The Anesthesia Monitoring Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Anesthesia Monitoring Devices Global Market Report 2024, The anesthesia monitoring devices market size has declined in recent years. It will grow from $3.93 billion in 2023 to $3.78 billion in 2024 at a compound annual growth rate (CAGR) of -3.7%. 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 marginal growth in the next few years. It will grow to $3.87 billion in 2028 at a compound annual growth rate (CAGR) of 0.6%. 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.
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, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, in 2021, approximately 235 million major surgical procedures are undertaken worldwide every year. Most of the surgical procedures are cesarean section, neurosurgical procedures, intra-abdominal procedures, and orthopedic procedures. Also, there is an increase in the number of patients undergoing surgeries at ambulatory surgery centers. Therefore, the increasing number of surgeries will drive the anesthesia monitoring devices market.
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The anesthesia monitoring devices market covered in this report is segmented –
1) By Product: Advanced Anaesthesia 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
Increasing adoption of substitute technologies such as OLED is likely to restrain the backlight LED market growth. The power consumption of OLEDs is less when compared to LEDs because OLEDs generate light themselves and do not require backlighting. The battery-operated devices will be highly benefited from OLED features, thus affecting the growth of the backlight LED market.
The anesthesia monitoring devices market report table of contents includes:
1. Executive Summary
2. Anesthesia Monitoring Devices Market Characteristics
3. Anesthesia Monitoring Devices Market Trends And Strategies
4. Anesthesia Monitoring Devices Market – Macro Economic Scenario
5. Global Anesthesia Monitoring Devices Market Size and Growth
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26. South America Anesthesia Monitoring Devices Market
27. Brazil Anesthesia Monitoring Devices Market
28. Middle East Anesthesia Monitoring Devices Market
29. Africa Anesthesia Monitoring Devices Market
30. Anesthesia Monitoring Devices Market Competitive Landscape And Company Profiles
Top Major Players:
- Baxter International Inc
- Cardinal Health Inc
- Draegerwerk AG & Co. KGaA
- GE Healthcare
- Heyer Medical AG
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