Overview of the anesthesia gas monitoring devices market
Technavio’s market research analysts have predicted that the global anesthesia gas monitoring devices market will witness impressive growth and will post a CAGR of more than 11% over the forecast period. The growing acquisition of hospitals has boosted the surgical care market, which has indirectly impacted the growth of the anesthesia gas monitoring devices market. In the recent years, several large hospitals have acquired smaller ones, which not only helps to train the healthcare staff including physicians and nurses better but also helps to enhance their skills. This ensures a positive outcome in surgical care management and its services. The presence of skilled professionals has considerably improved the surgical care techniques in developed countries, leading to the augmented adoption of anesthesia gas monitoring devices over the coming years.
In terms of geography, the Americas was the highest revenue contributing region in the market and will continue to lead the market over the next four years. The US accounted for the majority share of the market in this region. Growing awareness programs for medical safety have contributed significantly to this market’s growth in the region. To reduce the number of adverse situations in developed countries such as the US, the government agencies conduct training programs for anesthetists and anesthesiologists, for instance, the US Department of Veterans Affairs conducts the Nurse Anesthetist Education Program for registered nurses. Through such program, best practices for anesthesia treatment are taught, which help to increase the number of skilled professionals in the market.
Competitive landscape and key vendors
The global anesthesia gas monitoring devices market is highly competitive owing to the presence of several well-established large, medium, and small sized companies. The advances in technology and product upgrading will increase the competition among the vendors. Also, the presence of anesthesia gas monitoring servicing companies and distributors will help to drive this market’s growth.
Key vendors in this market are -
- Drägerwerk
- GE Healthcare
- Penlon
- Philips Healthcare
Other prominent vendors in the market include Fukuda Denshi, HEYER Medical, Masimo, Meditec International, Nihon Kohden, Oricare, Spacelabs Healthcare, AMBISEA Technology, Beijing Eternity Electronic Technology, Beijing Siriusmed Medical Device, Beijing Vanbonmed, Chirana, Criticare Systems, General Meditech Devices, Infinium Medical, OES Medical, and SIARE ENGINEERING INTERNATIONAL.
Product segmentation and analysis of the anesthesia gas monitoring devices market
- Integrated anesthesia gas monitoring devices
- Stand-alone anesthesia gas monitoring devices
The integrated anesthesia gas monitoring devices segment accounted for the majority of revenue market shares and will continue to lead the market until the end of 2020. The growing importance of pre-surgical general anesthesia cases in a few countries is one of the primary factors driving this segment’s growth. For example, in 2015, around 24 million cases were operated in the US using general anesthesia. Since healthcare facilities are more advanced in developed countries, most of the hospitals and ASCs use integrated anesthesia gas monitoring devices, which will boost this segment’s growth over the coming years.
Segmentation by end user and analysis of the anesthesia gas monitoring devices market
- Hospitals and clinics
- ASCs
- Physician’s offices
According to industry research analysts, hospitals and clinics are the key end-users of anesthesia gas monitoring devices and are expected to dominate the market during the forecast period. Large hospitals and clinics procure medical devices and consumables in bulk quantity and engage closely with many suppliers, reimbursement authorities, and government organizations. Moreover, they also have advanced medical infrastructure to cater to the needs of people. Therefore, the growing number of hospital admissions for surgical care will boost this market segment’s growth in the future.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global anesthesia gas monitoring devices market?
- What are the key market trends impacting the growth of the global anesthesia gas monitoring devices market?
- What are the challenges to market growth?
- Who are the key vendors in the global anesthesia gas monitoring devices market?
- What are the market opportunities and threats faced by the vendors in the global anesthesia gas monitoring devices market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global anesthesia gas monitoring devices market?
Technavio also offers customization on reports based on specific client requirement.
Related reports: