Anesthesia Information Management Systems Market Will Grow 5.25% Annually

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Table of Content

The anesthesia information management systems market growth is driven by significant factors like the rise in chronic illness or injury cases and the improved knowledge of the harmful effects of high dosages.

The global anesthesia information management systems market has a current business value of USD 503.71 billion in 2022 and it is expected to grow 5.25% annually to around USD 839.86 billion by 2032.

Market Overview:

Anesthesia Information Management Systems (AIMS) are specialized electronic health record networks that make it possible for hospital clinical data repositories to interface with the anesthesia record, enhancing care quality, patient safety, operations management, reimbursement, and translational research. Increased surgical procedures performed abroad, rising hospital admission rates, and the rapid adoption of healthcare information technology (HCIT) solutions all point to market growth.  

The market for anesthesia information management systems (AIMS) is expected to grow as a result of the increasing significance of anesthetic dosage and intensive data management.  This trend will soon lead to a significant expansion of the market for anesthesia information management systems. Information technology is having a rapid global impact on clinical practices. Medical professionals use and interact with electronic medical data daily. Collaborations between top cloud-based anesthesia information management system rivals are also likely to aid in the expansion of the sector.

Hospitals, clinics, and ambulatory surgery centers are among the settings where anesthesia information management systems are increasingly being implemented. Patient record-keeping, quality assurance, outcome evaluation, and resource optimization are all improved as a result. The market for anesthesia information management systems will see an increase in applications.

Report Highlight:

• By Solution, throughout the projected period, the software is expected to grow both alone and in combination with hardware and related components at a highest CAGR. Most hospitals and their associated end users today use modern healthcare infrastructure, which has considerably raised the demand for related software, hardware, and components. By implementing such software together with the full configuration, the customer would have a cost-effective way to save significant capital equipment expenses and related upkeep.
• By End-Use, Hospitals are expected to hold the largest market share in 2022, and keep that position throughout the projection period because they manage the majority of essential treatments for fatal or persistent illnesses. The healthcare industry's largest revenue generator and contributor is the hospital industry. On a national and international level, especially in regions like Europe, they support research and technology. Few businesses spend money on sales, marketing, and advertising to reach hospitals.
• Hospitals are an essential component of healthcare and the primary source of revenue for the sector, enabling technological advancement and growth not just in the United States but even more generally in areas like Europe. As a result, few companies make investments in tactics like marketing, sales, and advertising to market their products to hospitals.

Anesthesia Information Management Systems Market Report Scope:

Regional Insight:

In 2022, North America held a highest market share due to the growing demand for knowledge-based medical equipment, an improved understanding of the efficacy of anesthesia information management systems, a focus on the anesthetic dose, and strict data management. The region is expanding as a result of an increase in the prevalence of surgically treatable chronic diseases and a rise in the demand for better patient database systems.  

The use of anesthesia information management systems is expanding in North America for several reasons, including a focus on data analytics and decision-making systems in the healthcare industry, limitations on traditional anesthesia dosage tracking systems, improved nurse education, and better healthcare facilities. In March 2022, Surgical Information Systems, for example, moved the location of its corporate headquarters to the Avalon district. The brand-new workplace is meant to be a cutting-edge meeting and collaboration area that supports flexible work schedules.

On the other hand, the market in Asia-Pacific is predicted to grow the fastest. The market is expanding as a result of both a quickly expanding healthcare infrastructure and an increase in the number of patients with chronic illnesses that call for surgical procedures.  In addition to a growing number of patients with chronic illnesses that require surgical treatments, the market is supported by a healthcare infrastructure that is rapidly expanding.

Market Dynamics:

Drivers:

Plexus technology group's new EMR for anesthesia

At the ASA Conference, Plexus Technology Group, LLC (Plexus TG), a top provider of anesthesia information management systems (AIMS), launched Anesthesia TouchTM, its anesthesia EMR solution. The new system is anticipated to aid in the expansion of anesthesia information management systems globally due to the preference for choosing codes at the time of care. The market's expansion is also anticipated to be aided by alliances among the leading cloud-based anesthesia information management system rivals.

Restraints:

Poor countries lack appropriate healthcare facilities.

The market is endangered by the dearth of resources and healthcare services in rural areas that are underdeveloped and backward. Additional challenges for the market for anesthesia information management systems are anticipated to include low health awareness, low per capita income, and inadequate surgical facilities.  

Opportunities:

The number of senior citizens is rising

Geriatric patients, who have a higher risk of serious morbidity and mortality, can now receive anesthesia more securely thanks to advancements in primary and perioperative care.  Age is linked to several pathologic conditions that worsen morbidity and mortality and raise the perioperative risks associated with anesthesia.

Challenges:

Effects of alarm systems those were not intended

Implications that alarm systems do not expect. For instance, the research found that CDS (clinical decision supports) reminders increased the use of anti-nausea medications. Possible regulatory concerns must be taken into account, including the chance of breaking FDA regulations on the use of CDS software or mobile devices. They discuss the technical difficulties involved in setting up and keeping alert systems.

Epstein and colleagues stressed that the implementation of alert systems should wait until their utility is established. For example, they thought of delivering near-real-time alerts about reductions in blood oxygenation levels but discovered that the majority of such events were resolved before the notice could be issued within minutes.  Even if a benefit seems obvious, it should be presumed that there is no utility until testing demonstrates otherwise.

Recent Development:

• April 2022, Anesthesia Go, a ground-breaking program that generates daily case assignments for anesthesia professionals automatically, was purchased by Perfect Service.   With this acquisition, the company will be better able to uphold its position as the industry leader in cutting-edge scheduling technology.
• January 2019, The American Society of Anesthesiologists PRACTICE MANAGEMENT 2019 event featured a new anesthesia EMR from Plexus Technology Group, LLC (ASA).

Major Key Players:

• Drägerwerk AG & Co. KGaA
• GE Healthcare
• Koninklijke Philips N.V.
• Surgical Information Systems
• Talis Clinical, LLC
• Plexus Technology Group, LLC.
• Provation
• Oracle (Cerner)
• Allscripts Healthcare, LLC
• Fukuda Denshi UK
• iMDsoft

Market Segmentation:

By Solution Type

• Software Only
• Software with Hardware and Related Components

By End User

• Hospitals
• Ambulatory Surgical Centers

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