The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

A Decline and a Ray of Hope

• The anesthesia monitoring devices market has witnessed a decline in recent years.
• From $3.93 billion in 2023, it is projected to decline to $3.78 billion in 2024, with a CAGR of -3.7%.

Understanding the Decline

• Factors contributing to the decline: high cost of devices and maintenance, COVID-19 impact.

A Marginal Growth on the Horizon

• Despite the decline, marginal growth is anticipated.
• Expected to reach $3.87 billion in 2028, with a CAGR of 0.6%.

Factors Driving Growth

• Increasing healthcare expenditure.
• Rise in minimally invasive surgeries.
• Growing adoption of remote monitoring and telemedicine.
• Economic growth in emerging markets.

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Exploring Major Trends

• Integration with electronic health records (EHR).
• Advancements in artificial intelligence (AI) and machine learning.
• Emergence of mobile apps and wearables.
• Adoption of advanced sensors and connectivity.
• Non-invasive monitoring technologies.

Surgeries Globally Propel Market Growth

• Surge in global surgeries, including hip fracture repair, neurosurgical procedures, and cesarean sections.
• Approximately 235 million major surgical procedures are performed worldwide annually.
• Surge in surgeries at ambulatory surgery centers.

Key Players in the Market

• Major companies include Baxter International Inc., Cardinal Health Inc., GE Healthcare, and Medtronic Inc., among others.

Technological Advancements

• Launch of new, technologically advanced products.
• Example: SCHILLER’s MRI-compatible patient monitor MAGLIFE RT-1.

Acquisition to Expand Market Reach

• SunMed’s acquisition of Vyaire Medical for expanding leadership in airway management and operative care.

Segmentation of the Market

• By Product: Advanced Anesthesia Monitors, Basic Anesthesia Monitors, Integrated Anesthesia Workstation.
• By Application: Cardiology, Neurology, Dental, Ophthalmology, Urology, Orthopedics, and Other Applications.
• By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Nursing Homes.

Regional Dynamics

• North America led the anesthesia monitoring devices market in 2023.
• Asia-Pacific is anticipated to witness the fastest growth in the forecast period.

In conclusion, while the anesthesia monitoring devices market faced challenges in recent years, the outlook remains optimistic with anticipated growth in the forecast period. Technological advancements, coupled with the increasing number of surgeries globally, are expected to be key drivers for market expansion. Additionally, strategic acquisitions and market segmentation are set to play pivotal roles in shaping the future landscape of the anesthesia monitoring devices industry.

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