Global Anesthesia Information Management Systems Market Size: By Component: Hardware, Software; By End User: Hospitals, Pain Management Clinics, Clinics, Ambulatory Surgery Centres; By Application; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Anesthesia Information Management Systems Market Outlook

The global anesthesia information management systems market size reached a value of USD 200.78 million in 2023. The market is expected to grow at a CAGR of 8.20% between 2024 and 2032, to reach a value of USD 408.09 million 2032.

Increasing Applications, General Surgeries, and Healthcare Expenditure are Key Trends in the Global Anesthesia Information Management Systems Market

An anesthesia information management system refers to a system which tracks clinical data of a patient during an operation to increase the efficiency of medical administration. An electronic system records anesthesia-related information in digital format, facilitating efficient and reliable storage and collection of patient information for better medical care.

• There are increasing applications of anesthesia information management systems in hospitals, ambulatory surgical centres, and clinics, among others. This is done for better quality assurance, outcome assessment, optimisation of resources, and efficient organisation of patient records. The rising applications are likely to be a crucial trend in the global anesthesia information management systems market.

• The increasing cases of general surgeries, owing to the rising prevalence of injuries and chronic diseases, is another key trend propelling the demand for anesthesia information management systems.

• The rising hospital expenditure is further leading to a higher adoption of anesthesia information management hardware to gather data such as hemodynamics, and capnography, among others. In addition, the increasing efforts by the healthcare authorities to boost patient outcomes and to increasing the organisation of medical records are anticipated to provide impetus to the market in the forecast period.

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Opportunities in the Market

High Cost of Inhaled Anaesthetic Agents

The high cost of inhaled anesthetic agents is leading to increased investments in research and development activities aimed towards cost-effective anesthetic agents with low carbon emission properties. This is anticipated to expand the opportunities in the anesthesia information management systems market.

Growing Geriatric Population

The growing geriatric population leading to heightened cases of musculoskeletal injuries and abdominal and intestinal disorders are bolstering the cases of surgeries and hospitalisation rates. These are likely to increase the demand opportunities for anesthesia information management systems.

Increasing Awareness About Internet of Things (IoT)

The increasing awareness among the healthcare staff and patients about Internet of Things, as well as smart devices such as smartphones and laptops, are likely to increase interoperability within the healthcare system. Growing harmony between humans and smart devices are anticipated to reduce the time required for understanding, thereby, offering lucrative opportunities to the anesthesia information management systems market.

Lack of Healthcare Facilities in Under-Developed Areas and High Cost of AIMS to Pose as Market Challenges

Rapid Development of Minimally Invasive Surgical Procedures

The growing research and development activities by the major healthcare companies to develop and deploy minimally invasive surgical equipment are likely to reduce the need for anesthesia.

Lack of Healthcare Facilities in Under-Developed Areas

The lack of healthcare facilities and resources across backward and underdeveloped rural areas is a threat to the market. Insufficient awareness about health, low per capita income, and inferior quality of surgical centres are also anticipated to be challenges for the anesthesia information management systems market.

Higher Costs, Lack of Resources, and Resistance to Change

The high costs associated with AIMS, lack of proper technological resources, and resistance towards any kind of change due to insecurities are some of the challenges in the market.

Market Analysis

Based on component, the anesthesia information management systems market can be segmented into hardware and software. By end user, the market can be segmented into hospitals, pain management clinics, clinics, and ambulatory surgery centres. On the basis of application, the market can be bifurcated into preoperative mode and intraoperative mode. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global anesthesia information management systems market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Koninklijke Philips N.V.

• General Electric Company

• Drägerwerk AG & Co. KGaA

• Cerner Corporation

• Surgical Information Systems

• iMDsoft Ltd.

• Others

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Market Share by Component

The software segment accounts for a significant share in the global anesthesia information management systems market. Anesthesia information management system software streamlines the documentation process during high levels of activity in operation theatres, which is driving the segment’s growth. In addition to this, it provides information at the fingertips which eradicates the time-consuming data hunting process.

Over the forecast period, the increasing adoption of cloud-computing software in healthcare units, owing to the significant advantages offered by it, such as reduced IT costs, better scalability, access to automatic updates, and redundance of paperwork, among others, is likely to provide impetus to this segment in the coming years

Furthermore, the increasing cooperation between major software developing companies and healthcare institutes across the world is likely to boost the anesthesia information management systems market growth in the coming years.

Market Share by End User

The hospitals segment accounts for a significant share in the market owing to the rapid changes taking place, leading to a greater adoption of technology in the anesthesiology department. The growing trend of electronic medical records across hospital chains is enhancing legibility, improving the accuracy of data capturing, augmenting real-time decision support, and streamlining workflows. This trend is likely to increase the reliability of anesthesia information management systems in the forecast period.

In addition to this, the increasing efforts by hospital staff and anesthesiologists to bolster the patient safety and augment the financial performance are anticipated to provide impetus to the market in the coming years. Furthermore, the global anesthesia information management systems market is likely to be positively influenced by the rising healthcare expenditure across the emerging economies, while increasing standards of existing hospitals across well-developed countries.

Market Share by Application

The preoperative mode is anticipated to be a fast-growing segment in the market. Anesthesia information management systems in preoperative mode safely administer anesthesia as well as record the medical history of patients. It also provides information about the past medical complications of a patient which helps the doctors and staff be aware about the patient situation. In this regard, the high health complication rate among geriatrics are likely to increase the adoption of AIMS in preoperative modes. 

Furthermore, anesthesia information management systems reduce the chances of error significantly, which is a major reason for a heightened adoption of this system across healthcare units. 

Market Share by Region 

North America accounts for a significant share in the global anesthesia information management systems market. In this region, the market is being driven by the increasing prevalence of chronic conditions such as extreme obesity, tuberculosis, and cancer, among others, which is propelling the demand for anesthesia information management systems to enhance safety of the patients. 

In addition, the favourable policies of governments in the United States and Canada, aimed towards encouraging automation across healthcare units, are likely to bolster the opportunities for the market in the forecast period. 

The advanced healthcare systems, rising geriatric population, and reimbursement policies by the governments in the North America region are some of the other driving factors of the market. Furthermore, the anesthesia information management systems market is anticipated to be aided by the strong foothold of major market players and growing FDA approvals of product innovations in the region. 

Meanwhile, the Asia Pacific region is anticipated to register a steady growth in the forecast period in terms of market share. The increasing geriatric population across the emerging economies such as India and China, rapid urbanisation, and increasing healthcare expenditure, are some of the major driving factors of the market in the region. 

In addition, the increasing efforts by major market players to increase the interoperability of medical systems are further augmenting the demand for these systems across healthcare units. Furthermore, favourable policies of governments in the Asia Pacific aimed towards improving healthcare standards are further enhancing the anesthesia information management systems market growth.

The market in Europe is anticipated to register a positive growth in the coming years owing to the rapid investments in the development of medical device integration platforms. Moreover, the high growth opportunities in countries like Germany, France, and the United Kingdom, among others, are anticipated to aid the market growth in the coming years.  

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Competitive Landscape of Anesthesia Information Management Systems Market

Koninklijke Philips N.V. is a conglomerate company headquartered in Amsterdam, Netherlands. It is one of the largest medtech companies around the world. Products innovated by Phillips are used in various applications such as home care, diagnostics, surgical treatment, and disease prevention, among others. The workforce of the company stretches to almost 80,000 across 100 countries.  

General Electric Company is a multinational company based in the United States that is a pioneer in a number of innovative technologies. The innovative and technologically advanced solutions manufactured by GE are widely applied across industries such as transportation, healthcare, and energy and utility, among others. The most notable efforts of the company have been witnessed across the healthcare and renewable energy sectors. 

Cerner Corporation is one the leading suppliers of IT services. The company is headquartered in the United States and was acquired by Oracle Corporation. The company is known to deliver high-end technological solutions to the healthcare industry.

Other players in the market include Drägerwerk AG & Co. KGaA, Surgical Information Systems, and iMDsoft Ltd., among others.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.