Devices of anesthesia monitoring are a type of patient monitoring device used during surgeries for tracking vital signs including heart rate, temperature, and blood pressure, of patients that are under sedation within the operation room. Anesthesia monitoring devices are vital during surgery for reducing the risk associated with anesthesia. As per the 2013 survey from British Journal of Anaesthesia article, annual numbers of general anesthesia cases were 2,766,600 while sedation was given in over 308,800 cases in the U.K. Advanced anesthesia monitoring devices are included as a workstation part along with other devices of patient monitoring. For instance, GE Aisys Carestation by Healthcare or Draeger Primus by Draeger Medical India Pvt. Ltd. is integrated into the workstation. Aspects including new launches of products and rising surgeries is the major factor expected to drive growth of the global anesthesia monitoring devices market over the forecast period.
Get PDF Brochure with COVID19 Impact Analysis @ https://www.coherentmarketinsights.com/insight/request-pdf/1640
Global Anesthesia Monitoring Devices Market Drivers
Rising prevalence of chronic diseases such as cancer and cardiovascular diseases is expected to rise the surgical procedures, which in turn, is expected to drive the global anesthesia monitoring devices market growth over the forecast period. For instance, as per the Cancer Research U.K., around 359,960 new cases of cancer were detected in 2015 in the U.K. where 45% of the patients went through cancer surgery. Rising prevalence of spinal disorders associated with old age is expected to drive the global anesthesia monitoring devices market growth over the forecast period. For instance, in 2007, as per the National Center for Biotechnology Information (NCBI), the prevalence of spinal cord injuries globally was around 170,312 cases that increased in 2013 between 250,000 and 500,000 cases. Moreover, rising number of clinics and hospitals are expected to propel the global anesthesia monitoring devices growth over the forecast period. As per the American Hospital Association (AHA), in 2017, the annual hospitals survey registered 5,534 hospitals, which raised in 2018, to 5,564, in the U.S.
Market players are focused on launching advanced and new and systems of data integration, which in turn, is expected to drive growth of the global anesthesia monitoring devices market over the forecast period. For instance, Masimo, a company engaged in non-invasive monitoring of patient and manufacturing of technology-based devices, in April 2018, introduced UniView system, the integrated show of alarms and real-time data for helping team coordination and data sharing among multiple clinics. The UniView retrieves data from ventilators, patient monitors, anesthesia gas machines, along with IV pumps which can be seen upon central monitors.
Launching of novel workstations having novel technology are expected to propel growth of the global anesthesia monitoring devices market over the forecast period. For instance, as per the Indian Journal of Anesthesia, published article in 2013, new workstations including Air Liquide Medical system’s Felix Dual anesthesia workstation, Chirana Medical’s Venar Xenon workstation, and EKU Electronics’s Tangens 2C are included with technology which can recycle and reuse the xenon, thus making the procedure of anesthesia cost-effective.
Global Anesthesia Monitoring Devices Market Restrain
High cost related with devices of anesthesia monitoring are expected to restrain the global anesthesia monitoring devices market growth over the forecast period. Furthermore, rising number of recalled products are expected to hinder growth of the global anesthesia monitoring devices market over the forecast period. For instance, Mindray DS USA, Inc., in 2017, recalled the product A-Series A3/A5 Anesthesia Delivery System owing to software problems.
Global Anesthesia Monitoring Devices Market – Regional Analysis
Based on region, the global anesthesia monitoring devices market is segmented into North America, Europe, Latin America, Asia Pacific, Africa, and Middle East. North America accounts for a dominant share in the global anesthesia monitoring devices market over the forecast period, due to rampant technological advancements in the region. For instance, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., in 2016, launched expanded Optimizer suite for A7 Anesthesia workstation within North America. Asia Pacific is expected to register robust growth in the global anesthesia monitoring devices market owing to rising patient pool along with increasing medical tourism in this region. For instance, in 2015-2016, as per the Directorate-General of Commercial Intelligence and Statistics of India, Indian hospitals recorded around 460,000 global patients. Furthermore, as per the Indian Medical Travel Journal, top five hospitals namely, Fortis, Apollo, Narayana Health, Max Healthcare, Manipal Hospital, generated over US$ 155 Mn revenue by worldwide patients.
Major Players Are: Masimo, Fukuda Denshi, Infinium Medical, Covidien PLC (a subsidiary of Medtronic plc), GE Healthcare, Nihon Kohden Corporation, Philips Healthcare, Mindray Medical International Limited, Drägerwerk AG & Co. KGAA, Schiller AG, Criticare Systems, Inc., and Heyer Medical AG.
Strategies employed from the market companies are adopting strategies of inorganic growth including partnerships, acquisitions and mergers, thus expected to fuel growth of the global anesthesia monitoring devices market over the forecast period. For instance, Intuitive Surgical, in September 2017, along with GE Healthcare signed a MoU to offer clinical applications for robotic-assisted surgeries, as the part of which the GE Healthcare offers anesthesia machine – CS600.
Global Anesthesia Monitoring Devices Market Taxonomy
Based on Product Type
- Basic Anesthesia Monitor
- Advanced Anesthesia Monitor
- Depth of Anesthesia Monitors
- Anesthesia Gas Monitors
- Standalone Capnography Monitors
- MRI Compatible Anesthesia Monitors
Based on End User
- Cancer Centers
- Hospitals
- Multispecialty Clinics
- Ambulatory Surgery Centers
- Cardiac Centers
Based on Region
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Purchase This Premium Report Here With Discounted Price (Flat US $2000 Off) – https://www.coherentmarketinsights.com/promo/buynow/1640
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
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837