Increasing computational power allows monitoring every aspect of the patient’s movements and response during surgery. It also leads to better and more accurate outcomes of anesthesia monitoring. A leap in medical technologies will result in a solid integration of monitors with software. Further, the increased use of high-tech products and investments in the depth of anesthesia monitoring devices by private market players are leading to significant future trends. The depth of the anesthesia monitoring market is characterized by the presence of many small and large-scale companies. Companies are adopting new product launches, geographic expansions, and technological advancements to increase their market share. Moreover, innovations and technological advancements have eased anesthesia administration, monitoring, and efficacious drug use. Leading players in the depth of anesthesia monitoring market are investing in R&D to develop advanced technologies and enhance their revenue performances. For instance, in February 2022, Masimo announced the FDA clearance of the SedLine brain function monitoring device for pediatric patients (1–17 years of age) and the SedLine Pediatric EEG Sensor. The product is equipped with Masimo's advanced signal processing technology and assists clinicians in monitoring brain activity bilaterally by processing EEG signals received from Masimo's 4-lead SedLine EEG Sensors. Further, in October 2020, Mindray announced the launch of its new anesthesia system named A9, which is likely to empower anesthesiologists and ensure complex, comprehensive patient safety throughout the perioperative period, i.e., from induction to recovery. The technology also helps reduce the workload for clinicians while lowering costs by minimizing the consumption of gas and agents used throughout the surgical procedure. Further, A9 can be physically connected to many other Mindray devices as a highly integrated anesthesia workstation. The active participation of market players in product innovation and development and the spur in product approvals are likely to introduce new trends in the MEA depth of anesthesia monitoring market in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa depth of anesthesia monitoring market at a substantial CAGR during the forecast period.
Middle East & Africa Depth of Anesthesia Monitoring Market Segmentation
The Middle East & Africa 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 Middle East & Africa depth of anesthesia monitoring market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA. In 2021, Saudi Arabia held the largest market share; and it is also 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 some of the leading companies in the Middle East & Africa depth of anesthesia monitoring market.