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Cerebral And Tissue Oximetry Devices Market size is set to grow by USD 96.3 million from 2024-2028, Growing use of cerebral and tissue oximetry devices in cardiac surgical procedures boost the market, AI Role and Impact, Technavio

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NEW YORK, Aug. 22, 2024 /PRNewswire/ — The global cerebral and tissue oximetry devices market size is estimated to grow by USD 96.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.08%  during the forecast period. Growing use of cerebral and tissue oximetry devices in cardiac surgical procedures is driving market growth, with a trend towards technological advances in cerebral and tissue oximetry devices. However, high cost of cerebral and tissue oximetry devices  poses a challenge. Key market players include Artinis Medical Systems, Boston Scientific Corp., Edwards Lifesciences Corp., GE Healthcare Technologies Inc., Hamamatsu Photonics KK, HyperMed Imaging Inc., ISS Inc., Masimo Corp., Medtronic Plc, Moor Instruments Ltd., Nonin Medical Inc., Sotera Health Co., Spectros Medical Devices Inc., Terumo Corp., and ViOptix Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Cerebral And Tissue Oximetry Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.08%

Market growth 2024-2028

USD 96.3 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

7.3

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 37%

Key countries

US, China, Germany, France, and Japan

Key companies profiled

Artinis Medical Systems, Boston Scientific Corp., Edwards Lifesciences Corp., GE Healthcare Technologies Inc., Hamamatsu Photonics KK, HyperMed Imaging Inc., ISS Inc., Masimo Corp., Medtronic Plc, Moor Instruments Ltd., Nonin Medical Inc., Sotera Health Co., Spectros Medical Devices Inc., Terumo Corp., and ViOptix Inc.

Market Driver

The cerebral and tissue oximetry devices market is witnessing significant advancements, driven by vendors’ focus on offering innovative products with enhanced features and benefits. Technological progressions, such as the adoption of diffuse correlation spectroscopy (DCS) technology for sensitive and rapid blood flow measurements and cerebral metabolism ratio of oxygen in deeply located tissues, are key factors fueling market growth. Vendors are also integrating continuous-wave light sources instead of pulsed laser and frequency-modulated approaches to reduce costs. Notable technology offerings include Medtronic’s INVOS TECHNOLOGY, which provides multi-sensor monitoring and real-time data on the balance of oxygen supply and demand using a 3:1 ratio of venous and arterial blood. Edward Lifesciences’ LASER-SIGHT optical technology increases the accuracy and reliability of cerebral and tissue oximetry devices by using five precise wavelengths of NIRS. Nonin Medical’s EQUANOX technology offers six channels for simultaneous monitoring of peripheral oxygen saturation (SpO2) and rSO2, along with dual detector and dual emitter sensors for enhanced accuracy. These advancements in NIRS technologies are crucial for end-users seeking precise and accurate measurements for routine healthcare operations. The increasing adoption of cerebral and tissue oximetry devices is expected to significantly boost the growth of the global cerebral and tissue oximetry devices market during the forecast period. 

The Cerebral and Tissue Oximetry Devices market is witnessing significant growth due to the increasing focus on monitoring oxygen saturation levels in various medical settings. Minimally invasive procedures using portable cerebral oximeter monitors are becoming popular among physicians for measuring cerebral oxygenation levels in cerebral tissues. These devices use sensors, a cable, oximeter probe, and a light detector with a fiber-optic light source to measure oxygen levels in the brain. The geriatric population and those with neurodegenerative diseases are major users of these devices. Oxygen saturation monitoring is essential during surgeries, ICUs, research settings, neonatal care, and for premature infants. Sensor technologies and data analytics are trending in this market, enabling real-time monitoring and improved patient care. Cerebral oximetry devices are used to monitor oxygen saturation levels in muscles, liver, and other tissues, besides the brain. These devices are available as tabletop models and portable, handheld units, catering to diverse requirements in hospitals and other healthcare facilities. 

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Market Challenges

The cost is a crucial factor for end-users when purchasing cerebral and tissue oximetry devices. The expense related to components and overall system hardware, including monitors, sensors, mounting options, and maintenance, significantly influences their buying decision. Advanced technologies, such as Near Infrared Spectroscopy (NIRS), used in these devices for accurate blood oxygenation monitoring, increase the overall cost. Monitors range from USD12,000 to USD25,000, and mounting options like wall mounts and roll stands can cost up to USD1,000. Sensor costs vary, with adult sensors priced between USD50 and USD100, and pediatric/infant sensors costing USD100USD150. Maintenance costs, primarily battery replacements, range from USD450 to USD550. Large-scale hospitals and clinical settings can justify these investments, but small healthcare facilities face challenges justifying the costs, potentially hindering the adoption and growth of the global cerebral and tissue oximetry devices market.The Cerebral and Tissue Oximetry Devices market is witnessing significant growth due to the increasing demand for non-invasive monitoring of oxygen saturation levels in various medical settings. These devices use sensors to measure tissue oxygen levels in muscles, liver, and during surgeries in ICUs, research settings, neonatal care, and premature infants. Sensor technologies and data analytics play a crucial role in providing real-time data for surgical procedures in operating rooms and outpatient settings. However, high device costs and complex reimbursement policies pose challenges to market growth. User-friendly design, portability, and flexibility are essential features for end-users. Tabletop devices are common in hospitals, while handheld devices offer convenience for healthcare professionals in diverse medical specialties, including neurological conditions, cardiovascular disorders, and heart disease. AI integration, wireless connectivity, and data analysis capabilities are emerging trends, enabling home healthcare and mobile monitoring systems for chronic diseases like peripheral artery disease. Surgeons and healthcare professionals rely on these devices for real-time data during surgeries, enhancing patient safety and outcomes.

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Segment Overview 

This cerebral and tissue oximetry devices market report extensively covers market segmentation by  

Product 1.1 Modular devices1.2 Handheld devicesEnd-user 2.1 Hospitals2.2 ClinicsGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Modular devices-  Handheld cerebral and tissue oximetry devices are compact, next-generation tools that provide instantaneous oxygen level measurements in blood without requiring direct patient contact or external connections to sensors and monitors. Advanced compatibility features enable these devices to pair with modular offerings from vendors, creating comprehensive solutions for medical practitioners during pre-operative, intra-operative, and postoperative assessments. Paired devices allow for real-time monitoring and decision-making during surgeries, saving valuable time. Proprietary spectrometer technology, such as HyperMed Imaging’s HyperView and ViOptix’s Intra.Ox, sets handheld devices apart from standard-of-care diagnostic imaging tools, which cannot distinguish oxygenated and deoxygenated hemoglobin. This advantage, along with applications in vascular procedures, wound care, and reconstructive surgeries, is fueling market growth for handheld cerebral and tissue oximetry devices.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Cerebral and tissue oximetry devices measure oxygen saturation levels in cerebral tissues, including muscles and the liver. These devices are essential in various settings such as surgeries in ICUs, research settings, neonatal care for premature infants, and outpatient settings. Surgical procedures and operating rooms particularly benefit from real-time monitoring of cerebral oxygenation levels to ensure optimal patient care. High device costs and complex reimbursement policies pose challenges to widespread adoption. Advancements in technology include AI integration and wireless connectivity, enabling seamless integration into medical specialties treating chronic diseases and neurological conditions. Physicians rely on cerebral oximeter monitors, which include a cable and oximeter probe, typically placed on the forehead area. The device utilizes a light detector and fiber-optic light source to assess oxygen saturation levels in cerebral tissues.

Market Research Overview

Cerebral and tissue oximetry devices are non-invasive tools used to measure oxygen saturation levels in various tissues, including muscles, liver, and cerebral tissues. These devices use sensors to detect the amount of oxygen in the tissue based on the amount of light absorbed. They are used in various settings such as surgeries, ICUs, research settings, neonatal care, and home healthcare. Premature infants and patients with chronic diseases, neurological conditions, and cardiovascular disorders benefit from these devices. Sensor technologies have advanced to include data analytics, AI integration, and wireless connectivity, making them user-friendly, portable, and flexible. Handheld devices and tabletop devices are popular due to their portability and real-time data capabilities. High device costs and reimbursement policies are challenges in the market. These devices are used in surgical procedures, operating rooms, outpatient settings, and minimally invasive procedures. Surgeons and healthcare professionals rely on cerebral oximeter monitors to monitor cerebral oxygenation levels in the brain, especially during cardiac surgeries and cardiovascular diseases. Geriatric population with neurodegenerative diseases also benefits from these devices. Oxygen saturation levels are essential indicators of tissue health, and these devices provide valuable information for medical specialties to make informed decisions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductModular DevicesHandheld DevicesEnd-userHospitalsClinicsGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Trainocate Wins Cisco Learning Partner of the Year – APJC for Second Consecutive Year

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BANGALORE, India, Nov. 15, 2024 /PRNewswire/ — Trainocate Holdings, a leading global provider of technology and business training solutions, today announced that it has been awarded the Cisco Learning Partner of the Year 2024 for Asia Pacific, Japan, and China (APJC) for the second year in a row.

This prestigious award recognizes Trainocate’s outstanding performance, commitment to customer success, and dedication to delivering high-quality Cisco training programs across the region.

“To be recognized once was an honour beyond words, but to be bestowed this distinction again is truly humbling and a testament to the unwavering support and encouragement of those who have walked this journey with us,” said Takashi Ozawa, President & CEO of Trainocate Holdings. “We are deeply grateful for everyone who has been a part of our success. This award reflects our core values of collaboration, excellence, and customer centricity, and it inspires us to continue upholding them in everything we do.”

“Receiving the Cisco Learning Partner of the Year award for a second consecutive year is a true reflection of our team’s dedication and our unwavering pursuit of excellence,” said Khor Hee Soo, CTO of Trainocate Holdings, Managing Director for India, and Chairman for Sri Lanka and UAE. “This recognition not only celebrates the hard work of everyone at Trainocate but also reinforces our commitment to empowering individuals and organizations across the APJC region with transformative learning solutions. We are deeply grateful to Cisco for their partnership and look forward to continuing our journey of innovation and impact in the learning and development space.”

During the award ceremony held on 23 October 2024, Cisco highlighted Trainocate’s impressive achievements within the past year, including:

32% of Instructor-Led Training (ILT) seats sold in the APJC region.45% of Cisco U subscriptions sold in the APJC region.Exceptional learner satisfaction on score of 94%.

These accomplishments demonstrate Trainocate’s strong track record of delivering impactful and engaging learning experiences that help professionals achieve their career goals and organizations drive digital transformation.

As a Cisco Platinum Learning Partner, Trainocate offers a comprehensive portfolio of authorized Cisco training courses, certifications, and learning solutions. With over 29 years of experience, Trainocate is a trusted partner for organizations seeking to upskill their workforce and stay ahead of the curve in today’s rapidly evolving technology landscape.

About Trainocate Holdings

Trainocate Holdings is a leading provider of IT and professional training, offering a comprehensive range of courses and certifications across various domains.

Boasting a global presence in 22 countries (and counting!) and a commitment to excellence, Trainocate empowers individuals and organizations to achieve their full potential through continuous learning and development.

With 30+ authorized training partnerships and countless awards from leading technology vendors, you’re guaranteed learning from the industry’s elite when you #GetTrainocated.

For more information, visit Trainocate’s website www.trainocate.com.

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Can Independent Physicians Survive in 2025?

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Learn How at an Exclusive Webinar on Nov. 20th Hosted by Medical Economics and Specialdocs 

CHICAGO, Nov. 14, 2024 /PRNewswire/ — In healthcare change is inevitable, but for independent physicians already facing an uncertain economic forecast in 2025, the prospect of a new administration is sparking even more concern. To help decipher the implications of an ever-evolving regulatory and reimbursement landscape, Medical Economics has teamed up with Terry Bauer, CEO of concierge medicine pioneer Specialdocs Consultants, and Max Reiboldt, Chairman of leading healthcare advisory, Coker, to present an exclusive, informational webinar for physicians on November 20th. Bauer and Reiboldt bring insights gained collectively over more than a century advising physicians on career strategies, to address the headwinds that threaten to topple private medical practices, and explain why concierge medicine offers one of today’s most viable pathways to retaining independence. 

Prominent healthcare industry experts share how physicians can thrive in 2025: join our complimentary webinar on Nov. 20th.

CLICK HERE to register for “2025 Forecast for Physicians: Financial Headwinds, Continued Burnout, and How Concierge Medicine May Be the Cure for What Ails You” at 7 pm CST/8 pm EST on Wednesday, November 20th.

“Now representing just 22% of all practices,1 the independent physician is in danger of disappearing altogether amid unrelenting financial, professional and personal pressures,” says Bauer. “Among other challenges, rising costs to operate a traditional practice and continual cuts to Medicare reimbursements have contributed to an overall 29% downward slide in Medicare compensation over the last two decades.”2

He continues: “Yet we know that a change to our membership medicine model can prove lifesaving, restoring practice sustainability and ushering in a new era of unparalleled career satisfaction. We’ve long championed this solution for physicians in private practice, who have been consistently unappreciated for the very real value they bring to their patients and the health system.” 

Adds Reiboldt: “Physicians in private practice are still a cornerstone of our healthcare system yet are facing challenges that threaten their existence. More and more physicians are affiliating with capital and/or strategic partners, which is not a bad thing but still threatens their independence and private structure.”

A number of crucial issues will be examined during the webinar. “We will approach these with sensitivity as all providers (physicians, health systems, private and public investors, et al) share in both the credit and the blame for our current state of affairs,” says Reiboldt.

Topics will include:

The new administration’s approach to lowering costs, reducing regulatory barriers to consolidation and expanding price transparency mandates for healthcare services.Future use of AI and other technologies to drive greater efficiencies, quality of care.The outlook for primary care providers and programs such as Medicare Advantage, risk-based reimbursement, quality incentives.How upcoming changes in reimbursement and regulations impact the financial viability of traditional practices.Strategies for maintaining or regaining independence as a practitioner; concierge medicine as a model offering sustainable financial security and work-life balance.

About Our Speakers

Terry Bauer is CEO of Specialdocs Consultants. With more than three decades of healthcare leadership experience, Terry has a reputation for bringing about positive change as a strategist, builder, and driver of successful, high-performance companies. Terry’s mission at Specialdocs: to elevate the profile and escalate the growth of this firm that has pioneered the transition from traditional to independent concierge medicine practices, with a focus on expanding the reach and portfolio of high-quality services provided to the company’s growing national network of exceptional physicians. Terry’s career includes a long tenure as co-founder, president, CEO, and director of Orion HealthCorp, a national physician services and management organization. He has served on the board of directors of Specialdocs since Shore Capital Partners invested in the firm in 2015, and became CEO of the company in 2016.

Max Reiboldt, CPA, is Chairman of Coker. His 45 years of work in business and industry, primarily involving healthcare providers, has given him invaluable experience. He handles strategic, tactical, financial, and management issues that health systems, physicians, and other healthcare entities and/or investors face in today’s evolving marketplace. Max understands the nuances of the healthcare industry in a dynamic age, and how healthcare organizations need to maintain viability in a highly competitive market. Whether a transitional provider or a more trailblazing healthcare entity, Max works to provide sound solutions to everyday and long-range challenges with a hands-on approach much valued by his clients. Max oversees Coker’s services as part of the Executive Committee, and maintains his passion for working with clients and organizations of all sizes.

Physician’s Advocacy Institute reportAMA 2024 Medicare Updates

Media Contact:
Mindy Kolof
mkolof@specialdocs.com 
8479213271

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Rokid Glasses: Where AI Meets AR, Rivaling Meta’s Ray-Ban in an Exclusive Unveiling at Rokid Jungle 2024

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REDWOOD CITY, Calif., Nov. 14, 2024 /PRNewswire/ — Rokid is poised to unveil its groundbreaking next-generation smart glasses, the Rokid Glasses, at the highly anticipated Rokid Jungle 2024 event, set to take place on 18 November in Hangzhou, China. Seamlessly integrating cutting-edge artificial intelligence with augmented reality, Rokid Glasses represent the pinnacle of innovation. As the most eagerly awaited event in the augmented reality calendar, Rokid Jungle 2024 is destined to be the largest and most consequential gathering of its kind on the global stage. With an impressive turnout expected of over 1,000 distinguished attendees, the event will serve as a landmark occasion, bringing together partners, visionaries, and industry leaders. The launch of the Rokid Glasses promises to elevate the smart daily experience to unprecedented heights, setting new standards in the realm of wearable technology.

Rokid Glasses: Transforming AI and AR into an Essential Daily Gadget for All
Rokid Glasses combine style, comfort, and lightweight design with intuitive, AI-powered features. Integrated with Alibaba’s Tongyi Qianwen AI, Rokid Glasses offer a range of capabilities, including object recognition, text translation, and even solving complex math problems. It can calculate the calorie content of food or provide real-time language translation, making it an indispensable tool for travelers.

Empowered by Zhi Xiaobao, Alibaba’s AI assistant, Rokid Glasses allow users to take full control of their world with simple voice commands, whether booking a ride or ordering a coffee. The advanced voiceprint recognition technology also facilitates secure payments via Alipay, ensuring a seamless and trusted connection to the user’s phone. Alipay’s cutting-edge AI audio detection technology guarantees top-tier security and fraud prevention during transactions.

A standout feature of Rokid Glasses is the ability to view message notifications directly through the glasses, effectively replacing the need for a phone screen. This functionality hints at a future where Rokid Glasses may evolve into a central hub of daily life, potentially replacing smartphones altogether as an essential tech gadget. “We’ve crafted our new glasses to redefine the user experience, bringing the world’s first AI+AR glasses to daily life,” says Misa Zhu, Founder and CEO of Rokid. “Our mission is to make high-quality AI+AR glasses accessible to everyone, and this launch marks a bold step in that direction.” True to Rokid’s ethos of Leave Nobody Behind, the Rokid Glasses bridge gaps in accessibility, usability, and comfort, ensuring that everyone can experience the transformative power of innovation.

Rokid’s Role to Impact Global Tech Arena and Its Commitments for leading AR Industry
Rokid is making significant strides in transforming the museum experience using augmented reality (AR) technology to enhance visitor engagement. By providing immersive, interactive experiences, Rokid brings historical artifacts and exhibitions to life in exciting new ways. With over 2.5 million users benefiting from its AR glasses and more than 300,000 of these users have made actual purchases and are actively engaged with the devices. Even more striking is the fact that Rokid users spend an average of 2 hours and 45 minutes daily with Rokid glasses—this not only underscores the strong appeal of Rokid’s products but also reflects the growing consumer interest in and adoption of augmented reality technology.

Rokid’s ecosystem continues to flourish, with over 6,200 registered developers, highlighting the company’s significant progress in cultivating an open and thriving ecosystem. As the race in augmented reality heats up, major players are competing for dominance in this rapidly evolving space. With AR technology expanding its global footprint, the question remains: who will emerge as the true leader in the AR industry? While the collaboration between Ray-Ban and Meta has brought new energy to the smart glasses market, Meta continues to face challenges. Despite a decade of investment in XR, VR, and AR, Meta has made strides with VR hardware like the Meta Quest but still struggles with slow user adoption and limited AR functionality.

Rokid Jungle 2024: A Decade of Breaking Boundaries in Augmented Reality
Rokid Jungle 2024 commemorates a significant milestone: Rokid’s 10th anniversary and the beginning of the next decade of AR innovation. From its founding in 2014, Rokid has maintained a relentless focus on human-computer interaction, driving the evolution of AR technology through unwavering dedication to innovation. From setting industry standards with the original Rokid Glass to the highly regarded consumer product Rokid Air, and now with the trendsetting AR Studio and AR Lite, Rokid has played a key role in propelling the AR industry forward.

With the launch of the latest Rokid Glasses, the company reaffirms its leadership in the new wave of AR technological innovation. To mark this remarkable milestone, Rokid is delighted to offer a $20 benefit on all purchases made via the official website, using the code ROKID10 at checkout. Looking ahead, Rokid is thrilled to showcase its innovations at CES 2025, where will continue to lead the charge in AR technology. Rokid looks forward to seeing you there and sharing the next chapter of this exciting journey.

Email: pr@rokid.com
Rokid Official Website https://global.rokid.com/

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