Anesthesia is a medical procedure to control pain during the course of a surgery. Anesthesia monitors have been widely used in a number of healthcare organizations, clinics and outpatient surgery centers to track the patient’s vital signs such as blood pressure and temperature, while they are under sedation in the operating theater.
Increasing approvals from healthcare regulatory authorities for new technologies is expected to drive the market growth. For instance, in March 2019, Masimo Corp. received CE marking for its Next Generation SedLine brain function monitoring for pediatric patients. Sedline helps surgeons to monitor the state of the brain of pediatric patients under anesthesia with bilateral data acquisition and processing of four leads of electroencephalogram (EEG) signals.
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Moreover, in June 2016, GE Healthcare launched Carestation 600 Series — an affordable suite of anesthesia solutions — at the Vietnam Congress of Anaesthesiology 2016. The new suit consists of two machines, monitoring devices and advanced ventilation tools, for balancing user interface design with intelligent tools to help physicians prevent misuse and medical errors in the operating room.
Anesthesia devices are used commonly in all types of surgeries as they are designed to offer an accurate and continuous supply of mixed medical gases with anesthetic vapors, which are delivered to patient at a safe pressure and flow. According to the Centers for Disease Control and Prevention (CDC), in 2010, 16 million operative procedures were performed in the U.S. Increasing number of patients suffering from respiratory diseases is expected to boost growth of the market. According to CDC, in 2016, around 24 million people, including over 6 million children suffered from asthma in the U.S.
Furthermore, increasing launch of advanced anesthesia workstations is expected to boost the market growth. For instance, in February 2012, Intersurgical launched two Anaesthetic Gas Scavenging System (AGSS) Pressure Relief Valves, one for use with 30mm scavenging tube and the other one for use with 22mm scavenging tube allowing the pressure to build up in the breathing system and preventing the patient from exhaling. These valves can be used to release pressure into the atmosphere, thereby reducing the pressure in the breathing system.
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For instance, in May 2018, the American Society of Anesthesiologists (ASA) and CAE Healthcare launched interactive, screen-based simulation training product line Anesthesia SimSTAT. Anesthesia SimSTAT – Appendectomy training is designed to offer physician anesthesiologists to manage challenging anesthetic emergencies in patients undergoing laparoscopic surgeries for acute appendicitis.
Presence of major player such as Medtronic plc, Getinge AB, and Draegerwerk AG & Co. KGaA in European countries is expected to drive growth of the Europe anesthesia device market. For instance, in November 2012, Covidien — minimally invasive therapies division of Medtronic plc. — announced that UK-based National Institute for Health and Clinical Excellence (NICE) has approved the use of its electroencephalography (EEG)-based monitor — Bispectral Index (BIS) monitor— as an option for measuring depth of anesthesia.
Key players operating in the anesthesia device market include, GE Healthcare, Spacelabs Healthcare., Septodont Inc, Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HEYER Medical AG, ORICARE, Inc., Philips Healthcare, Becton Dickinson and Company, and Getinge AB.
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