Anesthesia Monitoring Device Market to Reach USD 1.9 Bn in 2024, States Grand View Research in New Report Available at MarketPublishers.com30 Jun 2016 • by Natalie Aster
LONDON – The world market for anesthesia monitoring devices is poised to amount to a value of USD 1.9 billion by 2024. The growing elderly population and the soaring volume of surgical operations are fuelling the market growth. Furthermore, the increase in the physicians’ awareness about the different factors that impact patient outcomes, like the preference for anesthetic drug, proper dose of the anesthetic, relevant RoA, along with the monitoring of the depth of anesthesia are expected to speed up the market’s expansion in the offing.
Technology advances with respect to portability, accuracy, and affordability have led to the surging use of anesthesia monitoring devices.
Of the product types, advanced anesthesia monitors captured the majority share of over 60% as of 2015 due to its reliability, durability and accuracy as well as their ability to monitor different key parameters like oxygen saturation and CO2 levels, cardiac rate, and blood pressure.
In terms of end-user, hospitals demonstrated remunerative growth in 2015, mainly owing to the availability of progressive diagnostic and therapeutic technologies enabling more accurate and faster diagnosis, as well as to the presence of competent personnel.
North America was the largest country market in 2015, grabbing a share of over 35% of the industry’s global revenue.
New study “Anesthesia Monitoring Devices Market Analysis” elaborated by Grand View Research gives a detailed assessment of the industry worldwide. The report provides detailed market segmentation by product, end-use sector and by geography. It examines the anesthesia monitoring device market size and development prospects to 2024, discusses key market drivers and restraints, pinpoints key opportunities, and offers PESTEL analysis and Porter’s five forces analysis. Furthermore, the report canvasses the competitive landscape and profiles the ten leading industry players.
More new studies by this publisher are available at Grand View Research page.