Press release
Anesthesia Monitoring Devices Market: Growth and Opportunities in Global Industry by 2024
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The document includes an explanation of the market drivers and restraints along with an assessment of the various challenges and restraints. Analysts have reviewed the global anesthesia monitoring devices market with Porter’s five forces analysis to determine the nature of competition and the course vendors must take to stay ahead of the competition.
Anesthesia is used for making patients insensitive to pain while performing surgical procedures. Oftentimes, it makes the person unconscious as well. Anesthesia monitoring devices are used to check the patient’s response to anesthesia during surgeries, thus allowing anesthesiologists to administer the right dosage.
Various devices used for monitoring anesthesia are basic anesthesia monitors, integrated anesthesia workstation, and advanced anesthesia monitors, and other that are IT-enabled. Out of these, the advanced anesthesia monitors are further sub-segmented into gas monitors, depth of anesthesia, MRI compatible anesthesia monitors, and standalone capnography monitors. These anesthesia monitoring devices are expected to gain momentum as they facilitate accurate monitoring of anesthesia in a patient.
The various methods used for monitoring anesthesia are EEG monitors, ECG, bi-spectral index (BIS) obtained from EEG, temperature monitors, and oxygen and carbon dioxide analyzers. Some of the major end users of anesthesia monitoring devices are ambulatory surgical centers, hospitals, clinics, and nursing homes. Hospitals and ambulatory service centers are expected to show a spike in the demand for anesthesia monitoring devices due to improved health care infrastructure and growing number of skilled personnel.
The global anesthesia monitoring devices market is segmented on the basis of geography into North America, Latin America, Eastern Europe, Asia Pacific, the Middle East and Africa, Western Europe, and Eastern Europe. Of these, North America is expected to hold a significant share in the overall market as surgeries are on the upswing. This regional market will also benefit from growing developments in health care infrastructure.
Asia Pacific is also estimated to an emerging region in the global market as the region boasts a huge population base with unmet medical needs. The growing investments in healthcare and supportive reimbursement policies are also expected to boost the number of surgeries, which, in turn, will augment the demand for anesthesia monitoring devices.
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Some of the leading players operating in the global anesthesia monitoring devices market are Intersurgical Limited, Baxter International, Inc., Draegerwerk AG & Co. KGaA, Cardinal Health, GE Healthcare, Heyer Medical AG, Mindray Medical International Limited, Medtronic, Inc., Nihon Kohden Corporation, Smiths Medical, Inc., and Philips Healthcare. The improving line of products is anticipated to be the significant factor determining the progress of these players in the global market during the forecast period.
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