Depth of Anesthesia Monitoring Devices Market Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2030

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The global depth of anesthesia monitoring devices market size was valued at US$ 260 Mn in 2019 and expected to reach US$ 401 million by 2030 expanding at a CAGR of 5.2% from 2021 to 2030. The global depth of anesthesia monitoring devices market is driven by rise in the number of surgical procedures and increase in the global geriatric population with major chronic diseases.

Depth of anesthesia can be defined as the degree to which the central nervous system (CNS) is depressed by the administration of general anesthetic agent based on the potency of the anesthetic agent and its concentration. The depth of anesthesia refers to a continuum of progressive depression of CNS and reduced responsiveness to stimulation. Different types of technologies are used to monitor depth of anesthesia, including bispectral index, entropy, and patient state index (PSI).

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North America dominated the global depth of anesthesia monitoring devices market in 2019. The trend is anticipated to continue during the forecast period. Highly structured healthcare industry, early new product adoption, high prevalence rate of major chronic diseases, and presence of major players are expected to propel the depth of anesthesia monitoring devices market in North America. Asia Pacific is likely to be a highly lucrative market for depth of anesthesia monitoring devices during the forecast period. The market in the region is projected to expand at a high CAGR from 2020 to 2030.

Rise in Number of Surgical Procedures and Increase in Global Geriatric Population with Major Chronic Diseases to Drive Market

The rise in number of surgeries, especially plastic and reconstructive surgeries, has led to the demand for depth of anesthesia monitoring devices. According to statistics provided by the International Society of Plastic and Aesthetic Surgeons (ISAPS), over 1.8 million cosmetic surgeries were performed across the globe in 2020. According to the American Society of Plastic Surgeons (ASPS), over 28,076 buttock augmentation and 299,715 breast augmentation surgeries were performed in the U.S. alone in 2019. Continuous increase in the geriatric population is anticipated to be a potential driver of the global depth of anesthesia monitoring devices market during the forecast period. The geriatric population is at high risk of major chronic diseases, which require surgical procedures. According to the U.S. Department of Health & Human Product estimates, the U.S. will have about 72.1 million geriatric population by 2030, which is more than twice the number in 2000.

Interprofessional Team Approach Helps Overcome Shortcomings of Artifacts in Outcomes

Bispectral index (BIS) has exhibited a positive cost-benefit ratio and lower morbidity than most invasive monitoring methods. However, it has been found that interference from medical devices causes artifacts, which impair the ability of BIS monitors to assess changes in the depth of anesthesia accurately. Hence, manufacturers in the depth of anesthesia monitoring devices market are becoming aware about the interprofessional team approach that involves participation of surgeons, nurse anesthetists, and other support staff, which ensure best possible patient outcomes.

The depth of anesthesia monitoring devices market is projected to cross the value mark of US$ 400 Mn by the end of 2030. Favorable market drivers such as the emergence of real-time depth of anesthesia monitoring systems, with the help of deep neural network technology, is aiding in market expansion.

Improving Anesthetic Gas Delivery with Very Low Concentrations Aids in Fast Recovery

Companies in the depth of anesthesia monitoring devices market are focusing on improving the anesthetic gas delivery to address cumulative requirements of increased patient safety and flexibility in patient care. Manufacturers are making anesthetic delivery more efficient by minimizing the use of anesthetic agents whilst maintaining optimal sedation for patients. As such, innovations in sub systems such as vaporizers, ventilators, circle absorbers, and the likes are supporting efficiency in anesthetic delivery. This has led to the concept of anesthesia workstation in the depth of anesthesia monitoring devices market.

Anesthesia workstation helps clinicians to provide comprehensive care to patients. Moreover, the evolution of the mechanical ventilation technology is contributing toward better gas delivery during complex lung conditions. Healthcare professionals are increasing efforts to maintain lowest mean airway pressure to reduce complications of volutrauma and baratrauma. The evolved technology in vaporizers ensures lowest possible concentrations of anesthetic agents and helps patients to recover fast after surgery.

Customizing Anesthetic Delivery with BIS Monitoring Improves Turnaround Time in ICUs

Advanced technologies hold promising potentials in patient monitoring. Innovations in neuro-muscular transmission (NMT) and anesthesia gas module (AGM) are creating revenue opportunities for device manufacturers in the depth of anesthesia monitoring devices market. Companies are bolstering their credibility credentials by adhering to regulatory norms in order to define a spectrum that can be used universally to monitor and maintain an adequate depth of anesthesia during surgeries. As such, BIS monitoring is being considered as the gold standard for customizing anesthetic delivery and significantly reduce the concentration of anesthetic agents compared to traditional methods.

Companies in the depth of anesthesia monitoring devices market are increasing efforts to facilitate better turnaround time of patients in intensive care units (ICUs) and post-surgery. Low anesthetic concentrations are also associated with reduced environmental footprint, owing to concerns regarding climate change.

Bispectral Index to Dominate Depth of Anesthesia Monitoring Devices Market

In terms of technology, the global depth of anesthesia monitoring devices market has been divided into bispectral index, entropy, patient state index (PSI), and others. The bispectral index segment dominated the global depth of anesthesia monitoring devices market in 2020. This trend is expected to continue during the forecast period. Anesthesia monitoring with bispectral index can be justified as it reduces the recovery time after waking, primarily by reducing the administration of general anesthetics as well as the risk of adverse events. These factors are likely to drive the segment during the forecast period. Entropy was the second largest segment in terms of market share in 2020. The growth of the segment can be attributed to launch of new products by leading players.

Modules to Offer Lucrative Opportunities

In terms of device type, the global depth of anesthesia monitoring devices market has been categorized into modules, bundled devices, and standalone devices. The modules segment accounted for a prominent share of the global depth of anesthesia monitoring devices market in 2020, as modules can be integrated into different DOA devices, which has resulted in their widespread use in different clinical settings, and major market players such as GE Healthcare, Philips, Mindray, and Spacelabs are providing innovative module products.

Hospitals Emerge as Major End User

In terms of end user, the global depth of anesthesia monitoring devices market has been classified into hospitals and clinics & ambulatory surgical centers. The hospitals segment led the global depth of anesthesia monitoring devices market in terms of revenue in 2020. The trend is expected to continue during the forecast period. Hospitals are an important channel for usage of depth of anesthesia monitoring devices. The rise in the number of hospitals in countries such as India and China is projected to increase the demand for depth of anesthesia monitoring devices. The growth of the segment can be attributed to the increase in the number of surgeries and hospital facilities across the world

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North America to Dominate Depth of Anesthesia Monitoring Devices Market

In terms of region, the global depth of anesthesia monitoring devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global depth of anesthesia monitoring devices market in 2020, followed by Europe. North America's large market share can be ascribed to increase in the number of people with major chronic diseases, new product launches, and presence of major players in the region. The depth of anesthesia monitoring devices market in Asia Pacific is anticipated to expand at a high CAGR from 2021 to 2030. This can be attributed to the presence of developing countries with commercial hubs, expanding business organizations, rise in awareness about depth of monitoring devices, improving healthcare infrastructure, and increase in investments by companies in their technical aspects.

Competition Landscape

The global depth of anesthesia monitoring devices market is fragmented in terms of number of players. Key players operating in the global market include Medtronic plc, GE Healthcare (General Electric Company), Nihon Kohden Corporation, Koninklijke Philips N.V., Spacelabs Healthcare (OSI Systems, Inc.), Masimo and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Market Segmentation

By Technology

    • Bispectral Index
    • Entropy
    • Patient State Index (PSI)
    • Others

By Device Type

    • Modules
    • Bundled Devices
    • Standalone Devices

By End User

    • Hospitals
    • Clinics & Ambulatory Surgical Centers

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Table of Content

  1. Preface

1.1. Report Scope and Market Segmentation

1.2. Research Highlights

  1. Assumptions and Research Methodology

2.1. Assumptions and Acronyms Used

2.2. Research Methodology

  1. Executive Summary
  2. Market Overview

4.1. Introduction

4.2. Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Opportunity

4.3. Global Depth of Anesthesia Monitoring Devices Market Forecast

4.4. Global Depth of Anesthesia Monitoring Devices Market Outlook

  1. Market Outlook

5.1. Cosmetic Plastic Surgery Statistics

5.2. COVID-19 Impact Analysis

  1. Global Depth of Anesthesia Monitoring Devices Market Analysis, by Technology

6.1. Introduction

6.2. Global Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Technology

6.3. Global Depth of Anesthesia Monitoring Devices Market Forecast, by Technology

6.3.1. Bispectral Index

6.3.2. Entropy

6.3.3. Patient State Index (PSI)

6.3.4. Others

6.4. Global Depth of Anesthesia Monitoring Devices Market Analysis, by Technology

  1. Global Depth of Anesthesia Monitoring Devices Market Analysis, by Device Type

7.1. Introduction

7.2. Global Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Device Type

7.3. Global Depth of Anesthesia Monitoring Devices Market Forecast, by Device Type

7.3.1. Modules

7.3.2. Bundled Devices

7.3.3. Standalone Devices

7.4. Global Depth of Anesthesia Monitoring Devices Market Analysis, by Device Type

  1. Global Depth of Anesthesia Monitoring Devices Market Analysis, by End-user

8.1. Introduction

8.2. Global Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by End-user

8.3. Global Depth of Anesthesia Monitoring Devices Market Forecast, by End-user

8.3.1. Hospitals

8.3.2. Clinics & Ambulatory Surgical Centers

8.4. Global Depth of Anesthesia Monitoring Devices Market Analysis, by End-user

  1. Global Depth of Anesthesia Monitoring Devices Market Analysis, by Region

9.1. Global Depth of Anesthesia Monitoring Devices Market Scenario, by Region/Country

9.2. Global Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Region

9.3. Global Depth of Anesthesia Monitoring Devices Market Forecast, by Region

9.3.1. North America

9.3.2. Europe

9.3.3. Asia Pacific

9.3.4. Latin America

9.3.5. Middle East & Africa

  1. North America Depth of Anesthesia Monitoring Devices Market Analysis

10.1. North America Depth of Anesthesia Monitoring Devices Market Overview

10.2. North America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Country

10.3. North America Depth of Anesthesia Monitoring Devices Market Forecast, by Country

10.3.1. U.S.

10.3.2. Canada

10.4. North America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Technology

10.5. North America Depth of Anesthesia Monitoring Devices Market Forecast, by Technology

10.5.1. Bispectral Index

10.5.2. Entropy

10.5.3. Patient State Index (PSI)

10.5.4. Others

10.6. North America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Device Type

10.7. North America Depth of Anesthesia Monitoring Devices Market Forecast, by Device Type

10.7.1. Modules

10.7.2. Bundled Devices

10.7.3. Standalone Devices

10.8. North America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by End-user

10.9. North America Depth of Anesthesia Monitoring Devices Market Forecast, by End-user

10.9.1. Hospitals

10.9.2. Clinics & Ambulatory Surgical Centers

  1. Europe Depth of Anesthesia Monitoring Devices Market Analysis

11.1. Europe Depth of Anesthesia Monitoring Devices Market Overview

11.2. Europe Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Country/Sub-region

11.3. Europe Depth of Anesthesia Monitoring Devices Market Forecast, by Country/Sub-region

11.3.1. Germany

11.3.2. France

11.3.3. U.K.

11.3.4. Italy

11.3.5. Spain

11.3.6. Rest of Europe

11.4. Europe Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Technology

11.5. Europe Depth of Anesthesia Monitoring Devices Market Forecast, by Technology

11.5.1. Bispectral Index

11.5.2. Entropy

11.5.3. Patient State Index (PSI)

11.5.4. Others

11.6. Europe Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Device Type

11.7. Europe Depth of Anesthesia Monitoring Devices Market Forecast, by Device Type

11.7.1. Modules

11.7.2. Bundled Devices

11.7.3. Standalone Devices

11.8. Europe Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by End-user

11.9. Europe Depth of Anesthesia Monitoring Devices Market Forecast, by End-user

11.9.1. Hospitals

11.9.2. Clinics & Ambulatory Surgical Centers

  1. Asia Pacific Depth of Anesthesia Monitoring Devices Market Analysis

12.1. Asia Pacific Depth of Anesthesia Monitoring Devices Market Overview

12.2. Asia Pacific Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Country/Sub-region

12.3. Asia Pacific Depth of Anesthesia Monitoring Devices Market Forecast, by Country/Sub-region

12.3.1. Japan

12.3.2. China

12.3.3. India

12.3.4. Australia & New Zealand

12.3.5. Rest of Asia Pacific

12.4. Asia Pacific Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Technology

12.5. Asia Pacific Depth of Anesthesia Monitoring Devices Market Forecast, by Technology

12.5.1. Bispectral Index

12.5.2. Entropy

12.5.3. Patient State Index (PSI)

12.5.4. Others

12.6. Asia Pacific Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Device Type

12.7. Asia Pacific Depth of Anesthesia Monitoring Devices Market Forecast, by Device Type

12.7.1. Modules

12.7.2. Bundled Devices

12.7.3. Standalone Devices

12.8. Asia Pacific Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by End-user

12.9. Asia Pacific Depth of Anesthesia Monitoring Devices Market Forecast, by End-user

12.9.1. Hospitals

12.9.2. Clinics & Ambulatory Surgical Centers

  1. Latin America Depth of Anesthesia Monitoring Devices Market Analysis

13.1. Latin America Depth of Anesthesia Monitoring Devices Market Overview

13.2. Latin America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Country/Sub-region

13.3. Latin America Depth of Anesthesia Monitoring Devices Market Forecast, by Country/Sub-region

13.3.1. Brazil

13.3.2. Mexico

13.3.3. Rest of Latin America

13.4. Latin America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Technology

13.5. Latin America Depth of Anesthesia Monitoring Devices Market Forecast, by Technology

13.5.1. Bispectral Index

13.5.2. Entropy

13.5.3. Patient State Index (PSI)

13.5.4. Others

13.6. Latin America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Device Type

13.7. Latin America Depth of Anesthesia Monitoring Devices Market Forecast, by Device Type

13.7.1. Modules

13.7.2. Bundled Devices

13.7.3. Standalone Devices

13.8. Latin America Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by End-user

13.9. Latin America Depth of Anesthesia Monitoring Devices Market Forecast, by End-user

13.9.1. Hospitals

13.9.2. Clinics & Ambulatory Surgical Centers

  1. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Analysis

14.1. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Overview

14.2. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Country/Sub-region

14.3. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Forecast, by Country/Sub-region

14.3.1. GCC Countries

14.3.2. South Africa

14.3.3. Rest of Middle East & Africa

14.4. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Technology

14.5. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Forecast, by Technology

14.5.1. Bispectral Index

14.5.2. Entropy

14.5.3. Patient State Index (PSI)

14.5.4. Others

14.6. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by Device Type

14.7. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Forecast, by Device Type

14.7.1. Modules

14.7.2. Bundled Devices

14.7.3. Standalone Devices

14.8. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Value Share and Attractiveness Analysis, by End-user

14.9. Middle East & Africa Depth of Anesthesia Monitoring Devices Market Forecast, by End-user

14.9.1. Hospitals

14.9.2. Clinics & Ambulatory Surgical Centers

  1. Competition Landscape

15.1. Competition Matrix

15.2. Global Depth of Anesthesia Monitoring Devices Market Share, by Company, 2019

15.3. Company Profiles

15.3.1. Medtronic plc

15.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

15.3.1.2. Financial Overview

15.3.1.3. Product Portfolio

15.3.1.4. SWOT Analysis

15.3.1.5. Strategic Overview

15.3.2. GE Healthcare (General Electric Company)

15.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

15.3.2.2. Financial Overview

15.3.2.3. Product Portfolio

15.3.2.4. SWOT Analysis

15.3.2.5. Strategic Overview

15.3.3. Nihon Kohden Corporation

15.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

15.3.3.2. Financial Overview

15.3.3.3. Product Portfolio

15.3.3.4. SWOT Analysis

15.3.3.5. Strategic Overview

15.3.4. Koninklijke Philips N.V.

15.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

15.3.4.2. Product Portfolio

15.3.4.3. SWOT Analysis

15.3.4.4. Strategic Overview

15.3.5. Spacelabs Healthcare (OSI Systems, Inc.)

15.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

15.3.5.2. Financial Overview

15.3.5.3. Product Portfolio

15.3.5.4. SWOT Analysis

15.3.5.5. Strategic Overview

15.3.6. Masimo

15.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

15.3.6.2. Financial Overview

15.3.6.3. Product Portfolio

15.3.6.4. SWOT Analysis

15.3.6.5. Strategic Overview

15.3.7. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

15.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

15.3.7.2. Product Portfolio

15.3.7.3. SWOT Analysis

15.3.7.4. Strategic Overview

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