Anesthesia Device Market – Industry Insights By Growth, Emerging Trends And Forecast B

The Anesthesia Device Market - Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, sales network, business strategies, research & development activities, production and consumption, supply chain analysis, competitive landscape, and market composition analysis.

Technological advancement in development of precise anesthesia monitoring and delivery devices is anticipated to the prime driver along with the increasing demand fueled by rise in number surgeries across the globe.

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Rising geriatric population, increasing number of surgeries, and latest technological advancement in healthcare sector to drive demand for anesthesia devices

Number of surgeries has increased significantly across the globe. In the U.S., the neurosurgical procedures alone witnessed a growth of approximately 60% between 2013 and 2018, based on the data published by the American Society for Aesthetic Plastic Surgery. Moreover, manufacturers of anesthesia products across the globe are focusing on development of advanced devices to gain a competitive edge in the market. However, shifting preference of patients toward minimal invasive surgical methods is anticipated to impede the growth of anesthesia devices. Minimal invasive surgeries, also called as Key Hole surgeries, requires very less invasion on body as compared to traditional surgical methods, and thus are anticipated to hinder the anesthesia device market. However, these surgical methods cannot be employed in critical applications such as cardiac surgeries or orthodontic surgeries, thus the impact of minimal invasive surgical methods is expected to be very low.

Anesthesia Workstations are anticipated to gain traction over forecast period

The anaesthesia device market is segmented based on device type, end user, application, and geography. Based on device type, the market is segmented into anesthesia monitoring systems, anesthesia machine, anesthesia workstation, anesthesia ventilators, and anesthesia disposable and accessories. Among these, anesthesia monitoring systems and anesthesia machine collectively contributed a prominent share to the global anesthesia device market in 2018. Moreover, anesthesia workstations are anticipated to be the fastest growing anesthesia device during the forecast owing to rising demand and increase in research and development spending associated with these devices.

Ambulatory surgical centers to witness rise in adoption across Asia Pacific and Middle East & Africa

On the basis of end user, the global anesthesia device market is segmented into hospital, and ambulatory surgical centers. Hospital application or in-patient surgical applications of anesthesia devices contributed the largest share to the market in 2018 and is anticipated to witness significant growth during the forecast period. Ambulatory surgical applications of anesthesia devices is anticipated to grow at a steady rate during the forecast period. Asia Pacific dominated the market in 2018 owing to increase in number of surgeries fueled due to prevalence of diseases associated with lifestyle such as cardiac, & urological disorders, and increase in road accidents. Rising investment in strengthening healthcare infrastructure is anticipated to fuel demand for ambulatory surgical centers across Asia Pacific and Middle East and Africa.

Major players dominating the global market include 3M Company, Airsep Corporation, Ambu S/A, B. Braun Melsungen AG, Medtronic plc, Becton Dickinson and Company, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare, GE Healthcare, Koninklijke Philips N.V., Smiths Group plc, SunMed, and Teleflex Incorporated.

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