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.
In depth research report on Anesthesia Monitoring Devices
Market
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.
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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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