Selbyville, Delaware, Aug. 16, 2023 (GLOBE NEWSWIRE) --
Anesthesia Monitoring Devices Market size is expected to be worth USD 2.4 billion by 2032. The industry progression is driven by advancements in technology and the rising number of surgical procedures worldwide. Industry play a crucial role in ensuring patient safety during surgical interventions by continuously monitoring vital parameters such as heart rate, blood pressure, oxygen saturation, and end-tidal carbon dioxide levels.
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Manufacturers are consistently investing in R&D activities to introduce innovative devices that provide accurate and reliable monitoring. Introduction of devices with advanced features such as multi-parameter monitoring, wireless connectivity, and advanced data analytics, enable healthcare professionals to efficiently monitor patients and make informed decisions regarding anesthesia dosage.
Increasing usage of integrated anesthesia workstations
The anesthesia monitoring devices market is divided into integrated anesthesia workstations, basic anesthesia monitors, and advanced anesthesia monitors. The integrated anesthesia workstations segment of anesthesia monitoring devices industry is expected to witness high demand during 2023 and 2032, owing to the product’s ability to provide an all-in-one solution for healthcare providers. These workstations offer several advantages, including reduced equipment footprint, simplified workflow, and improved patient monitoring. Integrated anesthesia workstations are gaining popularity in operating rooms and intensive care units, as they streamline anesthesia delivery and monitoring processes, leading to better patient care and improved operational efficiency.
Product adoption in ASCs to ensure patient safety
Anesthesia monitoring devices market is classified into ambulatory surgical centers and hospitals. The ambulatory surgical centers (ASCs) end-use segment is anticipated to contribute substantially to the industry value by 2032, due to the rising number of surgeries performed in these centers. ASCs are characterized by convenience, shorter hospital stays, and cost-effectiveness. Anesthesia monitoring devices are crucial in ASCs to ensure patient safety during surgical procedures, as these centers often handle complex surgeries that require comprehensive monitoring.
Improving medical care in the Asia Pacific region
The Asia Pacific region is expected to exhibit significant increase prospects for the anesthesia monitoring devices market during 2023 to 2032. The regional industry development can be attributed to factors such as the increasing geriatric population, rising prevalence of chronic diseases, and growing investments in healthcare infrastructure. Countries in the region has seen a notable rise in surgical procedures, which has compelled governments to focus on improving medical care. The rising adoption of advanced healthcare technologies and increasing awareness about patient safety are driving the demand for anesthesia monitoring devices in the region.
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Moving on, the major contenders in the global anesthesia monitoring devices market include names like Masimo Corporation, Medtronic plc, Infinium Medical, Inc., Koninklijke Philips N.V., Nihon Kohden Corporation, Mindray Medical International Ltd., GE Healthcare, Dragerwerk AG & Co. KGaA, Fukuda Denshi Co. Ltd., and Schiller AG among others. These industry behemoths are constantly seeking acquisition & merger opportunities and focusing on R&D to expand their product offerings and multiply their revenues.
Partial Table of Contents (ToC) of the report:
Chapter 3 Anesthesia Monitoring Devices Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Growing chronic diseases burden worldwide
3.2.1.2 Increasing number of surgical procedures
3.2.1.3 Technological advancements in anesthesia monitoring
3.2.1.4 Growing base of geriatric population
3.2.2 Industry pitfalls & challenges
3.2.2.1 Lack of awareness among the professional operating the devices
3.2.2.2 High cost of the devices
3.3 Growth potential analysis
3.3.1 By product
3.3.2 By end-use
3.4 COVID-19 impact analysis
3.5 Technology landscape
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 Asia Pacific
3.7 Porter's analysis
3.8 PESTEL analysis
Chapter 4 Competitive landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Competitive dashboard, 2022
4.4 Company market share analysis, 2022
4.5 Vendor matrix analysis, 2022
4.6 Competitive analysis of major market players
4.7 Competitive positioning matrix
4.8 Strategic outlook matrix
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