Global Cerebral Oximetry Monitoring Market Report and Forecast 2024-2032

Global Cerebral Oximetry Monitoring Market Outlook

The global cerebral oximetry monitoring market size was valued at USD 217.2 million in 2023, driven by the increasing prevalence of chronic diseases across the globe. The market size is anticipated to grow at a CAGR of 7.2% during the forecast period of 2023-2031 to achieve a value of USD 406.2 million by 2032.

Cerebral Oximetry Monitoring: Introduction

Cerebral oximeters are non-invasive and continuous monitoring devices that are used to monitor adequate cerebral oxygenation. They utilize similar physical principles to pulse oximeters. Cerebral oximeters are used to measure tissue oxygen saturation, reflecting haemoglobin saturation in arterial, venous, and capillary blood. Cerebral oximetry measures regional tissue saturation in an area of the frontal cortex of nearly 1 cm3. RSO2 values are affected by the physiologic variables that determine brain oxygen supply and demand.

Cerebral oximeters consist of a monitoring device that is paired with oximeter probes, which are affixed to the patient's scalp with adhesive pads. These probes are generally placed over the frontal lobe region of the scalp. They incorporate fibre optic light sources and light detectors that emit infrared light through either stimulated emission of radiation or light-emitting diodes. The resulting light can penetrate the skull and reach the cerebral tissue below.

Global Cerebral Oximetry Monitoring Market Analysis

The market for cerebral oximetry monitoring has been experiencing significant growth and is expected to continue growing in the forecast period as well. The thriving ageing population and an increase in diseases like cardiovascular and neurological disorders is significantly contributing to the cerebral oximetry monitoring device market share.

The Centers for Disease Control and Prevention (CDC) reports that in the United States alone, nearly 697,000 people have coronary artery disease (CAD) due to lifestyle factors such as smoking, alcohol consumption, and physical inactivity. This rise in CAD cases is expected to increase the demand for cerebral oximetry monitoring devices for safe surgeries. The medical sector is continuously developing and adopting these devices, leading to further market growth. Technological advancements are also expected to boost the cerebral oximetry monitoring device market demand.

Additionally, the increased awareness of combining cerebral oximeters with other technologies is a significant factor driving market growth. Cerebral oximetry monitoring has also been increasingly used in extremely preterm infants to guide treatments for conditions such as low systematic blood flow, low cerebral blood flow, and even risk of ischemia. Such fields can potentially increase the demand for cerebral oximetry monitoring further in the market.

Global Cerebral Oximetry Monitoring Market Segmentations

Market Breakup by Age

• Adult

• Pediatric

Market Breakup by Application

• Cardiac Surgery

• Vascular Surgery

• Others

Market Breakup by End User

• Hospitals

• Specialty Clinics

• Ambulatory Surgical Centres

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Cerebral Oximetry Monitoring Market Overview

The increasing geriatric population and increasing prevalence of chronic diseases are major factors driving the market growth. The increasing awareness about non-invasive monitoring procedures, which is further contributing to the increased demand for such procedures as cerebral oximetry monitoring, is propelling the market growth. The cerebral oximetry monitoring market growth is also driven by continuous technological advancement. Another factor responsible for the growth of the market is the expanded utilization of cerebral oximetry monitoring in several medical specialties such as neurology, cardiovascular surgeries, and anesthesia, among others.

Geographically, North America is leading the global market and is expected to keep leading in the coming years as well. The presence of some of the major key players offering new innovative products and techniques in the region is also a major factor driving the cerebral oximetry monitoring market demand. Cerebral oximetry monitoring is performed to monitor cerebral desaturation in cardiac surgery. The increasing research activities for developing novel cerebral oximeter devices are directly expected to drive the market growth.

Global Cerebral Oximetry Monitoring Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Medtronic

• Masimo 

• Edwards Lifesciences Corporation 

• Nonin 

• ISS, Inc.

• GE Healthcare

• Hamamatsu Photonics K.K.

• Terumo Cardiovascular Systems Corporation

• Mespere LifeSciences

Key Highlights of the Report