ID: MRFR/MED/0565-HCR | 105 Pages | Published By Kinjoll Dey on March 2023
Advance anesthesia monitoring devices market is expected to growth of USD 1069.87 Million at a CAGR of 10.9% during the forecast period
Advanced Anesthesia Monitoring Devices Market Overview The Advance Anesthesia Monitoring Devices Market is expected to reach USD 1069.87 Million by 2030 at 10.9% CAGR during the forecast period 2022-2030. A medical monitor is a gadget that contains one or more sensors and processing components and is used to monitor patients. Anesthesia is a pain-insensitive agent used to render a patient unconscious during surgery. During the surgical procedure, advanced anesthetic monitoring equipment is employed to examine the patient's response to the anesthetic. The market for advanced anesthesia monitoring devices is growing due to an increase in the number of surgeries performed around the world. Furthermore, continual advancements in the field of anesthetic monitoring devices, as well as rising demand for improved monitoring equipment, have pushed the market forward. Growth in demand for pain-free surgeries and the development of automated record-keeping systems are two further factors boosting the Advance Anesthesia Monitoring Devices Market. Using the same manufacturer for all monitors saves money on parts and improves service. Despite the greater initial cost, modular equipment offers considerable financial benefits because upgrades and module swaps can be done without pulling the entire unit out of service. Anesthesia machines are now equipped with some monitoring devices. This frequently leads to space savings and the integration of machines, monitor data, and alarms. The introduction of various new monitoring techniques, such as monitoring anesthesia depth, goal-directed fluid therapy, advanced neurological monitoring, improved warning devices, and technological advancements in objective pain assessment, are some of the advancements driving the global Advance Anesthesia Monitoring Devices Market.
Global advanced anesthesia monitoring devices market is segmented on the basis of type of product and end users. On the basis the type of product, it is segmented into primary anesthesia monitors, advanced anesthesia monitors, and integrated anesthesia workstations. Advanced anesthesia monitors are sub-segmented into gas monitors, stand-alone capnography monitors, depth of anesthesia, and MRI compatible anesthesia monitors. And on the basis of end users, it is segmented into hospitals, clinics, ambulatory services, and others.
Figure 1- Global Advance Anesthesia Monitoring Devices Market share by end users, 2016 (%) Annual reports, press release, white paper, company presentation
On the regional basis, the advance anesthesia monitoring devices market is segmented into America, Europe, Asia Pacific and the Middle East & Africa. America accounts for the largest market due to the higher use of the anesthesia monitoring devices and favorable conditions for research and development. Additionally, increasing expenditure in the medical sector and increasing private hospitals driving the market in this region. Europe is the second largest market for advanced anesthesia monitoring devices followed by Asia Pacific. Improving technology in medical domain and more advancement in improving anesthesia monitoring devices market will also boost the growth of the advance anesthesia monitoring devices market.
BioIntelliSense, a clinical intelligence firm, increased its remote care technologies portfolio in March 2022 with the debut of BioButton, a new rechargeable wearable monitoring gadget.
MDoloris Medical Systems received regulatory approval in Japan for its HFVI MOC-9 high-frequency variability index monitor in November 2021. In Japan, the HFVI MOC-9 technology is reported to be the first monitoring solution for analgosedation and anesthetic patients.
Key Players in global advance anaesthesia monitoring devices market
NIHON KOHDEN CORPORATION (China), General Electric Company (U.S.), Masimo (U.S.), INFINIUMMEDICAL (U.S.), Medtronic (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Sedana Medical AB (Sweden), Drägerwerk AG & Co. KGaA. (Germany), Smiths Medical (U.K.), OSI Systems (U.S.), Maquet Holding B.V. & Co. KG. (Germany), Teleflex Incorporated (U.S.), ResMed (U.S.), Getinge AB (Sweden), Fisher & Paykel Healthcare Limited (New Zealand), Phillips Plastics Corporation. (The Netherland), Intersurgical Ltd (U.K.).
The report for advance anaesthesia monitoring devices market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the advance anesthesia monitoring devices market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
|Market Size||USD 1069.87 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type of product and End users|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||NIHON KOHDEN CORPORATION (China), General Electric Company (U.S.), Masimo (U.S.), INFINIUMMEDICAL (U.S.), Medtronic (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Sedana Medical AB (Sweden), Drägerwerk AG & Co. KGaA. (Germany), Smiths Medical (U.K.), OSI Systems (U.S.), Maquet Holding B.V. & Co. KG. (Germany), Teleflex Incorporated (U.S.), ResMed (U.S.), Getinge AB (Sweden), Fisher & Paykel Healthcare Limited (New Zealand), Phillips Plastics Corporation. (The Netherland), Intersurgical Ltd (U.K.)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
High costs of Advance Anesthesia Monitoring Devices Market are the major restraint on the market.
Advance Anesthesia Monitoring Devices Market is expected to exhibit a strong 10.9% CAGR over the forecast period from 2022-2030.
Increasing number of surgical procedures is likely to be a major driver for the Advance Anesthesia Monitoring Devices Market
Americas dominate the global market.
Leading players in the market include Nihon Kohden Corporation, GE, and Masimo, among others.