Report ID: SQMIG35A2364
Report ID:
SQMIG35A2364 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
In 2022, North America emerged as the dominant region in the cerebral oximetry monitoring market, capturing the largest revenue share of 37.41%. This can be attributed to the presence of key players and their offerings in the region. Major suppliers such as Medtronic, Edwards Lifesciences Corporation, Nonin, and Masimo provide oximeter devices like the INVOS System, ForeSight System, EQUINOX, and Root with O3 in the United States. These devices are utilized for monitoring cerebral desaturation in cardiac surgery, with applications in intensive care units (ICU), operating rooms (OR), and extracorporeal membrane oxygenation (ECMO). The availability of such advanced monitoring devices and the presence of established players contribute to the market's dominance in North America.
Asia Pacific is anticipated to witness the fastest compound annual growth rate (CAGR) of 8.6% during the forecast period. Several factors contribute to the market growth in this region, including an aging population, a growing prevalence of diseases, and a rise in per capita disposable incomes. Research studies have shown that the elderly population is at a higher risk of cardiovascular diseases (CVD) due to comorbid conditions. According to the National Statistical Office report, the elderly population in Asia Pacific was 138 million in 2021 and is projected to reach 194 million by 2021. Additionally, the number of individuals aged 80 years and above is expected to double by 2050, surpassing 1.5 billion globally.
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Report ID: SQMIG35A2364