors such as the rising burden of cardiovascular disease (CVD), the growing number of cardiac surgical procedures, and the increase in US FDA approvals and certifications for cerebral and tissue oximetry devices are accelerating cerebral and tissue oximetry devices market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

However, the cerebral and tissue oximetry devices market share growth in North America will be slower than the growth of the market in Asia ad Europe. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Cerebral and Tissue Oximetry Devices Market Insights by Product

Cerebral and Tissue Oximetry Devices Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The cerebral and tissue oximetry devices market share growth by the modular devices segment will be significant during the forecast period. The availability of advanced features and benefits such as continuous monitoring facilities and the growing adoption of IoT devices in healthcare settings have increased the adoption of modular cerebral and tissue oximetry devices. The growing availability of such features in modular cerebral and tissue oximetry devices is attracting customers, thereby driving strong sales growth in the modular devices segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the cerebral and tissue oximetry devices market size.

From the cerebral and tissue oximetry devices market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Cerebral and Tissue Oximetry Devices Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding cerebral and tissue oximetry devices market growth is high cost of cerebral and tissue oximetry devices. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

In the event of serious surgeries related to the heart or brain, hypoxia is a commonly occurring condition. Surgeons use cerebral and tissue oximeters to monitor oxygen levels to prevent hypoxic situations from occurring. Even with monitoring and cases being interpreted by clinicians, there are cases where desaturation levels have been quite severe, leading to patient distress. The market demand for these devices is on the rise as they have proven useful in detecting hypoxia during an operation.

Vendors are using various technologies to develop advanced cerebral and tissue oximeters such as the dual parameter tissue oximeter, which is one of the critical global cerebral and tissue oximetry devices market trends. The dual parameter tissue oximeter operates by obtaining a patient’s pulse as well as regional oximetry measurements. For instance, Nonin Medical’s SenSmart Model X-100 is capable of measuring other parameters as well, depending on the requirement. Medical facilities that have invested in this device have been able to save patients and also reduce equipment-related expenditure. Extensive use of this device by medical facilities will help in propelling the oximetry market during the forecast period.

This cerebral and tissue oximetry devices market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Cerebral and Tissue Oximetry Devices Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cerebral and tissue oximetry devices market growth during the next five years
  • Precise estimation of the cerebral and tissue oximetry devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cerebral and tissue oximetry devices market across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cerebral and tissue oximetry devices market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The cerebral and tissue oximetry devices market growth will increase by $51.31 million during 2019-2024.
The cerebral and tissue oximetry devices market is expected to grow at a CAGR of 6.86% during 2019-2024.
Technavio has segmented the cerebral and tissue oximetry devices market by product (Modular devices and Handheld devices) and geographic (North America, Europe, and Asia).
Edwards Lifesciences Corp., Hamamatsu Photonics KK, HyperMed Imaging Inc., ISS Inc., Masimo Corp., Medtronic Plc, Moor Instruments Ltd., Nonin Medical Inc., Sotera Wireless Inc., Spectros Corp. are a few of the key vendors in the cerebral and tissue oximetry devices market.
North America will register the highest growth rate of 44.12% among the other regions. Therefore, the cerebral and tissue oximetry devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the cerebral and tissue oximetry devices market growth are:
  • Growing use of cerebral and tissue oximetry devices in cardiac surgical procedures
  • Technological advancements in cerebral and tissue oximetry devices
The cerebral and tissue oximetry devices market vendors should focus on grabbing business opportunities from the modular devices segment as it accounted for the largest market share in the base year.
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