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High Demand of Surgical Procedures Driving the Anesthesia Gas Monitoring Devices Market Until 2020, Says Technavio

Technavio Research
Posted on: 08 Nov 16

The global anesthesia gas monitoring devices marketis expected grow at a CAGR of above 11% during the forecast period, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and growth prospects of the globalanesthesia gas monitoring devicesmarketfor 2016-2020. The market is further categorized into two product segments, including integrated anesthesia gas monitoring devices and stand-alone anesthesia gas monitoring devices, of which the integrated anesthesia gas monitoring devices segment dominated the market with almost 89% of the overall market share in 2015.

It is estimated that the sales of anesthesia gas monitoring devices will increase significantly during the forecast period. This is due to the rise in the number of surgeries across various therapeutics including oncology, cardiovascular, respiratory, orthopedic, and neurology,” says Srinivas Sashidhar, a lead orthopedics and medical devicesresearch expert from Technavio.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s research study segments the global anesthesia gas monitoring devices market into the following regions:

  • Americas
  • APAC
  • EMEA

In 2015, with a market share of over 43%, the Americas dominated the global anesthesia gas monitoring devices market, followed by EMEA with over 32% and the APAC with above 24%.

Americas: largest market for anesthesia gas monitoring devices

The anesthesia gasmonitoring devices market in the Americas is growing due to increasing number of surgical procedures and hospital admissions. The US accounted for the majority share of the market in this region. Government awareness programs for medical safety have played a huge role in the market. Government advisories such as Pennsylvania Patient Safety Advisory in the US provide awareness about individual safety measures, a few of which are related to anesthesia.

The anesthesia gas monitoring devices market in the Americas is growing due to increasing number of surgical procedures and hospital admissions. The US accounted for the majority share of the market in this region. Government awareness programs for medical safety have played a huge role in the market. Government advisories such as Pennsylvania Patient Safety Advisory in the US provide awareness about individual safety measures, a few of which are related to anesthesia.

High adoption of integrated anesthesia gas monitors fueling the faucet market in EMEA

The Tier 1 and Tier 2 vendors such as GE Healthcare and Penlon have a wide distribution networks in Europe. These vendors offer a broad range of anesthesia gas monitoring devices for use during surgeries. Growing number of clinical symposiums will help to train the physicians about the integrated anesthesia gas monitoring devices such as MRI-compatible anesthesia gas monitors and stand-alone monitors, which can be integrated with other devices for patient benefit.

In May 2016, experts of GE Healthcare presented about application of anesthesia devices in neonatal and pediatric ventilation in a clinical symposium held in the Netherlands,” adds Srinivas.

The anesthesia gas monitors market in EMEA is expected to grow at a steady pace during the forecast period. The market is fueled by an increase in the geriatric population as well as technological advancements in this region. These are also the primary reasons for the high adoption of integrated anesthesia gas monitors, which led to increased sales. The increasing number of surgical procedures and the presence of many vendors in EMEA have also played a significant role in increasing the demand for these monitors in the market.

APAC to post a CAGR of over 12% during the period 2016-2020

The anesthesia gas monitoring devices market in APAC is expected to witness rapid growth during the forecast period. The increasing number of surgical procedures in emerging countries is expected to contribute to the growth of the market. A rise in older population, improvements in healthcare infrastructure, and growing demand for more affordable medical treatment are the significant growth drivers of the market. Global vendors in APAC are facing a threat from local manufacturers such as Beijing Siriusmed Medical Device that offer low-cost products.

In developing countries, such as China, India, and Thailand, the market is witnessing rapid growth in the anesthesia gas monitoring devices market. The healthcare infrastructure, government policies, and funding for specialty hospitals led the market growth in these countries. To increase the market share, the manufacturers are focusing on distributors in this region.

The top vendors in the global anesthesia gas monitoring devices market highlighted in the report are:

  • Drägerwerk
  • GE Healthcare
  • Penlon
  • Philips Healthcare

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161108006133/en/

Business Wire
www.businesswire.com

Last updated on: 08/11/2016

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