Depth of Anesthesia Monitoring Devices Market Growth Opportunities Analysis Report

Overview of Depth of Anesthesia Monitoring Devices Market

Anesthesia depth is defined as the level to which the central nervous system (CNS) has been depressed by various anesthetic agents. Depth of anesthesia monitoring devices help in individualizing anesthesia by allowing or permitting drug administration against the measured state of waking up or arousal of a patient. These devices are used to measure the regularity of the EEG (electroencephalogram), which in turn can be used to understand the exact or estimated depth of anesthesia.

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The global depth of anesthesia monitoring devices market is projected to advance at a steady growth rate during the forecast period from 2022 to 2031, owing to the rise in number of cosmetic and reconstructive surgeries performed across the globe and increase in geriatric population. Moreover, increase in demand for surgeries, which require the monitoring of anesthetic depth, is anticipated to drive the market during the forecast period.

Increase in Surgeries for Osteoporosis and Accident Cases to Drive Global Market

Rise in prevalence of osteoporosis and osteoarthritis; and increase in the number of knee & hip transplantation surgeries are the key factors driving the global market. Osteoporosis is a serious health issue, especially among the geriatric population. The disease is associated with the wear of the hip, knee, wrist, spinal bones, and joints. Osteoporosis accounts for around 8.6 million fractures across the world each year. This health condition is more prevalent in women. According to an estimate by the International Osteoporosis Foundation, 75 million people in Europe, the U.S., and Japan are diagnosed with osteoporosis.

Growth in number of injury cases is propelling the demand for surgical procedures. Road accidents have increased significantly in countries in Asia Pacific. An alarming number of traumatic brain injury cases have been reported in countries such as Thailand, India, Australia, China, and Malaysia. This is driving the importance of monitoring devices for measuring the depth of anesthesia.

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High Prevalence of Chronic Diseases in Geriatric Population Augments Market

Increase in geriatric population is boosting the demand for depth of anesthesia monitoring devices. This can be primarily ascribed to high susceptibility of the geriatric people to chronic diseases. Increase in incidence of cardiovascular, gynecological, neurological, and urological disorders in population aged 65 years or above is a major factor boosting the depth of anesthesia monitoring devices market.

Reduced Risk with Bispectral Index Technology Helps Improve Patient Outcomes

In terms of technology, the global depth of anesthesia monitoring devices market has been classified into bispectral index, entropy, patient state index (PSI), cortical activity index (CAI), and others. The bispectral index segment dominated the global depth of anesthesia monitoring devices market in 2021, accounting for around 57% share. The trend is expected to continue during the forecast period. This is evident as anesthesia monitoring with bispectral index can reduce the recovery time after waking up from anesthesia, primarily by reducing the administration of general anesthetics as well as the risk of adverse events.

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Preference for Module Devices Benefitting Med-tech Companies

In terms of devices, the global depth of anesthesia monitoring devices market has been classified into bundled devices, modules, and standalone devices. The modules segment held significant share of around 45% in 2021. Growth of the segment can be ascribed to the rise in preference for module devices in developed countries to monitor the depth of anesthesia. Market share of depth of anesthesia monitoring devices is expected to grow since the sidestream module is an ideal solution for monitoring anesthesia in procedures that involve infants as well as adults.

Hospitals Emerge as Key End-users of Depth of Anesthesia Monitoring Devices

In terms of end-user, the global market has been divided into clinics & ambulatory surgical centers and hospitals. The hospitals segment dominated the global depth of anesthesia monitoring devices market in 2021, accounting for around 67% share. The segment is expected to grow at the highest CAGR during the forecast period. Hospital is a key channel for the usage of depth of anesthesia monitoring devices. Prominent players in the depth of anesthesia monitoring devices market are increasing distribution of devices in hospitals, since hospitals are expected to conduct automation in the delivery of anesthetics with the help of robust tools and machines in the near future. Manufacturers are increasing R&D activities to carry out innovations in in patient monitoring devices.

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Regional Outlook of Global Depth of Anesthesia Monitoring Devices Market

North America held the largest share of around 42% of the global depth of anesthesia monitoring devices market in 2021. This can be ascribed to an increase in incidence of major chronic diseases, which require surgery for treatment, in the region.

Europe held around 24% share of the global market in 2021. The market in the region is likely to grow at a faster pace during the forecast period, due to an increase in geriatric population, rise in pollution that contributes to a surge in sinus infections, and increase in focus of market players on untapped opportunities in the region.

Asia Pacific accounted for larger share of the global market than Latin America and Middle East & Africa in 2021. However, the market in Latin America is projected to grow at a faster pace than that in Middle East & Africa. Advancement in non-invasive monitoring of anesthesia in operating rooms is contributing to the growth of the market in Asia Pacific, Latin America, and the Middle East & Africa.

Analysis of Key Players in Depth of Anesthesia Monitoring Devices Market

The depth of anesthesia monitoring devices market report concludes with the company profiles section, which includes important information about key players in the global depth of anesthesia monitoring devices market.

Leading players in the global depth of anesthesia monitoring devices market include Medtronic plc, GE Healthcare (General Electric Company), Nihon Kohden Corporation, Koninklijke Philips N.V, Spacelabs Healthcare (OSI Systems, Inc.), Masimo, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and BrainU Co., Ltd.

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Key Developments in Global Depth of Anesthesia Monitoring Devices Market

In February 2022, Masimo received the U.S. FDA approval for SedLine, which is an advanced depth of anesthesia monitor for patients as young as one year old in the U.S.

In January 2020, Medtronic plc acquired Stimgenics, LLC to provide novel treatment for spinal cord stimulation therapy. This move is expected to improve the production and distribution of its products in different countries.
Each of these players has been profiled in the depth of anesthesia monitoring devices market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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