New York, April 29, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Depth of Anesthesia Monitoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Purchasing Type (Direct Purchase and Group Purchasing Organization), Product (Devices and Consumables), and End User (Hospitals, Clinics, Ambulatory Surgery Centers, and Others)”, the global depth of anesthesia monitoring market growth is driven by the rising number of surgical procedures and increasing employment rate of anesthesia professionals. However, the high cost associated with the depth of anesthesia monitoring devices hampers the market growth. The hospitals segment dominated the global market and accounted for the largest market share of 42.71% in 2021.
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| Report Coverage | Details |
| Market Size Value in | US$ 203.32 million in 2021 |
| Market Size Value by | US$ 280.83 million by 2028 |
| Growth rate | CAGR of 4.7% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
| No. of Pages | 167 |
| No. Tables | 84 |
| No. of Charts & Figures | 75 |
| Historical data available | Yes |
| Segments covered | Purchasing Type, Product, and End User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Depth of Anesthesia Monitoring Market: Competitive Landscape and Key Developments
Companies operating in the depth of anesthesia monitoring market implement various organic developments that lead to dynamic improvements in the market. Various organic growth strategies, such as product launch and product development, enhance the market growth. Several companies are implementing numerous inorganic strategies such as partnerships and mergers and acquisitions.
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In April 2022, GE Healthcare announced FDA pre-market approval (PMA) for its End-tidal (Et) Control Software intended for general anesthesia delivery on its Aisys Cs2 Anesthesia Delivery System. The Et control software semi-automates the delivery of anesthesia using software, allowing anesthesia providers to set targets for end-tidal oxygen and anesthetic agent. The product improves anesthesia delivery accuracy and simplifies workflows.
In September 2020, Mindray North America entered into a strategic collaboration with Amazon Business to offer healthcare systems, hospitals, and clinicians immediate and direct access to a broad range of Mindray's innovative, category-leading patient monitoring, anesthesia, and ultrasound imaging products and associated accessories.
In January 2017, GE Healthcare launched the new CS600 Carestation Series in Indonesia—the latest technology of anesthetic tool which is easier to operate, accurate, flexible, and capable of reducing errors in surgery rooms. With this latest anesthetic tool, it is possible to improve the quality of anesthesia and perioperative care with safer processes of surgery.
Global Depth of Anesthesia Monitoring Market: Key Insights – Future Trends
The rising number of technological product approvals and launches would fuel the growth of the depth of anesthesia monitoring market in the coming years. Increasing computational power brings the ability to monitor every aspect of the patient's movements and response during surgery, leading to better and more accurate outcomes of anesthesia monitoring. A leap in medical technologies will result in a solid integration of monitors with software. Further, an increase in usage of these devices and the launch of high-tech products and investments in the depth of anesthesia monitoring market by private players are resulting in significant growth as the depth of anesthesia monitoring market is characterized by presence of many small and big companies.
Companies are adopting strategies such as new product launches, geographic expansions, and technological advancements to increase their market share. Innovations and technological advancements have eased out anesthesia administration, monitoring, and efficacious drug use. Leading players in the depth of anesthesia monitoring market are investing in R&D to develop advanced technologies and enhance their revenue performances. For instance, in February 2022, Masimo announced the FDA clearance of the SedLine brain function monitoring device for pediatric patients (1–17 years of age) and the SedLine Pediatric EEG Sensor. Thus, such initiatives taken by key players operating in the market are expected to fuel the depth of anesthesia monitoring market growth.
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France is more aware about depth of anesthesia monitoring than other European countries. The depth of anesthesia monitoring market is expected to boost significantly due to the rising number of surgeries. For instance, as per the data published by Organization for Economic Co-operation and Development (OECD), in 2018 the total number of surgical procedures were reported as 898,775 among which 20,207 were prostatectomies performed in France. These surgeries cannot be performed without anesthesia and thus there is need of depth of anesthesia monitors to facilitate the surgical procedure accurately with right dose and other parameters.
Depth of Anesthesia Monitoring Market: Segmental Overview
Based on product, the depth of anesthesia monitoring market is segmented into devices and consumables. The devices segment held a larger market share in 2021. Moreover, the same segment is anticipated to register a higher CAGR during the forecast period. Recent advances in EEG-based monitors have made essential contributions to understanding the fundamental changes in brain activity using anesthetic agents. Constant innovation and advancement in medical technology will augment the devices segment in the depth of anesthesia monitoring market due to the considerable difference in cost of procurement and maintenance of devices and consumables. The providers also focus on good quality monitoring devices as they improve the overall quality of care and workflow.
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Browse Adjoining Reports:
Anesthesia Monitoring Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Basic Anesthesia Monitors, Integrated Anesthesia Workstations, Advanced Anesthesia Monitors, Others (IT Enabled Monitors)); End user (Hospitals, Ambulatory surgical centers)
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EEG Machines Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Integrated EEG and Portable EEG), Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma and Surgery, and Others), and End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Laboratories, and Others), and Geography
Endotracheal Tubes Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Intubation (Orotracheal Intubation, Nasotracheal Intubation); Application (Anesthesia, Emergency Treatment, Other Applications); End User (Hospitals, Clinics, Ambulatory Surgical Centers, Other End Users), and Geography
Non-invasive Ventilation Masks and Circuits Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Non-invasive Ventilation Circuits , Non-invasive Ventilation Masks); Application (Anesthesia, Respiratory Dysfunction, Chronic Obstructive Pulmonary Diseases, Pneumonia, Others); End-user (Hospitals, Ambulatory Surgery Centers, Critical Care, Neonatal Intensive Care, Homecare Settings) and Geography
Medication Carts Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Emergency Cart, Procedure Cart, Computer Medical Cart, Anesthesia Cart, and Others); Material Type (Metal Type, Plastic Type, and Others); End User (Hospitals And Clinics, Ambulatory Surgical Centers, and Others)
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