Here are 22 things to know about anesthesia.
1. In May 2015, there were 29,220 anesthesiologists working in the United States, according to the U.S. Bureau of Labor Statistics.
Demographics (based on the 2016 Locum Tenens Compensation & Employment Report for Anesthesiology)
2. Board certified: 83 percent
3. Female/male: 25 percent/75 percent
4. Hospital-employed: 34 percent
5. Group practice: 18 percent
6. Regional breakdown
- Northeast: 24 percent
- Southeast: 25 percent
- Midwest: 23 percent
- Southwest: 13 percent
- West: 15 percent
Compensation (based on the Medscape Anesthesiologist Compensation Report 2016)
7. Total compensation: $360,000, ranking the seventh highest-paid specialty
8. Self-employed: $413,000 for men, $357,000 for women
9. Employed: $336,000 for men, $307,000 for women
10. Healthcare organization: $438,000
11. Office-based, single-specialty group practice: $398,000
12. Hospital: $364,000
13. Office based, multispecialty group practice: $358,000
14. Outpatient clinic: $338,000
15. Office-based solo practice: $281,000
16. Academic, research, military or government: $273,000
17. When ranking anesthesiologist compensation for states and territories in the United States, Ohio, Connecticut, Arizona, Florida and Tennessee ranked the top-paying regions, according to a Recruiter.com report. Puerto Rico, Nebraska, South Dakota, Mississippi and Oklahoma ranked the five lowest-paying regions.
18. Anesthesiologist ranked first place in the 2016 iteration of U.S. News & World Report's annual "Best Paying Jobs" list. In the publication's annual "100 Best Jobs" list, nurse anesthetist ranked in fourth place and anesthesiologist ranked in ninth place.
Hospital-provider relationship
19. Over the last three years, 49 percent of hospitals sought to change their current anesthesia provider, and 25 percent did change their anesthesia providers, according to a survey conducted by Enhance Healthcare Consulting. The three most common reasons for changing anesthesia providers include subsidy level, adequate service level and issues with incumbent group leadership.
Anesthesia setting
20. An analysis of the Anesthesia Quality Institute's National Anesthesia Clinical Outcomes Registry found that, compared to previous years, more patients are undergoing procedures that involve anesthesia outside of the operating room. The researchers suggest that this shift is driven by minimally invasive procedures and tests, which do not require general anesthesia. Instead, these procedures may involve intravenous sedation or regional anesthesia.
Anesthesia market
21. The anesthesia monitoring devices market is expected to reach $1.9 billion by 2024, according to a Grand View Research report. The research company predicts this rapid growth is due to a growing volume of surgeries, along with the growing geriatric population. Some key players in the anesthesia monitoring devices market include Irvine, Calif.-based Masimo; Largo, Fla.-based Infinium Medical; Dublin, Ireland-based Medtronic; Chicago-based GE Healthcare and Amsterdam-based Philips Healthcare.
22. The global anesthesia delivery systems market is expected to grow at a compound annual growth rate of 6.29 percent from 2016 to 2020, according to a Researchmoz report. This growth is primarily driven by a growing volume of surgeries. Some key players in the anesthesia delivery systems market include Lübeck, Germany-based Dragerwerk, Chicago-based GE Healthcare, Rastatt, Germany-based Maquet, Shenzhen, China-based Mindray Medical International and Oxford, United Kingdom-based Penlon.