Europe Depth of Anesthesia Monitoring Market, By Technology (Bispectral Index, Entropy and Patient State Index (PSI)), Product (Devices and Consumables), Mode of Purchase (Purchasing Organization and Direct Purchase), Application (Fluid Management, Cesarean Section, Laparoscopic Surgery, Vascular Surgery, Orthopedic Surgery, Cardiological Interventions, Emergency Medicine, Pediatric Surgery and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Emergency Centers and Others), Distribution Channel (Direct Tender and Retail Sales)– Industry Trends and Forecast to 2029
Market Analysis and Size
The market is being propelled forward by rising health awareness and an increased need to monitor patients' depth of general anaesthesia. Accurate assessment of depth of anaesthesia can aid in tailoring drug administration for a patient, preventing excessive anaesthetic depth and improving medical outcomes.
Data Bridge Market Research analyses that the depth of anesthesia monitoring market which was USD 252.7 million in 2021, would rocket up to USD 371.93 million by 2029, and is expected to undergo a CAGR of 4.95% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Bispectral Index, Entropy and Patient State Index (PSI)), Product (Devices and Consumables), Mode of Purchase (Purchasing Organization and Direct Purchase), Application (Fluid Management, Cesarean Section, Laparoscopic Surgery, Vascular Surgery, Orthopedic Surgery, Cardiological Interventions, Emergency Medicine, Pediatric Surgery and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Emergency Centers and Others), Distribution Channel (Direct Tender and Retail Sales)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Medtronic (Ireland), General electric (U.S), Masimo (U.S), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), OSI Systems, Inc. (U.S), CNSysytems Medizintechnik GmbH (Austria), Danmeter APS (Denmark), Dragerwerk AG & Co. KGaA (Germany), EDAN Instruments, Inc (China), Fukuda Denshi U.K (U.K), General Meditech, Inc (China), Mennen Medical (U.S), Koninklijke Philips N.V. (U.S), Nihon Kohden Corporation (Japan), Spacelabs Healthcare (U.S)
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Market Opportunities
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Market Definition
Depth of anaesthesia monitoring monitors are used to keep track of a patient's anaesthetic dose during general anaesthesia. The large frequency of procedures in which general anaesthetic is injected into the patient is a crucial element leading to the market's growth. General anaesthesia is commonly utilised in procedures such as heart surgery, knee and hip replacement surgery, and brain surgery. In addition, during large cosmetic procedures, general anaesthetic is injected.
Depth of Anesthesia Monitoring Market Dynamics
Drivers
- Advancements in anaesthesia monitoring technology
Depth of anaesthesia monitoring includes features such as advancements in anaesthesia monitoring technology, which will result in manufacturers launching new products into the market, increasing demand, as well as various chronic diseases requiring anaesthesia, which has increased demand for depth of anaesthesia monitoring.
- Increase in surgeries for osteoporosis and accident cases
The market is being driven by an increase in the prevalence of osteoporosis and osteoarthritis and an increase in the number of knee and hip transplantation surgeries. Osteoporosis is a major health problem, particularly among the elderly. The illness is linked to joint and bone wear in the hip, knee, wrist, and spine. Every year, approximately 8.6 million fractures worldwide are caused by osteoporosis. Women are more likely to suffer from this illness. The International osteoporosis foundation estimates that 75 million people in Europe, the United States, and Japan have osteoporosis.
- High prevalence of chronic diseases in geriatric population
The growing geriatric population is driving the demand for anaesthesia depth monitoring equipment. This is primarily due to the senior population's heightened sensitivity to chronic diseases. An increase in the frequency of cardiovascular, gynaecological, neurological, and urological problems in people aged 65 and up is fueling the growth of the anaesthesia monitoring market.
Opportunities
This market is primarily driven by an increase in the number of patients and the number of surgical procedures performed globally. In addition, the rising necessity to monitor patients in ICUs is assisting market expansion. The modules section, among other device types, can be combined into a variety of anaesthesia depth systems, resulting in widespread application in a variety of clinical situations. The expensive installation and maintenance costs of anaesthetic depth monitoring systems, on the other hand, are expected to limit the industry's expansion in the coming years.
Restraints/Challenges
In future, high costs and rigorous regulatory rules are expected to limit market expansion. As a result, a halt in surgical procedures is the most likely factor to obstruct the use of anaesthetic monitoring equipment.
This depth of anesthesia monitoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the depth of anesthesia monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 impact on Depth of Anesthesia Monitoring Market
Market players are increasingly turning to in-licensing and partnership arrangements to launch new products. As a result, the increase in demand for technology-driven solutions, economic growth, and disposable income provide considerable prospects for market players. Due to the surgery postponing, demand for anaesthesia monitoring equipment decreased slightly during the COVID-19 epidemic. Although COVID-19 instances are fast reducing worldwide, med-tech businesses foresee a boom in demand for depth of anaesthesia monitoring devices, driven by an increase in in-office visits at hospitals and clinics.
Recent Development
- In February 2020, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. said that it had shown its new life support and patient monitoring system at the Middle East and Africa region's largest healthcare exhibition. Following this launch, the corporation had a significant impact on medical professionals, as well as an increase in the medical equipment index level.
- In August 2020, The Flow-e and Flow-c Anesthesia Systems from Getinge have been approved by the US Food and Drug Administration. From infants and paediatrics to the morbidly obese, these solutions can provide tailored anaesthetic delivery for even the most difficult patients.
Europe Depth of Anesthesia Monitoring Market Scope
The depth of anesthesia monitoring market is segmented on the basis of technology, mode of purchase, distribution channel, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Bispectral Index
- Entropy
- Patient State Index (PSI)
Mode of Purchase
- Purchasing Organization
- Direct Purchase
Application
- Fluid Management
- Cesarean Section
- Laparoscopic Surgery
- Vascular Surgery
- Orthopedic Surgery
- Cardiological Interventions
- Emergency Medicine
- Pediatric Surgery
Distribution Channel
- Direct Tender
- Retail Sales
End-User
- Hospitals
- Clinics
- Ambulatory Surgical Center
Depth of Anesthesia Monitoring Market Regional Analysis/Insights
The depth of anesthesia monitoring market is analysed and market size insights and trends are provided by country, technology, mode of purchase, distribution channel, application and end-user as referenced above.
The countries covered in the depth of anesthesia monitoring market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Depth of Anesthesia Monitoring Market Share Analysis
The depth of anesthesia monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to depth of anesthesia monitoring market.
Some of the major players operating in the depth of anesthesia monitoring market are:
- Mennen Medical (U.S)
- Koninklijke Philips N.V. (U.S)
- Nihon Kohden Corporation (Japan)
- Spacelabs Healthcare (U.S)
- Medtronic (Ireland)
- General electric (U.S)
- Masimo (U.S)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China)
- OSI Systems, Inc. (U.S)
- CNSysytems Medizintechnik GmbH (Austria)
- Danmeter APS (Denmark)
- Dragerwerk AG & Co. KGaA (Germany)
- EDAN Instruments, Inc (China)
- Fukuda Denshi U.K (U.K)
- General Meditech, Inc (China)
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