Anesthesia Monitoring Devices Market

Anesthesia Monitoring Devices Market Overview

The global Anesthesia Monitoring Devices Market size was valued at USD 1.89 billion in 2023 and is predicted to reach USD 3.69 billion by 2030 with a CAGR of 10.0% from 2024 to 2030.

Anesthesia monitoring devices, also known as anesthesia monitoring systems, includes the range of medical equipment used to track and monitor vital signs, physiological functions, and anesthesia depth in patients undergoing surgical procedures. These devices help in monitoring key parameters such as heart rate, blood pressure, oxygen levels, respiratory rate, and anesthetic gas levels to ensure the safe and effective administration of anesthesia.

Some key features of the monitoring device related to anesthesia include real-time data display, alarm systems for detecting abnormalities, and integration with other medical equipment.

The advantages of anesthesia monitoring system lie in their ability to improve patient safety, optimize anesthetic dosage, and enhance the overall efficiency of surgical procedures. Moreover, it includes both standalone devices and integrated systems that offer comprehensive monitoring solutions in operating rooms, intensive care units, and surgical centers.

Market Dynamics and Trends

The rise in surgical procedures increases the need for accurate and continuous assessment of patients' vital signs during operations that in turn propels the anesthesia monitoring devices market growth.

As per the report published by the International Society of Aesthetic Plastic Surgery (ISAPS) 2022, plastic surgeons conducted over 14.9 million surgical procedures in 2022 at worldwide level. This surge in surgical activity necessitates improved monitoring capabilities to manage anesthesia effectively and promptly address any complications that may occur, thereby driving the demand for anesthesia machines.

Furthermore, the rising incidence of chronic diseases accelerates the anesthesia monitoring devices market demand as patients with chronic conditions requires surgical interventions and complex anesthesia management. These patients are at higher risk for complications during procedures, necessitating advanced monitoring to ensure their safety and optimize anesthesia dosage.

According to the World Health Organization (WHO) 2023, chronic disease results in death of around 41 million every year that accounts for over 74% deaths globally. The surge in prevalence of chronic illnesses increases the adoption of sophisticated monitoring systems by healthcare providers to track vital signs, adjust anesthesia in real-time, and manage potential risks, thus propelling the market growth.

Moreover, the surge in healthcare expenditure by regulatory bodies enhances the demand for anesthesia monitoring devices by funding advancements in medical technology and improving healthcare infrastructure.

The latest report published by the World Bank Group states that the global healthcare expenditure accounts for USD 1266 per capita in 2021 that accounts for a rise of around 7% from USD 1180 per capita in 2020. The rise in financial resources allocated to healthcare enable hospitals and surgical centers to invest in advanced monitoring equipment, that is essential for ensuring patient safety and optimizing anesthesia management during procedures.

However, the high cost of these devices restrains the anesthesia monitoring devices market growth by limiting access by smaller healthcare facilities and those in developing regions due to availability of limited capital expenditure.

On the other hand, the integration of depth of anesthesia monitoring (DOAM) into anesthesia monitoring devices creates significant market opportunities by offering enhanced precision in assessing anesthesia levels, that improves patient safety and outcomes. This advanced technological development in vital signs monitoring systems is anticipated to increase its adoption in the forthcoming years by enabling healthcare providers to precisely tailor anesthesia administration in patients.

Market Segmentations and Scope of the Study

The anesthesia monitoring devices market report is segmented on the basis of product, end users, and region. On the basis of product, the market is divided into advanced anesthesia monitors, basic anesthesia monitors, and integrated anesthesia workstations. On the basis of end users, the market is divided into hospitals, ambulatory surgery centers, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the anesthesia monitoring devices market share and is projected to maintain its dominance throughout the forecast period. This is attributed to the surge in government spending towards healthcare in the region that increases the adoption of sophisticated monitoring systems to track vital signs in patients.

As per the latest report published by the American Medical Association 2024, healthcare spending in the U.S. rose to USD 4.5 trillion in 2022 that is an increase of around 4.1% from the previous year. This rise in government investment towards healthcare sector boosts the adoption of advanced medical devices such as anesthesia monitoring systems, enabling precise anesthesia adjustments, and improving overall patient care in the region.

Additionally, the surge in surgical procedures in the region further drives the demand for anesthesia monitoring devices as these devices are essential for ensuring patient safety and effective anesthesia management during operations.

According to the latest data of the World Bank 2024, the number of surgical procedures in Canada accounts for around 6,928 among per 100,000 population in 2021. The rise in number of surgeries propels the need for precise and continuous monitoring to manage anesthesia levels accurately and promptly address any complications, thereby boosting the market growth.

On the other hand, the Asia-Pacific region is expected to show a steady rise in the anesthesia monitoring devices market trends. This is due to the rise in the geriatric population in the countries such as Japan and China that leads to a higher demand for surgeries and a greater risk of complications during anaesthesia.

As per the report published by the World Economic Forum 2023, around a third of the population in Japan is over 65 years that accounts for around 36.23 million people in 2023. The rise in age-related health issues such as cardiovascular diseases, diabetes, and respiratory conditions, necessitates the need for precise monitoring of vital signs to safely administer anesthesia, thus propelling the market growth.

Moreover, the high prevalence of chronic diseases such as cardiovascular disorders, diabetes, and respiratory conditions in the region increases the demand for anesthesia respiratory devices due to the complexity and risks involved in treating these patients.

Individuals with chronic illnesses require surgical interventions, and their compromised health makes them more vulnerable to anesthesia-related complications. Anesthesia monitoring system ensure their safety, precise and continuous monitoring of vital signs during surgery.

According to the latest report of the International Diabetes Federation, around 74 million people suffers from diabetes in India in 2021 that is expected to rise to around 124 million by 2045. The rise in spread of chronic disease in the region accelerates the demand for advanced anesthesia monitoring systems to support effective anesthesia information management in patients.

Competitive Landscape

Various market players operating in the anesthesia monitoring devices industry includes GE Healthcare, Draegerwerk AG, Masimo, Medtronic, Koninklijke Philips NV, Mindray Medical International Limited, Smiths Medical, B. Braun Melsungen AG, Fisher & Paykel Healthcare and Nihon Kohden Corporation. These companies are adopting strategies such as product launches to stay competitive and maintain their positions.

For instance, in January 2024, Schiller launched its new MAC series of anesthesia machines in India. This launch represents a significant advancement in the healthcare field, featuring advanced technology designed to enhance the precision and efficiency of anesthesia administration.

Furthermore, in August 2023, Mindray introduced advancements to its A-Series Anesthesia System, enhancing its safety and efficiency features. The new improvements include advanced monitoring capabilities and enhanced data integration, aimed at providing more accurate and reliable anesthesia delivery.

Key Benefits

• The report provides quantitative analysis and estimations of the anesthesia monitoring devices market from 2024 to 2030, which assists in identifying the prevailing industry opportunities.

• The study comprises a deep-dive analysis of the current and future anesthesia monitoring devices market trends to depict the prevalent investment pockets in the sector.

• Information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Anesthesia Monitoring Devices Market Key Segments

By Product 

• Advanced Anesthesia Monitors

• Basic Anesthesia Monitors

• Integrated Anesthesia Workstations 

By End-Users

• Hospitals

• Ambulatory Surgery Centers

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• GE Healthcare

• Draegerwerk AG

• Masimo

• Medtronic

• Koninklijke Philips NV

• Mindray Medical International Limited

• Smiths Medical

• B. Braun Melsungen AG

• Fisher & Paykel Healthcare

• Nihon Kohden Corporation

REPORT SCOPE AND SEGMENTATION

Parameters	Details
Market Size in 2023	USD 1.89 Billion
Revenue Forecast in 2030	USD 3.69 Billion
Growth Rate	CAGR of 10.0% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Increase in surgical procedures fuels the market. Rising incidence of chronic diseases boosts the market growth. Surge in healthcare expenditure by regulatory bodies propels the market growth
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.