Anesthesia Device Market to Surpass US$ 19,786.0 Million by 2026

Published On : Mar 18, 2019

The Global Anesthesia Device Market, by Product Type (Anesthesia Monitoring Systems (Advanced Anesthesia Monitor (Anesthesia Gas Monitors, Depth of Anesthesia Monitors, Standalone Capnography Monitors, and MRI Compatible Anesthesia Monitors) and Basic Anesthesia Monitors), Anesthesia Machine (Portable Anesthesia Machine and Standalone Anesthesia Machine), Anesthesia Workstation, Anesthesia Ventilators, and Anesthesia Disposables and Accessories), by End User (Hospitals, Ambulatory Surgical Centers, and Multispecialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) was valued at US$ 10,571.6 million in 2017, and is projected to exhibit a CAGR of 7.3% during the forecast period (2018 - 2026), as highlighted in a new report published by Coherent Market Insights.

Anesthesia is a medical procedure to control pain during the course of a surgery. Anesthesia monitors have been widely used in a number of healthcare organizations, clinics and outpatient surgery centers to track the patient's vital signs such as blood pressure and temperature, while they are under sedation in the operating theater.

Increasing approvals from healthcare regulatory authorities for new technologies is expected to drive the market growth. For instance, in March 2019, Masimo Corp. received CE marking for its Next Generation SedLine brain function monitoring for pediatric patients. Sedline helps surgeons to monitor the state of the brain of pediatric patients under anesthesia with bilateral data acquisition and processing of four leads of electroencephalogram (EEG) signals.

Browse 26 Market Data Tables and 28 Figures spread through 172 Pages and in-depth TOC on "Anesthesia Device Market, by Product Type (Anesthesia Monitoring Systems (Advanced Anesthesia Monitor (Anesthesia Gas Monitors, Depth of Anesthesia Monitors, Standalone Capnography Monitors, and MRI Compatible Anesthesia Monitors) and Basic Anesthesia Monitors), Anesthesia Machine (Portable Anesthesia Machine and Standalone Anesthesia Machine), Anesthesia Workstation, Anesthesia Ventilators, and Anesthesia Disposables and Accessories), by End User (Hospitals, Ambulatory Surgical Centers, and Multispecialty Clinics) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Forecast to 2026"

To know the latest trends and insights related to Anesthesia Device Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/anesthesia-device-market-2556

Key players in the market are focused on product launch for anesthesia delivery in order to enhance their market share. For instance, in November 2018, Septodont Inc. launched Dentapen electronic syringe for dental anesthesia. Dentapen monitors the injection with a constant flow at the right pace. This helps the dentist to focus more on needle insertion, which leads to better control of the injection and helps to reduce pain in patient.

Moreover, in June 2016, GE Healthcare launched Carestation 600 Series — an affordable suite of anesthesia solutions — at the Vietnam Congress of Anaesthesiology 2016. The new suit consists of two machines, monitoring devices and advanced ventilation tools, for balancing user interface design with intelligent tools to help physicians prevent misuse and medical errors in the operating room. Moreover, in 2016, Carestation 600 Series received iF Design Award 2016 for its excellence in product design from iF International Design GmbH.

Furthermore, increasing number of research related to use of anesthesia devices is expected to propel the market growth during the forecast period. For instance, in January 2019, Seoul National University Hospital initiated a clinical study to compare the patient state index (PSI) and bispectral index (BIS) during general anesthesia given to children. The study is estimated to complete by May 2020.

Key Takeaways of the Anesthesia Device Market:

  • The global anesthesia device market is expected to witness a CAGR of 7.3% during the forecast period (2018 – 2026), owing to launch of advanced anesthesia delivery procedures
  • On the basis of product type, anesthesia machine segment contributed the largest share in anesthesia device market during the forecast period, owing to use of anesthesia during majority of surgical procedures such as cardiology, dermatology, ophthalmology, and urology.
  • Major players operating in the global anesthesia device market include, GE Healthcare, Spacelabs Healthcare., Septodont Inc., Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HEYER Medical AG, ORICARE, Inc., Philips Healthcare, Becton Dickinson and Company, and Getinge AB

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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