Anesthesia Device Market is anticipated to expand at a CAGR of 9.3% between 2023 to 2032 | insightSLICE
The market for Anesthesia Device was valued at US$ 15.5 billion in 2021 and is projected to increase at a CAGR of 9.3% from 2023 to 2032.
Along with rising demand caused by an increase in surgeries worldwide, technological innovation in the creation of precise anesthesia monitoring and administration equipment is predicted to be the main driver.
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The key players of the Global Anesthesia Device Market are:
Key companies dominating the global Anesthesia Device Market include Airsep Corporation, Ambu S/A, B. Braun Melsungen AG, Becton Dickinson and Company, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare, GE Healthcare, Koninklijke Philips N.V., 3M Company, Medtronic plc, Smiths Group plc, SunMed, and Teleflex Incorporated.
Demand for anesthetic equipment will be fueled by an aging population, an increase in surgeries, and recent technological developments in the healthcare industry:
Globally, the number of operations has greatly increased. Approximately 60% more neurosurgical treatments were performed in the United States between 2013 and 2018 than there were in 2013, according to data from the American Society for Aesthetic Plastic Surgery.
Additionally, to get a competitive edge in the market, anesthetic product producers around the world are concentrating on the creation of cutting-edge technologies. The choice of patients for less intrusive surgical procedures is expected to slow the development of anesthetic devices, nevertheless.
The market for anesthetic devices is expected to be hampered by minimally invasive operations, commonly referred to as Key Hole surgeries, because they involve far less body invasion than conventional surgical techniques.
The impact of minimally invasive surgical techniques is anticipated to be relatively limited because they cannot be used in crucial applications like cardiac surgery or orthodontic surgery.
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Global Anesthesia Device Market Key Segments:
By Device Type
- Anesthesia Monitoring Systems
- Anesthesia Machine
- Anesthesia Workstation
- Anesthesia Ventilators
- Anesthesia Disposable and Accessories
By Application
- Cardiology
- Neurology
- Dental
- Ophthalmology
- Urology
- Orthopedics,
- Others
By End Use
- Hospital
- Ambulatory surgical centers
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
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The leading market segments of Global Anesthesia Device Market
Anesthetic machines and monitoring systems together made up a sizeable portion of the worldwide anesthetic equipment market in 2018.
Additionally, due to growing demand and increased investment in research and development for these devices, anesthetic workstations are predicted to have the fastest growth rate of any anesthetic device during the projection period.
The use of ambulatory surgery facilities is expected to increase in the Asia Pacific, the Middle East, and Africa:
The global anesthetic device market is divided into hospital and outpatient surgical facilities based on the end user. The market for anesthetic devices was mostly driven by the hospital or in-patient surgical applications in 2018, and it is projected that this segment would expand significantly over the next years.
The use of anesthetic devices in ambulatory surgery is predicted to increase steadily throughout the projection period. Due to an increase in operations brought on by the frequency of lifestyle conditions like cardiac and urological problems and a rise in traffic accidents, Asia Pacific dominated the market in 2018.
Revenue from ambulatory surgery centers is expected to increase across the Asia Pacific, the Middle East, and Africa as a result of rising investments in bolstering healthcare infrastructure. This will further help propel the market growth for the Anesthesia Device market in this region.
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