Depth of Anesthesia Monitoring Market Scope, Analysis, and Trends by 2028
Depth of Anesthesia Monitoring Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 203.32 Million |
Market Size by 2028 | US$ 280.83 Million |
Global CAGR (2021 - 2028) | 4.7% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Purchasing Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
End User-Based Insights
By end user, the depth of anesthesia monitoring market is segmented into hospitals, ambulatory surgery centers, clinics, and others. The hospitals segment held the largest market share in 2021, and it is likely to continue its dominance during the forecast period. The presence of technologically advanced devices & instruments to cater to a large population with maximum patient comfort, the inclination of major players toward selling their devices in the hospitals, the availability of advanced infrastructure, the availability of skilled personnel in hospitals, and favorable reimbursement rules for hospital procedures contribute toward the lucrative growth of the hospital segment.
Product launches and approvals are among the most commonly adopted strategies by companies to expand their global footprints and product portfolios. Market players also focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally. They aim to flourish their market shares with the development of innovative products. Shenzhen Mindray Bio-Medical Electronics Co. Ltd.; Medtronic; GE Healthcare; Masimo; Koninklijke Philips N.V.; FUKUDA DENSHI; 3M; Danmeter APS; Spacelabs Healthcare; and Mennen Medical are the leading companies operating in the depth of anesthesia monitoring market.