Global Anaesthesia Monitoring Devices Market Outlook 2030
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Product Code:
RP-ID-10059295 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
141 -
Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-12
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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The global market size of anesthesia monitoring equipment in 2021 is estimated to be ~USD 98 billion. Increasing safety awareness of doctors and increased surgeries are expected to drive the demand for these devices. For example, according to the CDC (Centers for Disease Control and Prevention), in 2014, approximately 51.4 million operations were performed in the United States. In addition, according to the American Society of Plastic Surgeons (ASPS), the number of plastic surgeries in the United States in 2014 has increased by 3.0% compared to 2013.
With the use of today’s latest surgical procedures, people’s life expectancy has increased because the world’s elderly population is increasing; for example, according to the World Health Organization, the elderly population will approximately double from 12.0% in 2015 to 2050 Of 22.0%. This population group is extremely susceptible to chronic diseases and age-related degenerative diseases, which causes increasing pressure on the elderly population. surgery. Therefore, it is expected that this growing susceptible elderly population will generate a demand for continuous perioperative monitoring, which is expected to stimulate the growth of the anesthesia monitoring equipment market.
In addition, the side effects of elderly patients, such as postoperative delirium and cognitive impairment related to anesthesia, have attracted the attention of clinicians. These concerns have led to many studies aimed at examining the impact of anesthesia management on elderly patients. It is expected that technological progress will further promote the growth of the industry.
For example, in the past, anesthesia monitoring equipment was a basic pneumatic machine with discrete units used to monitor vital signs such as heart rate, respiratory rate, blood pressure, body temperature, body movement, and urine output during preoperative care. However, today, embedded devices with advanced monitoring functions and decision support systems (DSS) can not only monitor more complex parameters such as transcutaneous oxygen saturation, inhaled anesthetics and end-tidal concentrations, carbon dioxide and oxygen levels, but also provide Data analysis to help clinicians make decisions about treatment interventions.
PRODUCT INFORMATION:
The market is divided into four types of advanced equipment according to product types, basic, embedded and others. The advanced type is further divided into independent capnography equipment, depth of anesthesia, and anesthetic gas measurement.
In 2020, the segment of advanced anesthesia monitoring equipment dominated the market, with a global revenue share of more than 60%. These devices are more accurate, durable and reliable for monitoring anesthesia. In addition, advanced monitoring equipment helps to monitor important parameters such as oxygen saturation, carbon dioxide level, heart rate and blood pressure, thereby driving demand during the forecast period.
END USE INFORMATION:
The end-use breakdown includes hospitals, outpatient settings, etc. In 2020, hospitals accounted for an important share of 78%. The availability of advanced infrastructure and the presence of qualified personnel in hospitals have contributed to the profitable growth of this market segment. It is expected that during the forecast period, there will be rapid growth in the part of outpatient settings.
The increase in the number of these outpatient settings has contributed to the profitable growth of this market segment. For example, according to MedPac analysis, compared with 2013, the number of outpatient surgery centers worldwide increased by 1.9% in 2014. These centers are in the operating room anesthesia (NORA) category and require a technologically advanced anesthesia system due to complex and challenging medical procedures being applied. In addition, these centers are generally more popular than hospitals because they provide a better non-hospital outpatient experience and save patients a lot of time and money.
REGIONAL INFORMATION:
The availability of well-developed primary, secondary and tertiary hospitals supports growth in North America. In addition, a well-developed reimbursement network, favorable government funding and increased health awareness have promoted the use of advanced technologies, including anesthesia monitoring. On the other hand, the Asia-Pacific region is expected to achieve profitable growth during the forecast period. The region’s large population base and unmet demand from the developing healthcare network are expected to drive the region’s growth. For example, according to the statistics of the World Health Organization, China performed about 39.5 million operations in 2012, and this number is expected to increase in the next few years, which in turn is estimated to drive the demand for perioperative anesthesia monitoring equipment market. Be careful.
COMPETITIVE MARKET SHARE OUTLOOK:
Some major players operating in the anesthesia monitoring equipment market include Masimo Corporation, Fukuda Denshi Co. Ltd., Infinium Medical, Inc., Medtronic plc, GE Healthcare, Nihon Kohden Corp., Philips Healthcare, Mindray Medical International Co., Ltd., Drägerwerk AG & Co. KGaA and Schiller AG new product development and joint development are some of the key strategic initiatives taken by the industry to maintain competitiveness. For example, Dragers Innovian solution suite automatically collects data from multiple monitors, ventilators, and other medical devices, and then integrates the data into a single, easy-to-operate interface that is easy to access.
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Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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