Anesthesia Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
Anesthesia in basic term is insensitivity to pain. It is used to induce unconsciousness during a surgery. The anesthesia monitoring devices, are used to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depend upon the type of surgery being performed and it differs in every case. These devices help the anesthetics to monitor the dose of anesthesia. Proper monitoring of the patient reduces the risks involved in anesthesia and surgery.
Global anesthesia monitoring devices market can be segmented into products and end users. By product, it is segmented into integrated anesthesia workstation, basic anesthesia monitors, others (IT enabled) and advanced anesthesia monitors. Advanced anesthesia monitors are segmented into gas monitors, standalone capnography monitors, depth of anesthesia, and MRI compatible anesthesia monitors. These devices are more accurate and reliable in monitoring anesthesia. Anesthesia can be monitored with different methods, such as EEG Monitors, ECG, bi-spectral index (BIS) obtained from EEG, oxygen and carbon dioxide analyzers, and temperature monitors. Other monitoring instruments can be included, depending on patient's condition, the type of surgical procedure, and the type of anesthesia used. Hospitals, ambulatory surgical centers, clinics and nursing homes form the major end-users for anesthesia monitoring devices. The number of ambulatory service centers, availability of advanced infrastructure and presence of skilled personnel in hospitals have contributed towards growth of anesthesia device market.
With the new surgical procedures the expectancy of life in individuals has extended. The geriatric population is highly prone to degenerative diseases and chronic illnesses which has caused an increased verge on surgeries and therapeutics. This demands for continuous monitoring, thus would drive the growth of the anesthesia monitoring devices market. The integrated devices with decision support systems and advanced monitoring capabilities not only monitor complex parameters such as inhalation anesthetics, end-tidal concentrations of carbon dioxide and oxygen levels and transcutaneous oxygen saturation but also provides data analysis to help clinicians take decisions related to surgical and therapeutic interventions. But, presence of conventional techniques and high cost of devices and are some of the restraining factors for growth of this market. Also, there are certain side-effects involved, such as cognitive disturbance and post-surgery delirium related to anesthesia, in elderly patients, which is again a raising concern amongst physicians. These concerns have led to research studies which aim in analyzing impact of anesthesia administration on geriatric patients.
Geographically, North America is observed to be the largest anesthesia monitoring devices market due to growing number of surgeries which has raised the awareness among surgeons about the benefits of anesthesia monitoring devices. Also due to extensive technological advancements and rising competition in the market, there is a demand for sophisticated and persistent technological advancements for better result. Asia Pacific is also expected to witness high growth due to unmet wants of large population and the developing healthcare network which is expected to impulse the growth of anesthesia monitoring devices in this region. Moreover, the reimbursement facilities, government funding sources, and increased healthcare awareness has also made easier the usage of advanced techniques in anesthesia monitoring.
The report includes mergers & acquisitions, recent developments and new product launches of leading players in the market. The major players in the anesthesia monitoring devices market are Baxter International, Inc., Cardinal Health, Draegerwerk AG & Co. KGaA, GE Healthcare, Heyer Medical AG, Intersurgical Limited, Medtronic, Inc., Mindray Medical International Limited, Nihon Kohden Corporation, Philips Healthcare, and Smiths Medical, Inc. New collaborative developments and new product techniques are some strategic initiatives taken by the industries to retain oneself in the competition.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological break throughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Healthcare
Pharmaceuticals and HealthcareGlobal Bionic Ears Market Professional Survey Report 2017
Pharmaceuticals and HealthcareNeuropsychiatric Disorder Cluster Drug Development Pipeline Review, 2017
Pharmaceuticals and HealthcareHepatitis Drug Development Pipeline Review, 2017