Anesthesia Monitoring Devices Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Anesthesia Monitoring Devices Market is segmented By Product type (Basic Anesthesia Monitors, Advanced Anesthesia Monitors (Anesthesia Gas Monitors, Depth of Anesthesia Monitors, Standalone Capnography Monitors, MRI Compatible Anesthesia Monitors, Others), Integrated Anesthesia Workstations, Others), By End-user (Hospitals, Ambulatory surgical centers, Clinics and nursing homes), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Anesthesia Monitoring Devices Market Overview

A report by DataM Intelligence estimates the Global Anesthesia Monitoring Devices Market to grow at a CAGR Of 6.4% during the forecast period 2024-2031. The market is expected to grow due to increasing demand from Hospitals and Ambulatory surgical centers etc. The competitive rivalry intensifies with Masimo, Fukuda Denshi ., Medical , and others operating in the market.

Anesthesia Monitoring Devices Market Summary

For more insights Request Free Sample

These devices track heart rate, blood pressure, respiratory rate, oxygen saturation and temperature to ensure the patient is safe and stable during the procedure. Anesthesiologists use the information gathered by these devices and other medical professionals to adjust the anesthesia dosage and make other necessary clinical decisions. 

Source: DataM Intelligence Analysis (2022)

Anesthesia Monitoring Devices Market Dynamics

The global anesthesia monitoring devices market growth is driven by technological advancements, an upsurge in surgeries, a rising prevalence of chronic disease, rising safety awareness among healthcare professionals, rising healthcare expenditure and increasing demand for pain-free surgeries. 

Increasing Benefits of Anesthesia Monitoring Devices the Market Growth     

Most major surgeries would not be possible without anesthesia to render a patient unconscious and pain-free and ensure that their vital functions—including blood pressure, breathing, heart rate and rhythm remain stable throughout the procedure. Adequate supervision requires that an anesthetist be present throughout anesthesia or administering procedural sedation. 

During anesthesia, the patient's physiological state and adequacy of anesthesia need continual assessment. Monitoring devices supplement clinical observation to achieve this. Appropriate clinical observations include assessment of mucosal color, pupil size, movements of the chest wall, lacrimation and the reservoir bag and absence of response to surgical stimuli. 

The other benefits, including the use of monitoring devices, help to ensure proper dosing and administration of anesthesia, which can improve patient outcomes and reduce the risk of complications. The continuous monitoring of vital signs can help detect potential complications early, allowing for prompt intervention and improved patient outcomes. 

Monitoring devices can provide a complete record of the patient's vital signs during surgery, which can be used for medical record keeping and future reference. The continuous monitoring of vital signs allows healthcare providers to make informed decisions about the patient's care based on real-time data.

In addition, the market players are offering advanced anesthetic monitoring devices. For instance, GE Healthcare offers an integrated, holistic view of the patient's response to anesthesia. The CARESCAPE monitor displays values and trends obtained from parameter modules for Entropy (State Entropy , Response Entropy and burst suppression ratio) and neuromuscular transmission. 

The Side Effects Associated with Anesthesia Monitoring Devices will Hamper the Growth of the Market  

However, drawbacks associated with anesthesia monitoring devices, including anesthesia monitoring devices, may produce false alarms, causing undue stress to the patient and medical staff. Devices may malfunction or fail, leading to a loss of vital sign information, which can result in mismanagement of the patient's condition. Anesthesia monitoring devices can be expensive, making it difficult for some hospitals or clinics to purchase and maintain them. 

The use of anesthesia monitoring devices may require special training and expertise to operate, which can result in an increased workload for medical staff. Interference from other medical equipment may cause the monitoring devices to produce incorrect readings, leading to an incorrect interpretation of the patient's condition. Anesthesia monitoring devices may have limitations in detecting certain conditions, such as hypotension or hypoventilation, leading to misdiagnosis or delayed treatment.

COVID-19 Impact on Anesthesia Monitoring Devices Market

The COVID-19 pandemic has profound adverse effects on the anesthesia monitoring devices market. As per the article published in Scientific Reports in 2022, based on projections from 190 countries, estimates suggest that 72.3% of elective surgeries were canceled or postponed during 12 weeks of peak disruption due to COVID-19, totaling 28.4 million procedures related to colorectal, head and neck, gynecological, plastics, upper gastrointestinal and urological surgeries performed in cancer hospitals worldwide. Evidence indicates a reduction in elective vascular, orthopedic and trauma surgeries.

In addition, about 2.3 million cancer surgeries could be canceled or postponed, and orthopedic procedures are predicted to be the most affected, with 6.3 million estimated cancellations. Delaying elective surgeries reduces patients' risk of exposure to COVID-19 and allows hospitals to increase their bandwidth in response to the pandemic. 

In the United States, up to 71.8% of live donor kidney transplants were completely suspended, while over two-thirds of live donor liver transplants were completely suspended. More than a 50% drop in cardiac surgical volume was observed at two of Maryland's busiest cardiac surgical programs after the ACS implemented full restrictions in response to the pandemic. 

As of 2023, the COVID-19 situation is recovering and all patients can access healthcare facilities that drive the market for anesthesia monitoring devices worldwide. 

Anesthesia Monitoring Devices Market Segmentation Analysis

The Basic Anesthesia Monitors Segment is Expected to Grow at the Fastest CAGR During the Forecast Period (2024-2031)        

The basic anesthesia monitors segment accounts for the highest market share. Monitoring is an essential component of anesthesia care. Anesthesia clinicians must monitor patient physiologic variables and anesthesia equipment during all types of anesthesia, as anesthesia and surgery can cause rapid changes in vital functions. Patient and equipment monitoring is used to titrate the administration of anesthetic medication, detect physiologic perturbations and allow intervention before the patient suffers harm and detect and correct equipment malfunction.  

Anesthesia monitors are used to track a patient's vital signs during surgery. The basic components of an anesthesia monitor include a pulse oximeter that measures the amount of oxygen in the patient's blood. A blood pressure monitor measures the patient's blood pressure; an electrocardiogram monitors the patient's heart rate and rhythm, an end-tidal carbon dioxide monitor measures the quantity of carbon dioxide exhaled by the patient, and a temperature monitor measures the patient's body temperature.

Source: DataM Intelligence Analysis (2022)

Global Anesthesia Monitoring Devices Market Geographical Share

North America Region Holds the Largest Market Share of the Global Anesthesia Monitoring Devices Market 

North America dominates the market for anesthesia monitoring devices and is expected to show a similar trend over the forecast period. Technological advancements, the rising prevalence of kidney disease, and product launches by market players in the North American region drive the market. 

The market players are launching new solutions for anesthesia monitoring devices in the North American region. For instance, in February 2022, Mindray, a developer, manufacturer, and supplier of medical devices, launched a novel platform that elevates traditional anesthesia in the perioperative environment, the A8 and A9 Anesthesia Workstations. This new platform presents innovative technology and retains traditional components to support patients and clinicians throughout the perioperative care path.   

In addition, Medtronic offers the Bispectral Index (BIS) Monitoring System, which utilizes state-of-the-art technology to process EEG information to directly measure the patient’s level of consciousness and insight into the outcomes of anesthesia on the brain.

Source: DataM Intelligence Analysis (2022)

Anesthesia Monitoring Devices Companies and Competitive Landscape 

The anesthesia monitoring devices market is a moderately competitive presence of local and global companies. Some of the key players which are contributing to the growth of the market are Baxter International, Inc., Masimo, Fukuda Denshi, Infinium Medical, Covidien PLC (Medtronic PLC.), GE Healthcare (General Electric Company), Nihon Kohden Corporation, Philips Healthcare (Royal Philips Electronics), Mindray Medical International Limited, and Drägerwerk AG & Co. KGAA, among others. The major players are adopting several growth strategies, such as Type launches, acquisitions, and collaborations, contributing to the growth of the anesthesia monitoring devices market globally. 

For instance, 

• In November 2021, MDoloris Medical Systems, a leader in the domain of objective pain monitoring during anesthesia, announced the regulatory clearance and marketing approval of its HFVI MOC-9, High-Frequency Variability Index monitor, in Japan. MDoloris' HFVI MOC-9 Technology is Japan's first monitoring solution for patients undergoing analgosedation and anesthesia.

Masimo

Overview: 

Masimo is a medical technology company developing and producing a comprehensive array of industry-leading monitoring technologies, including innovative measurements, patient monitors, sensors, and automation and connectivity solutions. 

Product Portfolio:

Next Generation SedLine Brain Function Monitoring:  Root with Next Generation SedLine Brain Function Monitoring allows clinicians to observe the state of the brain under anesthesia with bilateral data accession and processing of electroencephalogram signals.

The Global Anesthesia Monitoring Devices Market Report Would Provide Access to Approximately 50+ Market Data Tables, 40+ Figures and a Ranrange 200 (approximate) Pages.