Anesthesia Monitoring Device Market Industry Trends, Estimation & Forecast, 2018 - 2025

Anesthesia in basic terms is insensitivity to pain. It is used to induce unconsciousness during surgery. The anesthesia monitoring devices are used to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed and it differs in every case. These devices help the anesthetics to monitor the dose of anesthesia. Proper monitoring of the patient reduces the risks involved in anesthesia and surgery.

The growth of this market is primarily driven by the growing patient pool in hospitals in the US and the increasing number of surgeries. However, the high installation and maintenance costs of depth of anesthesia monitoring devices are expected to restrain the growth of this market in the coming years.

The global anesthesia monitoring devices market is experiencing robust growth owing to the rising clinical importance of monitored administration of anesthesia in care units. The number of surgical procedures using anesthesia are increasing by 6.5% every year

“The Global Anesthesia Monitoring Device market was valued at USD 1128.3 million in 2018 and it is expected to reach more than USD 2623.8 million by 2025, likely to grow with a CAGR of XX % during the forecast period”

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The Anesthesia monitoring devices global market by device type, Depth of Anesthesia monitors commanded the largest revenue in 2017 and are expected to grow at the highest CAGR from 2018 to 2025. Depth of anesthesia monitoring is used for the individuals to permit accurate drug administration against the measured state of arousal of the patient. However, Hospitals accounted for the largest share of the anesthesia monitoring market, by end-user, in 2018. The growing patient pool in hospitals and the increasing number of surgeries are the major factors that are expected to drive the demand for depth of anesthesia monitoring products in hospitals in the US in the coming years.

North America is observed to be the largest anesthesia monitoring devices market

The growing number of surgeries which has raised awareness among surgeons about the benefits of anesthesia monitoring devices. Also due to extensive technological advancements and rising competition in the market, there is a demand for sophisticated and persistent technological advancements for better results. Asia Pacific is also expected to witness high growth due to the unmet wants of large populations and the developing healthcare network which is expected to impulse the growth of anesthesia monitoring devices in this region. Moreover, the reimbursement facilities, government funding sources, and increased healthcare awareness has also made easier the usage of advanced techniques in anesthesia monitoring.

The report includes mergers & acquisitions, recent developments and new product launches of leading players in the market. New collaborative developments and new product techniques are some strategic initiatives taken by the industries to retain oneself in the competition.

Some of the major players in the anesthesia monitoring devices market are Mindray Medical International Limited (China), Drägerwerk AG & Co. KGaA (Germany), GE Healthcare (U.K.), Koninklijke Philips N.V. (The Netherlands), Schiller AG (Switzerland), Criticare Systems, Inc. (U.S.), HEYER Medical AG (Germany), Infinium Medical, Inc. (U.S.), Siare Engineering International Group S.r.l. (Italy), Nihon Kohden Corporation (Japan), Fukuda Denshi (Japan), General Meditech, Inc. (China), Skanray Healthcare Private Limited (India), and Medtronic (U.S.), among others.

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