Press Release

Nov, 28 2023

Rising Prevalence of Chronic Diseases is Driving the Global Depth of Anesthesia Monitoring Market Growth

Depth of anaesthesia monitoring includes features such as advancements in anaesthesia monitoring technology, which will impact the launch of new products by manufacturers into the market, increasing its demand, and various chronic diseases that require anaesthesia, which has increased the demand for depth of anaesthesia monitoring. Various research studies are currently being conducted, which is expected to provide manufacturers with a competitive advantage in developing new, innovative, and advanced depth of anaesthesia monitoring devices, which is expected to provide various other opportunities in the depth of anaesthesia monitoring market.

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The Global Depth of Anesthesia Monitoring Market is expected to reach USD 306,001.97 thousand by 2030 from USD 194,307.35 thousand in 2022, growing at a CAGR of 5.9% in the forecast period of 2023 to 2030.

Key Findings of the Study

Depth of Anesthesia Monitoring Market

Rising Technological Advancements in Anesthesia Monitoring is Driving the Market Growth

Advanced monitoring technologies have improved the accuracy and precision of anesthesia monitoring systems. They provide anesthesiologists with real-time, high-fidelity data on the patient's vital signs, including heart rate, blood pressure, and oxygen saturation. This precision allows for more individualized and targeted anesthesia administration, reducing the risk of complications and ensuring optimal sedation levels. Modern anesthesia monitoring systems often employ non-invasive techniques, reducing patient discomfort and the risk of infection.

User-friendly interfaces and intuitive displays have become a focal point of innovation. Anesthesiologists can easily navigate and interpret the data, leading to quicker response times and improved patient care. Modern anesthesia monitoring systems often have connectivity features, allowing them to share data in real-time with other hospital systems, including operating room equipment, anesthesia machines, and electronic health records.

Healthcare providers increasingly adopt the depth of anesthesia monitoring systems as these technological advancements evolve and provide more sophisticated and efficient solutions. These systems enhance patient safety during surgery and contribute to healthcare deliveries overall efficiency and quality. These innovations become more accessible and integral to modern healthcare practices, driving market growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Product (Anesthesia Monitoring Devices and Anesthesia Monitoring Consumables), Technology (Bispectral Index, Entropy, and Patient State Index (PSI)), Application (Fluid Management, Cesarean Section, Laparoscopic Surgery, Orthopedic Surgery, Vascular Surgery, Cardiological Interventions, Pediatric Surgery, Emergency Medicine, Intensive Care, Resuscitation, and Others), End User (Hospitals, Ambulatory Surgical Centers, Clinics, and Others), Distribution Channel (Direct Purchase, Group Purchasing Organization, Direct Tender, and Online Sales)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Philippines, Malaysia, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

Medtronic (Ireland), Drägerwerk AG & Co. KGaA (Germany), Nihon Kohden Corporation (U.S.), Masimo (U.S.), and FUKUDA DENSHI (Japan). Spacelabs Healthcare (Subsidiary of OSI Systems, Inc.), (U.S.) EDAN instruments, Inc. (China), Danmeter ApS (Denmark) , Quantium Medical (Spain), Medasense Biometrics Ltd. (Isarel), CNSystems Medizintechnik GmbH. (Austria), SIARE ENGINEERING INTERNATIONAL GROUP SRL (Italy), General Meditech Inc. (China), TRITON ELECTRONIC SYSTEMS LTD. (Russia), SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD. (China)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

The global depth of anesthesia monitoring market is segmented into five notable segments based on product, type, application, end user, and distribution channel.

  • On the basis of product, the market is segmented into anesthesia monitoring devices and anesthesia monitoring consumables

 In 2023, the anesthesia monitoring devices segment is expected to dominate the global depth of anesthesia monitoring market

In 2023, the anesthesia monitoring devices segment is expected to dominate the market with a market share of 72.09% due to increase in prevalence of chronic disease.

  • On the basis of technology, the market is segmented into bispectral index, entropy, and Patient State Index (PSI). In 2023, the bispectral index segment is expected to dominate the market with a market share of 66.79%.
  • On the basis of application, the market is segmented into fluid management, cesarean section, laparoscopic surgery, orthopedic surgery, vascular surgery, cardiological interventions, pediatric surgery, emergency medicine, intensive care, resuscitation, and others. In 2023, the fluid management segment is expected to dominate the market with a market share of 23.77%.
  • On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers, clinics, and others

In 2023, the hospitals segment is expected to dominate the global depth of anesthesia monitoring market

In 2023, the hospitals segment is expected to dominate the market with a market share of 45.89% due to their significant users of anesthesia monitoring technology and their continued investment in these systems.

  • On the basis of distribution channel, the market is segmented into direct purchase, group purchasing organization, direct tender, and online sales. In 2023, the direct purchase segment is expected to dominate the market with a market share of 53.79%.

Major Players

Data Bridge Market Research analyzes Medtronic (Ireland), Drägerwerk AG & Co. KGaA (Germany), Nihon Kohden Corporation (U.S.), Masimo (U.S.), and FUKUDA DENSHI (Japan) as the major market players in the global depth of anesthesia monitoring market.

Depth of Anesthesia Monitoring Market

Market Developments

  • In May 2023, Harrow announced the launch of FDA-approved IHEEZO (chloroprocaine hydrochloride ophthalmic gel) 3% for ocular surface anesthesia at the 2023 American Society of Cataract and Refractive Surgery (ASCRS) annual meeting being held in San Diego, California. This helps the organization in increasing its brand image.
  • In March 2023, Medtronic announced that it had been recognized by Ethisphere, a leader in defining and advancing the standards of ethical business practices, as one of the 2023 World's Most Ethical Companies opens a new window. This helped the organization develop a brand image among other leaders.
  • In March 2023, Quantium Medical announced the Conox 2D launch in Italy. This helped the organization generate more revenue and also helped in increasing the company's global presence.
  • In April 2022, GE HealthCare. announced receiving the FDA pre-market approval (PMA) for its End-tidal (Et) Control software for general anesthesia delivery on its Aisys CS2Anesthesia Delivery System. This increased the company's product portfolio and overall revenue.
  • In October 2020, General Meditech Inc. launched its G9L Depth of Anesthesia Monitor at the 83rd China International Medical Equipment (Autumn) Expo. This helped the company to establish its presence in the anesthesia monitoring market.

Regional Analysis

Geographically, the countries covered in the global depth of anesthesia monitoring market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Philippines, Malaysia, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is expected to dominate the global depth of anesthesia monitoring market

North America is expected to dominate the global depth of anesthesia monitoring market due to the rising demand for anesthesia monitoring devices and strategic initiatives by the major market players.

Asia-Pacific is the fastest-growing region in the global depth of anesthesia monitoring market

Asia-Pacific region is expected to grow with the highest growth rate because of the rise in awareness regarding anesthesia's adverse impacts in the region.

For more detailed information about the global depth of anesthesia monitoring market report, click here – https://www.databridgemarketresearch.com/reports/global-depth-of-anesthesia-monitoring-market


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