Anesthesia Monitoring Devices Market Hits USD 1.9 Billion By 2024: By 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.
North America anesthesia monitoring devices market, by
product, 2013 - 2024 (USD Million)
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.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-anesthesia-monitoring-devices-market
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring relevant and
fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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