With the tremendous growth in the healthcare services industry, all ailments can be effectively and quickly treated. Brain hypoxia is a condition where the brain does not get enough oxygen, even when there is blood flowing through. There are many symptoms of hypoxia which include loss of memory, issues with judgment, temporary immobility, and inattentiveness. Severe symptoms can include brain seizure and coma too. A Cerebral Oximetry Monitoring device is used in measuring the cerebral oxygenation values continuously, in a non-invasive procedure. This device can be a boon to help prevent death due to brain hypoxia. The oximeter is commonly kept on the forehead and a probe connects it to the monitor. Values keep getting measured and any change in measurement is indicated.
With the development in the field of monitoring devices and healthcare, the need for better and smarter equipment is high. This will trigger the growth of this industry. Several kinds of surgeries also require a cerebral oximetry monitoring device to be present as a precaution. This will also increase the demand for these products. This report analysis the types and applications of the devices produced in this industry and forecasts the growth of the market in the coming years. The rough compound annual growth rate and the potential risks and challenges in this market are also analyzed in detail by this report.
There are 15 key players included in this report and their market value and volume, their growth potential in the future and their detailed market competitive landscape are all discussed here. The SWOT analysis of these companies and their future developmental strategies are studied here in this report.
There are two types of products that this market deals with – dual parameter tissue oximeter and type II oximeter. The potential for demand and supply of both these products are analyzed as a part of this report study.
There are two areas where the products of this industry will majorly be used. Hospitals and clinics and their potential demand for the devices are investigated and the results are published in this report.
North America, Europe, Asia-Pacific, Middle East, and Africa and South America are the five regions that are discussed in detail in this report. Out of these, because of high technological advancements and the demand for modern equipment, North America will lead the market. Europe will closely follow North America when it comes to demand for cerebral oximetry monitoring devices.
Asia-Pacific will show increasing adoption to using such high-end monitoring devices too and will be a fast growing region.
Masimo is an American brand that creates non-invasive monitoring devices. At the beginning of September 2019, this brand announced that it had received FDA clearance for adding three more indices for this O3 regional oximetry device. These indices will help clinicians get better visibility on the underlying components that calculate the cerebral oxygen levels.
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