The new report by Expert Market Research titled, ‘Global Cerebral Somatic Oximeters Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global cerebral somatic oximeters market assessing the market based on its segments such as types, applications, patient types, end users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.5%
The demand for consistent monitoring to reduce adverse events and improve patient care and outcomes are projected to drive the global cerebral somatic oximeters market. The increasing incidence of stroke is expected to drive the market growth over the forecast period. Further, the increasing popularity of cerebral devices, pulse oximeters, and the rising demand for superior healthcare treatment are propelling the global market growth in the forecast period. Other essential driving factors that are propelling the demand within the global cerebral somatic oximeters market include the increase in the prevalence of various chronic diseases, the presence of favourable medical reimbursement policies, and the rise in the healthcare expenditure as well as and in the regional geriatric population.
Cerebral Somatic Oximeters Industry Definition and Major Segments
Cerebral somatic oximeters use surface electrodes to provide continuous and non-invasive monitoring of cerebral oxygen saturation. Moreover, during cardiopulmonary bypass surgeries, cerebral oximetry can dramatically minimise the incidence of postoperative stoke by regulating cerebral oxygen supply and demand and maintaining baseline regional oxygen saturation values.
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By type, the market is segmented into:
• Single Emitter and Dual Detector
• Dual Emitter and Dual Detector
The major applications of the market are:
• Cardiac Surgery
• Vascular Surgery
By patient type, the market is segmented into:
The end- users of the market are:
• Hospitals and Clinics
• Ambulatory Surgical Centres
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Cerebral Somatic Oximeters Market Trends
An increasing number of product approvals for cardiac applications is expected to propel the market growth over the forecast period. Increasing adoption of expansion strategies by manufacturers is one of the major factors driving the growth of the cerebral somatic oximeters globally. Further, the constant technological advancements taking place in several regions is another significant driver for the development of the global cerebral somatic oximeters market in the coming years. Rising demand for the cerebral somatic oximeters from the various areas can be attributed to rising disposable income amongst the regional population, increase in the regional population, and constant efforts by the key regional players on geographic expansion. These factors will likely boost propel the demand within the global cerebral somatic oximeters market over the forecast years.
Key Market Players
The major players in the market are Medtronic Plc, Nonin Medical, Inc., Masimo, and Edwards Lifesciences Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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