Global Anesthesia Monitoring Devices Market - Segmented by Products, End Users, Geography - Growth, Trends, and Forecasts (2018 - 2023)
The anesthesia monitoring devices market is expected to witness a CAGR of 13.2% during the forecast period, 2018-2023. The anesthetic monitoring devices are used for the drug and gas delivery to the patient, measure, and display the physiological state of the patient.
Rising Advancements in Anesthesia Technology
The introduction of various new monitoring techniques, such as monitoring the depth of anesthesia, goal-directed fluid therapy, advanced neurological monitoring, improved alarm system, and the technological advancements in the objective pain assessment, are some of the advancements, which are driving the global anesthesia monitoring devices market.
The other factors, which are also driving the market, includes increase in demand for pain-free surgeries and the development of automated record-keeping systems.
Difficulties Associated with the Usage of Anesthesia Devices
There are some restraining factors associated with the usage of anesthesia devices. It was observed that due to their complex nature, it is difficult to check the proper functioning and integrity of the devices. These devices also require proper documentation by the government, for the appropriate servicing of the anesthetic machines, its components, proper maintenance, and servicing and repair. This is also restraining the growth of the market.
The availability of conventional techniques and high cost of anesthesia-monitoring devices are also restraining the market.
North America Dominates the Anesthesia Monitoring Devices Market
Geographically, North America is the highest revenue-contributing region in the market and will continue to grow the anesthesia monitoring devices market in the future. The continuous growth of awareness programs for medical safety is contributing to this market in the North American region. The North America holds the highest market share, which is also being followed by Europe, APAC.
Key Developments in the Market
September 2016: Mindray expanded the optimizer suite functionality for the A7 Anesthesia Workstation, to assist in the real-time monitoring of anesthetic agents
Major Players: MEDTRONIC, MASIMO, NIHON KOHDEN CORPORATION, FUKUDA DENSHI, GE HEALTHCARE, PHILIPS HEALTHCARE, DRÄGERWERK AG & CO. KGAA, HEYER MEDICAL AG, AND MINDRAY MEDICAL INTERNATIONAL LIMITED, amongst others.
Reasons to Purchase the Report
Current and future market outlook for anesthesia monitoring devices, in the developed and emerging markets
Analyze various perspectives on the market, with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth, during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the market estimate sheet (in Excel)
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