Anesthesia Devices Market by Product (Anesthesia Delivery Machines, Anesthesia Disposables & Accessories, Anesthesia Monitors, and Anesthesia Information Management Systems), by Application (Cardiology, Neurology, Dental, Ophthalmology, Urology, Orthopedics, & Others), by End User (Hospitals, Clinics, Ambulatory Service Centers & Others), and by Geography

Anesthesia Devices Market was valued at USD 15,402.9 million in 2022 and is expected to grow at a 7.4% CAGR from 2023 to 2029. Anesthesia devices are majorly used in surgical procedures where pain is inevitable. the anesthesia device is also used to control breathing and in managing blood pressure during surgical procedures. The increasing prevalence of chronic disorders such as Obstructive Sleep Apnea (OSA) and Chronic Obstructive Pulmonary Disease (COPD), rapid urbanization, and increased volumes of surgical operations are expected to drive the anesthesia devices market trends over the forecasted years. For instance, according to the Centers for Disease Control & Prevention (CDC), more than 15 million Americans are affected by COPD in the year 2021. In addition, rising pollution levels and a growing geriatric population are expected to boost market growth. The Covid 19 pandemic has increased the demand for various medical devices across the globe which had a positive impact on the anesthesia devices market growth. Furthermore, the market’s key players are focused on the launch of new devices to match the demand in the market for the treatment of disease. For instance, InnAccel Technologies launched a non-invasive ventilation system to use in the Intensive Care Unit with COVID-19 patients in April 2020. However, the documentation required by the government for proper maintenance of anesthesia devices such as regular servicing, and repair is expected to restrain the anesthesia devices market share over the forecast period. The anesthesia monitor segment is expected to have the fastest growth over the forecasted years owing to its high usage in monitoring such as sedative profundity, objective coordinated liquid treatment, high-level neurological observing, and further developed caution frameworks.  

Anesthesia Devices Market Key Developments:
In January 2020, Drager launched the new Altan family of anesthesia in Arab Health 2020 for simplifying the work procedures of clinical staff and biomedical personnel.