Massive Growth in Anesthesia Machine Market Set to Witness Huge Growth by 2027
Global Anesthesia Machine Market Information; by type (continuous anesthesia machines, intermittent anesthesia machines, and others), by clinical indications (nervous system surgeries, eye, ear and nasal surgeries, respiratory system surgeries, cardiovascular system surgeries, digestive system surgeries, urinary system surgeries, musculoskeletal system surgeries, and skin system surgeries, and others), by subject (human, and veterinary), by components (machines, ventilators, monitors, disposables, and others), by form (portable anesthesia machines and stand-alone anesthesia machines), by end users (hospitals, point of care, and others) - Forecast to 2027
Market Research Future (MRFR) has announced the release of a new research study that analyzes the global anesthesia machines market and provides insights into the market’s probable growth trajectory over the forecast period (2016-2023). The economic landscape of the global anesthesia machines market is assessed in detail in the report, which also contains a detailed analysis of the main drivers and restraints operating on the market. The segmentation of the global anesthesia machines market is profiled in detail to provide readers with a comprehensive view of the global market’s hierarchy by various criteria. The competitive landscape of the global anesthesia machines market is also analyzed in the report to provide pointers as to the leading players and successful strategies in the market. According to the study, the global anesthesia machines market is expected to rise to a value of USD 14.75 billion by 2023, rising at a CAGR of 7.8% over the forecast period. The global anesthesia machines market was valued at USD 9.4 billion in 2016.
The growing number of surgeries is the prime driver for the global anesthesia machines market. The rising prevalence of chronic diseases as well as trauma cases is thus likely to be a major driver for the anesthesia machines market over the forecast period. The increasing awareness about the efficacy and utility of anesthesia machines has resulted in their growing adoption in the healthcare sector. Surgeries pertaining to the nervous system, cardiovascular system, urinary system, digestive system, and the musculoskeletal system are likely to become increasingly prevalent in recent years, which has driven the demand for anesthesia machines at a steady rate. Computerized anesthesia machines are likely to become more prevalent in the global market over the forecast period due to their benefits in terms of better precision and accurate monitoring.
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Increasing research into the portability and miniaturization of anesthesia machines is likely to lead to growth of the anesthesia machines market over the forecast period. Innovations to make surgeries more comfortable and simpler for surgeons are proving popular in the healthcare sector at the moment, resulting in steady growth of the anesthesia machines market. On the other hand, the risks of infection and high costs are likely to hamper the growth prospects of the global anesthesia machines market over the forecast period. The risk of infection in anesthesia machines is being highly researched in order to improve the hygiene-related aspects of anesthesia machines. This could result in steady technological progression in the coming years, rectifying one of the major restraints against the anesthesia machines market.
Segmental Analysis:
The global anesthesia machines market is segmented on the basis of type, clinical indication, subject, component, form, end use, and region. The comprehensive assessment of the segmentation of the global anesthesia machines market helps provide a clear view of the market to readers.
On the basis of type, the global anesthesia machines market is segmented into continuous anesthesia machines, intermittent anesthesia machines, and others. Continuous anesthesia machines held a dominant share of 58% in the global anesthesia machines market in 2016 and are likely to remain the major contributor to the global market over the forecast period.
On the basis of clinical indication, the global anesthesia machines market is segmented into nervous system surgeries, ENT surgeries, respiratory system surgeries, cardiovascular system surgeries, digestive system surgeries, urinary system surgeries, musculoskeletal system surgeries, skin surgeries, and others.
By subject, the global anesthesia machines market is segmented into human and veterinarian.
By component, the global anesthesia machines market is segmented into machines, ventilators, monitors, disposables, and others.
By form, the anesthesia machines market is segmented into portable and standalone anesthesia machines.
By end use, the global anesthesia machines market is segmented into hospitals, point of care units, and others.
Regional Analysis:
Regionally, Asia Pacific is expected to exhibit the highest growth in the global anesthesia machines market over the forecast period due to the intensive efforts taken by governments in the region to improve the healthcare sector and increasing investment in the healthcare sector.
The Middle East and Africa is also likely to be a major regional market for anesthesia machines over the forecast period, due to the improving performance of the market in countries such as Qatar, the UAE, Kuwait, and Saudi Arabia.
North America holds the dominant share in the global anesthesia machines market at present and is likely to remain a major contributor over the forecast period.
Competitive Analysis:
Leading players in the global anesthesia machines market include Heyer Medical AG, Koninklijke Philips NV, GE Healthcare, Smiths Medical, Teleflex Inc., Mindray DS USA Inc., Covidien, Draeger, and Fisher & Paykel Healthcare.
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