Overview

Depth of Anesthesia Monitoring Market is estimated to register a CAGR of 3.2% during the forecast period 2022 to 2028.

As per the market trends, direct purchasing is poised to witness considerable growth within the supply chain of depth of anesthesia monitoring devices in the North American region. The concept of GPOs in the transactions of medical devices has seen a steady decline due to GPOs emphasis on the volume and cost to earn administrative fees from the manufacturers, as opposed to that of functions and quality of products. It has been predicted that large scale hospitals may choose to undertake direct channels, but small and medium scale hospitals are likely to remain with GPOs, particularly because of the purchase of medical devices.
Anesthesia monitoring devices allows range of different anesthetic substances especially that of drugs, gases and fluids to the patient and also demonstrates the measures and displays the physiological state of the patients’ health. These monitors are primarily used to check the patient’s response with respect to anesthesia during the surgical procedure. Measuring the patient’s vital parameters like ventilation, oxygenation, circulation and temperature rank as some of the crucial factors of these devices and will be subject to the kind of surgery performed. These devices are commonly used in hospital settings academic research institutes and ambulatory surgical centres.

Technological innovations in the monitoring of anesthesia, the spur in the number of surgeries, the rise of the geriatric population and the rising volume of occurrence as well as rampant nature of chronic diseases count as some of the factors which are likely to revitalize the economic growth of the market during the forecast time span. However, a lack of awareness on the part of the professionals operating the devices, exorbitant costs of the devices, strict rules from regulatory bodies, along with inadequate healthcare facilities in developing nations could pose potential detriments to the future growth.

The rise in the number of surgeries performed as well as that of rise in the patient pool in the US are just some of the factors which are likely to project high growth in the market. Furthermore, the depth of anesthesia monitoring devices are expensive and have an astronomically high installation as well as maintenance costs. These factors can be attributed to the low adoption in small scale outpatient settings and clinics.

In terms of device segmentation, modules can be included into diverse DOA devices, which has culminated in their expansive use in different clinical settings. In America, a number of the modules are offered by Philips, Spacelabs, GE Healthcare and Mindray. These players provide diverse modules to in an effort to measure DOA parameters, which includes Entropy, BIS and Patient State Index (PSI).

Based on the segmentation of the product type, the consumables segment is predicted to reach a sizeable depth of anesthesia monitoring market share due to the extensive usage and adoption for single-use sensors and the need for repetitive purchase of the consumables. However, the depth of anesthesia monitoring instruments offers a life span of approximately 10 years and are typically given free of cost, i.e. if the purchaser is willing to sign a contract for consumables that is long-term.

Major players who have captured enormous market share in the market for depth of anesthesia monitoring market includes:

GE Healthcare, Masimo Corporation, Medtronic Public Limited Company, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Philips Healthcare and Mennen Medical Ltd., Spacelabs Healthcare Inc.
These players place emphasis on integration of acquisitions, partnerships and the introduction of innovative products to amplify their presence and reach particularly in the US market for depth of anesthesia monitoring market.

Depth of Anesthesia Monitoring Market Segmentation:
By Technology
• Bispectral Index
• Entropy
• Patient State Index (PSI)

By Device
• Modules
• Bundled Devices
• Standalone Devices

By Product
• Devices
• Consumables

By Mode of Purchase
• Purchase Through GPO
• Direct Purchase

By End User
• Hospitals
• Ambulatory Surgical Centres & Clinics

By Region
• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the depth of anesthesia monitoring market by technology, by device, by product, by mode of purchase, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market

Flexible Delivery Model:

•   We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
•   The customization Mobility Care offered are free of charge with purchase of any license of the report
•   You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com