The unexplored market in developing economies are creating abundant opportunities for the anesthesia monitoring device market to grow at a significant rate in the coming years. However, high cost of anesthesia monitoring device and the availability of conventional techniques are the key factors hampering the growth of the global market.
Anesthesia is used to induce adequate depth of unconsciousness during a surgery or a procedure. It leads to cardiovascular depression and prolonged awakening time. There are various ways to measure or monitor the depth of anesthesia based on clinical monitoring. Anesthesia monitoring device is a part of anesthesia system used to access patient response towards anesthetic drug during the surgery. These are the multi parameter patient monitors or a standalone unit or part of a high-end anesthesia workstation. Its usage depends upon the type of cases performed in the operating room. Measurement of patient’s ventilation, circulation, temperature, ECG, EEG, and oxygenation are some of the parameters considered for anesthesia monitoring device. Anesthesia monitoring device is the essential medical device for the ambulatory centers, hospitals, clinics, and nursing homes.
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Globally, the anesthesia monitoring device market is expected to witness the fastest growth in Asia-Pacific during the forecast period. The highest growth in the region is attributed to growing geriatric population, large pool of patients, advancing healthcare system, and increasing number of surgeries in the region.
The key players operating in the global market are Medtronic Plc, General Electric Company, Philips Healthcare, Masimo Corporation, Nihon Kohden Corporation, Dragerwerk AG & Co. KGaA, Schiller AG and Mindray Medical International Limited.
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