Anesthesia Information Management System Market
Anesthesia Information Management System Market Forecasts to 2028 - Global Analysis By Component (Equipment Software, Hardware Computer and Workstations Mounting), Application (Intraoperative, Pre-operative and Post-operative) and End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $499.95 BN |
|
Projected Year Value (2028) |
US $775.89 BN |
|
CAGR (2022 - 2028) |
7.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Anesthesia Information Management System Market is accounted for $499.95 billion in 2022 and is expected to reach $775.89 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Anesthesia information management system is an intelligent and knowledge-based system that systematically stores the patient's anesthesia-related information in a digital format. The advent of anesthesia information management systems in the last decade has greatly decreased the need to keep records about anesthesia scheduling. Anesthesia information management systems can analyse historical patient data, which is useful for anesthesiologists for scheduling dosage and subsequent therapy. Anesthesia information management systems have enhanced patient care by collecting vital signs in patients, resulting in fewer emergency situations.
According to the Anesthesia Patient Safety Foundation, an estimated that 75% of US academic anesthesiology departments are using anesthesia information management systems and is expected to rise to 84% by 2020.
Market Dynamics:
Driver:
Surge in awareness
The increased knowledge of the existence of such a crucial system that aids in lowering difficulties caused by anesthesia is projected to help the market acquire maximum share in the approaching years. The deployment of Anesthesia Information Management Systems has increased by around or even more than 400% since. Furthermore, it was discovered that the vast majority of academic institutions have either accepted an AIMS or have signed commitments to do so. According to estimates, more than 20% of private practises have also incorporated these methods.
Restraint:
Lack of healthcare facilities in under-developed areas
The lack of healthcare services and resources in backward and underdeveloped rural areas poses a danger to the market. Inadequate health awareness, low per capita income, and poor surgical facility quality are all predicted to be hurdles for the anesthesia information management systems market.
Opportunity:
Increasing awareness about Internet of Things (IoT)
The growing awareness of the Internet of Things among healthcare personnel and patients, as well as smart devices such as smartphones and laptop computers, is expected to promote interoperability across the healthcare system. Growing harmony between humans and smart technology is expected to shorten the time necessary for comprehension, providing profitable chances to the anesthesia information management systems industry.
Threat:
High cost
Some of the market's obstacles include the high expenses connected with AIMS, a lack of sufficient technology resources, and opposition to any form of change owing to uncertainties. Furthermore, the major healthcare corporations' rising research and development operations to create and implement minimally invasive surgical equipment are projected to reduce the requirement for anesthesia.
Covid-19 Impact
The COVID-19 pandemic has cast a shadow on hospital practises: better equipment, telemedicine in pre-anesthesia assessment and pain clinics, and digitization in operating rooms, among other things, have become the new normal. The role of anesthesiology organizations and societies has also expanded: developing protocols, hosting instructive webinars, testing newer equipment, and disseminating information via various social media platforms and periodicals. As a result, the market is predicted to benefit from the COVID-19 situation, as the operating rooms have seen a rise in the full-scale return of elective to semi-elective surgeries.
The equipment software segment is expected to be the largest during the forecast period
The equipment software segment is estimated to have a lucrative growth. The majority of hospitals and related end-users have adopted contemporary healthcare infrastructure, resulting in a significant growth in market volume for software with hardware and related components. By installing such software together with the entire configuration, the customer would have a cost-effective option for decreasing the large spending on capital equipment and associated upkeep. Furthermore, an AIMS increases patient safety by generating evidence-based suggestions to reduce risks during surgery and automatically uploading data from physiological monitoring and anesthesia equipment to an electronic anaesthetic chart.
The hospitals and clinics segment is expected to have the highest CAGR during the forecast period
The hospitals and clinics segment is anticipated to witness the highest CAGR growth during the forecast period. The implementation of Anesthesia Information Management Systems in hospitals and clinics can assist improve the quality and safety of patient care. The systems generate a complete, legible, and accurate anesthesia record. This helps to guarantee that the correct medications are provided to the patients while also reducing medication errors. Furthermore, by providing a single source for all anaesthetic information, these systems serve to improve clinician communication. This enables for better coordination of treatment for patients.
Region with highest share:
North America is projected to hold the largest market share during the forecast period because of the increased demand for enhanced patient care database systems and the prevalence of chronic diseases, the number of surgical procedures is increasing. Furthermore, increased emphasis on the use of data analytics and decision making systems in the healthcare sector, limitations on traditional anesthesia dosage tracking systems, improved nurse education, and improved healthcare facilities are some of the factors driving the growth of anesthesia information management systems in North America.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing of the increased requirement for real-time intraoperative medical systems, access to patients' previous records, the rise in need for precise recording systems, and the growing need for greater quality as population health management issues emerge. The Indian government announced the National Digital Health Mission, a comprehensive digital health ecosystem, in August 2020. Such programmes can contribute in the expansion of the region's market.
Key players in the market
Some of the key players profiled in the Anesthesia Information Management System Market include Allscripts Healthcare, LLC, Koninklijke Philips N.V., Provation, Fukuda Denshi UK, Drägerwerk AG & Co. KGaA, iMDsoft, Surgical Information Systems, Oracle (Cerner), Plexus Technology Group, LLC., Talis Clinical, LLC, GE Healthcare, Merge Healthcare and Flexicare Medical Limited.
Key Developments:
In October 2020, Surgical Information Systems announced that Accel-KKR had purchased the bulk of its stock. This investment by Accel-KKR deepens SIS' commitment to its clients and the industry as a whole due to the unprecedented demand for outpatient operations and the ongoing transfer of increasingly complex procedures to ASCs. Because of this, the business is dedicated to providing its clients with software, like AIMS, that will eventually enable clinical, process flow, and case management.
In January 2019, Plexus Technology Group, LLC. presented its ground-breaking anesthesia EMR at the conference, thus increasing the individuals\' awareness regarding the system and, hence, propel the market in the estimated year. This introduction was facilitated by the American Society of Anesthesiologists (ASA). The product was proposed the name PRACTICE MANAGEMENT and is designed to have a better notification system than earlier.
Components Covered:
• Equipment Software
• Hardware Computer
• Workstations Mounting
Applications Covered:
• Intraoperative
• Pre-operative
• Post-operative
End Users Covered:
• Ambulatory Surgical Centers
• Hospitals and Clinics
• Pain management Clinics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Anesthesia Information Management System Market, By Component
5.1 Introduction
5.2 Equipment Software
5.3 Hardware Computer
5.4 Workstations Mounting
6 Global Anesthesia Information Management System Market, By Application
6.1 Introduction
6.2 Intraoperative
6.3 Pre-operative
6.4 Post-operative
7 Global Anesthesia Information Management System Market, By End User
7.1 Introduction
7.2 Ambulatory Surgical Centers
7.3 Hospitals and Clinics
7.4 Pain management Clinics
7.5 Other End Users
8 Global Anesthesia Information Management System Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Allscripts Healthcare, LLC
10.2 Koninklijke Philips N.V.
10.3 Provation
10.4 Fukuda Denshi UK
10.5 Drägerwerk AG & Co. KGaA
10.6 iMDsoft
10.7 Surgical Information Systems
10.8 Oracle (Cerner)
10.9 Plexus Technology Group, LLC.
10.10 Talis Clinical, LLC
10.11 GE Healthcare
10.12 Merge Healthcare
10.13 Flexicare Medical Limited
List of Tables
1 Global Anesthesia Information Management System Market Outlook, By Region (2020-2028) ($MN)
2 Global Anesthesia Information Management System Market Outlook, By Component (2020-2028) ($MN)
3 Global Anesthesia Information Management System Market Outlook, By Equipment Software (2020-2028) ($MN)
4 Global Anesthesia Information Management System Market Outlook, By Hardware Computer (2020-2028) ($MN)
5 Global Anesthesia Information Management System Market Outlook, By Workstations Mounting (2020-2028) ($MN)
6 Global Anesthesia Information Management System Market Outlook, By Application (2020-2028) ($MN)
7 Global Anesthesia Information Management System Market Outlook, By Intraoperative (2020-2028) ($MN)
8 Global Anesthesia Information Management System Market Outlook, By Pre-operative (2020-2028) ($MN)
9 Global Anesthesia Information Management System Market Outlook, By Post-operative (2020-2028) ($MN)
10 Global Anesthesia Information Management System Market Outlook, By End User (2020-2028) ($MN)
11 Global Anesthesia Information Management System Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
12 Global Anesthesia Information Management System Market Outlook, By Hospitals and Clinics (2020-2028) ($MN)
13 Global Anesthesia Information Management System Market Outlook, By Pain management Clinics (2020-2028) ($MN)
14 Global Anesthesia Information Management System Market Outlook, By Other End Users (2020-2028) ($MN)
15 North America Anesthesia Information Management System Market Outlook, By Country (2020-2028) ($MN)
16 North America Anesthesia Information Management System Market Outlook, By Component (2020-2028) ($MN)
17 North America Anesthesia Information Management System Market Outlook, By Equipment Software (2020-2028) ($MN)
18 North America Anesthesia Information Management System Market Outlook, By Hardware Computer (2020-2028) ($MN)
19 North America Anesthesia Information Management System Market Outlook, By Workstations Mounting (2020-2028) ($MN)
20 North America Anesthesia Information Management System Market Outlook, By Application (2020-2028) ($MN)
21 North America Anesthesia Information Management System Market Outlook, By Intraoperative (2020-2028) ($MN)
22 North America Anesthesia Information Management System Market Outlook, By Pre-operative (2020-2028) ($MN)
23 North America Anesthesia Information Management System Market Outlook, By Post-operative (2020-2028) ($MN)
24 North America Anesthesia Information Management System Market Outlook, By End User (2020-2028) ($MN)
25 North America Anesthesia Information Management System Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
26 North America Anesthesia Information Management System Market Outlook, By Hospitals and Clinics (2020-2028) ($MN)
27 North America Anesthesia Information Management System Market Outlook, By Pain management Clinics (2020-2028) ($MN)
28 North America Anesthesia Information Management System Market Outlook, By Other End Users (2020-2028) ($MN)
29 Europe Anesthesia Information Management System Market Outlook, By Country (2020-2028) ($MN)
30 Europe Anesthesia Information Management System Market Outlook, By Component (2020-2028) ($MN)
31 Europe Anesthesia Information Management System Market Outlook, By Equipment Software (2020-2028) ($MN)
32 Europe Anesthesia Information Management System Market Outlook, By Hardware Computer (2020-2028) ($MN)
33 Europe Anesthesia Information Management System Market Outlook, By Workstations Mounting (2020-2028) ($MN)
34 Europe Anesthesia Information Management System Market Outlook, By Application (2020-2028) ($MN)
35 Europe Anesthesia Information Management System Market Outlook, By Intraoperative (2020-2028) ($MN)
36 Europe Anesthesia Information Management System Market Outlook, By Pre-operative (2020-2028) ($MN)
37 Europe Anesthesia Information Management System Market Outlook, By Post-operative (2020-2028) ($MN)
38 Europe Anesthesia Information Management System Market Outlook, By End User (2020-2028) ($MN)
39 Europe Anesthesia Information Management System Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
40 Europe Anesthesia Information Management System Market Outlook, By Hospitals and Clinics (2020-2028) ($MN)
41 Europe Anesthesia Information Management System Market Outlook, By Pain management Clinics (2020-2028) ($MN)
42 Europe Anesthesia Information Management System Market Outlook, By Other End Users (2020-2028) ($MN)
43 Asia Pacific Anesthesia Information Management System Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Anesthesia Information Management System Market Outlook, By Component (2020-2028) ($MN)
45 Asia Pacific Anesthesia Information Management System Market Outlook, By Equipment Software (2020-2028) ($MN)
46 Asia Pacific Anesthesia Information Management System Market Outlook, By Hardware Computer (2020-2028) ($MN)
47 Asia Pacific Anesthesia Information Management System Market Outlook, By Workstations Mounting (2020-2028) ($MN)
48 Asia Pacific Anesthesia Information Management System Market Outlook, By Application (2020-2028) ($MN)
49 Asia Pacific Anesthesia Information Management System Market Outlook, By Intraoperative (2020-2028) ($MN)
50 Asia Pacific Anesthesia Information Management System Market Outlook, By Pre-operative (2020-2028) ($MN)
51 Asia Pacific Anesthesia Information Management System Market Outlook, By Post-operative (2020-2028) ($MN)
52 Asia Pacific Anesthesia Information Management System Market Outlook, By End User (2020-2028) ($MN)
53 Asia Pacific Anesthesia Information Management System Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
54 Asia Pacific Anesthesia Information Management System Market Outlook, By Hospitals and Clinics (2020-2028) ($MN)
55 Asia Pacific Anesthesia Information Management System Market Outlook, By Pain management Clinics (2020-2028) ($MN)
56 Asia Pacific Anesthesia Information Management System Market Outlook, By Other End Users (2020-2028) ($MN)
57 South America Anesthesia Information Management System Market Outlook, By Country (2020-2028) ($MN)
58 South America Anesthesia Information Management System Market Outlook, By Component (2020-2028) ($MN)
59 South America Anesthesia Information Management System Market Outlook, By Equipment Software (2020-2028) ($MN)
60 South America Anesthesia Information Management System Market Outlook, By Hardware Computer (2020-2028) ($MN)
61 South America Anesthesia Information Management System Market Outlook, By Workstations Mounting (2020-2028) ($MN)
62 South America Anesthesia Information Management System Market Outlook, By Application (2020-2028) ($MN)
63 South America Anesthesia Information Management System Market Outlook, By Intraoperative (2020-2028) ($MN)
64 South America Anesthesia Information Management System Market Outlook, By Pre-operative (2020-2028) ($MN)
65 South America Anesthesia Information Management System Market Outlook, By Post-operative (2020-2028) ($MN)
66 South America Anesthesia Information Management System Market Outlook, By End User (2020-2028) ($MN)
67 South America Anesthesia Information Management System Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
68 South America Anesthesia Information Management System Market Outlook, By Hospitals and Clinics (2020-2028) ($MN)
69 South America Anesthesia Information Management System Market Outlook, By Pain management Clinics (2020-2028) ($MN)
70 South America Anesthesia Information Management System Market Outlook, By Other End Users (2020-2028) ($MN)
71 Middle East & Africa Anesthesia Information Management System Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Anesthesia Information Management System Market Outlook, By Component (2020-2028) ($MN)
73 Middle East & Africa Anesthesia Information Management System Market Outlook, By Equipment Software (2020-2028) ($MN)
74 Middle East & Africa Anesthesia Information Management System Market Outlook, By Hardware Computer (2020-2028) ($MN)
75 Middle East & Africa Anesthesia Information Management System Market Outlook, By Workstations Mounting (2020-2028) ($MN)
76 Middle East & Africa Anesthesia Information Management System Market Outlook, By Application (2020-2028) ($MN)
77 Middle East & Africa Anesthesia Information Management System Market Outlook, By Intraoperative (2020-2028) ($MN)
78 Middle East & Africa Anesthesia Information Management System Market Outlook, By Pre-operative (2020-2028) ($MN)
79 Middle East & Africa Anesthesia Information Management System Market Outlook, By Post-operative (2020-2028) ($MN)
80 Middle East & Africa Anesthesia Information Management System Market Outlook, By End User (2020-2028) ($MN)
81 Middle East & Africa Anesthesia Information Management System Market Outlook, By Ambulatory Surgical Centers (2020-2028) ($MN)
82 Middle East & Africa Anesthesia Information Management System Market Outlook, By Hospitals and Clinics (2020-2028) ($MN)
83 Middle East & Africa Anesthesia Information Management System Market Outlook, By Pain management Clinics (2020-2028) ($MN)
84 Middle East & Africa Anesthesia Information Management System Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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