According to the current analysis of Reports and Data, the global Anesthesia Monitors market is expected to reach USD 3,742.7 million by the year 2026, in terms of value at a CAGR of 13.0% from 2019-2026. Anesthesia monitoring is a process which involves the use of several devices and machines to anesthetize the patient during a surgery. The risks associated with anesthetic care have reduced considerably during the last decade, due to technological advancement and automation, which played a significant role in improving the safety of patients. Furthermore, rise in investments in the market, which support the technological advancements in anesthesia machines and techniques, are slated to have a major impact on the market growth, thereby enabling faster deployment in the healthcare industry. Manufacturers in the Anesthesia Monitors market are integrating next-generation technologies, such as integrated and advanced monitors to improve the accuracy and reliability and ultimately to maintain a strong foothold in the market.
The major indications of anesthesia monitoring market are major surgical operations, pain management in pediatrics geriatrics and others. With respect to region, the Asia Pacific market is projected to be the highest growing market in anesthesia monitors market during the analysis period, which is followed by Europe. This market is anticipated to grow at the highest CAGR of 14.5 % during the forecast years. North America was found to be the largest revenue generating segment due to the awareness in populace about different anesthesia monitors and the growing patient compliance for pain less treatment. Likewise, the increase in adoption of anesthesia monitors in North America, Europe and other established markets is anticipated to foster market growth in the analysis period.
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Key findings from the report suggest
- The advanced and integrated product segment of global Anesthesia Monitors market is expected to grow at a CAGR of 12.5 % by 2026. The significant share is due to the use of the integrated and advanced monitors such as gas monitors, standalone capnography monitors, MRI compatible anesthesia monitors, and others. This segment was observed to grow remarkably owing to the effective results of these devices and their wide usage. Moreover, the increasing awareness among people and need for the painless treatment also spurs the market growth.
- Latest technological trends suggest that considerable number of Anesthesia Monitors are currently being launched globally Gas monitors and standalone capnography monitors accounted for more than 50% of the revenue share of the global market in 2018.
- Owing to the persistent technological advancements in the integrated monitors, the trend of growing demand and supply for Anesthesia Monitors is likely to remain in the foreseeable future.
- Furthermore, increasing penetration of gas monitors and other devices in the healthcare industry in developing countries is creating lucrative sales opportunities for stakeholders in the Anesthesia Monitors market. For instance, in January 2018, Masimo Corporation (U.S.) introduced the RD SedLine EEG sensor for use with Masimo SedLine Brain function monitoring.
- Monitors to measure the depth of the anesthesia are the new technological advancement in this market, which provide a complete evaluation of consciousness of the patient that remains the primary reason behind the growing preference for anesthetia monitors market over other monitors.
Key players in the market:
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), G.E. Healthcare (U.S.), Philips Healthcare (Netherlands) Medtronic Public Limited Company (Ireland), Fukuda Denshi, Dragerwerk(Germany), Nihon kohden Schiller AG, Mennen Medical Ltd. (Israel), and Masimo Corporation (U.S.) are the major players in Anesthesia monitors market.
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Market segmentation: This report for the anesthesia monitors market forecasts a revenue growth at a global, regional country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Anesthesia monitors market into product types, End user type, Distribution channel and region.
Based on the product: (Revenue, USD Million; 2016-2026)
- Basic Anesthesia Monitor
- Integrated Anesthesia workstation
- Advanced Anesthesia Monitor
- Standalone Capnography
- Monitors for measurement of Anesthesia depth
- MRI Compatible
- Gas Monitor
- Others
Based on the end-user: (Revenue, USD Million; 2016-2026)
- Hospitals
- Ambulatory Surgical Centers Clinics
Based on the Sales Channel
- Channel Sales
- Direct Sales
By Regional Outlook (Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Rest of Asia-Pacific
- Rest of the world
- Brazil
- Saudi Arabia
- South Africa
- Other Countries
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