The
global anesthesia monitoring device market is
witnessing substantial growth due to advancement in technology of anesthesia
monitoring device and increasing number of surgeries. Growing awareness among
physicians about various factors such as appropriate route of administration,
right dose of anesthetic drug and choice of anesthetic drug, is further
expected to boost the market.
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Based on product type, advanced anesthesia monitor was globally
the largest segment due to its accuracy, durability and reliability in
monitoring anesthesia. It also helps in monitoring vital parameters such as
oxygen saturation level, heart rate, blood pressure, and carbon dioxide levels.
Hospitals have been the largest user of anesthesia monitoring devices due to
availability of advanced healthcare infrastructure, and presence of skilled
professionals in the hospital.
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Geographically, North America has been the largest market for
anesthesia monitoring device, owing to increasing awareness of patient safety
and awareness among patient and physicians, favorable reimbursement network,
and favorable government funding in the region. The U.S. contributed largest
revenue to the North American as well as global anesthesia monitoring device
market. Globally, the anesthesia monitoring device market is expected to
witness the fastest growth in Asia-Pacific during the forecast period. The
highest growth in the region is attributed to growing geriatric population,
large pool of patients, advancing healthcare system, and increasing number of
surgeries in the region.
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The key players operating in
the global market are Medtronic Plc, General Electric Company, Philips
Healthcare, Masimo Corporation, Nihon Kohden Corporation, Dragerwerk AG &
Co. KGaA, Schiller AG and Mindray Medical International Limited.
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