Anesthesia Information Management Systems Market Size, Share & Trends Analysis Report By Solution Type (Software Only, Software With Hardware And Related Components), End-use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global anesthesia information management systems market was estimated at USD 464.64 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. The market is anticipated to witness growth as a result of rising hospital admission rates, an increase in surgical operations around the globe, and the quick uptake of healthcare information technology (HCIT) solutions. It is anticipated that the market for anesthesia information management systems (AIMS) would rise due to the rising importance of anesthetic dose and thorough data management. According to the Anesthesia Patient Safety Foundation, 84% of academic anesthesiology departments in the U.S. planned to use anesthesia information management systems in 2020, up from an estimated 75% in 2014.

In the near future, this tendency will significantly expand the market for anesthesia information management systems. Information technology is quickly changing clinical practices across the world. Healthcare providers interact with and rely on electronic medical information on a daily basis. Additionally, it is anticipated that partnerships between major competitors for cloud-based anesthesia information management systems would aid in the market's expansion. For instance, in September 2016, to provide a smooth billing connection, AnesthesiaOS worked with Medac Inc.

The COVID-19 pandemic has placed its shadow on healthcare practices: newer equipment, induction of telemedicine in pre-anesthesia assessment and pain clinics, and digitization in operating rooms among others are the new normal. The role of anesthesiology organizations and societies has also broadened: formulating protocols, conducting informative webinars, testing newer equipment, and broadcasting information using numerous social media platforms and journals. Besides, the pandemic caused significant wait times for patients standing by for surgery. 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.

Hospitals are facing pressure to work in an economically viable setup and to become more effective. In addition, operating rooms are the primary reason for almost 40% of the total hospital revenue and 70% of hospital administration. Owing to this, the market players are involved in product launches to improve operating room efficiency. For instance, Pics provides the perioperative suite which includes the anesthesia manager and operating room manager to offer clinical information solutions to automate the perioperative process.

The increasing need for patient-specific clinical information and anesthesia records in hospitals and ambulatory surgical centers is expected to drive the growth of the market. For instance, with the paper record, anesthesia providers might spend more than 20 minutes or more working through historical information and struggling to read poor handwriting to determine if bad outcomes occurred, in the past.

Medical information systems for operating rooms are the wave of the future. For instance, Plexus TG's anesthesia touch automates the collection of real-time anesthesia data throughout the perioperative period, enabling anesthesia professionals to provide safe, effective care to patients and ultimately widening the market opportunities for other competitors to come up with better solutions. As a result, various strategic initiatives and the launch of innovative solutions are expected to be carried out during the forecast period.

The cost remains the major obstacle to the implementation of these solutions at any healthcare facility. For instance, in 2016, the total setup cost for the AIMS Software with hardware and supporting components (IT support, Training Costs (Per Provider)) per operation room was 104,122 USD. As a result, in the near term, the cost of installing the entire setup works as a barrier. However, growing competition and increasing acceptance of this system are anticipated to overcome this barrier during the forecast period.

Solution Type Insights

During the forecast period, it is anticipated that both software only and software with hardware and related components [IT support, Training Costs (Per Provider)] would increase at a CAGR of 5.6%. Due to the majority of hospitals and related end-users adopting advanced healthcare infrastructure, software with hardware and related components is also experiencing a relatively higher market volume. Installing such software along with the complete setup would give the user a cost-effective option of saving the high spending on capital equipment and related maintenance 

An AIMS also increases patient safety by automatically transferring data from physiological monitoring and anesthesia equipment to an electronic anesthetic chart and by making evidence-based suggestions to reduce risks during surgery. These are a few of the perks that are anticipated to catch the attention of medical professionals and hospitals as these cutting-edge technologies would ultimately lead to reduced dose mistakes, thus contributing to market expansion during the forecast period.

The companies are establishing their market presence by implementing tactics such as partnerships with regional players to expand their reach and offer better solutions at a more affordable cost, which will eventually result in a rise in overall market growth throughout the forecast period. For instance, in February 2022, Provation appointed Gulf Medical Company, Ltd., as an exclusive collaborator in Saudi Arabia to sell and distribute its clinical productivity solution.

End-Use Insights

The next-generation technology AIMS software and its associated setup helps physicians make better decisions and manage hospital OR rooms and ASC settings altogether, which leads to faster adoption.

As the majority of hospitals handle significant fatal or chronic disease-related treatments, the need for advanced OR settings-which, in some cases, also necessitates specialized AIMS installations-leads to the hospital sector holding the biggest market share in 2021, at over 80%, and is anticipated to hold that position throughout the forecast period.

The hospitals are an essential component of healthcare and serve as the main source of sales for the whole sector, which supports technology and development not just in nations like the U.S. but also generally in areas like Europe. Due to this, a few companies spend on techniques like sales & advertising, and marketing to sell their products at the majority of hospitals. In February 2022, Plexus Technology Group, LLC proclaimed that its Anesthesia Touch has grabbed a critical breakthrough by being deployed into over 1,000 hospital systems countrywide.

During the forecast period, the ASC segment is anticipated to develop more quickly than other market segments. The growth in costs, which also adds to the fact that a specific set of people can afford the essential treatment, including surgical procedures, is a major problem confronting the healthcare sector. Additionally, ASCs provide the patient defensive measures and are preferable settings for elective surgery. As a result, healthcare providers have been obliged to switch to more advanced settings, one of which includes AIMS as a component to find new ways to make such healthcare more affordable without compromising quality. Consequently, since ASCs have shown to be a good solution in this scenario, add to the category with quicker growth.

Regional Insights

Due to improved awareness of anesthesia information management systems' effectiveness, increased emphasis on anesthetic dosage, and complete data management, along with growing demand for knowledge-based medical equipment, North America held the largest sales share of almost 64%in 2021.

The growing number of initiatives to promote healthcare IT and the existence of healthcare programs are just a few of the major reasons the region is anticipated to witness expansion. Additionally, it is anticipated that the region's market participants' strategic moves and strong R&D investment will boost the North American market. For instance, Surgical Information Systems relocated its corporate headquarters to the Avalon neighborhood in March 2022. The new workplace is designed to be a cutting-edge hub for collaboration and meetings that supports flexible working hours.

The Asia Pacific market is presumed to witness the fastest growth. The market is fueled by a growing pool of patient populations with chronic conditions that necessitate surgical treatments and a quickly developing healthcare infrastructure. The National Digital Health Mission, a full digital health ecosystem, was unveiled by the Indian government in August 2020. Such programs can aid in the expansion of the region’s market.

Key Companies & Market Share Insights

Although North America holds the largest market share, competition is growing in the prospective rising market that has established healthcare systems to adopt trends followed in the U.S., including European nations including Germany, France, and others.

Furthermore, a brief survey conducted in 2020 by the faculty of Biomedical Technology at Czech Technical University demonstrates that there are a wide variety of market participants present in Europe, in contrast to the U.S., where big vendors dominate the market and products like Centricity Anesthesia (GE Healthcare) and Metavision (iMDsoft) are the most frequently used solutions.

Anesthesia Information Management Systems Identified, Europe, 2020

A prominent provider of cloud-based software is attempting to break into the market by making a strategic acquisition, which would give it access to a wider range of products and lead to increased sales as a whole. For instance, AnesthesiaGo, a First-of-Its-Kind Solution for Automatically Generating Daily Case Assignments for Anesthesia Staff, was acquired by Perfect Serve in April 2022. This acquisition will assist the company to strengthen its position as the industry pioneer in cutting-edge scheduling technology.

The players engage in a variety of tactics, such as increasing investment to give additional stacks surrounding the earnings. For instance, Surgical Information Systems disclosed in October 2020 that Accel-KKR had invested a majority of its shares in the company. Due to the unprecedented demand for outpatient surgeries and the continued shift of more advanced processes to ASCs, this investment by Accel-KKR strengthens SIS' commitment to its consumers and the overall industry. As a result, the company is committed to offering its customers software such as AIMS that will ultimately enable clinical, process flow, and case management. Some of the prominent players in the global anesthesia information management systems market include:

• 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

Anesthesia Information Management Systems Market Report Scope

Global Anesthesia Information Management Systems Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global anesthesia information management systems market report based on solution type, end-use, and region:

• Solution Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Software Only

  • Software with Hardware and related components

• End-Use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals

  • Ambulatory surgical centers

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • Sweden

    • Switzerland

    • Belgium

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Chile

  • Middle East and Africa

    • South Africa

    • Saudi Arabia

    • UAE