Anesthesia Monitoring Devices Market Is Projected To Reached $1.9 Billion By 2024

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 spiralling 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 anaesthetics drug, the appropriate route of administration, and the right dose of the anaesthetics 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 anaesthetics agent.

Access Full Research Report on Anesthesia Monitoring Devices Market: 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 favourable 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.

View More Related Reports by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented Global 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
• Anesthesia Gas Monitors
• Monitors Measuring Depth of Anesthesia
• Standalone Capnography Monitors
• 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
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

View Press Release on Global Anesthesia Monitoring Devices Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-anesthesia-monitoring-devices-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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