Anesthesia Monitoring Devices Market, By Product (Basic Anesthesia Monitor, Integrated Anesthesia Workstation, Advanced Anesthesia Monitor, and Other Products), By End User (Hospitals and Ambulatory Surgery Centers), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Mar 2023

Code : CMI1640

Pages :166

Formats :

Excel and PDF

Industry : Medical Devices

Anesthesia Monitoring Devices MarketSize and Trends

The global anesthesia monitoring devices market was valued at US$ 2,187.4 Mn in 2023 and is forecast to reach a value of US$ 4,913.4 Mn by 2030 at a CAGR of 10.7% between 2023 and 2030. The global anesthesia monitoring devices market is experiencing strong growth due to the rise in number of surgical procedures and rise in prevalence of chronic diseases. Moreover, rise in preference for minimally invasive surgeries and growing geriatric population around the world is expected to boost growth of the market. However, factors such as high cost of monitoring devices and availability of conventional techniques are expected to hamper the market growth.

Global Anesthesia Monitoring Devices Market: Regional Insights

Based on geography, the global anesthesia monitoring devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Figure 1. Global Anesthesia Monitoring Devices Market Share (%), by Region, 2023

Global Anesthesia Monitoring Devices Market Trends:

Development of record-keeping systems is a recent trend

Automatic record-keeping systems, such as anesthesia information management systems (AIMS), help in the automated and reliable collection, storage, and presentation of patients' medical history during the perioperative period. These are the specialized forms of electronic health record (EHR) systems that provide basic record-keeping functions and provide end-users with ready access to patient history that can be used to facilitate quality assurance and research functions. This in turn is expected to drive the growth of the market.

Introduction of new monitoring techniques is another trend

Players in the market are focusing on developing and launching new monitoring techniques in the market to meet increasing demand. Introduction of new monitoring techniques, such as monitoring depth of anesthesia, improved warning device, goal-directed fluid therapy, advanced neurological monitoring, and technological advancements within the objective of pain assessment, are driving the market. This trend is expected to continue over the forecast period.