Anesthesia Monitoring Devices Market Worth 1,616 Million USD by 2020
PUNE, India, October 21, 2015 /PRNewswire/ --
According to a new market research report "Anesthesia Monitoring Devices Market by Product (Basic Anesthesia Monitors, Advanced Anesthesia Monitors, Integrated Anesthesia Workstations), End User (Hospital, Ambulatory Surgery Centers), and Geography - Global Forecast to 2020", published by MarketsandMarkets, The global anesthesia monitoring devices market was valued at USD 820.9 Million in 2014 and is projected to reach USD 1,616 Million by 2020, at a CAGR of 12.0% from 2015 to 2020.
Browse 75 market data Tables and 83 Figures spread through 129 Pages and in-depth TOC on "Anesthesia Monitoring Devices Market"
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Anesthesia monitoring devices are available as a part of sophisticated multi-parameter patient monitors, or as a component of a high-end anesthesia workstation, or as a standalone unit. Technological changes as well as the growing usage of anesthesia monitors in the freestanding surgery centers are contributing to the increased growth of the anesthesia monitor devices market. The global market is expected to grow due to the rise in aging population, increasing number of surgeries, growing awareness among physicians, and advancements in technology. Despite this, high cost of anesthesia monitoring devices and the availability of conventional techniques are the major restraining factors of this market.
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This market is segmented and forecasted on the basis of product, end user, and geography. The product comprises of advanced anesthesia monitors, basic anesthesia monitors, integrated anesthesia workstation, and others (IT enabled). The advanced anesthesia monitors are further subsegmented into anesthesia gas monitors, depth of anesthesia, standalone capnography monitors, and others (MRI compatible anesthesia monitors). On the basis of end user, the market is segmented into hospitals and ambulatory surgery centers. The market is further segmented and forecasted on the basis of major regions, which include North America, Europe, Asia-pacific and the rest of the world (RoW).
In 2014, 31.5% of the global anesthesia monitoring devices market was dominated by North America. The market in North America is growing due to increased patient safety and awareness among doctors and patients for low flow aesthetic agents. The European market, growing due to technological advancements, has been dominated majorly by Drägerwerk AG & Co. KGaA. However, the North American and European markets are moving toward the maturity phase.
This report also includes the market share, approaches for arriving at the market size, new technology developments, product matrix, life cycle analysis, Porter's five forces analysis, and price analysis by product. In this report, market metrics are also included, such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profile of key players in the market, including major companies which provide anesthesia monitoring devices as a product.
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