PUBLISHER: The Business Research Company | PRODUCT CODE: 1559161
PUBLISHER: The Business Research Company | PRODUCT CODE: 1559161
An epidural anesthesia disposable device is a single-use medical instrument designed for administering epidural anesthesia. It ensures both cleanliness and safety by being disposed of after each use. Anesthesiologists or trained medical professionals use the device to insert an epidural needle into the patient's back, place the catheter into the epidural space, and deliver the anesthetic through the catheter.
The primary types of these disposable devices include continuous epidural trays, single-dose epidural trays, and epidural anesthesia needles, among others. A disposable kit for continuous epidural anesthesia typically includes all essential components such as catheters, needles, syringes, and medications. These devices are used for both adults and pediatric patients and are applicable in settings such as hospitals, clinics, ambulatory surgical centers, and long-term care facilities.
The epidural anesthesia disposable devices market research report is one of a series of new reports from The Business Research Company that provides epidural anesthesia disposable devices market statistics, including epidural anesthesia disposable devices industry global market size, regional shares, competitors with epidural anesthesia disposable devices market share, detailed epidural anesthesia disposable devices market segments, market trends, and opportunities, and any further data you may need to thrive in the epidural anesthesia disposable devices industry. This epidural anesthesia disposable devices research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The epidural anesthesia disposable device market size has grown strongly in recent years. It will grow from $1.48 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The rise during the historical period can be linked to a growing preference for disposable medical products, a higher number of accident cases, increased use of epidural anesthesia disposables, greater awareness of pain management benefits, and a rising inclination towards epidural anesthesia during childbirth.
The epidural anesthesia disposable devices market size is expected to see rapid growth in the next few years. It will grow to $2.36 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The anticipated growth in the forecast period is driven by a rising demand for medical devices, an increasing need for effective and reliable disposable items, a surge in surgical procedures, higher rates of chronic diseases and an aging population, and an expansion in outpatient surgeries. Key trends during this period include the integration of digital health technologies, the incorporation of technology for real-time monitoring and dosage control, advancements in technology, investments in research and development, and innovations in clinical technology.
The increasing number of surgeries is anticipated to drive the growth of the epidural anesthesia disposable device market in the future. Surgeries involve medical procedures where doctors use tools to treat injuries or illnesses by making incisions to examine and correct problems. Several factors contribute to the rise in surgeries, including advancements in medical technology, increased awareness and access to healthcare, an aging population with complex health needs, and improved surgical techniques that offer safer and more effective treatments. Epidural anesthesia disposable devices reduce the risk of cross-contamination and infection, improving patient safety and simplifying the surgical process by providing a sterile, single-use device for each patient. For example, a report published by the Aesthetic Society in April 2022 indicated that the average plastic surgeon performed 320 surgical procedures in 2021, up from 220 in 2020. Thus, the increasing number of surgeries is fueling the demand for epidural anesthesia disposable devices.
Leading companies in the epidural anesthesia disposable device market are focusing on developing innovative products and obtaining approval from the U.S. Food and Drug Administration to enhance patient safety and efficacy. These innovations aim to meet the growing demand for minimally invasive pain management solutions, as healthcare providers seek to improve patient outcomes while reducing complications associated with traditional anesthesia methods. For instance, in May 2023, Omeq Medical, an Israel-based medical technology company, received FDA clearance for its EpiFinder device. This device helps physicians accurately position an epidural needle during the standard Loss of Resistance (LOR) technique used in administering epidural anesthesia.
In December 2021, Baxter International Inc., a U.S.-based medical device manufacturer, acquired Hillrom for an undisclosed amount. This acquisition aims to enhance patient care and deliver value to stakeholders through strategic growth and innovation. Hillrom, also a U.S.-based company, manufactures epidural anesthesia disposable devices.
Major companies operating in the epidural anesthesia disposable device market are Baxter International Inc., Medline Industries Inc., B. Braun Melsungen AG, Smiths Medical Inc., Teleflex Incorporated, Halyard Health, Sarstedt Inc., Vygon Ltd., Vogt Medical Vertrieb GmbH, Romsons International, Narang Medical Limited, sfm medical devices GmbH, PAJUNK, Egemen International , Balton Ltd., Epimed International, Inc., Troge Medical GmbH, Becton, Dickinson and Company, Hull Anesthesia Inc., Zhejiang Fert Medical Device
North America was the largest region in the epidural anesthesia disposable device market in 2023. The regions covered in the epidural anesthesia disposable device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the epidural anesthesia disposable device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The epidural anesthesia disposable device market consists of sales of epidural needles, epidural anesthesia kits, disposable covers and protectors, epidural catheters, syringes, and needles. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Epidural Anesthesia Disposable Device Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on epidural anesthesia disposable device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for epidural anesthesia disposable device ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The epidural anesthesia disposable device 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 historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.