The global market for anesthesia devices is estimated to be growing at a CAGR of 6.94% from 2023 to 2028 and be worth USD 22.44 billion by 2029 from USD 16.04 billion in 2024.
The growing prevalence of chronic diseases, increasing pollution levels, increasing 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.
The rising number of surgical operations, the growing geriatric population worldwide 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 had 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 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 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.
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.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
Segments Covered |
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 of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Market Leaders Profiled |
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. |
Based on the product, the anesthesia monitors segment had the highest share in the global anesthesia devices market in 2024. 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.
Based on the application, the dental segment accounted for the largest share of the market in 2024. 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.
Based on the end-user, the hospital segment was the leading segment in the global anesthesia devices market in 2024. 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.
North America had the largest share in the global anesthesia devices market in 2022. 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 dominant in Europe due to high cases of COVID-19 in 2020, which resulted in high demand for anesthesia devices.
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.
North America
Europe
Frequently Asked Questions
The APAC anesthesia devices market is anticipated to showcase a CAGR of 8.88% from 2022 to 2027.
The North American anesthesia devices market size is estimated to be worth USD 6.5 billon by 2027.
By 2027, the European anesthesia devices market is predicted to grow to USD 5.68 billion.
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. are some of the noteworthy companies in the global anesthesia devices market.
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