Advance anesthesia monitoring devices market research report: by type of product (basic anesthesia monitors, advanced anesthesia monitors, integrated anesthesia workstations), by end users (hospitals, private clinics, ambulatory services and others) – Global forecast till 2023
Global Advanced Anesthesia Monitoring Devices Market – Overview
Anesthesia is a medical treatment that prevents the patient from feeling pain while performing surgeries. Since the introduction of anaesthesia in the market, many of the surgical procedures have become easy to operate. The introduction of new technology to monitor the patient’s body while administering anaesthesia and development of new devices have made anaesthesia monitoring more comfortable and safe.
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According to a recent study report published by the Market Research Future analysts, the global advanced anaesthesia monitoring devices market is growing at a double digit growth rate. This growth is majorly attributed to the increasing number of surgical procedures, rising rate of accidental cases, development in the healthcare infrastructure, development of physician friendly record keeping systems, and also the increasing demand for MRI enabled anaesthesia monitoring devices.
According to studies, approximately 240 million people underwent major surgeries in the year 2016 only. In order to undergo pain free surgical procedures, patients needed to be anesthetised. This huge demand for anaesthesia delivery also boosts the demand for Anaesthesia Monitoring Devices Market.
Apart from these positive factors, there are few obstacles in the growth of this market. Human errors in the operation of devices causing major failure cases, lack of skilled personnel to operate the advanced technology devices, and lack of awareness about these devices. These all factors can definitely limit the growth of advanced anaesthesia monitoring devices market to an extent.
Global Advanced Anesthesia Monitoring Devices Market – Competitive Landscape
The market for advanced anaesthesia monitoring market has good number of companies operating in this market. There are number of companies involved in the development of the products, including the devices, tools, software, and other services in this market space. Product launches, and mergers & acquisitions are some key strategies of the companies in this market. Some of the developments for players are as follows.
General Electric Company (U.S, headquartered in the U.S., is one of the leading medical device manufacturing company. Carestation 600 Series, Aisys, Avance, and Aespire are widely used products of the company. GE healthcare offers comprehensive line of anaesthesia monitors and Aespire 7900 is cost effective device.
Sedana Medical is a Swedish medical technology company working in the development of the different medical devices. Sedana Medical is a developers of the Anaesthetic Conserving Device (AnaConDa). AnaConDa-S, AnaConDa Syringe and FlurAbsorb Mount are some of the major product of the company. In feb 2017, AnaConDa is approved by K-FDA in South Korea which is the first country in Asia to approve AnaConDa.
Baxter International Inc. (U.S.), Cardinal Health, Inc. (U.S.), Covidien plc (Ireland), Criticare Systems Inc. (U.S.), Draegerwerk AG & Co. KGaA (Germany), GE Healthcare (U.K.), Heyer Medical AG (Germany), Infinium Medical (U.S.), Intersurgical Limited (U.K.), Koninklijke Philips N.V. (The Netherlands), Masimo (U.S.), Medtronic (U.S.), Mindray Medical International Limited (China), Nihon Kohden Corporation (China), Sedana Medical AB (Sweden), Smiths Medical Inc. (U.S.), and others are some of the prominent players at the forefront of competition in the global advanced anaesthesia monitoring devices market and are profiled in MRFR Analysis.
Global Advanced Anesthesia Monitoring Devices Market – Regional Analysis
On the regional basis, the global advanced anaesthesia monitoring devices market is segmented into America, Europe, Asia Pacific and the Middle East & Africa. America holds the highest share in the global advanced anaesthesia monitoring devices market. According to the American Society of Anaesthesiologists, in the year 2014 it was estimated that approximately 30 million of anaesthetics being administered every year. Europe accounts for the second largest market for anaesthesia monitoring devices. Various factors such as increasing number of surgeries and increasing demand for the better monitoring devices are t driving the growth of the market. Increasing surgeries in a various specialty such as neurology, orthopedics, and anesthetic plastic surgeries in Europe is the primary reason for the development of the market.
Asia Pacific is the fastest growing market in the global advanced anaesthesia monitoring devices market due to increasing number of geriatric population and rapid development in the healthcare sector. Economic development and increasing orthopedic surgeries in Asia Pacific region have boosted the growth of the advanced anaesthesia monitoring devices market. Larger population base in this region has attracted a number of the manufacturer, which, in turn, develop the market in Asia Pacific region.
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