US Depth of Anesthesia Monitoring Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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US Depth of Anesthesia Monitoring Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

US Depth of Anesthesia Monitoring Market: Overview

Anesthesia is used to introduce an ample depth of unconsciousness during a medical procedure or surgery. Introduction of anesthesia leads to depression of cardiovascular functions and delays the awakening time. There are several ways to regulate or monitor the depth of anesthesia depending upon clinical regulations.

Monitoring is very important during anesthesia care. Anesthesia clinicians must constantly observe the physiological variables of the patient and anesthesia equipment during the injection of any or all types of anesthesia. The monitoring is vital as induction of anesthesia can quickly change the vital functions of the body. Equipment and patient monitoring are deployed to titrate the administration of anesthesia medicine, to determine physiological unrests, and allow timely intervention before the patient suffers any harm, and to find out and correct any possible malfunction of the equipment.

US Depth of Anesthesia Monitoring Market: Notable Developments

  • Of these mentioned companies, the US depth of anesthesia monitoring market is primarily dominated by based GE Healthcare. The company caters to a large base of consumers in over 130 countries including regions of Europe, Asia, the Americas, Africa, and the Middle East.
  • Currently, GE Healthcare is the only company with a flagship Entropy technology that is designed to offer information on the condition of the central nervous system during the induction of general anesthesia.
  • The company also provides the E-BIS system that uses the BIS XP (BIS expanded performance) technology to determine the effects of sedatives and anesthesia on the patient’s brain with the help of Quatro (four electrodes) sensor.

Some of the most prominent competitors operating in the competitive landscape of US depth of anesthesia monitoring market include –

  • Mennen Medical Ltd. (Israel)
  • Shenzen Midnray Bio-Medical Electronics Co. Ltd. (China)
  • Philips Healthcare (Netherlands)
  • Masimo Corporation (US)
  • GE Healthcare (US)
  • Medtronic Public Limited Company (Ireland)

The US depth of anesthesia monitoring market is divided into three subcategories based on the type of device. They are standalone devices, bundled devices, and modules. Of these, the US market is expected to be dominated by the modules segment. The reason behind the high growth rate of the segment is due to the ability of these modules to integrate into various DOA devices. This has fueled its adoption in the US healthcare sector. The manufacturers offer a variety of modules to determine the DOA parameters including patient state index (PSI), BIS, and entropy.

US Depth of Anesthesia Monitoring Market: Drivers and Restraints

The increasing number of patients in clinics and hospitals coupled with the growing number of surgeries are playing an important role in driving the growth of the US depth of anesthesia monitoring market. In addition to this, if the medical organization signs a long-term contract, the overall cost of the depth of anesthesia monitoring system lowers down significantly. This is also expected to act as a driving factor for the growth of the market.

However, there are some factors that are slowing down the growth of the depth of anesthesia monitoring market in the US. One big restraining factor is the high cost of maintenance. Such a high cost can only be afforded by big and established medical organizations. It thus considerably affects the large scale adoption of the depth of anesthesia monitoring systems. Furthermore, the role GPOs – traditionally a dominant force in the mode of purchase – is now slowly diminishing. This is also projected to curtail market growth. However, increasing demand from the hospitals and investments and grants offered by the government to use these systems is projected to create better business opportunities for the growth of the market in the coming years.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?