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North America Anesthesia Devices Market Research Report – Segmented By Product, Application, End-User & Country (The United States, Canada and Rest of North America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: March, 2023
ID: 13097
Pages: 100
Formats: report pdf report excel report power bi report ppt

North America Anesthesia Devices Market Size (2022 to 2027)

The anesthesia devices market in the North American region is expected to grow to USD 6.5 billion by 2027 from USD 4.78 billion in 2022, growing at a CAGR of 6.36% from 2022 to 2027.

The anesthesia devices market in North America is primarily driven by Y-O-Y growth in the elderly population and an increase in the occurrence of respiratory disorders. In addition, the rapid adoption of anesthetic information management systems, which have been introduced to transition the sector away from paper-based record-keeping systems to more efficient electronic solutions, can be credited with the market's uninterrupted expansion. This market is further expected to be driven by the construction of several government-supported national statistical databases.

The steadily rising population, which contributes to an increase in the geriatric population, presents significant potential for the anesthesia devices market to expand in this region. In addition, increased adoption of diagnostic and therapeutic devices due to increased respiratory disorders and tobacco consumption is projected to create attractive prospects for North American anesthetic devices market players. A rising number of commercial and governmental sector initiatives focused on developing innovative anesthetic devices is expected to generate significant opportunities for worldwide market participants during the forecast period.

The integration of smart technologies in healthcare is likely to generate growth opportunities for the anesthesia devices market's stakeholders over the forecast period. The market participants are expected to profit from the growing demand for therapeutic gadgets with customized settings and home care items. The anesthetic sector in North America is expected to grow as new and innovative devices for diagnostics, respiratory care, and treatments become available. The market stakeholders expect speedier approval procedures and favorable government norms and regulations for anesthesia and respiratory devices to boost growth potential.

On the other hand, due to the risks associated with diagnostic and therapeutic equipment, particularly in newborns, the growth of the North American anesthesia devices market is expected to be hampered. In addition, a lack of awareness about sophisticated treatment instruments on the market leads to a low rate of adoption of novel technologies, which is another significant barrier to the market participants in the North American anesthesia devices market.  The anesthesia devices market in this region is currently facing hurdles in the manufacturing and supply chain due to the pandemic, such as delivering devices to end-users on time and meeting an uneven demand for products.

This report on the North American anesthesia devices market has been segmented and sub-segmented into the following categories.

By Product:

  • Anesthesia Delivery Machine
  • Anesthesia Disposables & Accessories
    • Anesthesia Circuits
    • Anesthesia Masks
    • Laryngoscopes
    • HME
    • Others
  • Anesthesia Monitors
  • Anesthesia Information Management Systems (AIMS)

By Application:

  • Cardiology
  • Neurology
  • Dental
  • Ophthalmology
  • Urology
  • Orthopedics

By End-User:

  • Hospital
  • Clinics
  • Ambulatory Surgical Centres

By Country:

  • The United States
  • Canada
  • Rest of North America

North America is likely to lead the global anesthesia devices market throughout the forecast period. The United States had the most significant share in the North American market in 2021 due to the rapid rise in ailments such as obesity, cardiovascular difficulties, and various forms of malignancies, all of which have contributed to an increase in open and minimally invasive treatments. In addition, the need for anesthesia devices in the United States has increased as the number of minimally invasive operations for chronic conditions has increased.

In the United States, the prevalence of cancer and cardiovascular disease is fast rising. According to figures given by the American Heart Association in January 2019, approximately half of all Americans had some form of cardiovascular illness, such as hypertension, coronary heart disease, etc. These disorders frequently necessitate surgeries such as angioplasty, by-pass, and other procedures, contributing to the growing demand for anesthetic devices. Furthermore, according to GLOBOCON 2020, 2,281,658 new cancer cases were identified in the United States in 2020, with 612,390 fatalities. Because of the high prevalence of cancer cases, more cancer-related procedures will be required, increasing the demand for anesthetic devices in the region.

KEY MARKET PLAYERS:

Companies playing a significant role in the North America anesthesia devices market profiled in this report are GE Healthcare, Becton Dickinson and Company, Smiths Group plc, Ambu S/A, Teleflex Incorporated, Dragerwerk AG & Co. KGaA, SunMed, 3M Company, Airsep Corporation, Koninklijke Philips N.V., Verathon Inc., and Karl Storz GmbH & Co. KG.

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