At what pace is the anesthesia monitoring devices market growing, and what is its estimated value?
The anesthesia monitoring devices market size has declined in recent years. It will decline from $3.67 billion in 2024 to $3.51 billion in 2025 at a compound annual growth rate (CAGR) of -4.5%. The decline in the historic period can be attributed to high cost of anesthesia monitoring devices, high cost of maintenance, covid Impact.
The anesthesia monitoring devices market size is expected to see steady growth in the next few years. It will grow to $4.05 billion in 2029 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to growing healthcare expenditure, remote monitoring and telemedicine, rise in minimally invasive surgery, rise in economic growth. Major trends in the forecast period include integration with electronic health records (EHR), artificial intelligence (AI) and machine learning, mobile apps and wearables, advanced sensors and connectivity, non-invasive monitoring technologies.
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What are the top drivers to the rising demand in the anesthesia monitoring devices market?
The increase in the number of surgeries globally is expected to propel the growth of the anesthesia monitoring devices market. The number of surgeries for hip fracture repair, neurosurgical procedures, cesarean section, and other surgeries is increasing, and therefore, in turn there is a rising demand for anesthesia monitoring devices. For instance, in June 2024, according to the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based society of certified aesthetic plastic surgeons, in 2023, the total number of surgical and non-surgical procedures rose by 3.4%, reaching 34.9 million. Therefore, the increasing number of surgeries will drive the anesthesia monitoring device market.
How is the anesthesia monitoring devices market segmented?
The anesthesia monitoring devices market covered in this report is segmented –
1) By Product: Advanced Anesthesia Monitors, Basic Anesthesia Monitors, Integrated Anesthesia Workstation
2) By Application: Cardiology, Neurology, Dental, Ophthalmology, Urology, Orthopedics, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Nursing Homes
Subsegments:
1) By Advanced Anesthesia Monitors: Multi-parameter Monitors, EEG Monitors, Gas Analyzers
2) By Basic Anesthesia Monitors: Pulse Oximeters, Blood Pressure Monitors, Capnometers
3) By Integrated Anesthesia Workstation: Anesthesia Delivery Systems, Ventilation Systems, Monitoring Systems
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Who are the top competitors in the anesthesia monitoring devices market?
Major companies operating in the anesthesia monitoring devices market include Baxter International Inc., Cardinal Health Inc., Draegerwerk AG & Co. KGaA, GE Healthcare, Heyer Medical AG, Intersurgical Limited, Medtronic Inc., Mindray Medical International Limited, Nihon Kohden Corporation, Philips Healthcare, Smiths Medical Inc., Infinium Medical Inc., Fukuda Denshi Co. Ltd., Becton Dickinson and Company, Ambu A/S, Teleflex Incorporated, Ventlab, ACOMA Medical Industry Co., BPL Medical Technologies, Dixion GmbH, Löwenstein Medical GmbH & Co. KG, Medasense Biometrics Ltd., Veterinary Anesthesia Systems Inc., CNSystems Medizintechnik GmbH, Allied Medical Limited, Criticare Technologies Inc., Masimo Corporation, Spacelabs Healthcare Inc., Mennen Medical Ltd., BrainU Co. Ltd., OSI Systems Inc., Penlon Limited, Natus Medical Incorporated, Schiller AG, Edwards Lifesciences Corporation, Bionet Co. Ltd., DRE Medical Inc., Digicare Biomedical Technology Inc.
How will evolving trends contribute to the growth of the anesthesia monitoring devices market?
Technological advancements are a key trend gaining popularity in the anesthesia monitoring devices market. Many companies are launching new, technologically advanced products in the anesthesia monitoring devices industry. For example, in April 2022, SCHILLER, a Switzerland-based launched the MRI-compatible patient monitor MAGLIFE RT-1 The MAGLIFE RT-1 performs patient monitoring in an MRI environment including all necessary vital parameters during anesthesia. The MAGLIFE RT-1 allows for close monitoring during the examination and can be fully controlled from outside the Faraday cage through the MAGSCREEN RT-1. The system is designed for all patients: adults, children and neonates.
Which geographic trends are shaping the anesthesia monitoring devices market, and which region has the highest market share?
North America was the largest region in the anesthesia monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anesthesia monitoring devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Anesthesia Monitoring Devices Market Report 2025 Offer?
The anesthesia monitoring devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Anesthesia monitoring devices are the instruments that are used to assess a patient’s response towards anesthetic drugs during a surgical procedure. They help the anesthetist to monitor and display the dose of anesthetic drugs used on the patient.
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