Anesthesia Information Management System Market Forecasts to 2028 – Global Analysis By Component (Equipment Software, Hardware Computer and Workstations Mounting), Application (Intraoperative, Pre-operative and Post-operative) and End User and By Geograph

Anesthesia Information Management System Market Forecasts to 2028 – Global Analysis By Component (Equipment Software, Hardware Computer and Workstations Mounting), Application (Intraoperative, Pre-operative and Post-operative) and End User and By Geography

According to Stratistics MRC, the Global Anesthesia Information Management System Market is accounted for $499.95 billion in 2022 and is expected to reach $775.89 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Anesthesia information management system is an intelligent and knowledge-based system that systematically stores the patient's anesthesia-related information in a digital format. The advent of anesthesia information management systems in the last decade has greatly decreased the need to keep records about anesthesia scheduling. Anesthesia information management systems can analyse historical patient data, which is useful for anesthesiologists for scheduling dosage and subsequent therapy. Anesthesia information management systems have enhanced patient care by collecting vital signs in patients, resulting in fewer emergency situations.

According to the Anesthesia Patient Safety Foundation, an estimated that 75% of US academic anesthesiology departments are using anesthesia information management systems and is expected to rise to 84% by 2020.

Market Dynamics:

Driver:

Surge in awareness

The increased knowledge of the existence of such a crucial system that aids in lowering difficulties caused by anesthesia is projected to help the market acquire maximum share in the approaching years. The deployment of Anesthesia Information Management Systems has increased by around or even more than 400% since. Furthermore, it was discovered that the vast majority of academic institutions have either accepted an AIMS or have signed commitments to do so. According to estimates, more than 20% of private practises have also incorporated these methods.

Restraint:

Lack of healthcare facilities in under-developed areas

The lack of healthcare services and resources in backward and underdeveloped rural areas poses a danger to the market. Inadequate health awareness, low per capita income, and poor surgical facility quality are all predicted to be hurdles for the anesthesia information management systems market.

Opportunity:

Increasing awareness about Internet of Things (IoT)

The growing awareness of the Internet of Things among healthcare personnel and patients, as well as smart devices such as smartphones and laptop computers, is expected to promote interoperability across the healthcare system. Growing harmony between humans and smart technology is expected to shorten the time necessary for comprehension, providing profitable chances to the anesthesia information management systems industry.

Threat:

High cost

Some of the market's obstacles include the high expenses connected with AIMS, a lack of sufficient technology resources, and opposition to any form of change owing to uncertainties. Furthermore, the major healthcare corporations' rising research and development operations to create and implement minimally invasive surgical equipment are projected to reduce the requirement for anesthesia.

Covid-19 Impact

The COVID-19 pandemic has cast a shadow on hospital practises: better equipment, telemedicine in pre-anesthesia assessment and pain clinics, and digitization in operating rooms, among other things, have become the new normal. The role of anesthesiology organizations and societies has also expanded: developing protocols, hosting instructive webinars, testing newer equipment, and disseminating information via various social media platforms and periodicals. As a result, the market is predicted to benefit from the COVID-19 situation, as the operating rooms have seen a rise in the full-scale return of elective to semi-elective surgeries.

The equipment software segment is expected to be the largest during the forecast period

The equipment software segment is estimated to have a lucrative growth. The majority of hospitals and related end-users have adopted contemporary healthcare infrastructure, resulting in a significant growth in market volume for software with hardware and related components. By installing such software together with the entire configuration, the customer would have a cost-effective option for decreasing the large spending on capital equipment and associated upkeep. Furthermore, an AIMS increases patient safety by generating evidence-based suggestions to reduce risks during surgery and automatically uploading data from physiological monitoring and anesthesia equipment to an electronic anaesthetic chart.

The hospitals and clinics segment is expected to have the highest CAGR during the forecast period

The hospitals and clinics segment is anticipated to witness the highest CAGR growth during the forecast period. The implementation of Anesthesia Information Management Systems in hospitals and clinics can assist improve the quality and safety of patient care. The systems generate a complete, legible, and accurate anesthesia record. This helps to guarantee that the correct medications are provided to the patients while also reducing medication errors. Furthermore, by providing a single source for all anaesthetic information, these systems serve to improve clinician communication. This enables for better coordination of treatment for patients.

Region with highest share:

North America is projected to hold the largest market share during the forecast period because of the increased demand for enhanced patient care database systems and the prevalence of chronic diseases, the number of surgical procedures is increasing. Furthermore, increased emphasis on the use of data analytics and decision making systems in the healthcare sector, limitations on traditional anesthesia dosage tracking systems, improved nurse education, and improved healthcare facilities are some of the factors driving the growth of anesthesia information management systems in North America.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing of the increased requirement for real-time intraoperative medical systems, access to patients' previous records, the rise in need for precise recording systems, and the growing need for greater quality as population health management issues emerge. The Indian government announced the National Digital Health Mission, a comprehensive digital health ecosystem, in August 2020. Such programmes can contribute in the expansion of the region's market.

Key players in the market

Some of the key players profiled in the Anesthesia Information Management System Market include Allscripts Healthcare, LLC, Koninklijke Philips N.V., Provation, Fukuda Denshi UK, Drägerwerk AG & Co. KGaA, iMDsoft, Surgical Information Systems, Oracle (Cerner), Plexus Technology Group, LLC., Talis Clinical, LLC, GE Healthcare, Merge Healthcare and Flexicare Medical Limited.

Key Developments:

In October 2020, Surgical Information Systems announced that Accel-KKR had purchased the bulk of its stock. This investment by Accel-KKR deepens SIS' commitment to its clients and the industry as a whole due to the unprecedented demand for outpatient operations and the ongoing transfer of increasingly complex procedures to ASCs. Because of this, the business is dedicated to providing its clients with software, like AIMS, that will eventually enable clinical, process flow, and case management.

In January 2019, Plexus Technology Group, LLC. presented its ground-breaking anesthesia EMR at the conference, thus increasing the individuals\' awareness regarding the system and, hence, propel the market in the estimated year. This introduction was facilitated by the American Society of Anesthesiologists (ASA). The product was proposed the name PRACTICE MANAGEMENT and is designed to have a better notification system than earlier.

Components Covered:
• Equipment Software
• Hardware Computer
• Workstations Mounting

Applications Covered:
• Intraoperative
• Pre-operative
• Post-operative

End Users Covered:
• Ambulatory Surgical Centers
• Hospitals and Clinics
• Pain management Clinics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements