Anesthesia Monitoring Devices Market
Anesthesia Monitoring Devices Market, By Product (Basic Anesthesia Monitors, Integrated Anesthesia Workstations, Advanced Anesthesia Monitors), By End User (Hospitals & Clinics, Ambulatory Surgical Centers), By Region - Global Market Insights 2022 to 2027
Anesthesia Monitoring Devices Market Outlook (2022-2027)
As of 2022, revenue from the global anesthesia monitoring devices market stands at US$ 2.2 billion and is projected to climb to US$ 3.4 billion by the end of 2027. Over the next five years, worldwide shipments of anesthesia monitoring devices are anticipated to increase at an impressive CAGR of 9.1%.
Sales of anesthesia monitoring systems are expected to increase faster in China than the world’s average, at 11% CAGR through 2027.
Anesthesia Monitoring Devices Market Size (2022)
US$ 2.2 Billion
Projected Market Value (2027F)
US$ 3.4 Billion
Global Market Growth Rate (2022-2027)
China Market Value (2027F)
US$ 625 Million
Share in Anesthesia Machines Market
United States Market Value (2022)
US$ 480 Million
China Market Growth Rate (2022-2027)
Key Companies Profiled
Interested to Procure The Data
Revenue Analysis of Anesthesia Monitoring Devices (2017-2021) in Comparison to Market Growth Forecasts (2022-2027)
Administration of anesthesia is a crucial step in any surgery or medical procedure and if not handled with care could also put the patient’s life in danger. To avoid this and ensure patient safety, anesthesia monitoring devices are used that monitor the anesthesia administration and patient’s response to anesthesia, which helps healthcare professionals make informed surgical decisions.
With rapid digitization of the medical industry, anesthesia monitoring equipment has become more advanced than ever before and is being extensively used across the world by anesthesiologists.
The high prevalence of chronic diseases has led to an increased number of surgeries being performed across the world, which is driving the anesthesia monitoring devices market potential and is expected to do so over the next five years as well.
The global anesthesia monitoring devices market is set to evolve at a stellar CAGR of 9.1% from 2022 to 2027, as per this new Fact.MR survey.
The growing senescent population, technological advancements in the patient monitoring industry, increasing focus on healthcare, rising investments in healthcare infrastructure development, rising focus on patient safety, and increased healthcare spending are other factors that are expected to drive sales of anesthesia monitoring devices through 2027.
Which Factors are Shaping the Path of the Anesthesia Monitoring Devices Market?
“Increasing Number of Surgeries Driving Anesthesia Monitoring System Sales”
The world has witnessed a notable increase in diseases that require hospitalization and surgery for treatment and this has resulted in an increased number of surgeries performed across the world.
A growing aging population, increasing prevalence of chronic diseases, and rising healthcare spending are expected to result in more surgeries being performed and subsequently favor anesthesia monitoring devices market growth over the next five years.
“Expensive Nature of Anesthesia Monitoring Equipment”
Anesthesia monitoring systems are expensive in nature as they use state-of-the-art technologies and also come with a hefty installation and maintenance tag that many healthcare establishments cannot afford. Healthcare institutions in emerging and underdeveloped economies with budget constraints cannot afford such systems and hence, this has a restraining effect on the overall market growth.
The availability of conventional and affordable anesthesia monitoring techniques is also expected to further slow down the demand for anesthesia monitoring devices.
An Adaptive Approach to Modern-day Research Needs
How Can New Companies Carve a Space for Themselves in This Industry?
“New Anesthesia Monitoring Device Manufacturers Should Focus on Product Innovation”
Start-ups have many new opportunities to be explored in the global anesthesia monitoring devices marketplace as there is a high demand for advanced anesthesia monitoring systems that are also capable of monitoring other vital signs.
Integrated and advanced systems that monitor multiple vital parameters equipped with advanced technologies such as AI and deep learning are expected to be high in demand over the coming years and new entrants can focus on such devices to gain a market share.
- In September 2020, Medasense Biometrics Ltd., a pain monitoring start-up based in Israel, announced that it had raised US$ 18 million in a Series C funding round. The company uses its advanced AI algorithms with a unique parametric sensor platform to reduce postoperative pain in patients in the post-anesthesia care unit.
Why Should Suppliers of Anesthesia Monitoring Devices Invest in Asia Pacific?
“Rapidly Rising Investments in Healthcare Infrastructure Development”
The focus on healthcare has bolstered in the Asia Pacific region over the past few years owing to the rising incidence of chronic diseases, frequent viral outbreaks, and increasing investments in the healthcare industry.
The number of surgeries performed in this region is growing at a rapid pace and this can be ascribed to the growing geriatric population and rising medical tourism in countries such as India and China. All of the aforementioned factors are anticipated to favor anesthesia monitoring devices market potential in the Asia Pacific region over the years to come.
Growth of the anesthesia monitoring devices market in China is expected at a CAGR of 11%, with the market reaching a value of US$ 625 million by 2027-end.
Why are Anesthesia Monitoring Device Manufacturers Thriving in the U.S.?
“High Number of Surgeries Performed in U.S. Creating Lucrative Market Opportunities”
The United States has witnessed a notable increase in the incidence of cardiovascular diseases, cancers, obesity, and other illnesses, which have led to a rise in the number of surgeries performed in the country. This trend is expected to be rife over the next five years and favor anesthesia monitoring device demand in the country.
High healthcare expenditure, the presence of key anesthesia monitoring device suppliers, the rising geriatric population, and an increasing number of product launches in the U.S. are other factors that shape anesthesia monitoring equipment demand through 2027.
Rising popularity of minimally invasive procedures in the country has also favored the market potential in the country and this trend is expected to be rife over the years to come.
Currently, the U.S. anesthesia monitoring devices market accounts for a valuation of US$ 480 million.
Which Type of Anesthesia Monitoring Device Will Witness Rising Preference?
“Advanced Anesthesia Monitors to Be Highly Popular Going Forward”
The global anesthesia monitoring devices market based on type is segmented into basic anesthesia monitors, integrated anesthesia workstations, advanced anesthesia monitors, and other product types.
Advanced anesthesia monitors are further bifurcated into gas monitors, standalone capnography monitors, monitors for depth of anesthesia, and MRI-compatible anesthesia monitors.
Demand for advanced anesthesia monitors is anticipated to be high across the forecast period owing to their high accuracy, durability, and reliability as compared to other anesthesia monitors. These advanced monitors are also capable of monitoring other vital signs and hence are expected to be highly preferred by healthcare professionals over the next five years.
Anesthetic gas monitors are expected to be highly popular over the coming years owing to the rising use of anesthetic gases such as sevoflurane, desflurane, halothane, nitrous oxide, etc.
Sales of advanced anesthesia monitors are projected to rise at a CAGR of 9% and account for a revenue value of nearly US$ 1.4 billion by the end of 2027.
Which End User Will Influentially Augment Demand for Anesthesia Monitoring Systems?
“Hospitals & Clinics to Account for Dominant Anesthesia Machines Market Share”
The anesthesia monitoring devices market based on end user is bifurcated into hospitals & clinics, ambulatory surgical centers, and other end users.
Technological proliferation in the healthcare industry has exponentially increased over the past few years and this has bolstered the use of advanced medical monitoring devices in various healthcare settings. Hospitals and clinics have been quick to adopt these advanced systems and increasing investments in healthcare infrastructure development across the world are expected to drive demand for anesthesia monitoring equipment in the hospitals and clinics segment through 2027.
Rising number of surgeries being performed in hospitals, growing rate of hospitalization, and rising focus on patient safety are anticipated to be other factors that favor anesthesia monitoring system sales in this segment over the coming years.
Anesthesia monitoring device providers are focusing on product innovation and expansion of their product portfolio to strengthen their global market revenue generation capacity.
- In October 2020, Mindray, a leading healthcare device manufacturer and developer, introduced its new anesthesia systems and marked the company’s entrance into the high-end anesthesia machines marketplace. A9 and A8 anesthesia monitoring machines were introduced and made available in some select regions and Europe.
This latest anesthesia monitoring devices market research report by Fact.MR, a market research and competitive intelligence provider, has a detailed account of recent developments from key market players such as Masimo Corporation, Monitor Mask Inc., GE Healthcare, Koninklijke Philips N.V., Schiller AG, and Pfizer Inc.
Segments of Anesthesia Monitoring Devices Industry Research
By Product Type :
- Basic Anesthesia Monitors
- Integrated Anesthesia Workstations
- Advanced Anesthesia Monitors
- Gas Monitors
- Standalone Capnography Monitors
- Monitors for Depth of Anesthesia
- MRI-compatible Anesthesia Monitors
- Other Product Types
By End User :
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Other End Users
By Region :
- North America
- Latin America
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