Anesthesia Monitoring Devices Market Size, Share & Trends Analysis Report By Product, By End-use (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), By Region, And Segment Forecasts, 2024 - 2030

Anesthesia Monitoring Devices Market Size, Share & Trends Analysis Report By Product, By End-use (Hospitals, Specialty Clinics, Ambulatory Surgery Centers), By Region, And Segment Forecasts, 2024 - 2030

Anesthesia Monitoring Devices Market Growth & Trends

The global anesthesia monitoring devices market size is expected to reach USD 4.27 billion by 2030, registering a CAGR of 11.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing geriatric population base and the spiraling number of surgeries are anticipated to boost the market growth. Geriatric patients are the target population for this industry as they are highly prone to various chronic disorders and are at a higher risk of developing complications.

The rising awareness amongst the physicians about the various factors that affect patient outcomes, such as the choice of anesthetic drug, the appropriate route of administration, and the right dose of the anesthetic agent, as well as the monitoring of the depth of anesthesia is likely to accelerate the growth of the market during the forecast period.

Technological advancements in terms of accuracy, portability, and affordability have resulted in the increased usage of these monitoring devices. For instance, the introduction of the new generation, microprocessor-based intelligent anesthesia systems with integrated monitors enables monitoring of various parameters along with the precisely-controlled administration of the anesthetic agent.

Anesthesia Monitoring Devices Market Report Highlights

• Integrated Anesthesia Workstations (IAW) accounted for 40.0% of the market share in 2023 owing to the significant technological enhancements that made them more efficient and user-friendly.
• Advanced anesthesia monitors are expected to register the fastest CAGR during the forecast period owing to robust technological advancements that ensure patient safety.
• Hospitals segment dominated the market in 2023. As primary healthcare facilities, hospitals handle a substantial number of surgical procedures, ranging from routine to complex cases which demands precise anesthesia monitoring methods.
• Ambulatory surgery centers (ASCs) are projected to grow substantially at a CAGR of 11.7% over the forecast period. This can be credited to major shifts in patient preferences.
• North America dominated the anesthesia monitoring devices market with 36.1% of the share in 2023. It is attributable to the region’s highly developed healthcare infrastructure featuring a large number of hospitals and surgical centers.

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