PUBLISHER: Meticulous Research | PRODUCT CODE: 1518351
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518351
Anesthesia Machines Market Size, Share, Forecast, & Trends Analysis by Offering (Anesthesia Workstation, Delivery Systems, Portable, Monitor, Ventilator, Mask, Vaporizer) Application (Orthopedic, Neurology, Cardiology, Urology) - Global Forecast to 2030
The anesthesia machines market is projected to reach $7.71 billion by 2030, at a CAGR of 7.5% from 2023 to 2030. Following thorough secondary and primary research and in-depth analysis of the market scenario, the report discusses key industry drivers, restraints, challenges, opportunities, and market trends.
The growth of the anesthesia machines market is attributed to the high adoption of surgical procedures, growing prevalence of chronic diseases, the aging population, and technological advancements in anesthesia devices. Additionally, increasing focus on patient comfort is expected to provide significant opportunities for players operating in the market.
Furthermore, the growing focus on patient comfort is expected to provide significant opportunities for players operating in the market. However, the high cost of anesthesia machines, adverse anesthesia reactions, and stringent regulations restrain the market's growth. Moreover, low awareness and adoption, a shortage of skilled professionals, and high maintenance of anesthesia machines are the major challenges to the market's growth.
An anesthesia machine monitors a patient's vital signs and takes over functions that the patient cannot perform due to general anesthesia, such as breathing. Under anesthesia, the diaphragm and chest muscles are completely relaxed, so the machine introduces a positive pressure gradient into the patient's lungs with oxygenated air and allows carbon dioxide to escape. These machines can also function as ventilators. However, their role extends beyond merely managing the contraction and expansion of the thoracic cavity.
Based on offering, the anesthesia machines market is segmented into anesthesia workstations, anesthesia delivery machines, portable anesthesia machines, anesthesia ventilators, anesthesia monitors, and accessories. In 2023, the anesthesia workstations segment is expected to account for the largest share of the anesthesia machines market. The growing number of surgical procedures, the growing prevalence of chronic diseases, and the high adoption of anesthesia workstations in developed countries due to its benefits are responsible for the large share of the segment.
Anesthesia workstations consist of a broad range of equipment, including anesthesia machines, physiologic monitors, and accessories such as active suction equipment and adjunctive bag-valve-mask devices. They provide oxygenation, ventilation, and administration of volatile anesthetics. Due to the multiple functions carried out by the workstations, medical professionals highly prefer them for surgical procedures globally.
Based on end user, the anesthesia machines market is segmented into hospitals & clinics and ambulatory surgical centers. The hospitals & clinics segment is expected to grow at the highest CAGR during the forecast period. Several factors are driving the growth of this segment, such as increasing demand for surgical procedures, expansion of health infrastructures, and growing collaborations between hospitals & anesthesia machine manufacturers.
The rising global burden of diseases and the aging population have increased the demand for surgical interventions. Hospitals and clinics are the primary choices of the patients where surgeries are performed, driving the demand for anesthesia machines in hospitals & clinics.
An in-depth analysis of the geographical scenario of the anesthesia machines market provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the anesthesia machines market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market in North America. The advancements in medical & surgical technologies, the high prevalence of chronic diseases, the high number of surgeries performed each year, and high healthcare expenditure contribute to the large share of the market.
Key companies operating in the anesthesia machines market are Medtronic PLC (Ireland), Draegerwerk AG (Germany), Koninklijke Philips NV (Netherlands), GE HealthCare Technologies Inc. (U.S.), Becton Dickinson and Company (U.S.), Fisher & Paykel Healthcare (New Zealand), B. Braun SE (Germany), HEYER Medical AG (Germany), Mindray Medical International Limited (China), Smiths Group plc (U.K.), and OSI Systems, Inc. (U.S.).
Anesthesia Machines Market Assessment-by Type
(Other accessories include anesthesia masks, regulators, canisters, and tubing, among others)
Anesthesia Machines Market Assessment -by End User
Anesthesia Machines Market Assessment -by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)