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Global Cerebral Oximetry Market Analysis & Forecast 2024-2034: Market By Age Group; By Application; By End-user; and By Region

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    Report

  • 145 Pages
  • October 2023
  • Region: Global
  • Erevna Healthcare
  • ID: 5890295
The global cerebral oximetry market size was estimated to be USD 217.05 million in 2023 and is expected to reach at USD 468.27 million by 2033 with a CAGR of 7.24% during the forecast period 2024-2034. Growing geriatric population, surge in number of neurological disorders, increasing technological advancements, rising research & development activities, growing focus on development of new product portfolio, surge in mergers & acquisitions within market players, increasing new product launches, and rising approvals of cerebral oximeter devices are some of the key factors boosting the market growth.

Rising approvals of cerebral oximeter devices is predicted to boost the market growth during the forecast period. New cerebral oximeter devices are approved by regulatory bodies such as U.S. FDA, providing market participants with an opportunity. For instance, in June 2023, Royal Philips, a prominent player in the field of health technology, and Masimo, a renowned global medical technology firm, have received FDA clearance to enable the utilization of SedLine® Brain Function Monitoring, Regional Oximetry (O3®), and CO2 measurements on Philips Patient Monitors, specifically the IntelliVue MX750 and MX850 models.

By age group, adult was the highest revenue-grossing segment in the global cerebral oximetry market in 2023 owing to the growing approval of new devices to monitor cerebral oxygen level in adults and surge in technological advancements. Additionally, Pediatric is predicted to grow at fastest CAGR during the forecast period owing to the rising launch of advanced products and increasing approval of devices for pediatric use. For instance, in February 2022, Masimo has revealed that the FDA has granted clearance for the use of SedLine® brain function monitoring in pediatric patients aged 1 to 17 years, along with the approval of the SedLine Pediatric EEG Sensor.

By application, cardiac surgery was the highest revenue-grossing segment in the global cerebral oximetry market in 2023 owing to the rising demand for monitoring brain oxygen levels during cardiac surgery and increasing launch of advanced products. For instance, in January 2023, Masimo has introduced the Root®6700 Cerebral Oximeter, a portable device designed for ongoing monitoring of cerebral oxygen saturation (SpO2) and regional cerebral oxygen saturation (rSO2). Additionally, Neurological surgery is predicted to grow at fastest CAGR during the forecast period owing to the growing number of neurological surgeries and growing approvals by regulatory bodies.

By end-user, hospitals & clinics was the highest revenue-grossing segment in the global cerebral oximetry market in 2023 owing to the increasing demand for cerebral oximeters in OR & ICU departments of the hospital to monitor cerebral desaturation in patients, surge in hospital & clinic visits, and rising approvals by regulatory bodies. For instance, in January 2023, The State Health Commissioner has granted approval for the Certificate of Public Need (COPN) submitted by Chesapeake Regional Medical Center. This approval allows the hospital to implement open-heart surgery procedures, thereby addressing the community's healthcare requirements. Additionally, Ambulatory surgical centers is predicted to grow at fastest CAGR during the forecast period owing to its facilities throughout the world perform a variety of operations linked to various diseases and the widespread availability of ambulatory facilities provides people convenient access to therapy & boosts devices usage.

North America region is anticipated for the highest revenue share during the forecast period owing to the increasing prevalence of neurological disorders, growing research activities for developing novel cerebral oximeter devices, and rising approvals by regulatory bodies. For instance, in June 2022, Medtronic has successfully incorporated two continuous monitoring solutions into G.E. Healthcare's CARESCAPE platform, offering clinicians the ability to tailor patient care. These solutions, Microstream capnography and INVOS regional oximetry technologies, are intended for use in ICU and perioperative care. The FDA and CE Mark have both granted clearance for this integration, marking the completion of Medtronic's comprehensive patient monitoring technologies on the CARESCAPE platform. Additionally, Europe region is predicted to grow at fastest CAGR during the forecast period owing to the increasing aging population, rising prevalence of diseases, surge in research & development activities, and growing partnership & collaborations within market players. For instance, in August 2022, Medtronic plc has revealed a strategic collaboration with BioIntelliSense, a company specializing in continuous health monitoring and clinical intelligence. This partnership grants Medtronic exclusive distribution rights within the United States for the BioButton multi-parameter wearable, which is designed for continuous, connected monitoring in U.S. hospitals and for 30 days post-acute care at home.

Segmentation: Cerebral Oximetry Market Report 2022 - 2033

Cerebral Oximetry Market Analysis & Forecast by Age Group 2023 - 2034 (Revenue USD Mn)

  • Adult
  • Pediatric

Cerebral Oximetry Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Mn)

  • Vascular Surgery
  • Neurological Surgery
  • Cardiac Surgery
  • Others

Cerebral Oximetry Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Mn)

  • Ambulatory Surgical Centers
  • Hospitals & Clinics
  • Others

Cerebral Oximetry Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Mn)

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM

Middle East & Africa

  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1. Study Objectives
1.2. Study Scope
1.3. Research Assumptions
1.4. Research Framework
2. Introduction
2.1. Market Definition
2.2. Global Cerebral Oximetry Market Overview
3. Executive Summary
4. Market Environment Analysis
4.1. Porter’s 5 Forces Analysis
4.2. PESTEL Analysis
4.3. SWOT Analysis
5. Market Dynamics
5.1. Drivers Analysis
5.2. Restraints Analysis
5.3. Opportunities Analysis
5.4. Threats Analysis
5.5. Trend Analysis
6. COVID-19 Impact Analysis
7. Cerebral Oximetry Market: Age Group Estimates & Trend Analysis
7.1. Age Group Segment Opportunity Analysis
7.2. Adult
7.2.1. Adult Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
7.3. Pediatric
7.3.1. Pediatric Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
8. Cerebral Oximetry Market: Application Estimates & Trend Analysis
8.1. Application Segment Opportunity Analysis
8.2. Vascular Surgery
8.2.1. Vascular Surgery Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
8.3. Neurological Surgery
8.3.1. Neurological Surgery Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
8.4. Cardiac Surgery
8.4.1. Cardiac Surgery Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
8.5. Others
8.5.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9. Cerebral Oximetry Market: End-user Estimates & Trend Analysis
9.1. End-user Segment Opportunity Analysis
9.2. Ambulatory Surgical Centers
9.2.1. Ambulatory Surgical Centers Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9.3. Hospitals & Clinics
9.3.1. Hospitals & Clinics Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9.4. Others
9.4.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
10. Regional Market Analysis
10.1. Regional Market Opportunity Analysis
11. North America Cerebral Oximetry Market
11.1. North America Cerebral Oximetry Market
11.1.1. North America Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
11.1.2. North America Cerebral Oximetry Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
11.1.3. North America Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
11.1.4. North America Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
11.1.5. North America Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
11.2. U.S. Global Cerebral Oximetry Market
11.2.1. U.S. Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
11.2.2. U.S. Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
11.2.3. U.S. Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
11.2.4. U.S. Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
11.3. Canada Global Cerebral Oximetry Market
11.3.1. Canada Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
11.3.2. Canada Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
11.3.3. Canada Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
11.3.4. Canada Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
12. Europe Global Cerebral Oximetry Market
12.1. Europe Global Cerebral Oximetry Market
12.1.1. Europe Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.1.2. Europe Cerebral Oximetry Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
12.1.3. Europe Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
12.1.4. Europe Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
12.1.5. Europe Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
12.2. Germany Global Cerebral Oximetry Market
12.2.1. Germany Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.2.2. Germany Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
12.2.3. Germany Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
12.2.4. Germany Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
12.3. UK Global Cerebral Oximetry Market
12.3.1. UK Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.3.2. UK Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
12.3.3. UK Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
12.3.4. UK Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
12.4. France Global Cerebral Oximetry Market
12.4.1. France Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.4.2. France Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
12.4.3. France Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
12.4.4. France Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
12.5. Spain Global Cerebral Oximetry Market
12.5.1. Spain Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.5.2. Spain Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
12.5.3. Spain Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
12.5.4. Spain Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
12.6. Italy Global Cerebral Oximetry Market
12.6.1. Italy Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.6.2. Italy Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
12.6.3. Italy Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
12.6.4. Italy Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
12.7. Rest of Europe Global Cerebral Oximetry Market
12.7.1. Rest of Europe Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.7.2. Rest of Europe Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
12.7.3. Rest of Europe Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
12.7.4. Rest of Europe Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
13. Asia Pacific Global Cerebral Oximetry Market
13.1. Asia Pacific Global Cerebral Oximetry Market
13.1.1. Asia Pacific Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.1.2. Asia Pacific Cerebral Oximetry Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
13.1.3. Asia Pacific Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
13.1.4. Asia Pacific Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
13.1.5. Asia Pacific Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
13.2. Japan Global Cerebral Oximetry Market
13.2.1. Japan Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.2.2. Japan Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
13.2.3. Japan Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
13.2.4. Japan Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
13.3. China Global Cerebral Oximetry Market
13.3.1. China Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.3.2. China Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
13.3.3. China Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
13.3.4. China Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
13.4. India Global Cerebral Oximetry Market
13.4.1. India Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.4.2. India Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
13.4.3. India Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
13.4.4. India Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
13.5. South Korea Global Cerebral Oximetry Market
13.5.1. South Korea Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.5.2. South Korea Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
13.5.3. South Korea Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
13.5.4. South Korea Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
13.6. Australia Global Cerebral Oximetry Market
13.6.1. Australia Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.6.2. Australia Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
13.6.3. Australia Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
13.6.4. Australia Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
13.7. Rest of Asia Pacific Global Cerebral Oximetry Market
13.7.1. Rest of Asia Pacific Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.7.2. Rest of Asia Pacific Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
13.7.3. Rest of Asia Pacific Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
13.7.4. Rest of Asia Pacific Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
14. Latin America Global Cerebral Oximetry Market
14.1. Latin America Global Cerebral Oximetry Market
14.1.1. Latin America Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.1.2. Latin America Cerebral Oximetry Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
14.1.3. Latin America Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
14.1.4. Latin America Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
14.1.5. Latin America Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
14.2. Brazil Global Cerebral Oximetry Market
14.2.1. Brazil Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.2.2. Brazil Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
14.2.3. Brazil Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
14.2.4. Brazil Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
14.3. Mexico Global Cerebral Oximetry Market
14.3.1. Mexico Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.3.2. Mexico Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
14.3.3. Mexico Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
14.3.4. Mexico Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
14.4. Argentina Global Cerebral Oximetry Market
14.4.1. Argentina Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.4.2. Argentina Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
14.4.3. Argentina Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
14.4.4. Argentina Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
14.5. Rest of Latin America Global Cerebral Oximetry Market
14.5.1. Rest of Latin America Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.5.2. Rest of Latin America Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
14.5.3. Rest of Latin America Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
14.5.4. Rest of Latin America Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
15. MEA Global Cerebral Oximetry Market
15.1. MEA Global Cerebral Oximetry Market
15.1.1. MEA Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.1.2. MEA Cerebral Oximetry Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
15.1.3. MEA Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
15.1.4. MEA Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
15.1.5. MEA Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
15.2. GCC Global Cerebral Oximetry Market
15.2.1. GCC Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.2.2. GCC Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
15.2.3. GCC Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
15.2.4. GCC Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
15.3. South Africa Global Cerebral Oximetry Market
15.3.1. South Africa Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.3.2. South Africa Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
15.3.3. South Africa Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
15.3.4. South Africa Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
15.4. Rest of MEA Global Cerebral Oximetry Market
15.4.1. Rest of MEA Cerebral Oximetry Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.4.2. Rest of MEA Cerebral Oximetry Market Size and Forecast, By Age Group, 2023-2034 (Revenue USD Mn)
15.4.3. Rest of MEA Cerebral Oximetry Market Size and Forecast, By Application, 2023-2034 (Revenue USD Mn)
15.4.4. Rest of MEA Cerebral Oximetry Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Mn)
16. Competitor Analysis
16.1. Company Market Share Analysis, 2023
16.2. Major Recent Developments
17. Company Profiles
17.1. Nonin Medical Inc.
17.2. Medtronic
17.3. Edwards Lifesciences Corporation
17.4. Ornim Medical
17.5. Masimo
17.6. Hamamatsu Photonics K.K.
17.7. GE Healthcare
17.8. ISS, Inc.
17.9. Mespere LifeSciences
17.10. Terumo Cardiovascular Systems Corporation
17.11. CAS Medical Systems Inc.
17.12. Other Prominent Players
18. Conclusion19. Recommendations

Companies Mentioned

  • Nonin Medical Inc.
  • Medtronic
  • Edwards Lifesciences Corporation
  • Ornim Medical
  • Masimo
  • Hamamatsu Photonics K.K.
  • GE Healthcare
  • ISS Inc.
  • Mespere LifeSciences
  • Terumo Cardiovascular Systems Corporation
  • CAS Medical Systems Inc.

Table Information