Anesthesia Monitoring Devices Market

Anesthesia Monitoring Devices Market Outlook (2022 to 2032)

The global anesthesia monitoring devices market stands at US$ 2.2 Billion and is projected to climb to US$ 5.2 Billion by the end of 2032. Over the next five years, worldwide shipments of anesthesia monitoring devices are anticipated to increase at an impressive CAGR of 9.1%.

Sales of anesthesia monitoring systems are expected to increase faster in China than the world’s average, at 11% CAGR through 2032.

Anesthesia monitoring devices include an inflatable blood pressure cuff. This is usually strapped around upper arm. A pulse oximeter, a small instrument that is attached to your finger, toe, or earlobe to measure the level of oxygen in blood. Rapidly growing healthcare infrastructure and increasing utilization of anesthesia in surgery is projected to drive the growth of the anesthesia monitoring devices market over the forecast period.

Technological advancement in anesthesia technology and growing inclination towards patient centric healthcare services are factors expected to boost the demand for anesthesia monitoring devices.

Also, the increasing safety awareness amongst physicians and the soaring volume of surgeries is expected to boost the demand for anesthesia monitoring devices. For instance, globally, a staggering 310 million major surgeries are performed each year; around 40 to 50 million in USA and 20 million in Europe.

Geographically, the global anesthesia monitoring devices market is segmented into five key regions viz North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America will continue to dominate the global market due to the availability of advanced surgical technologies and high healthcare spending.

Europe is expected to hold second large share in the global anesthesia monitoring devices market. APAC anesthesia monitoring devices market is expected to witness steady growth due to improving healthcare facility among end users.

Report Attributes	Details
Anticipated Base Year Value (2021)	US$ 1.9 Billion
Expected Market Value (2022)	US$ 2.2 Billion
Projected Forecast Value (2032)	US$ 5.2 Billion
Global Growth Rate (2022 to 2032)	9.1%
Market share of US (2022)	US$ 480 Million
CAGR of China (2022 to 2032)	11%
Prominent Players in The Global Market	Mindray Medical International Limited; Drägerwerk AG & Co. KGaA; Masimo Corporation; Monitor Mask Inc.; GE Healthcare; Koninklijke Philips N.V.; Schiller AG; Pfizer Inc.

Revenue Analysis of Anesthesia Monitoring Devices (2017 to 2021) in Comparison to Market Growth Forecasts (2022 to 2032)

As per the Fact.MR reports, the market for anesthesia monitoring market experinced a historical CAGR of 6.8% during 2017 to 2021. Administration of anesthesia is a crucial step in any surgery or medical procedure and if not handled with care could also put the patient’s life in danger.

To avoid this and ensure patient safety, anesthesia monitoring devices are used that monitor the anesthesia administration and patient’s response to anesthesia, which helps healthcare professionals make informed surgical decisions.

With rapid digitization of the medical industry, anesthesia monitoring equipment has become more advanced than ever before and is being extensively used across the world by anesthesiologists.

The high prevalence of chronic diseases has led to an increased number of surgeries being performed across the world, which is driving the anesthesia monitoring devices market potential and is expected to do so over the next five years as well.

The global anesthesia monitoring devices market is set to evolve at a stellar CAGR of 9.1% from 2022 to 2032, as per this new Fact.MR survey.

The growing senescent population, technological advancements in the patient monitoring industry, increasing focus on healthcare, rising investments in healthcare infrastructure development, rising focus on patient safety, and increased healthcare spending are other factors that are expected to drive sales of anesthesia monitoring devices through 2032.

What Market Trends Are Influencing Anesthesia Monitoring Devices Market Sales?

“Increasing Number of Surgeries Driving Anesthesia Monitoring System Sales”

The world has witnessed a notable increase in diseases that require hospitalization and surgery for treatment and this has resulted in an increased number of surgeries performed across the world.

A growing aging population, increasing prevalence of chronic diseases, and rising healthcare spending are expected to result in more surgeries being performed and subsequently favor anesthesia monitoring devices market growth over the next five years.

The growth of the global anesthesia monitoring devices market is driven by the presence of healthcare facilities that are being extensively used in hospitals and among other end users. The rising adoption of safe healthcare practices in emerging economies is expected to create ample opportunities for growth for the global anesthesia monitoring devices market.

What are the Factors Hampering the Global Anesthesia Monitoring Devices Market?

“Expensive Nature of Anesthesia Monitoring Equipment”

Anesthesia monitoring systems are expensive in nature as they use state-of-the-art technologies and also come with a hefty installation and maintenance tag that many healthcare establishments cannot afford. Healthcare institutions in emerging and underdeveloped economies with budget constraints cannot afford such systems and hence, this has a restraining effect on the overall market growth.

The availability of conventional and affordable anesthesia monitoring techniques is also expected to further slowdown the demand for anesthesia monitoring devices.

Comparative View of Addiction Treatment Markets

Anesthesia Monitoring Devices Market :

Attributes	Anesthesia Monitoring Devices Market
Growth Factor	The technological advancement in anesthesia monitoring devices and increasing number of surgeries. and growing awareness among physicians about various factors such as the appropriate route of administration are expected to drive the growth of anesthesia monitoring devices market.
Opportunity	The rising aging population and patient pool expected to provide opportunities for the growth of the anesthesia monitoring devices market

Anesthesia Machines Market :

Attributes	Anesthesia Machines Market
Growth Factor	Increasing geriatric population and rising prevalence of chronic disorders such as diabetes, high cholesterol, and cancer are expected to rise the demand for anesthesia machines
Opportunity	The technological advancements in anesthetic systems are boosting their adoption in the healthcare industry are some of the factor propelling the market growth

Anesthesia Breathing Bags Market :

Attributes	Anesthesia Breathing Bags Market
Growth Factor	Rising prevalence of bronchial and respiratory diseases and increase in the geriatric population globally are the primary factors improving the growth of the anesthesia breathing bags market
Opportunity	The rising adoption of safe healthcare practices and the expansion of the healthcare industry provides the opportunity for the growth of the anesthesia breathing bags market

Country-wise Analysis

Why are Anesthesia Monitoring Device Manufacturers Thriving in the U.S.?

“High Number of Surgeries Performed in U.S. Creating Lucrative Market Opportunities”

The United States has witnessed a notable increase in the incidence of cardiovascular diseases, cancers, obesity, and other illnesses, which have led to a rise in the number of surgeries performed in the country. This trend is expected to be rife over the next five years and favor anesthesia monitoring device demand in the country.

High healthcare expenditure, the presence of key anesthesia monitoring device suppliers, the rising geriatric population, and an increasing number of product launches in the U.S. are other factors that shape anesthesia monitoring equipment demand through 2032.

Rising popularity of minimally invasive procedures in the country has also favored the market potential in the country and this trend is expected to be rife over the years to come.

Currently, the U.S. anesthesia monitoring devices market accounts for a valuation of US$ 480.5 million.

What is the Outlook of Germany in the Anesthesia Monitoring Devices Market?

Well-established Healthcare Facilities in the Country Drive the Market Growth

Europe is estimated to account for a significant market share due to the rise in healthcare spending. With rising development in the healthcare industry and expansion of the pharmaceutical sector, the demand for anesthesia monitoring devices is expected to accelerate over the forecast period.

Factors influencing the expansion of anaesthesia monitoring devices in Germany are rapid growth in the geriatric population, rising prevalence of chronic diseases, and increasing healthcare expenditure.

For instance, a report published by Statista on 27 July 2022, The largest age group in Germany, with 23 million individuals, is 40 to 59. And 18.44 million people aged 65 and beyond made up the next-largest age group

Why is India a Prominent Market for Anesthesia Monitoring Devices?

“Rapidly Rising Investments in Healthcare Infrastructure Development”

The focus on healthcare has bolstered in India over the past few years owing to the rising incidence of chronic diseases, frequent viral outbreaks, and increasing investments in the healthcare industry.

The number of surgeries performed in this region is growing at a rapid pace and this can be ascribed to the growing geriatric population and rising medical tourism. All of the aforementioned factors are anticipated to favor anesthesia monitoring devices market potential in the India over the years to come.

Category-wise Insights

Which Type of Anesthesia Monitoring Device Will Witness Rising Preference?

“Advanced Anesthesia Monitors to Be Highly Popular Going Forward”

The global anesthesia monitoring devices market based on type is segmented into basic anesthesia monitors, integrated anesthesia workstations, advanced anesthesia monitors, and other product types.

Advanced anesthesia monitors are further bifurcated into gas monitors, standalone capnography monitors, monitors for depth of anesthesia, and MRI-compatible anesthesia monitors.

Demand for advanced anesthesia monitors is anticipated to be high across the forecast period owing to their high accuracy, durability, and reliability as compared to other anesthesia monitors. These advanced monitors are also capable of monitoring other vital signs and hence are expected to be highly preferred by healthcare professionals over the next five years.

Anesthetic gas monitors are expected to be highly popular over the coming years owing to the rising use of anesthetic gases such as sevoflurane, desflurane, halothane, nitrous oxide, etc.

Sales of advanced anesthesia monitors are projected to rise at a CAGR of 9% and account for a revenue value of nearly US$ 1.46 billion by the end of 2032.

Which End User Will Influentially Augment Demand for Anesthesia Monitoring Systems?

“Hospitals & Clinics to Account for Dominant Anesthesia Machines Market Share”

The anesthesia monitoring devices market based on end user is bifurcated into hospitals & clinics, ambulatory surgical centers, and other end users.

Technological proliferation in the healthcare industry has exponentially increased over the past few years and this has bolstered the use of advanced medical monitoring devices in various healthcare settings. Hospitals and clinics have been quick to adopt these advanced systems and increasing investments in healthcare infrastructure development across the world are expected to drive demand for anesthesia monitoring equipment in the hospitals and clinics segment through 2032.

Rising number of surgeries being performed in hospitals, growing rate of hospitalization, and rising focus on patient safety are anticipated to be other factors that favor anesthesia monitoring system sales in this segment over the coming years.

Start-Ups for Anesthesia Monitoring Devices Market

The new companies that have started to deal with the various kinds of anesthesia equipment have been focussed at employing smart technologies to enhance the productivity as well as the efficiency in the field.

• In September 2020, Medasense Biometrics Ltd., a pain monitoring start-up based in Israel, announced that it had raised US$ 18 million in a Series C funding round. The company uses its advanced AI algorithms with a unique parametric sensor platform to reduce postoperative pain in patients in the post-anesthesia care unit.
• Comen, founded in 2002 in Shenzhen, China, is a medical device manufacturer with R&D capacity serving the needs of medical professionals. Adhering to the end-user-focus thinking, Comen is committed to providing the world's most comprehensive monitoring product line, the world's first NICU solution, the world's first-class OR & ICU solution.

Competitive Landscape

With a significant number of large-scale suppliers commanding a majority of the market share, the global anesthesia monitoring devices market is fragmented. A majority of businesses are investing heavily in intensive R&D, especially to create environment-friendly products. Key market players are resorting to acquisitions and product portfolio expansion as primary growth tactics.

• In October 2020, Mindray, a leading healthcare device manufacturer and developer, introduced its new anesthesia systems and marked the company’s entrance into the high-end anesthesia machines marketplace. A9 and A8 anesthesia monitoring machines were introduced and made available in some select regions and Europe.
• Siere introduced the MORPHEUS M is an anaesthesia machine and it can be used on adult, children and newborn patients. The MORPHEUS M is suitable for administration of Oxygen - Air - Nitrous Oxide - Halothane - Enflurane - Isoflurane - Sevoflurane - Desflurane mixtures.

Segments of Anesthesia Monitoring Devices Industry Research

• By Product Type :

  • Basic Anesthesia Monitors
  • Integrated Anesthesia Workstations
  • Advanced Anesthesia Monitors
    • Gas Monitors
    • Standalone Capnography Monitors
    • Monitors for Depth of Anesthesia
    • MRI-compatible Anesthesia Monitors
  • Other Product Types

• By End User :

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Other End Users

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA