Anesthesia Monitoring Devices Market Size - By Product (Advanced Anesthesia Monitors, Basic Anesthesia Monitors, Integrated Anesthesia Workstations), By End-use (Hospitals, Ambulatory Surgical Centers) – Global Forecast 2024-2032

Anesthesia Monitoring Devices Market Size

Anesthesia Monitoring Devices Market size was valued at USD 1.4 billion in 2023 and is estimated to account for USD 2.5 billion by 2032. The anesthesia monitoring devices are a type of medical device and equipment used to monitor patients during anesthesia administration.
 

These devices are designed to measure and display various physiological parameters including heart rate, blood pressure, oxygen saturation, respiratory rate, end-tidal carbon dioxide (EtCO2) levels to ensure patient safety and monitor the depth of anesthesia during surgical procedures. The industry encompasses a range of products from basic monitors that measure vital signs to advanced systems that offer comprehensive monitoring capabilities, such as depth of anesthesia monitoring, neuromuscular blockade monitoring, and integrated data management.

Technological advancements play a pivotal role in driving the evolution of anesthesia monitoring devices. Several manufacturers are constantly developing and integrating innovative features to enhance the accuracy, usability, and data management capabilities. For instance, advancements in sensor technology and signal processing algorithms lead to more reliable and precise measurements of vital signs that will enhance adoption rate. Additionally, the incorporation of wireless connectivity and touchscreen interfaces has improved the user experience and facilitated seamless data transfer.

COVID-19 Impact

The COVID-19 pandemic had positively influenced the anesthesia monitoring devices market. The COVID-19 pandemic led to a surge in the number of critical care and emergency surgeries, particularly for patients with severe respiratory complications. This increased demand for anesthesia monitoring devices to ensure the safety and well-being of patients during surgery. The need for continuous monitoring of vital signs, including oxygen saturation, respiratory rate, and end-tidal carbon dioxide (EtCO2) levels, became even more crucial in managing COVID-19 patients suffering from respiratory distress enhanced product demand.
 

Anesthesia Monitoring Devices Market Trends

The growing burden of chronic diseases worldwide will drive the industry market demand. As per the World Cancer Report, prevalence of cancer is estimated to increase by approximately 50%, there were around 15 million new cancer cases reported in 2020. Similarly, as per the World Health Organization (WHO), cardiovascular disease is responsible for 17.9 million deaths annually, further accounting for an estimated 31% of the deaths in the world. As the burden of chronic diseases continues to grow, there is a subsequent increase in the number of surgical procedures. Anesthesia monitoring devices play a critical role in ensuring patient safety during surgical procedures by continuously monitoring vital signs, anesthesia depth, and other relevant parameters.
 

Anesthesia Monitoring Devices Market Analysis

The anesthesia monitoring devices market by product is categorized into advanced anesthesia monitors, basic anesthesia monitors, and integrated anesthesia workstations. The advanced anesthesia monitors segment is further subdivided into anesthesia gas monitors, depth of anesthesia, standalone capnography monitors and others. The advanced anesthesia monitors segment garnered USD 318.2 million revenue size in 2022. Advanced anesthesia monitors often include depth of anesthesia monitoring capabilities. These monitors provide several parameters such as bispectral index (BIS), entropy or spectral analysis to measure the patient's level of consciousness and the depth of anesthesia. Moreover, integration of capnography with the anesthesia monitor allows for real-time monitoring and helps detect abnormalities or complications related to respiration.
 

Based on end-use, the anesthesia monitoring devices market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment is accounted for over 72% market share in 2022. High segment growth is attributable to high demand for monitoring equipment in surgical and perioperative settings. Moreover, rising integration of advanced patient monitoring devices among hospital settings to enhance patient outcome.
 

U.S. anesthesia monitoring devices market accounted for USD 523.2 million revenue size in 2022.Increasing geriatric population base along with the rising incidence of cancer in the country will drive the U.S. industry gains. For instance, as per the American Cancer Society, in 2021, it was estimated that over 1.9 million new cancer patients were diagnosed and around 608,570 cancer patient’s deaths in the U.S. Moreover, growing awareness regarding remote patient monitoring devices for improved accuracy, portability, connectivity, and user-friendly interfaces, Increasing number of surgical procedures, advancements in technology, strong presence of industry players and a growing emphasis on patient safety during anesthesia administration are few factors are estimated to boost overall business.
 

Anesthesia Monitoring Devices Market Share

Some of the eminent market participants operating in the anesthesia monitoring devices market include

• Masimo Corporation
• Fukuda Denshi Co. Ltd.
• Medtronic plc
• GE Healthcare
• Infinium Medical, Inc.
• Nihon Kohden Corporation
• Koninklijke Philips N.V.
• Mindray Medical International Ltd.
• Dragerwerk AG & Co. KGaA
• Schiller AG 

Anesthesia Monitoring Devices Industry News:

• In June 2022, Medtronic and GE Healthcare received FDA 510(k) clearance as well as CE Mark approval for the integration of Microstream capnography technologies and advanced INVOS regional oximetry on the CARESCAPE precision monitoring platform. Microstream capnography technology enables clinicians to predict and prevent perioperative complications quicker than traditional peripheral measurement. Such advancements offered competitive edge to both companies.
   
• In January 2023, BOMImed Inc. announced distribution agreement with Mindray North America. Through this agreement, BOMImed distributes Mindray’s anesthesia, patient monitoring, and ultrasound devices in Canada. This broadened customer base of both firms.
   

Anesthesia monitoring devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Product (USD Million & Units)

• Advanced anesthesia monitors
  • Anesthesia gas monitors
  • Depth of anesthesia
  • Standalone capnography monitors
  • Others
• Basic anesthesia monitors
• Integrated anesthesia workstations

By End-use (USD Million)

• Hospitals
• Ambulatory surgical centers
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Switzerland
  • The Netherlands
  • Denmark
  • Poland
  • Sweden
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • New Zealand
  • Thailand
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Turkey