Report : Asia Pacific Depth of Anesthesia Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Purchasing Type (Direct Purchase and Group Purchasing Organization), Product (Devices and Consumables), and End User (Hospitals, Clinics, Ambulatory Surgery Centers, and Others)
Hospital segment to dominate the Asia Pacific Depth of Anesthesia Monitoring Market during 2021–2028
According to a new market research study on “Asia Pacific Depth of Anesthesia Monitoring Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Purchasing Type, Product, and End User” the market is expected to reach US$ 59.42 million by 2028 from US$ 41.50 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific depth of anesthesia monitoring market along with the drivers and restraints pertaining to the market growth. Elevating number of surgical procedures, strengthening medical device industry and healthcare expenditure, and broad number of technological product approvals and launches are the major factor driving the growth of the Asia Pacific depth of anesthesia monitoring market. However, exorbitant maintenance cost of depth of anesthesia monitors hinders the growth of Asia Pacific depth of anesthesia monitoring market.
The Asia Pacific depth of anesthesia monitoring market is segmented on the basis of purchasing type, product, end user, and country. Based on purchasing type, the market is bifurcated into direct purchase and group purchasing organization. In 2021, the direct purchase segment held a larger share of the market; and it is expected to register a higher CAGR during the forecast period. Based on product, the market is bifurcated into devices and consumables. In 2021, the devices segment held a larger market share; and it is expected to register a higher CAGR in the market during the forecast period. Based on end user, the market is segmented into hospitals, clinics, ambulatory surgery center, and others. In 2021, the hospitals segment held the largest market share; and it is also expected to register the highest CAGR in the market during the forecast period. Further, based on country, the Asia Pacific depth of anesthesia monitoring market is segmented into China, Japan, India, South Korea, Australia, and Rest of APAC. In 2021, China held the largest market share; and Japan is expected to grow at the fastest CAGR during the forecast period.
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 among some of the leading companies in the Asia Pacific depth of anesthesia monitoring market. For instance, Masimo and Dräger announced partnership whereby Dräger will integrate additional Masimo measurement technologies into Dräger's family of multi-parameter patient monitors, to help clinicians assess brain functions, oxygenation, and ventilation status.
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