Global Anesthesia Monitoring Devices Market to Witness 12% CAGR Growth Amid Rising Surgeries by 2030

The anesthesia monitoring devices market is expected to grow at a CAGR of ~12% during the forecast period. The rising number of surgical procedures, growing geriatric population, increasing prevalence of chronic diseases, and shift towards outpatient surgical centers are key factors driving the market growth. However, higher device costs and a shortage of skilled personnel are major constraints for its growth. 

The anesthesia monitoring devices encompass devices designed to provide optimal anesthetic delivery during surgical procedures. Some common devices include electrocardiograms (ECGs), pulse oximeters, blood pressure monitors, capnographs, and gas analysers. Modern anesthesia workstations integrate multiple devices to create a multifunctional central hub to optimize workflow. Anesthesia monitoring is required in multiple healthcare settings, including hospitals, ambulatory surgery centres (ASCs), and specialty clinics. These devices allow clinicians to control anesthetic dosage, avoid intraoperative consciousness, and reduce the risk of problems like hypoxia or other adverse responses. Furthermore, technological advancements like wireless connectivity and the integration of AI in workstations streamline the workflow, allowing real-time decision making and enhancing patient safety with precise and controlled anesthetic treatment.

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Increasing number of surgical procedures to drive the anesthesia monitoring devices market

The growing burden of chronic diseases like CVDs, diabetes, cancer, and respiratory disorders is leading to a higher volume of surgeries globally. With better access to healthcare facilities and an aging global population, there is a further rise in the number of patients requiring surgeries, ranging from common procedures to specialized treatments. This surge has resulted in an increasing demand for stable, precise monitoring to maintain patient safety during the surgical procedures. Another significant aspect is the growing preference for minimally invasive surgeries (MIS), including laparoscopic procedures and robotic-assisted surgeries, as they offer benefits like reduced pain, faster recovery period, and lower risk of infection over traditional methods. This growing number of surgical procedures necessitates anesthesia systems that are not only accurate and responsive but also adaptable to high-risk patient profiles. Hence, to meet these growing demands, healthcare providers are adopting advanced anesthesia devices with integrated monitoring and smart features to ensure patient safety; forcing market players to develop novel products.  For instance, in March 2024, Medtronic announced the launch of the BIS Advance Monitor, which has enabled personalized anesthesia dosing, thereby allowing real-time anaesthetic depth assessment to reduce drug use, shorten emergence time, and cut post-op delirium by up to 29%.

Adoption of wireless and portable anesthesia monitoring devices- a key market trend

The increasing adoption of wireless and portable anesthetic monitoring equipment is changing healthcare practices. These compact devices enable healthcare professionals with additional autonomy and flexibility to monitor patients without being constrained by heavy equipment or electrical wiring, especially in smaller healthcare facilities and ASCs, among others. Wireless monitoring devices allow real-time tracking of vital signs such as heart rate, oxygen saturation, and respiration rate. These devices are integrated with a centralized system that allows anesthesiologists to make timely interventions.

The portability of the anesthesia monitoring devices has improved patient mobility and reduced setup time, which is a significant benefit in high-volume surgical settings. Additionally, there is growing adoption of these devices in military medical units, emergency medical services (EMS), and patient transport, where quick and accurate monitoring is essential.

Competitive Landscape Analysis

The global anesthesia monitoring devices market is marked by the presence of established and emerging market players such as Koninklijke Philips N.V.; Medtronic plc; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; Nihon Kohden Corporation; BD (Becton, Dickinson and Company); GE HealthCare; Drägerwerk Aktiengesellschaft & Co. KGaA; Masimo Corporation; Fisher & Paykel Healthcare Corporation Ltd; and Medasense Biometrics Ltd.; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.

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Global Anesthesia Monitoring Devices Market Segmentation

This report by Medi-Tech Insights provides the size of the global anesthesia monitoring devices market at the regional and country-level from 2023 to 2030. The report further segments the market based on product and end-user.

Market Size & Forecast (2023-2030), By Product, USD Million

• Basic Anesthesia Monitor
• Integrated Anesthesia Workstation
• Advanced Anesthesia Monitor
• Others

Market Size & Forecast (2023-2030), By End-user, USD Million

•  
• Hospitals
• Ambulatory Service Centre
• Specialty Clinics
• Others

Market Size & Forecast (2023-2030), By Region, USD Million

• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Middle East & Africa

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

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