The anesthesia monitoring devices
market is expected to reach USD 1.9 billion by 2024,
according to a new report by Grand View Research, Inc. 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.
To request a
sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
- Amongst the product type segments, the advanced anesthesia monitors segment held a lucrative share of over 60.0% in 2015 owing to its durability, reliability, and accuracy. Moreover, these devices monitor various significant parameters such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure.
- The hospitals in the end-use segment exhibited remunerative growth in 2015; this can be attributed to the presence of advanced diagnostic and therapeutic medical technologies that enables both, faster and accurate diagnosis. Moreover, the availability of these advanced systems coupled with the presence of skilled personnel contributes towards profitable growth of this segment.
- North America dominated the overall market with a revenue share of over 35.0% in 2015 owing to the presence of well-developed health care settings and the presence of a favorable reimbursement network, government funding, and increasing health awareness levels amongst the people.
- However, Asia Pacific is anticipated to be the fastest growing region with a CAGR of about 11.0% over the forecast period. The economic developments and the advancing healthcare system with the aid of supportive government initiatives are collectively anticipated to further assist the growth in this region.
- Some key players operating in the anesthesia monitoring devices market include Masimo Corporation, Infinium Medical, Inc., Medtronic plc, GE Healthcare, Nihon Kohden Corporation, Philips Healthcare, Mindray Medical International Ltd., Drägerwerk AG & Co. KGaA, and Schiller AG. New product development, mergers, and collaborations are some key initiatives taken to sustain themselves in the competition.
- For instance, Masimo Corporation incorporated Oxygen Reverse Index (ORI) which measures the oxygen levels and provides real-time information with regard to the patient’s oxygen reserve in synchronization with the partial pressure of oxygen to prevent hyperoxia conditions (oxygen levels above normal) in patients that are receiving auxiliary oxygen supply whilst undergoing surgery.
See More
Reports of This Category:
About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment