Anesthesia Monitoring Devices Market Analysis

Anesthesia Monitoring Devices Market Analysis

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The anesthesia monitoring devices market by product is categorized into advanced anesthesia monitors, basic anesthesia monitors, and integrated anesthesia workstations. The advanced anesthesia monitors segment is further subdivided into anesthesia gas monitors, depth of anesthesia, standalone capnography monitors and others. The advanced anesthesia monitors segment garnered USD 318.2 million revenue size in 2022. Advanced anesthesia monitors often include depth of anesthesia monitoring capabilities. These monitors provide several parameters such as bispectral index (BIS), entropy or spectral analysis to measure the patient's level of consciousness and the depth of anesthesia. Moreover, integration of capnography with the anesthesia monitor allows for real-time monitoring and helps detect abnormalities or complications related to respiration.
 

Based on end-use, the anesthesia monitoring devices market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment is accounted for over 72% market share in 2022. High segment growth is attributable to high demand for monitoring equipment in surgical and perioperative settings. Moreover, rising integration of advanced patient monitoring devices among hospital settings to enhance patient outcome.
 

U.S. anesthesia monitoring devices market accounted for USD 523.2 million revenue size in 2022.Increasing geriatric population base along with the rising incidence of cancer in the country will drive the U.S. industry gains. For instance, as per the American Cancer Society, in 2021, it was estimated that over 1.9 million new cancer patients were diagnosed and around 608,570 cancer patient’s deaths in the U.S. Moreover, growing awareness regarding remote patient monitoring devices for improved accuracy, portability, connectivity, and user-friendly interfaces, Increasing number of surgical procedures, advancements in technology, strong presence of industry players and a growing emphasis on patient safety during anesthesia administration are few factors are estimated to boost overall business.