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.
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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