Anesthesia Devices Market to Witness Robust Growth in Coming Years
Increasing number of
surgeries around the globe and current outbreak of COVID-19 to drive global
anesthesia devices market
According to
TechSci Research report, “Global Anesthesia Devices Market By Product (DRAM, NAND,
NOR, Flash, Others), By Vehicle Type (Passenger Car, Commercial Vehicle), By
Application (Infotainment & Connectivity, ADAS, Others), By Region,
Competition, Forecast & Opportunities, 2025”, the market is expected to witness a significant CAGR until
2025. Major factors for the growth of anesthesia devices include increasing
prevalence of chronic diseases around the world, coupled with rising number of
surgeries, which is ultimately resulting in increasing demand for anesthesia
devices from hospitals and clinics. Surgical procedures such as orthopedics,
cardiology, and neurology are increasing, globally, at an alarming rate due to high
prevalence of these medical conditions. Anesthesia plays a key role, since
every patient that undergoes surgery is anesthetized to manage the pain during
the surgery. Moreover, the rising demand for disposable anesthesia devices is
anticipated to further boost the growth of the anesthesia devices market.
Additionally, growing geriatric population, which is highly
prone to degenerative diseases and chronic illnesses is expected to fuel the
demand for anesthesia devices for surgeries. Also, increasing investment in
healthcare sector and technological advancements in anesthesia devices and
techniques is expected to propel the growth of anesthesia devices in the coming
years.
However, the global anesthesia devices market might
face some hindrance in its growth. Manufacturers
are required to show the government, clear documentation of regular and
appropriate servicing of the anesthesia machines, including their components,
their proper maintenance, servicing, and repair. This might act as a barrier
for the overall growth of anesthesia devices market. Adding to this, the high
cost of anesthesia devices is another factor hampering the growth of global
market.
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The global
anesthesia devices market is segmented based on product, type, application, device,
end-user, and region. Based on product, the market is segmented into anesthesia
ventilators, anesthesia monitors, anesthesia machine, vaporizers, anesthesia
delivery system or workstation, flowmeters (mechanical, electrical and hybrid),
breathing system, absorption system, gas analyzer, laryngeal mask airway (lma)
and anesthesia disposables. Among these, anesthesia monitors are projected to
dominate the market in the coming years as they are widely used to record and
display the delivery of anesthetic substances such as gases, drugs, and fluids
to the patient. During surgeries, anesthesia monitors are used to check the
patient’s health and reaction to the indication of anesthesia.
Based
on end-user, the global anesthesia devices market is segmented into hospitals,
diagnostic centers and others. Here, the hospital segment dominates the market
owing to the rising number of surgeries being conducted there.
GE Healthcare, Becton
Dickinson, Teleflex, Ambu, Draeger, Baxter, Medion Healthcare, Medisize, ICU
Medical, B. Braun, Mindray, Smiths Medical, Koninklijke Philips, Masimo, OSI
Systems, Medtronic, Ontex Medical Devices Manufacturing Private Limited, Getinge,
Cardinal Health and DESCO Medical India are some of the leading players operating in global anesthesia
devices market. The anesthesia devices manufacturers are increasingly focusing
on incorporating latest technologies in anesthesia devices to minimize the
wastage of anesthetic gases, improve the precision and effectiveness of
anesthesia delivery, and ensure patient safety.
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“Adoption of anaesthesia information management system (AIMS) has led to tremendous
growth in anesthesia devices market. It has provided a more efficient
electronic solution in place of paper-based record. However, anesthesia devices
manufacturing companies need to focus on adopting innovative marketing
strategies for increasing their market penetration as the market is highly
fragmented. With increased awareness and safety concerns related to usage of anesthesia,
manufacturers need to ensure quality assurance of their devices”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Anesthesia Devices Market By Product
(DRAM, NAND, NOR, Flash, Others), By Vehicle Type (Passenger Car, Commercial
Vehicle), By Application (Infotainment & Connectivity, ADAS, Others), By
Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global anesthesia
devices market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global anesthesia devices market.
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