A recent report published by Infinium Global Research on anesthesia monitoring devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional anesthesia monitoring devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional anesthesia monitoring devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global anesthesia monitoring devices market. According to the report, the global anesthesia monitoring devices market is projected to grow at a CAGR of 12.7% over the forecast period of 2019-2025.
Growing incidences of chronic diseases, orthopedic diseases and
cancer are the major drivers driving the growth of anesthesia monitoring
devices market across the globe. Cancer is among the leading causes of death
across the world. According to the National Cancer Institute, an estimated
1,735,350 cases of cancer were diagnosed in the United States in 2018. Also,
approximately 609,640 people died from the disease in the same year. On the
other hand, rise in geriatric population also fuels the growth of the market.
The elderly population is highly inclined to chronic illnesses which have
caused an increased verge on surgeries and therapeutics. However, the high price
related to such devices may restrain the growth of the anesthesia monitoring
devices market. Moreover, increasing awareness among physicians about various
factors such as the appropriate route of administration, choice of an
anesthetic drug, the right dose of the anesthetic drug creates an opportunity
for the growth of the market in the next few years.
In terms of region, the global anesthesia monitoring devices market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Among all, North America holds the largest market share and is likely to dominate the anesthesia monitoring devices market during the forecast period. This is primarily due to the growing awareness of patient safety in the region. Additionally, favorable reimbursement network and favorable government funding also fuel the market growth in the North American region. The U.S. holds the largest revenue in North American as well as the global anesthesia monitoring devices market. Moreover, Asia-Pacific is expected to grow at a beneficial rate during the forecast period. This is mainly due to the increasing elderly population and the large pool of patients in the region. Furthermore, advancing the healthcare system, and the growing number of surgeries also boost the growth of the anesthesia monitoring devices market in the Asia-Pacific region.
The report on global anesthesia monitoring devices market covers segments such as device type, and end user. On the basis of device type, the sub-markets include integrated anesthesia workstation, basic anesthesia monitors, and advanced anesthesia monitors. On the basis of end user, the sub-markets include hospitals, cancer centers, multispecialty clinics, cardiac centers, ambulatory surgery centers, and other end users.
The report provides profiles of the companies in the market such as Baxter International, Inc., Cardinal Health, GE Healthcare, Heyer Medical AG, Intersurgical Limited, Medtronic plc, Mindray Medical International Limited, Nihon Kohden Corporation, Philips Healthcare, and Smiths Medical, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of anesthesia monitoring devices market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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