Technavio, a tech-focused market research firm, has published a new report on the global anesthesia and gas monitoring devices market, which is expected to experience a slow but steady growth rate with a CAGR of close to 2% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global anesthesia and gas monitoring devices market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global anesthesia and gas monitoring devices market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global anesthesia and gas monitoring devices market for 2015 (market share %)
|
Americas |
43.21% |
|
EMEA |
32.40% |
|
APAC |
24.39% |
Source: Technavio
The Americas: largest revenue generating region for anesthesia and gas monitoring devices
The global anesthesia and gas monitoring devices market in the Americas generated revenues of around $80 million in 2015 and is predicted to grow at a CAGR about 11% by 2020. The increasing number of surgical procedures and hospital admissions will fuel the growth in the American market during the forecast period. The US is emerging as the key revenue generating country in this region. Several initiatives like government awareness programs for medical safety will revolutionize the market in this region. For instance, Pennsylvania Patient Safety Advisory in the US provide awareness about individual safety measures and information about anesthesia to promote medical safety practices across the region.
“Various government agencies conduct training programs for anesthetists and anesthesiologists to improve the skill set of medical professionals and to provide better medical facilities. The increasing adoption of hospital outpatient settings will drive the demand for anesthesia gas monitoring devices in this region. The government is also taking initiatives to launch best practices for anesthesia treatment in emerging nations like Mexico,” says Srinivas Sashidhar, a lead analyst at Technavio, specializing in research on orthopedics and general medical devices.
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Anesthesia gas monitoring devices market in EMEA
The global anesthesia and gas monitoring devices market in EMEA generated revenues of about $60 million in 2015 and is predicted to grow at a CAGR more than 12% by 2020. The increasing number of integrated anesthesia gas monitoring devices such as MRI compatible anesthesia gas monitors and stand-alone monitors will propel the growth of the market in this region. The growing number of clinical symposiums help in the training and create awareness about the advanced medical devices for physicians and other medical professionals. Reforms in the regulatory compliance and taxation will boost the growth of this market in the region.
Anesthesia gas monitoring devices market in APAC
The global anesthesia and gas monitoring devices market in APAC generated revenues of around $45 million in 2015 and is predicted to grow at a CAGR over 12% by 2020. The advancements in healthcare infrastructure and growing demand for more affordable medical treatment will make APAC the fastest growing region in the market. Countries like China, India, and Thailand will contribute to the highest revenues in the APAC market. The market in APAC is also witnessing reforms in government policies and funding for specialty hospitals that will help in the progress of the healthcare industry. The promotion of medical tourism in countries like India and China will help in the growth of the market in this region.
The top leading vendors operating in the global anesthesia and gas monitoring devices market are:
- Drägerwerk
- GE Healthcare
- Penlon
- Philips Healthcare
Other prominent vendors in the market include Fukuda Denshi, HEYER Medical, Masimo, Meditec International, Nihon Kohden, Oricare, Spacelabs Healthcare, AMBISEA Technology, Beijing Eternity Electronic Technology, Beijing Siriusmed Medical Device, Beijing Vanbonmed, Chirana, Criticare Systems, General Meditech Devices, Infinium Medical, OES Medical, and SIARE ENGINEERING INTERNATIONAL.
A more detailed analysis is available in the Technavio report titled, ‘Global Anesthesia And Gas Monitoring Devices Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Anesthesia Vaporizers Market 2016-2020
- Global Anesthesia Resuscitators Market 2016-2020
- Global Anesthesia Delivery Systems Market 2016-2020
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