Global Anaesthesia Monitoring Devices Market, By Type of Product (Advanced Anesthesia Monitors,Basic Anesthesia Monitors), By End User (Hospitals, Ambulatory Surgery Centers), By Geography (North America, Europe, Asia-Pacific, South America)– Industry Trends & Forecast to 2025
Market Analysis: Global Anaesthesia Monitoring Devices Market
The Global Anaesthesia Monitoring market is expected to reach USD 2587.2 Million by 2025, from USD 1122.6 Million in 2017 growing at a CAGR of 11.0% during the forecast period of 2017 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Anaesthesia Monitoring Devices Market
A medical monitor is a medical device considered for monitoring patient and consisting of one or more sensors and processing components. A high level of monitoring should be maintained until the patient fully recovers from anaesthesia. Clinical observations must be supplemented to the monitoring devices. Anesthesia is insensitivity to pain and is used to make patient unconscious during surgery. Anaesthesia monitoring devices are type of patient monitoring devices used during the surgery to track vital signs such as , blood pressure, heart rate, and temperature of patients under sedation in the operation theatre.
The Global Anesthesia Monitoring Devices Market by products is broadly classified as basic anaesthesia monitoring device, advanced anaesthesia monitoring device and integrated anaesthesia workstation. Technological changes as well as the growing usage of the anaesthesia monitors in the freestanding surgery centres are contributing to the increased growth of the anaesthesia monitoring device market.
The Global Anesthesia Monitoring Devices Market are segmented in the global market by products and are maintained until the patient fully recovers from anaesthesia. Clinical observations must be supplemented to the monitoring devices. The global market is expected to grow due to the rise in aging population, increasing number of surgeries, growing awareness among physicians, and advancements in technology. Despite this, high cost of anaesthesia monitoring devices and the availability of conventional techniques are the major restraining factors of this market.
Market Drivers and Restraints:
- New Technology Developments
- Anesthesia Gas Monitors
- Rising Technological Advancements in Anaesthesia Technology
- Development of Automated Record-keeping Systems
- Increase in the Demand for Pain-free Surgeries
- Availability of Conventional Techniques
- High Cost of Anesthesia-monitoring Devices
- Difficulties Associated with the Usage of Anaesthesia Devices
Market Segmentation: Global Anaesthesia Monitoring Devices Market
- The Global Anesthesia Monitoring Devices Market is segmented based on type, of product (Basic Anesthesia Monitor, Integrated Anesthesia Workstation, and Advanced Anesthesia Monitor)
- Based on type of End User market is segmented into (Hospitals, Ambulatory Surgery Centres)
- Based on by Geography North America Europe, Asia-Pacific, Middle East & Africa, South America
- In 2016, 31.5% of the Global Anesthesia Monitoring Devices Market was dominated by North America. The market in North America is growing due to increased patient safety and awareness among doctors and patients for low flow aesthetic agents. The European market, is growing due to technological advancements, it has been dominated majorly by Drägerwerk AG & Co. KGaA. However, the North American and European markets are moving towards the maturity phase.
Key Developments in the Market:
- In April 2018 B. Braun Medical Inc. Will Launch Its First Spinal Anesthetic at ASRA: Reimagining Anesthesia
- In March 2016 Johnson & Johnson (NYSE:JNJ) reportedly confirmed last week that it’s discontinuing its Sedasys computerized anesthesia system, 3 years after a hard-won pre-market approval from the FDA
Competitive Analysis: Global Anaesthesia Monitoring Devices Market
The Global Anesthesia Monitoring Devices Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Anesthesia Monitoring Devices Market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Anaesthesia Monitoring Devices Market
Acoma Medical Industry Co., Ltd, Ambisea Technology Corp., Ltd, BPL medical Technologies, Cortical Dynamics Ltd, Criticare Technologies Inc., Dixion distribution of medical devices, Draegerwerk AG & Co., Fresenius Kabi AG, Fukuda Denshi, Heyer Medical AG, INFINIUMMEDICAL.COM, Iradimed Corporation, Masimo Corporation, Medasense Biometrics Limited, Medtronic., Mindray DS USA, Inc., Monitor Mask Inc, NeuroWave Systems Inc., Nihon Kohden Corporation, Norvap Medical, Opto Circuits Limited, Pfizer Inc.
Research Methodology: Global Anaesthesia Monitoring Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others
Reasons to Purchase this Report
- Current and future of Global Anesthesia Monitoring Devices Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
- All segmentation provided above in this report is represented at country level.
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)