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Anesthesia Monitoring Devices Market Is Expected To Grow 13.2% CAGR till 2023
The anesthesia monitoring devices market is expected to witness a CAGR of 13.2% during the forecast period, 2018-2023. The anesthetic monitoring devices are used for the drug and gas delivery to the patient, measure, and display the physiological state of the patient.
Rising Advancements in Anesthesia Technology
The introduction of various new monitoring techniques, such as monitoring the depth of anesthesia, goal-directed fluid therapy, advanced neurological monitoring, improved alarm system, and the technological advancements in the objective pain assessment, are some of the advancements, which are driving the global anesthesia monitoring devices market.
The other factors, which are also driving the market, includes increase in demand for pain-free surgeries and the development of automated record-keeping systems.
Major Players: Medtronic Plc, Masimo Corporation, Nihon Kohden Corporation, Fukuda Denshi, GE Healthcare, Philips Healthcare, Drägerwerk AG & Co. KGaA, Heyer Medical AG, and Mindray Medical International Limited.
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Difficulties Associated with the Usage of Anesthesia Devices
There are some restraining factors associated with the usage of anesthesia devices. It was observed that due to their complex nature, it is difficult to check the proper functioning and integrity of the devices. These devices also require proper documentation by the government, for the appropriate servicing of the anesthetic machines, its components, proper maintenance, and servicing and repair. This is also restraining the growth of the market.
The availability of conventional techniques and high cost of anesthesia-monitoring devices are also restraining the market.
North America Dominates the Anesthesia Monitoring Devices Market
Geographically, North America is the highest revenue-contributing region in the market and will continue to grow the anesthesia monitoring devices market in the future. The continuous growth of awareness programs for medical safety is contributing to this market in the North American region. The North America holds the highest market share, which is also being followed by Europe, APAC.
Regions Covered in this report are as Follows:
United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).
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