Market Trends of India Anesthesia Devices Industry
This section covers the major market trends shaping the India Anesthesia Devices Market according to our research experts:
Anesthesia Monitor Segment is Expected to Hold Major Share in the Market
Anesthesia monitors keep track of and show the patient's exposure to anesthetic agents such as gases, medications, and fluids. These are used during surgeries to monitor the health of the patients and their response to the anesthetic indication. The integration of numerous features, including oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, together with decision support systems and data analysis to help physicians acquire better patient insights, is promoting market expansion.
Anesthesia monitors are expensive capital equipment and generate the highest revenue per unit volume when compared to other anesthesia devices, which is the primary reason for its largest market share. With the rise in the number of surgeries, their demand is also expected to grow steadily over the forecast period.
According to the study titled "India Joining the World of Hip and Knee Registries: Present Status-A Leap Forward" published in the Indian Journal of Orthopedics in May 2021, the number of knee arthroplasty surgeries performed in India in 2020 was 20,000, while the country's hip arthroplasty rate is expected to grow at the highest pace in the world from the years 2020 to 2026. As a result, the need for anesthesia monitors is anticipated to increase over the forecast period due to the increasing number of procedures that required anesthesia.
