The anesthesia monitoring devices market is expected to reach USD 1.9 billion by
2024, according to a new report by Grand View Research, Inc. The growing
geriatric population base and the spiraling number of surgeries are anticipated
to boost the market growth. Geriatric patients are the target population for
this industry as they are highly prone to various chronic disorders and are at
a higher risk of developing complications.
The rising awareness
amongst the physicians about the various factors that affect patient outcomes,
such as the choice of anesthetic drug, the appropriate route of administration,
and the right dose of the anesthetic agent, as well as the monitoring of the
depth of anesthesia is likely to accelerate the growth of the market during the
forecast period.
Technological
advancements in terms of accuracy, portability, and affordability have resulted
in the increased usage of these monitoring devices. For instance, the
introduction of the new generation, microprocessor-based intelligent anesthesia
systems with integrated monitors enables monitoring of various parameters along
with the precisely-controlled administration of the anesthetic agent.
Browse full report by Grand View
Research:
Further key findings from the study suggest:
·
Amongst the product type segments, the
advanced anesthesia monitors segment held a lucrative share of over 60.0% in
2015 owing to its durability, reliability, and accuracy. Moreover, these
devices monitor various significant parameters such as oxygen saturation level,
carbon dioxide level, heart rate, and blood pressure.
·
The hospitals in the end-use segment
exhibited remunerative growth in 2015; this can be attributed to the presence
of advanced diagnostic and therapeutic medical technologies that enables both,
faster and accurate diagnosis. Moreover, the availability of these advanced
systems coupled with the presence of skilled personnel contributes towards
profitable growth of this segment.
·
North America dominated the overall market
with a revenue share of over 35.0% in 2015 owing to the presence of
well-developed health care settings and the presence of a favorable
reimbursement network, government funding, and increasing health awareness
levels amongst the people.
·
However, Asia Pacific is anticipated to be
the fastest growing region with a CAGR of about 11.0% over the forecast period.
The economic developments and the advancing healthcare system with the aid of
supportive government initiatives are collectively anticipated to further
assist the growth in this region.
·
Some key players operating in the
anesthesia monitoring devices market include Masimo Corporation, Infinium
Medical, Inc., Medtronic plc, GE Healthcare, Nihon Kohden Corporation, Philips
Healthcare, Mindray Medical International Ltd., Drägerwerk AG &
Co. KGaA, and Schiller AG. New product development, mergers, and
collaborations are some key initiatives taken to sustain themselves in the
competition.
·
For instance, Masimo Corporation
incorporated Oxygen Reverse Index (ORI) which measures the oxygen levels and
provides real-time information with regard to the patient’s oxygen reserve in
synchronization with the partial pressure of oxygen to prevent hyperoxia
conditions (oxygen levels above normal) in patients that are receiving
auxiliary oxygen supply whilst undergoing surgery.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented anesthesia monitoring devices market on the basis of product type,
end-use, and region.
Global Anesthesia Monitoring Devices Market By Product
Revenue, (USD Million) 2013 - 2024
·
Advanced Anesthesia Monitors
o Anesthesia Gas Monitors
o Monitors Measuring Depth of Anesthesia
o Standalone Capnography Monitors
o Others
·
Basic Anesthesia Monitors
·
Integrated Anesthesia Monitors
Global Anesthesia Monitoring Devices Market By End-Use
Revenue, (USD Million) 2013 - 2024
·
Hospitals
·
Ambulatory Settings
·
Others
Anesthesia Monitoring Devices Market By Region Revenue,
(USD Million) 2013 - 2024
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
·
Latin America
o Brazil
o Mexico
·
MEA
o South Africa
o Saudi Arabia
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-anesthesia-monitoring-devices-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
