Advance Anesthesia Monitoring Devices Market Research Report - Forecast to 2032

Advance Anesthesia Monitoring Devices Market research report: by type of product (basic anesthesia monitors, advanced anesthesia monitors, integrated anesthesia workstations), End users (hospitals, private clinics, ambulatory services and others) - Forecast till 2032

ID: MRFR/MED/0565-HCR | 105 Pages | Author: Kinjoll Dey | March 2024         

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Advanced Anesthesia Monitoring Devices Market Overview

 The Advance Anesthesia Monitoring Devices Market is expected to reach USD 1.3 billion by 2032 at 10.9% CAGR during the forecast period 2023-2032. 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.

Segmentation


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 (%) advance anesthesia monitoring devices Annual reports, press release, white paper, company presentation


Regional Analysis


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.


Increasing number of surgeries and developing economies will trigger the growth of this market in Asia Pacific region. The Middle East & Africa holds the lowest share in the anesthesia monitoring devices market.Recent Development

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.


Intended Audience



  • Research and Development (R&D) Companies

  • Government and Independent Research Laboratories

  • Anesthesia monitoring devices manufacturers and suppliers

  • Government and Independent Regulatory Authorities

  • Academic Medical Institutes and Universities


Market Assessment Market Assessment



  • Annual reports, World Health Organization (WHO), white paper, company presentation


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.


Report Scope:

Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1.3 billion
  CAGR   10.9%
  Base Year   2021
  Forecast Period   2023-2032
  Historical Data   2020
  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 ·  Increasing number of surgeries ·  Continuous development in the field of the anesthesia monitoring devices ·  Increasing demand for the better monitoring devices
 



Frequently Asked Questions (FAQ) :

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 2023-2032.

Increasing number of surgical procedures is likely to be a major driver for the Advance Anesthesia Monitoring Devices Market

Leading players in the market include Nihon Kohden Corporation, GE, and Masimo, among others.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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