US Depth of Anesthesia Monitoring Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
US Depth of Anesthesia Monitoring Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
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.
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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