Anaesthesia is used to induce insensitivity during surgery to eliminate pain. The anaesthesia monitoring devices are used to check the patient’s reaction towards anaesthesia during the surgical process. In other words, these devices help in monitoring the dosage of anaesthesia. The requirement of these devices depends upon the nature of surgery done and it differs in every case. Appropriate monitoring of the patient minimises the risks attached to anaesthesia and surgery. The rising number of surgeries performed across the globe due to the rapid influx of chronic diseases among people is the major driving factor of the anaesthesia monitoring devices market. The Anaesthesia Monitoring Devices Market is accounted approximate USD 1289.2 million in 2020 and it is expected to reach approximate USD 4039.8 million by 2030 with a CAGR of 12.1% during forecast period. 

Market Segmentation:

On the basis of product type, the anaesthesia monitoring device market can be classified into basic anaesthesia monitor, advanced anaesthesia monitor, and integrated anaesthesia workstation. The advanced anaesthesia monitor type can be further segmented into gas monitors, standalone capnography monitors, monitors for depth of anaesthesia, and MRI compatible anaesthesia monitors. Based on end-users, the market is segmented into hospitals, clinics, ambulatory surgery centres, and others. Geographically, the global anaesthesia monitoring devices market can be broadly divided into mainly North America, Europe, Asia Pacific, and ROW.

Market Dynamics and Factors:

The growing geriatric population and patient pool; rising number of surgeries performed; and technological advancements in anaesthesia monitoring are the key factors driving the global anaesthesia monitoring devices market. For instance, according to the United Nations Department of Economic & Social Affairs, the population of people above 60 years is growing at a high rate. In 2013, the total percentage of geriatric population across the globe was 11.1% and is expected to reach 21.1% by 2050. Additionally, rising income levels and growing awareness amongst people have augmented the demand for pain-free surgeries and thus enhanced the market growth of anaesthesia monitoring devices.  However, high costs of the devices, abundance of conventional patient monitoring techniques, and lack of skilled professionals are certain factors that are restraining the market growth of anaesthesia monitoring devices.

Geographic Analysis:

North America is expected to dominate the anaesthesia monitoring devices market globally in terms of market share during the forecast period. Advanced healthcare infrastructure, extensive technological advancements in healthcare, and the presence of a huge geriatric population suffering from chronic ailments are the major factors attributing towards the market dominance of the region. For instance, the American Hospital Association in 2016 declared that there were around 5625 hospitals in the U.S with a total patient population of 34.8 million. The Asia Pacific region is anticipated to witness huge growth during the forecast period. The rising patient population; advancements in healthcare infrastructure; and growing medical tourism in APAC countries have resulted in the rise in the number of surgeries performed and in turn has attributed towards the market growth of anaesthesia monitoring devices in the region.  

Competitive Scenario:

The key players operating in the global anaesthesia monitoring devices market are –

GE Healthcare, Philips Healthcare, Medtronic PLC, Micropore Inc., Nihon Kohden Corporation, Norvap Medical, Dragerwerk AG & Co., Schiller AG, Mindray Medical International Limited, Masimo Corporation.

Anaesthesia Monitoring Devices Market Report Scope