The global market for anesthesia devices was valued at USD 13.12 billion in 2021. This value is further estimated to be growing at a CAGR of 6.94% from 2022 to 2027 and worth USD 19.62 billion by 2027 from USD 14.03 billion in 2022.
COVID-19 has had a positive impact on the global anesthesia devices market.
The COVID-19 outbreak has spread throughout the world. In-Patients and outpatients have reduced in hospitals due to epidemic conditions. The manufacturing and supply chain for the market for general anesthetic devices has decreased. Covid-19 has changed many people’s lifestyles and reduced unwanted expenditures. Due to the rising COVID-19 cases in the early stages of the pandemic, all hospitals worldwide canceled all planned and elective surgeries. Only emergency surgeries are going to be held in hospitals.
In May 2020, an estimated 585,003 elective procedures were postponed during the 12-week lockdown in India alone, while several elective surgeries were canceled and postponed globally, according to the British Journal of Surgery. Due to this anesthetic device market has seen a slight decline. However, as soon as lockdown restrictions were removed, the demand for anesthetic devices increased. Anesthesia devices were also used as ventilators for COVID-19 patients. Moreover, hospitals use inhalation anesthetics for sedation during prolonged anesthesia machine ventilation. Considering all these factors, the market is projected to showcase a healthy growth rate during the forecast period.
Y-O-Y rise in the prevalence of chronic diseases, increasing pollution levels, Y-O-Y growth in tobacco consumption, rising number of surgeries, and increasing demand for anesthesia devices from hospitals and clinics are primarily accelerating the development of the global anesthesia devices market.
Increasing investments in technological advancements to manufacture better and more cost-effective anesthesia devices and techniques significantly impact the market growth, enabling faster deployment in the healthcare industry. Expanding development of short-acting anesthetics, rising sales of anesthesia monitors, and growing demand for anesthesia workstations further boost the market growth. A decision support system (DSS) is another type of anesthesia. Anesthesia information management system (AIMS) helps the clinician deliver health services while monitoring the patient's wellness.
Growing Surgical Operations, Y-O-Y growth in the geriatric population, and technological advancements are further anticipated to boost the anesthesia devices market.
Surgical operations are growing due to the spread of numerous diseases. Anesthesia is given to a patient undergoing surgery to control the pain. Orthopedic, cardiac, and neurological surgery are the primary surgical disorders frequently done worldwide. Due to the increase in these surgeries, the anesthesia device market has enormous growth. Anesthetic devices are used in surgical procedures to reduce pain in the geriatric population. In addition, the senior population is highly suffering from degenerative diseases and chronic illnesses, causing an increased need for surgeries and therapeutics. Increasing market investments for technological advancements in anesthesia machines and techniques significantly impact the market growth, enabling faster deployment in the healthcare industry. Expanding development of short-acting anesthetics, rising sales of anesthesia monitors, and growing demand for anesthesia workstations are driving the market growth. A decision support system (DSS) is another type of anesthesia. Anesthesia information management system (AIMS) helps the clinician deliver health services while monitoring the patient's wellness.
However, the high cost of devices and strict reimbursement policies from healthcare insurance for the purchase of the medical devices, stringent government regulations for product approval, and lack of proper maintenance, servicing, and repair, are restraining factors for the growth of the anesthesia devices market. In addition, the time-consuming process of creating an anesthetic system, side effects such as cognitive disturbance and post-surgery delirium related to anesthesia, and the lack of standards for their validation are the challenges for the market growth.
Market Size Available
2021 to 2027
2022 to 2027
By Product, Application, End-User & Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
This research report on the global anesthesia devices market has been segmented and sub-segmented based on product, application, end-user, and region.
Anesthesia Devices Market – By Product:
Based on the product, the anesthesia monitors segment had the highest share in the global anesthesia devices market in 2021. Anesthesia devices track patients' exposure to anesthetic agents such as gases, medications, and fluids. These devices are used during surgeries to monitor the health of the patients and their response to the anesthetic indication. Several features, such as oxygen saturation, carbon dioxide, heart rate, and blood pressure, together with decision support systems and data analysis, help physicians better understand the patient’s position.
Anesthesia Devices Market – By Application:
Based on the application, the dental segment accounted for the largest share of the market in 2021. This is due to an increase in the geriatric population, a rise in the incidence of dental disorders, and increased awareness among people. In addition, anesthesia is used to numb the surgical part in several cases of dental surgeries. Combining nitrous oxide and numbing agents effectively manages patient treatment, accelerating segmental expansion.
Anesthesia Devices Market – By End-User:
Based on the end-user, the hospital segment was the leading segment in the global anesthesia devices market in 2021. The demand for anesthesia devices in hospitals is increasing due to the availability of technologically advanced technologies and instruments to provide for a large population. In addition, the demand for hospitals is growing due to the availability of highly skilled and qualified medical workers.
Anesthesia Devices Market – By Region:
North America had the largest share in the global anesthesia devices market in 2021. The United States has dominated the North American region due to rapid growth in disorders including obesity, cardiovascular diseases, the prevalence of diseases including cancer, and various cancers that have led to an increase in both open and minimally invasive procedures. In 2020, as per GLOBOCON, 612,395 fatalities and 2,281,658 new cancer cases were reported in the United States.
The Asia Pacific holds the second position in the global anesthesia devices market due to the growing geriatric population, a large population of patients, an advancing healthcare system, and an increasing number of surgeries. China has the highest share in the Market due to health insurance coverage, economic development, growing demand for intermittent flow anesthetic machines, and a rising number of surgeries, such as cardiovascular and bariatric, as well as rising cancer cases. A Chinese-based company acquired Heyer Medical AG. The purchase was made during Heyer Medical AG's reorganization process, including Heyer's whole product offering of anesthesia machines and medical ventilators.
Europe is predicted to register a substantial share in the global anesthesia devices market during the forecast period due to the development of technologically advanced anesthesia machines & techniques, increasing investment by the government, and an increasing number of people suffering from breathing problems. In addition, the United Kingdom is dominated in Europe due to high cases of COVID-19 in 2020, which resulted in high demand for anesthesia devices.
TOP COMPANIES IN THIS MARKET:
The key players operating in the global anesthesia devices market are Analogic Corporation, B. Braun Melsungen AG, FUJIFILM Holdings Corporation, Ambu, Cardinal Health, Kimberly-Clark, Masimo, Medline Industries, Inc., PerkinElmer Inc., Baxter, BD, Hospira, Inc., Teleflex Incorporated, 3M, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Smiths Group plc, OSI Systems, Inc., AstraZeneca, Medtronic and ALung Technologies, Inc.
RECENT MARKET DEVELOPMENTS:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Anesthesia Devices Market, By Product
6.1.1 Anesthesia Delivery Machine
6.1.2 Anesthesia Disposables & Accessories
6.1.3 Anesthesia Monitors
6.1.4 Anesthesia Information Management Systems (AIMS)
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Anesthesia Devices Market, By Application
6.2.7 Market Size Estimations & Forecasts (2021-2026)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
6.3 Anesthesia Devices Market, By End-User
6.3.3 Ambulatory Service Centers
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Anesthesia Devices Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Product
7.2.3 By Application
7.2.4 By End-User
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Product
7.3.3 By Application
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Application
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Product
7.5.3 By Application
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Product
7.6.3 By Application
7.6.4 By End-User
8. Key Player Analysis
8.1 GE Healthcare
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Becton Dickinson and Company
8.3 Smiths Group plc
8.4 Ambu S/A
8.5 Teleflex Incorporated
8.6 Dragerwerk AG & Co. KGaA
8.8 3M Company
8.9 Airsep Corporation
8.10 Koninklijke Philips N.V.
8.11 Verathon Inc.
8.12 Karl Storz GmbH & Co. KG
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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