The report forecasts the global anesthesia and gas monitoring devices market to grow at a CAGR of 11.08% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the primary drivers in the market is partnership between companies and clinical institutes/governments to increase skilled professionals. Partnerships between companies and clinical institutes/governments are helping to increase trained anesthesiologists in the market. As there are advanced anesthesia products, through training programs the company can educate about anesthesia administration and use of stand-alone and integrated anesthesia gas monitoring devices.
Further, the report states that one major challenge in the market is demand for MI surgical procedures owing to high cost of open surgeries. Though the global anesthesia gas monitoring devices market is growing steadily, the increasing popularity of MI surgical procedures that require regional and local anesthesia is leading to a decline in the demand for general anesthesia in North American countries such as the US and Canada, and Western European countries such as the UK, France, and Germany. The customer base in this market is opting for low-cost products and surgical procedures, in effect phasing out the more expensive open surgical procedures where general anesthesia is required.