The global anaesthesia monitoring device market is expected to grow with CAGR of 12.00% in the forecast period of 2016-2023. The major factors driving the global anaesthesia monitoring device market are rising awareness amongst physicians, increasing value of surgeries, and increasing base of geriatric population. On the other hand, due to lack of skilled professionals and financial & budget constraints to hospital is the major factors which are hampering the overall growth of the market. The geriatric population is extremely prone to chronic illnesses and degenerative diseases which has triggered an increased verge on surgeries and therapeutics. This demands for continuous monitoring, thus would boost the growth of the Anaesthesia monitoring devices market. Moreover, age-related changes in the central and peripheral nervous system affect the older adult's response to anaesthetics and other medications, as well as the perception of pain. Between 2015 and 2030, the number of people in the world aged 60 years or over is expected to raise by 56 per cent, from 901 million to 1.4 billion. Worldwide, the number of people the “oldest-old” persons, aged 80 years or over, is rising even quicker than the number of older persons overall. According to the esa.un.org, projections indicates that the global population of older persons by the end of 2050 will reach number of 434 million is expected to increase more than tripled in number since 2015 which was just 125 million. In United States of America, nearly 40 percent of all surgical procedures are performed on patients over sixty-five which is registered only 13 percent of the US population in 2015. The American Society of Anaesthesiologists (ASA) Physical Status score, indicating severe systemic disease, is a recognized predictor of adverse outcomes after surgery in patients of all ages but does not specify age as a factor.
The adoption of Anaesthesia monitoring device in market is driven by following factors:
- Rising awareness amongst physicians
- Technological advancement
- Increasing value of surgeries
- Increasing base of geriatric population,
Source: OBRC Analysis
The anaesthesia monitoring devices market is segmented on the basis of product and end-user. On the basis of product, the anaesthesia monitoring device market is further segmented as:
- Basic Anaesthesia Monitors
- Integrated Anaesthesia Workstations
- advanced anaesthesia monitors
- Others
On the basis of end-user, the anaesthesia monitoring device market is further segmented as:
- Hospitals
- Ambulatory Surgery Centres
According to segmentation, Facility management software is showing the significant market growth due to lighting systems in the building and can save cost from effective management of HVAC (Heating, ventilation, and air conditioning). And also efficient management can result in significant cost saving and consume the highest power in the building.
The revenue for the above product and end-user segment are specific to the anaesthesia monitoring device market. However, the total revenue of these product and end-user in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up product and end-user.
Geographically, anaesthesia monitoring devices market has been segmented on the basis of four major region, which include:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America is accounted to be the largest market share for anaesthesia monitoring device market due to increasing competition in the market and widespread technological advancements. Technological has been integrated into almost every facet of anaesthesia practice, from patient monitors and anaesthesia machines to documentation and drug delivery. Moreover, many of the innovators and researchers are continuously working on leveraging new technologies with some exponential benefits such as enhanced financial oversight and responsibility, improved patient care and many more. One of the technology, Anaesthesia information management systems (AIMS) started as a simple automated intraoperative record keeper, allows for the manual notation of intraoperative events (eg, drug administration). Moreover, the core function of which continuous electronic anaesthesia record that captures and documents the patient’s physiologic data (eg, vital signs). Apart from this, Asia-Pacific is the most significant high growth market due to developing healthcare network and unmet wants of large population w which is anticipated to urge the growth of anaesthesia monitoring devices in this region.
The major market players of the global anaesthesia monitoring device market are:
- BAXTER INTERNATIONAL, INC
- CARDINAL HEALTH
- GE HEALTHCARE
- INFINIUM MEDICAL
- MEDTRONIC, INC
- NIHON KOHDEN CORPORATION
- PHILIPS HEALTHCARE
- SCHILLER AG
- CRITICARE SYSTEMS, INC.
- COVIDIEN PLC
- HEYER MEDICAL AG
On April 3, 2017, Royal Philips and B. Braun jointly has decided to launch a novel technology in ultrasound-guided regional anaesthesia and vascular access, leading to enhanced patient care and hospital efficiency. Xperius* is the new mobile ultrasound system which is specially designed as the platform to support current and future integrated solutions in ultrasound-guided regional anaesthesia.
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching. Acquisitions and mergers are the key strategies adopted by the market players to sustain in the market.
Why to buy the report:
This report will provide you:
- Provide you the business strategies adopted by market player such as partnership. For Example: On November 14, 2016 Heyer and Plexus technology group has decided to sign a partnership agreement to represent proven Anaesthesia ENR at MEDICA 2016.
- Provide in detail the different segments such as by communication technology and end-users which are affecting the global anaesthesia monitoring device market.
- Identify, understand, and the strength, opportunities, challenges and threat of the anaesthesia monitoring device market.
- Provide revenues of major players of the market such as GE HEALTHCARE and PHILIPS HEALTHCARE, BAXTER INTERNATIONAL, INC
- Provide you various the regulatory policies which are affecting the global anaesthesia monitoring device market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global anaesthesia monitoring device market offers the longest chain of market segmentation covering major market segmentation based on products and end users. The report tracks the major market trends in the global anaesthesia monitoring device market such as rising availability of effective treatment options. For each market segments covered in global anaesthesia monitoring device market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the anaesthesia monitoring device industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, see saw analysis, and porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global anaesthesia monitoring device market:
- Increasing base of geriatric population
- Technological advancement & increasing value of surgeries, is also fuelling growth in global anaesthesia monitoring device market.
- North America is anticipated to account the largest revenue share in 2016.
- Advanced anaesthesia monitors segment is the dominating market.
- Partnership is the key strategy adopted by the various market players of global anaesthesia monitoring device market.
- Hospitals end-user segment is the major segment of end-user segment.