Medtronic, Masimo, Drägerwerk AG & Co. KGaA are Dominating the Global Depth of Anesthesia Monitoring Market in 2019

Global Depth of Anesthesia Monitoring Market is expected to grow with the CAGR of 6.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global depth of anesthesia monitoring market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global depth of anesthesia monitoring market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio. For instance, in January 2017, GE healthcare launched a new product in the Indonesia region named as CS600 carestation series. This product is an advanced technology of anesthetic tool which is flexible, accurate and easier to operate. The company enhanced their business in Indonesia by launching their new product, this activity helped the company to generate more revenue.

Medtronic is the dominating player in global depth of anesthesia monitoring market. The other key players existing in the market includes CNSysytems Medizintechnik GmbH, Danmeter APS, Dragerwerk AG & Co. KGaA, EDAN Instruments, Inc., Fukuda Denshi U.K. (A Subsidiary of FUKUDA DENSHI), General Meditech, Inc., Shenzhen Geyang Medical Technology Co., Ltd., Masimo, Mennen Medical Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Spacelabs Systems, Inc. (A Subsidiary of OSI Systems, Inc.), Koninklijke Philips N.V., Quantium Medical S.L.U., SCHILLER, SIARE ENGINEERING INTERNATIONAL GROUP SRL, TRITON ELECTRONICS SYSTEMS LTD., NIHON KOHDEN CORPORATION, and GE Healthcare (A subsidiary of GENERAL ELECTRIC) among others.

Medtronic :

Medtronic headquartered in Dublin, Ireland was founded in 1949 which mainly focuses in developing and manufacturing wide range of products and therapies including implantable mechanical devices, drug & biologic delivery devices, and advanced energy surgical instruments. The company has multiple business segments including cardiac and vascular group, minimally invasive therapies group, restorative therapies group, diabetes group. In this cardiac and vascular group is the market focused segment. The company also has wide product portfolio such as advanced surgical technology, cardiac rhythm, cardiovascular, diabetes, digestive & gastrointestinal, ear, nose & throat, general surgery, neurological, oral maxillofacial & dental, patient monitoring, renal care, respiratory, spinal & orthopaedic, urological & women’s health, urological & urogynecological, in which patient monitoring is the market focused category.   

• In December 2019, Medtronic acquired the digital health startup which is the U.S. based company which is engaged in behaviour tracking and change. This acquisition enhanced the company healthcare facility in the market.  

The company has wide presence across Asia-Pacific, Europe, Middle East and Africa, North America, South America. The company also has various subsidiary companies such as Covidien (Irish), Corventis,Inc. (U.S.), TyRx Pharma Inc. (U.S.), ATSMedical (U.S.), Given Imaging (Israel) and United States Surgical Corporation (U.S.) among others.

Masimo :

Masimo headquartered in California, U.S. was founded in 1989. The company focuses on designing products to improve the effectiveness of pulse oximetry by overcoming the inability of current monitors to precisely measure the levels of arterial blood oxygen saturation & low arterial blood flow. The company has wide product portfolio including continuous monitors, patient-worn monitors, hospital automation connectivity, ventilation, data downloads & analytics & sensors & accessories, spot –check monitors, surveillance monitoring, & capnography & gas, in which continuous monitors, patient-worn monitors, spot-check monitors & surveillance monitoring are the market focused product categories.

• In April 2019, Masimo launched HALO ion which had allowed clinicians to streamline patient workflow. Due to the products, the distinctive ability to generate patient specific base line and ease in patient rating, it is in demand by the bio-medical professionals. This led to more demand of the product in the market and leading to more production of the product/device.

The company has wide presence across North America, South America, Europe, Middle East & Africa and Asia. The company also has various subsidiary companies such as Masimo Americas, Inc (Delaware, U.S.), Masimo Australia Pty Ltd. (Australia) and others.  

Drägerwerk AG & Co. KGaA :

Dragerwerk AG & Co. KGaA headquartered in Lubeck, Germany was founded in 1889. The company is engaged in producing ventilators, monitors, transport incubators, anesthesia machines and other related products. The company provides wide range of product categories such as hospitals, firefighting, mining, oil and gas industry, chemical industry, application areas, services in which hospitals is the market focused product category.

• In December 2019, Drägerwerk AG & Co. KGaA entered into an agreement with Masimo, after this agreement the company has expanded their partnership to add Masimo brain monitoring and capnography technologies into the multi-parameter patient monitors. This agreement enhanced the company’s credibility into the market.

The company has wide presence across North America, South America, Europe, Asia-Pacific and Africa. The company also has various subsidiary companies such as Drager Hong Kong Ltd. (China), Drager Medical GmbH (Germany) and many others.