The rising incidence and cases of brain diseases and disorders such as traumatic brain injury (TBI), strokes and others, coupled with the high demand for the brain tissue oxygen monitoring systems are the prime drivers of brain tissue oxygen monitoring system market.
Fact.MR’s ongoing survey of clinical EHR systems market study forecasts a strong growth trajectory for the FY 2021-22, building upon the already prevailing upward trend since 2020 in the midst of heavy reliance on digital platforms to cope with the coronavirus pandemic crisis. Future adoption is only expected to incline, ushering in a healthy growth pattern through 2028.
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Brain Tissue Oxygen Monitoring Systems Market: Drivers and Restraints
The rising incidence and cases of brain diseases and disorders such as traumatic brain injury (TBI), strokes and others, coupled with the high demand for the brain tissue oxygen monitoring systems are the prime drivers of the brain tissue oxygen monitoring system market. According to the Centers for Disease Control and Prevention (CDC), about 2.8 million TBI-related hospitalisations and deaths occurred in the U.S. in 2016, which amounted to 50,000 deaths. The CDC data also reveals an astonishing increase in TBI-related hospitalisations, which grew by 47% during a span of six years from 2010 to 2016.
The measurement of oxygen partial pressure in the brain is critical to the prognosis and treatment of patients as there is no definitive curative treatment for brain trauma, which is the clinical driver of the brain tissue oxygen monitoring systems market. Brain oxygen is a key parameter of mortality in traumatic brain injury as even small periods of hypoxia and hypotension can significantly boost mortality. Thus the low elasticity of demand for brain tissue oxygen monitoring systems is expected to propel the brain tissue oxygen monitoring systems market to attractive growth.
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Brain Tissue Oxygen Monitoring Systems Market: Segmentation
The global brain tissue oxygen monitoring systems market is segmented based on mechanism, distribution channel and region.
Based on mechanism, the global brain tissue oxygen monitoring systems market is segmented into:
- Clark electrode technology
- Fluorescence and Fiberoptic luminescence quenching technology
Based on portability, the global brain tissue oxygen monitoring systems market is segmented into:
- Non-portable
- Portable
Based on end user, the global brain tissue oxygen monitoring systems market is segmented into:
- Hospitals
- Neurology clinics
- Ambulatory Care Centres
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Brain Tissue Oxygen Monitoring Systems Market: Key Players
Some of the major vendors operating in the global brain tissue oxygen monitoring systems market are Integra LifeSciences Corporation; Hamamatsu Photonics K.K.; Medtronic; Scintica Instrumentation, Inc.; CARDION s r.o.; Oxford Optronix Ltd., RAUMEDIC AG among others.
Important doubts related to the Brain Tissue Oxygen Monitoring Systems Market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the keyword market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
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