The global anesthesia monitoring devices market was valued at USD 820.9 Million in 2014 and is projected to reach USD 1,616 Million by 2020, at a CAGR of 12.0% from 2015 to 2020.
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Careful monitoring of the patient during and after surgery allows the anesthesiologist to identify problems at an early stage, when they can still be corrected. Basic monitoring must include ongoing evaluation of the major body systems.
Proper monitoring of the patient can reduce the risks involved in anesthesia and surgery. Anesthesia monitors are available as a part of sophisticated multi-parameter patient monitors, as a component of a high-end anesthesia workstation, or as a standalone unit.
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Technological changes as well as the growing use of anesthesia monitors in the freestanding surgery centers have contributed to the growth of the anesthesia monitor market. The global anesthesia monitoring devices market was valued at USD 820.9 Million in 2014 and is expected to reach USD 1,616.0 Million by 2020, at a CAGR of 12.0% from 2015 to 2020.
The global market is segmented based on product into basic parameter anesthesia monitors, advanced parameter anesthesia monitors, integrated anesthesia workstations, and others. Advanced parameter monitoring includes anesthesia gas monitoring, depth of anesthesia monitoring, standalone capnography monitors, and others, which includes MRI compatible anesthesia monitoring devices.
Having all monitors from the same manufacturer leads to economy in parts and provides better service. Modular equipment offer significant financial advantages despite the higher initial cost, as upgrading can be performed and modules can be swapped without taking the whole unit out of service.
Some monitoring instruments are now being built into anesthesia machines. This usually results in economy of space and integration of machine, monitor information, and alarms.
Based on end user, the global anesthesia monitoring devices market is classified into hospital usage and ambulatory surgery centers. The report also provides a detailed analysis of anesthesia monitors for each region and country.
Four major regions covered in the report are North America, Europe, Asia-Pacific, and rest of the world.
The global anesthesia monitoring devices market is experiencing a robust growth owing to the rising clinical importance of monitored administration of anesthesia in care units. The number of surgical procedures using anesthesia are increasing by 6.5% every year.
The mortality due to inappropriate dosage of anesthesia is about 0.003% globally. The market is also growing owing to the diversified applications and parameters that can be visualized using these devices.
The report covers the competitive landscape of the global anesthesia monitoring devices market. It includes new product launches, recent developments, and mergers & acquisitions of the major players.
The major players operating in this market are Mindray Medical International Limited (China), Drägerwerk AG & Co. KGaA (Germany), GE Healthcare (U.K.), Koninklijke Philips N.V.
(The Netherlands), Schiller AG (Switzerland), Criticare Systems, Inc. (U.S.), HEYER Medical AG (Germany), Infinium Medical, Inc.
(U.S.), Siare Engineering International Group S.r.l. (Italy), Nihon Kohden Corporation (Japan), Fukuda Denshi (Japan), General Meditech, Inc.
(China), Skanray Healthcare Private Limited (India), and Medtronic (U.S.), among others.
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