The global anesthesia monitoring devices market size is expected to reach USD 4.27 billion by 2030, registering a CAGR of 11.2% from 2024 to 2030. 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.
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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.
Anesthesia Monitoring Devices Market Report Highlights
- Integrated Anesthesia Workstations (IAW) accounted for 40.0% of the market share in 2023 owing to the significant technological enhancements that made them more efficient and user-friendly.
- Advanced anesthesia monitors are expected to register the fastest CAGR during the forecast period owing to robust technological advancements that ensure patient safety.
- Hospitals segment dominated the market in 2023. As primary healthcare facilities, hospitals handle a substantial number of surgical procedures, ranging from routine to complex cases which demands precise anesthesia monitoring methods.
- Ambulatory surgery centers (ASCs) are projected to grow substantially at a CAGR of 11.7% over the forecast period. This can be credited to major shifts in patient preferences.
- North America dominated the anesthesia monitoring devices market with 36.1% of the share in 2023. It is attributable to the region’s highly developed healthcare infrastructure featuring a large number of hospitals and surgical centers.
The leading players in the Anesthesia Monitoring Devices market include:
- Medtronic
- GE Healthcare
- Philips Healthcare
- Drägerwerk AG & Co. KGaA
- Masimo Corporation
- Mindray Medical International Limited
- Nihon Kohden Corporation
- Schiller AG
- Becton, Dickinson and Company (BD)
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Anesthesia Monitoring Devices Market Variables, Trends, & Scope
Chapter 4. Anesthesia Monitoring Devices Market: Product Estimates & Trend Analysis
Chapter 5. Anesthesia Monitoring Devices Market: End Use Estimates & Trend Analysis
Chapter 6. Anesthesia Monitoring Devices Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Anesthesia Monitoring Devices market include:- Medtronic
- GE Healthcare
- Philips Healthcare
- Drägerwerk AG & Co. KGaA
- Masimo Corporation
- Mindray Medical International Limited
- Nihon Kohden Corporation
- Schiller AG
- Becton, Dickinson and Company (BD)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.05 Billion |
| Forecasted Market Value ( USD | $ 4.27 Billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
