PUBLISHER: The Business Research Company | PRODUCT CODE: 1489286
PUBLISHER: The Business Research Company | PRODUCT CODE: 1489286
Anesthesia disposables are essential medical supplies designed for use in the administration of anesthesia to patients undergoing medical procedures. These disposables include a variety of products such as anesthesia breathing circuits, endotracheal tubes, anesthesia masks and laryngeal mask airways.
The anesthesia disposables market consists of sales, by entities (organizations, sole traders and partnerships), of anesthesia disposable products that are used by healthcare professionals, including anesthesiologists and nurses, in a wide range of medical settings, from hospitals and clinics to home care environments. Anesthesia disposables are pivotal in ensuring the delivery of anesthesia in a safe, controllable and efficient manner, facilitating pain management and unconsciousness in patients during surgical procedures.
The global anesthesia disposables market was valued at $858.70 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Growing Demand For Minimally Invasive And Effective Procedures
The growing demand for minimally invasive and effective procedures propelled the growth of the anesthesia disposables market. The advantages of minimally invasive techniques, such faster recovery periods and less discomfort after surgery, are driving up demand for procedures like laparoscopic surgeries and endoscopic interventions. The need for anesthesia disposables such breathing circuits, laryngeal masks and endotracheal tubes is increasing because these operations frequently call for anesthesia. For instance, in October 2022, according to a blog posted by ClinicSpots, an India-based online platform that allows users and patients to discuss symptoms and treatments with medical professionals, over 12,800 procedures have been conducted in 70+ facilities by 500 qualified surgeons in the last 12 years. Minimally invasive treatment or robotic surgery is becoming increasingly popular in India. Robotic surgery enables doctors to conduct difficult operations and treatments with accuracy and precision. Therefore, the growing demand for minimally invasive and effective procedures drove the growth of the anesthesia disposables market during the historic period.
Strategic Partnerships And Acquisitions To Strengthen Market Position
Companies in the anesthesia disposables market are focusing on strategic partnerships and acquisitions to strengthen their market position, enhance product offerings and expand their geographic reach. Through these partnerships and acquisitions, companies can take advantage of emerging technologies, integrate complementary skills and reach emerging markets. For instance, in November 2023, Plastiflex Group N.V., a Belgium-based plastic hose system manufacturing company for a variety of applications, signed an agreement to acquire R-Vent Medikal for an undisclosed amount. Through the partnership with R-Vent, the combined group will provide a comprehensive range of respiratory care solutions, including breathing circuits, catheter mounts, filters, masks and Plastiflex's spiral-winded tubing. This positions the Plastiflex and R-Vent combination strongly in the sleep, ventilation and anesthesia markets. R-Vent Medikal is a Turkey-based health care medical device company specializing in the production of single-use breathing systems such as breathing circuits, filters and all other accessories for airway management, anesthesia, critical care and oxygen and aerosol therapy. Additionally, in January 2022, Medcaptain Medical Technology, a China-based company that provides anesthesia and other medical disposables, acquired Penlon, for undisclosed amount. Medcaptain has made a significant stride forward in expanding its business portfolio to include Medication Delivery, In-Vitro Diagnostics, Anesthesia, Respiratory and Medical Disposables. Penlon is a UK-based medical device company that provides anesthesia disposables.
The global anesthesia disposables market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 32.85% of the total market in 2022.
Anesthesia Disposables Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global anesthesia disposables market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for anesthesia disposables? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The anesthesia disposables market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider anesthesia disposables market; and compares it with other markets.