Anesthesia Monitoring Devices Market Revenue Opportunies By Key Vendors Philips Healthcare, Mindray Medical International Limited, Drägerwerk AG & Co. KGAA, Schiller AG, Criticare Systems

Anesthesia monitoring devices are type of patient monitoring devices used during surgery to track vital signs such as heart rate, blood pressure, and temperature of patients under sedation in the operation theater. Anesthesia monitoring devices play an important role during surgery, to reduce the risk involved in anesthesia. According to British Journal of Anaesthesia article 2013 survey, the estimated annual number of general anesthesia were 2,766,600 whereas sedation were given in 308,800 cases in U.K. Modern anesthesia monitoring devices are integrated as a part of workstation with other patient monitoring devices. For example, GE Healthcare’s Aisys Carestation or Draeger Medical India Pvt. Ltd.’s Draeger Primus is integrated in the workstation. Factors such as new product launches and increasing number of surgeries are expected to be the major driver for growth of the anesthesia monitoring devices market.

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Anesthesia Monitoring Devices Market Drivers
Increasing incidence of cardiovascular diseases, chronic diseases, and cancer are expected to increase the number of surgical procedures, which in turn is expected to fuel growth of the anesthesia monitoring devices market during the forecast period. For instance, according to Cancer Research U.K., 359,960 new cancer cases were diagnosed in U.K. in 2015 and 45% of these patients underwent cancer surgery. Increasing incidence of spinal disorders related to old age is also expected to boost growth of the anesthesia monitoring devices market. For instance, according to the National Center for Biotechnology Information (NCBI), in 2007, the global incidence of spinal cord injury was estimated to be 170,312 cases, which increased up to 250,000 to 500,000 cases in 2013. Furthermore, growing number of hospitals is also expected to drive growth of the market. According to American Hospital Association (AHA), an annual survey of hospitals recorded 5,534 total number of registered hospitals in 2017, which increased to 5,564 in 2018, in the U.S.

Market players are also focusing on launching new and advanced data integration systems, which in turn, is expected to contribute to growth of the anesthesia monitoring devices market. For instance, in April 2018, Masimo—a company involved in non-invasive patient monitoring technology-based device manufacturing—launched UniView system—an integrated display of real-time data and alarms—to help data sharing and team coordination between multiple clinics. UniView retrieves information from patient monitors, ventilators, anesthesia gas machines, and IV pumps that can be viewed on central monitors.
Launch of new workstations with novel technology is expected to drive market growth. For instance, according to an article published in Indian Journal of Anesthesia, 2013, new workstations such as Felix Dual anaesthesia workstation by Air Liquide Medical system, Venar Xenon workstation by Chirana Medical, and Tangens 2C by EKU Electronics are integrated with technology that can recycle xenon and reuse it, thus making anesthesia procedure cost-effective.

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Anesthesia Monitoring Devices Market – Competitive Analysis

Key players involved in the anesthesia monitoring devices market include Masimo, Fukuda Denshi, Infinium Medical, Covidien PLC (a subsidiary of Medtronic plc), GE Healthcare, Nihon Kohden Corporation, Philips Healthcare, Mindray Medical International Limited, Drägerwerk AG & Co. KGAA, Schiller AG, Criticare Systems, Inc., and Heyer Medical AG.

Market strategies employed by the market players are adopting inorganic growth strategies such as partnerships and mergers and acquisitions, thus boosting growth of the anesthesia monitoring devices market. For instance, in September 2017, Intuitive Surgical signed MoU with GE Healthcare for offering clinical applications of robotic-assisted surgery, as a part of which GE Healthcare provides the CS600 anesthesia machine.

Anesthesia Monitoring Devices Market Taxonomy
By Product Type
• Advanced Anesthesia Monitor
• Anesthesia Gas Monitors
• Depth of Anesthesia Monitors
• Standalone Capnography Monitors
• MRI Compatible Anesthesia Monitors
• Basic Anesthesia Monitor
By End User
• Hospitals
• Cancer Centers
• Multispecialty Clinics
• Cardiac Centers
• Ambulatory Surgery Centers
By Region
• North America
• Europe
• Latin America
• Asia Pacific
• Middle East
• Africa

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