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.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/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.
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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 of this research report - http://www.grandviewresearch.com/press-release/global-anesthesia-monitoring-devices-market
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