What Is The Anesthesia Monitoring Devices Market Overview In 2022?
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The anesthesia monitoring devices market is forecasted to achieve growth in the coming few years with a forecast CAGR (compound annual growth rate) of -5.73%, as per The Business Research Company’s market report!
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The Anesthesia Monitoring Devices Market Size In 2022 And Forecast
The global anesthesia monitoring devices market is expected to grow from $3.57 billion in 2021 to $3.99 billion in 2022 at a compound annual growth rate (CAGR) of 11.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The anesthesia monitoring devices is expected to grow to $3.15 billion in 2026 at a CAGR of -5.73%.
The anesthesia monitoring devices market consists of sales of anesthesia monitoring devices by entities (organizations, sole traders, and partnerships) that monitor the delivery of anesthetic substances such as drugs, gases and fluids to the patient.
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Increase In Number Of Surgeries Globally Is Driving The Growth Of The Anesthesia Monitoring Devices Market
For instance, according to a study by British Journal of anesthesia, published in March 2021, the total number of surgical procedures carried out in England and Wales in 2020 was 3,102,674. Most of the surgical procedures are cesarean section, neurosurgical procedures, intra-abdominal procedures, and orthopedic procedures. Also, there is an increase in the number of patients undergoing surgeries at ambulatory surgery centers. Therefore, the increasing number of surgeries will drive the anesthesia monitoring devices market.
Competitive Landscape And The Regional Analysis Of The Anesthesia Monitoring Devices Market
Major players in the anesthesia monitoring devices market are Baxter International Inc., Cardinal Health, Draegerwerk AG & Co. KGaA, GE Healthcare, Heyer Medical AG, Intersurgical Limited, Medtronic Inc., Mindray Medical International Limited, Nihon Kohden Corporation, Philips Healthcare, Smiths Medical Inc., Infinium Medical, Fukuda Denshi Co. Ltd., Becton Dickinson and Company, Ambu S/A, Teleflex Incorporated, Ventlab, ACOMA Medical Industry Co., BPL Medical Technologies, Dixion GmbH, Löwenstein Medical GmbH & Co. KG, Medasense Biometrics Ltd., Veterinary anesthesia Systems Inc., CNSystems Medizintechnik GmbH, Allied Medical Limited, and Criticare Technologies Inc.
The Anesthesia Monitoring Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the anesthesia monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the anesthesia monitoring devices market.
Technological Advancement – A Key Trend In The Anesthesia Monitoring Devices Market
Many companies are launching new, technologically advanced products in the anesthesia monitoring devices industry.
Anesthesia Monitoring Devices Market Segmentation By The Business Research Company
1) By Product: Advanced Anaesthesia Monitors, Basic Anesthesia Monitors, Integrated Anesthesia Workstation
2) By Application: Cardiology, Neurology, Dental, Ophthalmology, Urology, Orthopedics, Others
3) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Nursing Homes
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