PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2007/11/07 - New analysis from Frost & Sullivan, North American Capnography and Anesthesia Agent Monitoring Equipment Markets, finds that North American anesthesia agent monitoring equipment market to reach $297.8 million in 2013.
The hospital segment accounted for the largest portion of the revenue in the mature capnography and anesthesia agent monitoring equipment market due to regulations issued by the American Society of Anesthesiologists (ASA) and the increasing need for monitoring equipment. These regulations necessitate continuous evaluation of the patient’s oxygenation, ventilation, circulation, and temperature, driving demand for capnography monitoring equipments. However, the absence of them in the anesthesia agent monitoring equipment market guidelines represents a restrain for its demand.
New analysis from Frost & Sullivan (patientmonitoring.frost.com), North American Capnography and Anesthesia Agent Monitoring Equipment Markets, finds that North American anesthesia agent monitoring equipment market earned revenues of $228.3 million in 2006 and estimates this to reach $297.8 million in 2013. In the case of the North American Capnography Monitoring Equipment market, revenues for 2006 were at $71.2 million and estimates to reach $108.4 million in 2013.
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Both capnography and anesthesia monitoring markets are witnessing higher adoption in new segments within and outside hospitals due to the increasing need for monitoring equipment. Although primarily developed for operating rooms (ORs), other hospital segments such as emergency rooms, critical care units, post-anesthesia care units, recovery rooms, intensive care units, and labor and delivery rooms are beginning to use these devices as well.
Despite the growth, budget limitations are increasingly driving hospitals and alternate care facilities to limit new device procurement and base purchase decisions on price. This situation is creating an opportunity for used equipment and low-cost manufacturers, eating into the profitability for new units. Moreover, lack of awareness of the mandates to use capnography is an issue that continues to slow adoption.
"In order to facilitate the purchase of their products, companies need to offer flexible equipment financing and maintenance options," notes Frost & Sullivan Consulting Analyst Diego Levitin. "Flexible monitoring solutions are likely to be considered a wise and necessary investment."
Offering reusable accessories with the possible leasing of equipment or pay per use are some of the options that manufacturers can consider. Other value-added services could include improved warranties and servicing plans.
It is necessary to educate end users about the mandate as well as the benefits of this technology to further its acceptance.
North American Capnography and Anesthesia Agent Monitoring Equipment Markets is part of the Healthcare & Life Sciences IT Growth Partnership Service program, which also includes research in the following markets: North American ECG and cardiac monitoring products, North American cardiac monitoring and diagnostic services, U.S. disease management market for remote patient monitoring services, U.S. pulse oximetry monitoring equipment, and telemedicine in the North American rural healthcare environment. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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