Report : South America 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)
Direct Purchase is Expected to be the Fastest Growing Segment During the Forecast Period 2021–2028
According to a new market research study on “South America 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$ 18.06 million by 2028 from US$ 13.66 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the South America depth of anesthesia monitoring market along with the drivers and restraints pertaining to the market growth. Uplifting medical device industry and healthcare expenditure, growing number of surgical procedures, and excessive number of technological product approvals and launches are the major factor driving the growth of the South America depth of anesthesia monitoring market. However, heavy maintenance cost of depth of anesthesia monitors hinders the growth of South America depth of anesthesia monitoring market.
The South America depth of anesthesia monitoring market is segmented on the basis of purchasing type, product, end user, and country. Based on purchasing type, the South America depth of anesthesia monitoring market is segmented into direct purchase and group purchasing organization. In 2021, the direct purchase segment held a larger share of the market; and it is also expected to register a higher CAGR during the forecast period. Based on product, the market is segmented into devices and consumables. In 2021, the devices segment held the largest market share; and it is also expected to register the highest 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 South America depth of anesthesia monitoring market is segmented into Brazil, Argentina, and Rest of SAM. In 2021, Brazil held the largest market share; and Argentina 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; Spacelabs Healthcare; and Mennen Medical are among the leading companies in the South America depth of anesthesia monitoring market. For instance, Masimo Announces FDA Clearance of Pediatric Indication for SedLine Brain Function Monitoring and the SedLine Pediatric EEG Sensor. The product is equipped with Masimo's advanced signal processing technology, SedLine assists clinicians monitor brain activity bilaterally by processing EEG signals from Masimo's four-lead SedLine EEG Sensors.
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