What Fueled The Previous Growth In The Anesthesia Monitoring Devices Market?
The anesthesia monitoring devices market has seen considerable growth due to a variety of factors.
• In recent years, the size of the anesthesia monitoring devices market has seen a reduction. It is projected to shrink from a value of $3.67 billion in 2024 to $3.51 billion in 2025, indicating a compound annual growth rate (CAGR) of -4.5%.
Factors such as the expensive nature of the anesthesia monitoring devices, elevated maintenance costs, and the effects of the Covid pandemic contribute to this decline.
What Can Be Expected from the Anesthesia Monitoring Devices Market Size?
The anesthesia monitoring devices market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the market size for anesthesia monitoring devices is projected to experience consistent growth. It's expected to reach a size of $4.05 billion by 2029, with a compound annual growth rate (CAGR) of 3.7%.
Factors likely to contribute to this growth during the forecast period include the increasing expenditure on healthcare, adoption of remote monitoring and telemedicine, a surge in minimally invasive surgery, and economic growth. Key trends to watch for in the forecast period are the integration with electronic health records (EHR), the uptake of artificial intelligence (AI) and machine learning, mobile apps and wearables, enhanced sensors and connectivity, and the rise of non-invasive monitoring technologies.
What Are the Critical Driver Fuelling The Anesthesia Monitoring Devices Market's Growth?
The global surge in surgical procedures is set to fuel the expansion of the anesthesia monitoring devices market. The escalating count of surgeries such as hip fracture repairs, neurosurgical procedures, cesarean section, among others, is consequently escalating the demand for anesthesia monitoring devices. For example, the International Society of Aesthetic Plastic Surgery (ISAPS), a society of certified aesthetic plastic surgeons based in the US, stated in June 2024 that there was a growth of 3.4% in the total number of surgical and non-surgical procedures in 2023, reaching a total of 34.9 million. As such, the rise in surgical procedures will serve as a catalyst for the growth of the anesthesia monitoring device market.
How Is The Anesthesia Monitoring Devices Market segmented?
The anesthesia monitoring devices market covered in this report is segmented –
1) By Product: Advanced Anesthesia Monitors, Basic Anesthesia Monitors, Integrated Anesthesia Workstation
2) By Application: Cardiology, Neurology, Dental, Ophthalmology, Urology, Orthopedics, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Nursing Homes
Subsegments:
1) By Advanced Anesthesia Monitors: Multi-parameter Monitors, EEG Monitors, Gas Analyzers
2) By Basic Anesthesia Monitors: Pulse Oximeters, Blood Pressure Monitors, Capnometers
3) By Integrated Anesthesia Workstation: Anesthesia Delivery Systems, Ventilation Systems, Monitoring Systems
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What New Trends Are Influencing The Anesthesia Monitoring Devices Market?
The uptrend in technological innovations is prominently observed in the anesthesia monitoring devices market with many companies unveiling advanced products in this industry. One such instance is from April 2022 when SCHILLER, a Switzerland-based company, introduced its MRI-compatible patient monitor, the MAGLIFE RT-1. It enables patient monitoring in an MRI setting, capturing all critical parameters during anesthesia. It supports vigilant monitoring during the medical examination and can be entirely operated from outside the Faraday cage using the MAGSCREEN RT-1. This system is suitably built for all patient groups including adults, children, and neonates.
Who Are the Key Players In The Anesthesia Monitoring Devices Market?
Major companies operating in the anesthesia monitoring devices market include:
• Baxter International Inc.
• Cardinal Health Inc.
• Draegerwerk AG & Co. KGaA
• GE Healthcare
• Heyer Medical AG
• Intersurgical Limited
• Medtronic Inc.
• Mindray Medical International Limited
• Nihon Kohden Corporation
• Philips Healthcare
• Smiths Medical Inc.
• Infinium Medical Inc.
• Fukuda Denshi Co. Ltd.
• Becton Dickinson and Company
• Ambu A/S
• Teleflex Incorporated
• Ventlab
• ACOMA Medical Industry Co.
• BPL Medical Technologies
• Dixion GmbH
• Löwenstein Medical GmbH & Co. KG
• Medasense Biometrics Ltd.
• Veterinary Anesthesia Systems Inc.
• CNSystems Medizintechnik GmbH
• Allied Medical Limited
• Criticare Technologies Inc.
• Masimo Corporation
• Spacelabs Healthcare Inc.
• Mennen Medical Ltd.
• BrainU Co. Ltd.
• OSI Systems Inc.
• Penlon Limited
• Natus Medical Incorporated
• Schiller AG
• Edwards Lifesciences Corporation
• Bionet Co. Ltd.
• DRE Medical Inc.
• Digicare Biomedical Technology Inc.
What Is The Most Dominant Region In The Anesthesia Monitoring Devices Market?
North America was the largest region in the anesthesia monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anesthesia monitoring devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
