- Anesthesia Delivery Machines
- Anesthesia Disposables & Accessories
- Anesthesia Monitors
- Anesthesia Information Management Systems
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.
Fastest Growing Market
The anesthesia devices market is expected to grow over the forecasted period due to the growing geriatric population and increasing demand for surgeries. The increasing number of surgeries are dependent on anesthesia devices to reduce pain during surgical procedures. The geriatric population is highly prone to chronic disorders and degenerative diseases leading to an increasing number of surgeries in the forecast years resulting in increasing demand for anesthesia devices. In addition, the market players are focused on investments on the research and development of technologically advanced anesthesia devices and techniques which are expected to boost the growth of the anesthesia devices market at a significant rate over the forecast period.
The 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
The anesthesia devices market is segmented based on product, application, end-user, and geography.
The leading players in the global Anesthesia Devices market are General Electric, 3M Company, Ambu A/S, Becton, Dickinson, and Company, Draegerwerk AG & Co. KGAA., Smith Medical, SunMed, Teleflex Incorporated, Koninklijke Philips N.V., B. Braun Melsungen AG.
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation, and Seven years forecast is presented from 2023– 2029.