Anesthesia device market

Anesthesia Device Market, by Product Type (Anesthesia Monitoring Systems (Advanced Anesthesia Monitor (Anesthesia Gas Monitors, Depth of Anesthesia Monitors, Standalone Capnography Monitors, and MRI Compatible Anesthesia Monitors) and Basic Anesthesia Monitors), Anesthesia Machine (Portable Anesthesia Machine and Standalone Anesthesia Machine), Anesthesia Workstation, Anesthesia Ventilators, and Anesthesia Disposables and Accessories), by End User (Hospitals, Ambulatory Surgical Centers, and Multispecialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Aug 2022
CMI2556
172 Pages
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Medical Devices

Summary

Anesthesia devices includes monitors, continuous-flow anesthetic machines, anesthetics vaporizers, anesthesia information management system (AIMS), and other disposables such as anesthesia breathing circuits, endotracheal tubes, anesthesia gas masks, and laryngeal mask airway. Anesthesia machines are used to administer anesthesia in patients during surgery. These machines deliver variable gas mixtures, which are then delivered to the breathing systems for administering gases to patients using oxygen mask. Patients are administered a mixture of oxygen, nitrous oxide, and other gases that are regulated by anesthetic machines.

Global Anesthesia Devices Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.The sudden outbreak of COVID-19 has bought the world to a standstill. The whole world is fighting this pandemic with increased burden on hospitals and healthcare professionals.

For instance, in May 2020, National Center for Biotechnology Information published a report on Impact of the Coronavirus (COVID-19) pandemic on surgical practice - (surgical prioritisation), which reported that Due to COVID-19, all surgical specialties had to limit their surgical practices and rationalize the surgeries which are performed. All surgery specialists have been asked to limit their follow up to telephone and video where possible. All surgery specialists have been asked to limit their follow up to telephone and video where possible.

Moreover, in April 2021, American Society of Plastic Surgeons published a report which stated that the society's board-certified plastic surgeons reported they stopped performing elective surgical procedures for an average of 8.1 weeks in 2020 due to COVID-19, or 15 percent of the year, which mirrors the decline in the total number of procedures performed in 2019. Whereas, American Society of Plastic Surgeons (ASPS) saw an overall 15% decrease in total number of cosmetic procedures in 2020 due to the COVID-19 pandemic in the U.S.

Global anesthesia devices market size was valued at US$ 14.98 billion in 2022 and is expected to witness a CAGR of 7.6% over the forecast period (2022 – 2030).

Anesthesia Device Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 14.98 Bn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	7.6%	2030 Value Projection:	US$ 26.9 Bn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Anesthesia Monitoring Systems (Advanced Anesthesia Monitor (Anesthesia Gas Monitors, Depth of Anesthesia Monitors, Standalone Capnography Monitors, MRI Compatible Anesthesia Monitors, Basic Anesthesia Monitors)), Anesthesia Machine (Portable Anesthesia Machine, Standalone Anesthesia Machine), Anesthesia Workstation, Anesthesia Ventilators, Anesthesia Disposables and Accessories By End User: Hospitals, Ambulatory Surgical Centers, Multispecialty Clinics
Companies covered:	GE Healthcare, Spacelabs Healthcare., Septodont Inc, Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HEYER Medical AG, ORICARE, Inc., Philips Healthcare, Becton Dickinson and Company, Getinge AB., 3M, General Electric, SunMed, Teleflex Incorporated and Ambu A/S.
Growth Drivers:	Increasing organic strategies such as partnership by the market player Increasing awareness among healthcare providers and surgeons
Restraints & Challenges:	Increasing product recall due to serious injuries or death

Figure 1. Global Anesthesia Devices Market Share (%), by Product Type, 2022

Increasing organic strategies such as partnership by the market player is expected to drive the global anesthesia devices market growth over the forecast period.

Increasing organic strategies by the market player such as partnership is expected to drive the growth of global anesthesia device market over the forecast period. For instance, in November 2021, Zimbis, a provider of medication and supply management technology, announced a partnership with Southern Anesthesia & Surgical, Inc. (SAS), a U.S. distributor of anesthesia and surgical supplies to oral surgeons, dental anesthesiologists, and periodontists. The partnership with SAS supports Zimbis' mission to provide clients with solutions and workflows that address their specific medication and supply requirements. This announcement accompanies the launch of an order integration with SAS that streamlines the complicated and onerous process oral surgeons and other dental specialists typically need to take to order and restock inventory.

Global Anesthesia Devices Market: Restraints

Increasing product recall due to serious injuries or death is one of the major factor restraining the growth of global anesthesia market over the forecast. For instance, in September 2021, Armstrong Medical Limited, a manufacturer of hospital equipment, recalls AMSORB PLUS PREFILLED G-CAN 1.0L(AMSORB PLUS is a chemical substance used in anesthesia machines to absorb carbon dioxide (CO2) the patient breathes out while under anesthesia. This substance is provided in a prefilled canister (Prefilled G-CAN 1.0L) that is attached to the ventilator/anesthesia machine.) due to reduced gas flow to patients during anesthesia. The FDA has identified this as a Class I recall, the most serious type of recall. Use of these devices may cause serious injuries or death. The difficulties in flow may cause a failure in the pre-use or “CHECK-OUT” test on the anesthesia machine. It may also occur when a patient is already under anesthesia if an affected canister is attached to the anesthesia machine while a patient is already under anesthesia.

Global Anesthesia Device Market – Region Analysis

On the basis of region, global disposable gloves market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

Increasing awareness among healthcare providers and surgeons is expected to boost the global anesthesia devices market growth

Manufacturers and healthcare organization in this region are focused on spreading awareness among healthcare providers and surgeons about anesthesia devices used in various surgical procedures. For instance, in May 2018, the American Society of Anesthesiologists (ASA) and CAE Healthcare, a healthcare company, launched interactive, screen-based simulation training product line Anesthesia SimSTAT. Anesthesia SimSTAT – Appendectomy training is designed to offer physician anesthesiologists to manage challenging anesthetic emergencies in patients undergoing laparoscopic surgeries for acute appendicitis. Anesthesia SimSTAT monitors and records the learner’s performance during the training and offers feedback after completion of a session.

Figure 2. Global Anesthesia Devices Market Share (%), by Region, 2022

Global Anesthesia Devices Market: Key Developments

Manufacturers are engaged in developing technologically-advanced medical devices, which in turn is contributing to the anesthesia devices market growth. For instance, in January 2019, Mindray Medical International Ltd. launched A-Series Advantage Anesthesia Delivery platform, which is a modular, state-of-the-art family of anesthesia solutions that includes A4, A5, and A7 Advantage systems.
For instance, on March 11, 2022, Getinge, a healthcare company, announced a new anesthesia contract from Premier, Inc., a healthcare improvement company in the U.S. Premier Inc. is a healthcare improvement company uniting approximately 4,400 U.S. hospitals and health systems and more than 225,000 other providers and organizations which will help the company in further expansion of healthcare sector.

Global Anesthesia Device Market – Competitive Landscape

Key players operating in the global anesthesia devices market include GE Healthcare, Spacelabs Healthcare., Septodont Inc, Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HEYER Medical AG, ORICARE, Inc., Philips Healthcare, Becton Dickinson and Company, Getinge AB., 3M, General Electric, SunMed, Teleflex Incorporated and Ambu A/S.

Table of Content

Table of Contents

*Browse 31 market data tables and 25 figures on “Global Anesthesia Devices Market” - forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What are the growth estimates for global anesthesia devices market till 2030?

The global anesthesia devices market is estimated to surpass US$ 26.9 billion by 2030.

Which are the prominent market players across the globe?

Major players operating in the market include GE Healthcare, Spacelabs Healthcare., Septodont Inc, Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HEYER Medical AG, ORICARE, Inc., Philips Healthcare, Becton Dickinson and Company, Getinge AB., 3M, General Electric, SunMed, Teleflex Incorporated and Ambu A/S.

Which segment based on product type, accounted for the highest demand in global anesthesia devices in 2022?

Among Product Type, anesthesia machine segment is expected to dominate the market, owing to increasing organic strategies such as partnership by the market player.

What are the key factors driving growth of the market?

Increasing organic and inorganic growth strategies by the market player such as product launch and partnerships is expected to drive the market growth over the forecast period.

What is the Compound Annual Growth Rate (CAGR) of the market till 2030?

The market is estimated to exhibit a CAGR of 7.6 % over the forecast period.

Which region is dominating the market growth?

Among regions, North America is expected to witness significant growth over the forecast period, owing to increasing awareness among healthcare providers and surgeons.