The global anesthetic gas monitor market size is estimated to reach USD XX billion, delivering a CAGR of XX% through 2032. The market growth is driven by a rise in the prevalence of chronic diseases and an increase in the number of patients undergoing surgeries, which is creating major demand for anesthetic gas monitors. The World Health Organization estimates that nearly 234.2 million major surgical procedures are performed every year worldwide.
Anesthetic gas monitors are witnessing high adoption rate as it offers continuous monitoring of anesthesia gas, exhalation of carbon dioxide, oxygen inhalation, and levels of nitrous oxide. The ongoing technological advancements in the field of respiratory gas monitoring are aiding anesthesia caregivers with valuable information, such as the shrinking of the physical attributes of these monitors & sensors, the quantity of gas delivery, and others. Moreover, the increasing cost-effectiveness of the product has led to its increased use in most modern operating rooms globally. Anesthetic gas monitor systems can alert the caregiver regarding a number of potentially adverse conditions such as error of a vaporizer filled with an incorrect agent, gas agent overdose, timing to reach MAC awake, monitoring of distribution & uptake, and assurance that the desired concentration of the gas agent is being delivered, mainly when low flow anesthesia is administered.
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Governments in both developing and developed countries are prioritizing patient safety during medical treatment and surgical procedures. The governments are also providing support by offering reimbursement in order to offer better quality care, which may positively impact the anesthetic gas monitor market growth. Moreover, strict regulatory laws enforcing safe clinical practice on inhalation of anesthesia gases will foster anesthetic gas monitor market share over the forecast period.
On the basis of product type, the global anesthetic gas monitor market share is bifurcated into BIS, e-entropy, narcotrend, and others. The BIS (bi-spectral index monitoring) segment is estimated to showcase significant growth through 2032 due to extensive clinical practice of the product as a monitor to assess the depth of anesthesia. The product features a sensor, a monitor, and a digital signal converter. The sensor is placed on the forehead of a patient to determine the electrical signals from the cerebral cortex, which is then transferred to the digital signal converter. A bispectral index monitoring score quantifies changes in the electrophysiologic state of the brain during the anesthesia is administered.
On the basis of application, the global anesthetic gas monitor market is segmented into ICU monitoring and surgical use. The surgical use segment is estimated to massively contribute to the anesthetic gas monitor market revenue share through 2032 due to a rise in the number of surgical procedures undertaken globally.
In the regional landscape, North America is expected to dominate the global anesthetic gas monitor market share over the forecast period due to the increasing prevalence of chronic diseases like cardiovascular diseases, cancer, tumors, others, along with growing spending on medical products, technological advancements, which in turn, will foster regional market share.
The Asia-Pacific will be the fastest-growing market for the anesthetic gas monitor industry due to a significant development in the anesthetic gas monitoring devices in the region, especially in India and China.
Key players operating in the global anesthetic gas monitoring market are МеdtrоnісNіhоn Коhdеn, GЕ Неаlthсаrе, Ѕрасеlаbѕ, Ѕсhіllеr, Маѕіmо, Міndrау, ЕDАN, Ѕzmеdtесh, and Dаnmеtеr, among others. These industry players are adopting several strategies such as acquisitions, mergers, collaborations, new product development, and capacity expansion, thereby supporting the overall growth of the market. Moreover, rising investments by the key industry players for the R&D activities will further bolster market growth over the analysis period.
Masimo, an American manufacturer of non-invasive patient monitoring technologies, won European clearance in March 2022 for introducing its Next Generation SedLine brain monitoring system for use on pediatric patients. The technology has already been cleared in Europe and the U.S. for adult patients for assessing brain function while anesthesia is being administered in a patient. The technology will enable maintaining the proper depths of anesthesia for preventing side effects and improving post-surgical recovery.
In January 2022, Drägerwerk AG launched several new products, including ICU ventilators and anesthesia workstation, at the Arab Health 2022 held in Dubai, UAE.
Segments covered in this market study
This report about global anesthetic gas monitor market forecasts revenue growth at the global, regional, and country-level, provides an analysis of the industry trends in each of the sub-segments from 2023 to 2032. For the purpose of this study, the market is segmented on the basis of product type, application, and region:
Product Туре Outlook (Revenue in USD Million; 2023–2032)
- ВІЅ
- Nаrсоtrеnd
- Е-Еntrору
- Оthеr
Аррlісаtіоn Outlook (Revenue in USD Million; 2023–2032)
- Ѕurgісаl Uѕе
- ІСU Моnіtоrіng
Regional Outlook (Revenue in USD Million; 2023–2032
- North America
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- U.S.
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- Canada
- Europe
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- Germany
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- France
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- U.K.
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- Spain
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- Italy
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- Rest of Europe
- Asia Pacific
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- China
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- India
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- Japan
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- Rest of Asia Pacific
- Latin America
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- Brazil
- Middle East & Africa
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