Anesthesia Monitoring Devices Market To Be Driven By The Spiraling Number Of Surgeries Till 2024:Grand View Research,inc.
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 spiraling 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 anesthetic drug, the appropriate route of administration, and the
right dose of the anesthetic 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 anesthetic agent.
Browse 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 favorable
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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented 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
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.
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