New Study added on Depth of Anesthesia Monitoring Market Report Overview by Hospitals, Ambulatory Surgery Center and Clinic End Users. Key Observations of their Product and Business Offerings, Recent Developments, and Key Market Strategies.
Pune, India - July 4, 2019 /MarketersMedia/ —
The US depth of anesthesia monitoring market is projected to grow from US$ 141 million in 2018 to US$ 170 million by 2024, at a CAGR of 3.2% during forecast period. The increasing number of surgeries and rising patient volume in hospitals in US are major factors driving growth of this market. Also, through this report, stakeholders can understand pulse of market and gain important information on key market drivers, restraints, and opportunities.
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Depth of anesthesia monitoring devices is expensive and have considerably high installation & maintenance costs. Owing to this, their adoption is limited in small outpatient settings & clinics. Consumables segment held the largest share of the US depth of anesthesia monitoring market in 2018. Direct purchase of depth of anesthesia monitoring devices to gain traction during the forecast period.
“Increasing number of surgeries in the US to drive the overall growth of the US depth of anesthesia monitoring market”
Consumables segment accounted for largest share of anesthesia monitoring devices market in 2018. This can primarily be attributed to wide adoption of single-use sensors & requirement of repeat purchase of consumables. On other hand, depth of anesthesia monitoring instruments have an average life span of 10 years and are generally given free of cost if the purchaser is ready to sign a long-term contract for consumables.
More Information and Details on Depth of Anesthesia Monitoring Market Research Study Report Now at http://www.rnrmarketresearch.com/depth-of-anesthesia-monitoring-market-by-product-devices-consumables-device-module-standalone-mode-of-purchase-group-purchasing-organization-direct-purchase-end-user-hospitals-ambulatory-surgery-center-st-to-2024-market-report.html .
Direct purchasing is witnessing an upward trend in the supply chain of depth of anesthesia monitoring devices in the US. The role of GPOs in medical device purchasing is shrinking because GPOs focus on cost and volume to earn administrative fees (which they charge as a certain percentage of the total purchase value) from manufacturers rather than on the quality and functionality of products.
Some of the key players operating in the US depth of anesthesia monitoring market are Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Medtronic Public Limited Company (Ireland), GE Healthcare (US), Mennen Medical Ltd. (Israel), Masimo Corporation (US), and Philips Healthcare (Netherlands).
Recent Developments
• In 2018, Masimo Corporation (US) introduced the RD SedLine EEG sensor for use with Masimo SedLine Brain Function Monitoring.
• In 2017, Shenzhen Mindray Bio-Medical Electronics received FDA approval for its Passport Series Patient Monitors (Passport 12m, Passport 17m).
• In 2016, Masimo and Philips entered into a multi-year partnership for the joint marketing and sales of Masimo’s technologies in North America and certain markets in Asia and Europe.
• In 2015, Medtronic plc acquired Covidien plc, an Ireland-based global manufacturer of medical devices and supplies.
Download Complete Report on “Depth of Anesthesia Monitoring Market by Product (Devices, Consumables), Device (Module, Standalone), Mode of Purchase (Group Purchasing Organization, Direct Purchase), End User (Hospitals, Ambulatory Surgery Center, Clinic) - US Forecast to 2024” Study Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=2366861 .
Report Objective:
The growing patient pool in hospitals and the increasing number of surgeries are the major factors that are expected to drive the demand for depth of anesthesia monitoring products in hospitals in the US in the coming years. The adoption of depth of anesthesia monitoring devices is higher among hospitals as compared to smaller clinical settings due to their high installation and maintenance costs.
Modules can be integrated into different DOA devices, which has resulted in their widespread use in different clinical settings. Many of the modules in the US are provided by GE Healthcare, Philips, Mindray, and Spacelabs. These market players provide different modules to measure DOA parameters, including BIS, Entropy, and Patient State Index (PSI).
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