PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608714
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608714
The anesthesia device market is estimated to be valued at USD 8.76 Bn in 2024 and is expected to reach USD 13.94 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | 8.76 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.90% | 2031 Value Projection: | 13.94 Bn |
The anesthesia device market has been witnessing significant growth over the past few years owing to the rising number of surgical procedures performed globally. Anesthesia devices are crucial for administering aesthetic agents to patients before and during surgeries to induce altered states of consciousness that include unconsciousness and amnesia. Various types of anesthesia delivery devices such as anesthesia machines, continuous anesthesia machines, and anesthesia ventilators are widely utilized across hospitals and ambulatory surgical centers. Moreover, the growing geriatric population that is more susceptible to chronic diseases and injuries has further fueled the demand for different anesthesia procedures worldwide. With ongoing advancements in medical technologies, the anesthesia device market is expected to grow steadily in the coming years.
The global anesthesia device market is driven by factors such as the increasing prevalence of chronic respiratory diseases and cardiac conditions, rising volume of complex surgical procedures performed, and the growing number of ambulatory surgical centers. However, the high costs associated with advanced anesthesia devices and lack of skilled anaesthesiologists in developing countries are some of the major challenges restraining the market growth. The introduction of portable anesthesia delivery devices offers lucrative opportunities for manufacturers as they enable the performance of surgical procedures at remote locations easily. In addition, ongoing research on developing novel anesthesia agents with faster onset and offset of action presents another growth avenue for market participants.
This report provides in-depth analysis of the global anesthesia device market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global anesthesia device market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include GE Healthcare, Septodont Inc., Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HYER Medical AG, ORICARE, Inc., BD, Getinge AB, 3M, Teleflex Incorporated, Ambu A/S, Mindray Medical India Pvt. Ltd., Fisher & Paykel Healthcare Limited., and Koninklijke Philips N.V.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global anesthesia device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global anesthesia device market