Global Advance Anesthesia Monitoring Devices Industry Analysis, Competitor Landscape, Forecast till 2027

Anesthesia is a medical treatment that prevents the patient from feeling pain while performing surgeries. Since the introduction of anaesthesia in the market, many of the surgical procedures have become easy to operate. The introduction of new technology to monitor the patient’s body while administering anaesthesia and development of new devices have made anaesthesia monitoring more comfortable and safe.

According to a recent study report published by the Market Research Future analysts, the global advanced anaesthesia monitoring devices market is growing at a double digit growth rate. This growth is majorly attributed to the increasing number of surgical procedures, rising rate of accidental cases, development in the healthcare infrastructure, development of physician friendly record keeping systems, and also the increasing demand for MRI enabled anaesthesia monitoring devices.

According to studies, approximately 240 million people underwent major surgeries in the year 2016 only. In order to undergo pain free surgical procedures, patients needed to be anesthetised. This huge demand for anaesthesia delivery also boosts the demand for anaesthesia monitoring devices market.

Apart from these positive factors, there are few obstacles in the growth of this market. Human errors in the operation of devices causing major failure cases, lack of skilled personnel to operate the advanced technology devices, and lack of awareness about these devices. These all factors can definitely limit the growth of advanced anaesthesia monitoring devices market to an extent.

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General Electric, Hitachi medical corporation, NeuroLogica Corp., Neusoft Medical Systems, Koninklijke Philips N.V., Siemens Healthcare GmbH, Shenzhen Anke High-tech Co., Ltd are some of the prominent players at the forefront of competition in the Spectral Computed Tomography (CT) market and are profiled in MRFR Analysis.

Other push factors such as, growing public awareness, rising technological advancements, increasing adoption, rising healthcare expenditure, changing reimbursement policies, and growing geriatric population are also fuelling the growth of the market. Centers for Disease Control and Prevention (CDC) suggested that the Per capita national health expenditures in 2015 was amounted to be USD 9,990 and total national health expenditure was USD 3.2 trillion. It is also reported that out of total national health expenditures in the US, prescription drugs 10.1% share.

Despite these drivers, lack of skilled physicians, high cost associated with the device, are expected to hinder the growth of the spectral computed tomography (CT) market.

Spectral Computed Tomography (CT) Market - Competitive Analysis

The Spectral Computed Tomography (CT) market is currently dominated by various players. Due to rising prevalence of chronic diseases various existing and new marketers are continuously coming up with advanced technologies to control various chronic diseases. The Spectral Computed Tomography (CT) market is currently dominated by numerous players.

Koninklijke Philips N.V. is one of them by holding a strong share in the market. The company offers diagnostic imaging solutions, computed tomography, magnetic resonance imaging, and diagnostic X-ray. On Nov 14, 2016, Koninklijke Philips N.V. launched Philips IQon Spectral CT in Canada. The Philips IQon Spectral CT is the spectral detector CT which is designed specifically for spectral imaging. The product delivers on-demand colour quantification with an ability to characterize structures simply at a low dose.

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Siemens Healthcare GmbH is another renowned market player in Spectral Computed Tomography (CT) market. The company provides medical diagnostics solutions, healthcare equipment, and related services. Siemens offers products and solutions in the areas of hearing instruments, laboratory diagnostics, healthcare IT and infrastructure, refurbished systems, and education and training, medical accessories, electronics, and others.

Strategic partnership is an essential part of Siemen’s strategy to reach its goal of new products pipeline, by accruing partner’s technology, and products. For instance, On December 15, 2017, Siemens Healthineers has entered an agreement to acquire Luxembourg-based Fast Track Diagnostics (FTD). Through this acquisition, Siemens will now include FTD's sites in Luxembourg, India, and Malta along with its workforce of about 80 employees.

General Electric Company operates as an infrastructure and technology company worldwide. The product portfolio of company in Computed Tomography includes Revolution Frontier, Revolution EVO, Revolution CT, Revolution HD, Optima CT540, and others.

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