Depth of anesthesia monitoring devices plays a critical role in monitoring a patient's anesthetic dosage during general anesthesia. The market's growth is heavily influenced by the high prevalence of procedures involving the administration of general anesthesia. General anesthesia is widely employed in various surgical procedures, including heart surgery, knee and hip replacement surgery, and brain surgery. Furthermore, it is commonly administered during extensive cosmetic procedures. These factors collectively contribute to the expansion and significance of the depth of anesthesia monitoring market.
According to Data Bridge Market Research, the Depth Of Anesthesia Monitoring Market accounted at USD 252.7 million in 2021 and is expected to reach USD 371.93 million by 2029. The market is expected to grow with a CAGR of 4.95 % in the forecast period of 2022 to 2029.
“Advancements in anesthesia monitoring technology driving market’s growth”
Advancements in anesthesia monitoring technology are propelling the growth of the depth of anesthesia monitoring market. These advancements have led to the development of more sophisticated and accurate monitoring devices, enabling healthcare professionals to effectively assess and regulate the depth of anesthesia during surgical procedures. These monitoring technologies' improved precision and reliability enhance patient safety and outcomes, leading to increased adoption in healthcare settings. As a result, the depth of anesthesia monitoring market is experiencing growth driven by the demand for advanced monitoring solutions.
What restraints the growth of depth of the anesthesia monitoring market?
“High cost of depth of anesthesia restraining market’s growth”
The growth of the depth of anesthesia monitoring market is hindered by the high costs associated with the technology. The expenses involved in acquiring and maintaining sophisticated monitoring equipment and the need for specialized training contribute to the overall high cost of implementation. This creates a financial barrier for healthcare facilities and providers, limiting their ability to adapt and integrate depth of anesthesia monitoring solutions. The cost factor acts as a restraint, impeding the widespread adoption and expansion of the depth of anesthesia monitoring market.
Segmentation: Depth of Anesthesia Monitoring Market
The depth of the anesthesia monitoring market is segmented on the basis of product, technology, mode of purchase, distribution channel, application, and end-user.
- On the basis of product, the depth of anesthesia monitoring market has been segmented into devices and consumables.
- On the basis of technology, the depth of anesthesia monitoring market has been segmented into bispectral index, entropy, and patient state index (PSI).
- On the basis of mode of purchase, the depth of anesthesia monitoring market has been segmented into purchasing organization and direct purchase.
- On the basis of distribution channel, the depth of anesthesia monitoring market has been segmented into direct tender and retail sales.
- On the basis of application, the depth of anesthesia monitoring market has been segmented into fluid management, cesarean section, laparoscopic surgery, vascular surgery, orthopedic surgery, cardio logical interventions, emergency medicine, pediatric surgery, and others.
- On the basis of end-user, the depth of anesthesia monitoring market has been segmented into hospitals, clinics, ambulatory surgical centers, emergency centers and others.
Regional Insights: North America dominates the depth of anesthesia monitoring market
North America dominates the depth of anesthesia monitoring market due to an upsurge in surgical procedures, government-led research and development initiatives, and a rise in the elderly population, all contributing to its development.
Asia-Pacific region is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 owing to the increased awareness regarding the negative impacts of anesthesia has led to a heightened recognition of its potential drawbacks.
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Recent Developments
- In February 2020, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. said that it had shown its new life support and patient monitoring system at the Middle East and Africa region's largest healthcare exhibition. Following this launch, the corporation had a significant impact on medical professionals, as well as an increase in the medical equipment index level.
- In August 2020, The Flow-e and Flow-c Anesthesia Systems from Getinge have been approved by the US Food and Drug Administration. From infants and paediatrics to the morbidly obese, these solutions can provide tailored anaesthetic delivery for even the most difficult patients.
The Prominent Key Players Operating in the Depth of the Anesthesia Monitoring Market Include:
- Mennen Medical (U.S)
- Koninklijke Philips N.V. (U.S)
- Nihon Kohden Corporation (Japan)
- Spacelabs Healthcare (U.S)
- Medtronic (Ireland)
- General electric (U.S.)
- Masimo (U.S.)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China)
- OSI Systems, Inc. (U.S.)
- CNSysytems Medizintechnik GmbH (Austria)
- Danmeter APS (Denmark)
- Dragerwerk AG & Co. KGaA (Germany)
- EDAN Instruments, Inc (China)
- Fukuda Denshi U.K (U.K.)
- General Meditech, Inc (China)
Above are the key players covered in the report, to know about more and exhaustive list of depth of anesthesia monitoring market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Depth of Anesthesia Monitoring Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
