Pune, India -- (SBWIRE) -- 12/13/2019 -- The Infinium Global Research analyzes the "Anesthesia Monitoring Devices Market (Device Type - Integrated Anesthesia Workstation, Basic Anesthesia Monitors, and Advanced Anesthesia Monitors; End User - Hospitals, Cancer Centers, Multispecialty Clinics, Cardiac Centers, Ambulatory Surgery Centers, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global anesthesia monitoring devices market is projected to grow at a CAGR of 12.7% over the forecast period of 2019-2025.

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The Growing Adoption of Technologically Upgraded Monitoring Devices Driving the Growth of the Market

Increasing incidences of cancer, orthopedic diseases, and chronic diseases are the major factors that drive the growth of the anesthesia monitoring devices market. According to the National Cancer Institute, an estimated 1,735,350 cases of cancer were detected in the United States in 2018. Furthermore, the growing adoption of technologically upgraded monitoring devices is also boosting the growth of the market across the globe. An increase in the geriatric population also helps in the growth of the anesthesia monitoring devices market. 

However, the high price related to such devices may hinder the growth of the anesthesia monitoring device market. Moreover, growing awareness among physicians about various factors such as choice of an anesthetic drug, appropriate route of administration, and the right dose of the anesthetic drug creates an opportunity for the growth of the market in the upcoming years.

The Hospital Segment Holds the Maximum Market Share in the Anesthesia Monitoring Devices Market

The anesthesia monitoring devices market is segmented on the basis of device type and end-user. Based on device type, the anesthesia monitoring devices market is divided into integrated anesthesia workstation, basic anesthesia monitors, and advanced anesthesia monitors. Advanced anesthesia monitors are further sub-segmented into the depth of anesthesia, gas monitors, standalone capnography monitors, and MRI compatible anesthesia monitors. The advanced anesthesia monitors segment holds the largest market share during the forecast period. This is mainly due to its durability, reliability, and accuracy.

Moreover, these devices monitor various important factors such as carbon dioxide level, heart rate, oxygen saturation level, and blood pressure. Moreover, in terms of end-user, the global market is fragmented into hospitals, cancer centers, multispecialty clinics, cardiac centers, ambulatory surgery centers, and other end users. The hospital's segment holds the maximum market share in the anesthesia monitoring devices market due to the availability of advanced healthcare infrastructure, and the presence of skilled professionals.

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North America is Expected to Lead the Anesthesia Monitoring Devices Market Throughout the Forecast Period

Geographically, the global anesthesia monitoring devices market is characterized by North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to lead the anesthesia monitoring devices market throughout the forecast period. This is mostly due to the growing awareness of patient safety, favorable reimbursement network, and favorable government funding in the region.

The U.S. holds the largest revenue in the North American as well as the global anesthesia monitoring device market. Moreover, Asia Pacific is likely to grow at a rapid speed during the forecast period. This is attributed to the increasing aging population and the large pool of patients in the region. Furthermore, a growing number of surgeries also fuels the growth of the anesthesia monitoring devices market in the Asia Pacific region.

Anesthesia Monitoring Devices Market: Competitive Analysis

The global anesthesia monitoring devices market comprises the players such as Baxter International, Inc., Cardinal Health, GE Healthcare, Heyer Medical AG, Intersurgical Limited, Medtronic, Inc., Mindray Medical International Limited, Nihon Kohden Corporation, Philips Healthcare, and Smiths Medical, Inc. New production techniques and new collaborative developments are some strategic initiatives taken by the industries to retain oneself in the competition.

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Reasons to Buy this Report:

=>Comprehensive analysis of global as well as regional markets of the anesthesia monitoring devices.

=>Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=>Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=>Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.