Depth of Anesthesia Monitoring Market 2020 Size, Growth Analysis Report, Forecast to 2026
The global
depth of anesthesia monitoring market is expected to witness a growth
rate of 3.6% during the forecast period (2019-2025). The global depth of
anesthesia market is expected to grow at a steady rate during the forecast
period. Depth of anesthesia monitoring machines are used to monitor the dose of
anesthesia in a patient at the time of general anesthesia. A major factor
contributing significantly to the growth of the market is the high number of
surgeries in which general anesthesia is injected into the patient. Heart
surgeries, knee & hip replacement surgery, brain-related surgeries are some
of the common surgeries where general anesthesia is used widely. Apart from
this, general anesthesia is also injected during major cosmetic surgeries.
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Surgeries related to the heart and
brain are covered in healthcare insurance coverage in the US. Moreover, a
number of times, depending on the condition, hip and knee replacement are also
covered in healthcare insurance. Due to this, a person can afford better
healthcare facilities by equipping the latest technology for maximum safety. As
per the American Debt Health Insurance in 2018, the average price of heart
valve replacement in the US is around $170,000 whereas for heat bypass it is
$123,000. Hip replacement cost $40,000 and knee replacement cost $35,000. Most
part of the surgery cost is covered by the insurance company which includes the
cost of anesthesia also.
According to the American Hospital
Association, more than 18.2 million outpatient surgeries were performed in the
US as compared to 17.3 million in 2010. Moreover, in 2016, around 9 million
inpatient surgeries were performed in the US. In addition, each year more than
600,000 knee replacements were performed in the US as per the data by the American
Academy of Orthopaedic Surgeons. In England and Wales, more than 160,000 hip
and knee replacement procedures are performed each year in the UK.
Apart from the surgeries which are
covered in healthcare insurance, there is a significant market for cosmetic
surgery which is not covered in healthcare insurance. In various major cosmetic
surgeries, anesthesia is required. As per the American Society of Plastic
Surgeons, around 1.81 million cosmetic surgeries were performed in 2018 as
compared to 1.79 million in 2017. South Korea is also expected to be a major
market for cosmetic surgery and hence for anesthesia monitoring devices.
The cosmetic surgery rate is highest
globally in South Korea. One in three women in South Korea has undergone
cosmetic surgery in their lifetime. Apart from that, a significant number of
cosmetic surgeries were performed in countries including China, Brazil,
Germany, India, and Mexico. As per the International Society of Aesthetic
Plastic Surgery, Brazil accounts for the country for the cosmetic surgical
procedures after the US in 2017. The low cost of surgery is one of the major
factors of such a high number of surgeries in the country. Such facts reflect
the increasing demand for general anesthesia, which in turn, contributes to the
depth of anesthesia monitoring market growth.
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Global Depth of Anesthesia Monitoring
Market- Segmentation
By Technology
·
Bispectral Index
·
Entropy
·
Patient State Index (PSI)
By End-User
·
Hospitals
·
Clinics & Ambulatory Surgical Center
Regional
Analysis
North America
·
United
States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of
Europe
Asia-Pacific
·
India
·
China
·
Japan
·
Rest of
APAC
Rest of The
World
·
Middle
East & Africa
·
Latin
America
Company
Profiles
·
Drägerwerk
AG & Co. KGaA
·
GE
Healthcare
·
Guangzhou
Yueshen Medical Equipment Co., Ltd.
·
Koninklijke
Philips N.V.
·
Masimo
Corp.
·
Medtronic
PLC
·
Mennen
Medical Ltd.
·
OSI
Systems, Inc. (Spacelabs Healthcare Inc.)
·
Quantium
Medical S.L.U.
·
Shenzhen
Growyoung Medical Technology Co., Ltd
·
Shenzhen
Mindray Bio-Medical Electronics Co., Ltd
·
Triton
Electronic Systems Ltd.
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