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The purpose of this report is to cover the definition, description, and forecast of the global anesthesia monitoring devices market. It involves deep dive analysis of market segmentation that comprises of submarkets, products, and end users. The report also gives the deep insights and strategic analysis of key players for the market. In this report, the anesthesia monitoring devices market is segmented on the basis of its products and end users. The global anesthesia monitoring devices market, by product, is segmented into advanced anesthesia monitors, basic anesthesia monitors, integrated anesthesia workstation, and others (IT enabled). The advanced anesthesia monitors are further subsegmented into anesthesia gas monitors, depth of anesthesia, standalone capnography monitors, and others (MRI compatible anesthesia monitors).Anesthesia can be monitored with different methods, such as ECG, EEG Monitors, bispectral index (BIS) obtained from EEG, oxygen and carbon dioxide analyzers, and temperature monitors, among others. Other monitoring instruments can be included, depending on patient’s condition, the type of surgical procedure, and the type of anesthesia used. In 2014, the advanced anesthesia monitors segment accounted for the largest share of 62.7% of the global anesthesia monitoring devices market. The end users are hospitals and ambulatory surgery centers. The hospitals segment is the largest end user with a share of 76.9% of the global anesthesia monitoring devices market in 2014, and is estimated to grow at a CAGR of 12.5% from 2015 to 2020.
Globally, the North America anesthesia monitoring devices market is the largest and is expected to grow at a CAGR of 11.3% during the forecast period. The large share is attributed to rise in the aging population and growing awareness among physician about the benefits of anesthesia monitoring devices. Anesthesia monitoring devices have become essential medical devices for hospitals, ambulatory surgery centers, clinics, and nursing homes. The significance of these devices is expected to improve its demand.
Advancements in technology and rise in number of surgeries are other growth factors. With the rising number of surgeries globally, there is a boost in the growth of anesthesia monitoring devices market. According to Centers for Disease Control and Prevention (CDC), 51.4 million surgeries have taken place in the U.S. in 2014. Also, due to technological advancements and rising competition in the market, there is a demand for sophisticated and persistent technological advancements for better results. However, the cost of high-end equipment and the depth of anesthesia monitoring devices and integrated systems for initial setups act as major restraining factors for the anesthesia monitoring devices market.
The report also provides a detailed competitive landscaping of companies operating in this market. Segment and country specific company shares, news & deals, M&A, segment specific pipeline products, product approvals and product recalls of major companies would be detailed. The main companies operating in this market are GE Healthcare (U.K.), Philips Healthcare (The Netherlands), Draegerwerk AG & Co. KGaA (Germany), Nihon Kohden Corporation (China), Mindray Medical International Limited (China), Masimo (U.S.), Infinium Medical (U.S.), Medtronic (U.S.).
Reasons To Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis, namely, industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles. All of these together comprise and discuss the basic views on the competitive landscape, usage patterns, emerging and high-growth segments, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities of the global anesthesia monitoring devices market.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned four strategies to strengthen their market share.
The report provides insights on the following pointers:
- Product Analysis and Development: Detailed insights on upcoming technologies, research and development activities, and new product launches in the global anesthesia monitoring devices market are provided.
- Market Development: Comprehensive information about lucrative emerging markets is provided. The report also analyzes the markets for anesthesia monitoring devices across various regions, exploit new distribution channels, new clientele base, and different pricing policies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments decisions in the global anesthesia monitoring devices market is provided. Detailed description regarding the related and unrelated diversification pertaining to this market is also provided.
- Competitive Assessment: An in-depth assessment of market shares and company share analysis of the key players forecasted till 2020 is provided. Business strategies and technological advancements of leading players enhance the bottom line of the companies in the anesthesia monitoring devices market.