Anesthesia Equipment Market
Anesthesia Equipment Market Forecasts to 2030 - Global Analysis By Type (Anesthesia Disposables, Anesthesia Devices and Other Types), Application (Cardiology, Dental, General Surgery, Neurology, Ophthalmology, Orthopedics, Respiratory Care, Urology and Other Applications), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $8.30 BN |
|
Projected Year Value (2030) |
US $14.77 BN |
|
CAGR (2023 - 2030) |
8.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Anesthesia Equipment Market is accounted for $8.30 billion in 2023 and is expected to reach $14.77 billion by 2030 growing at a CAGR of 8.6% during the forecast period. A specific set of medical tools and instruments known as anesthesia equipment is used to deliver and monitor anesthesia during surgical procedures and other medical treatments. These crucial devices that ensure the safe and accurate administration of anesthetic agents, such as gases and injectable drugs, to patients in order to cause unconsciousness, relieve pain, and relax their muscles. In general, anesthesia equipment consists of devices that regulate the concentration and flow of anesthetic chemicals as well as monitors for vital indicators including oxygen levels, blood pressure, and heart rate.
According to the WHO, cancer is the leading cause of death globally and was responsible for an estimated 10 million deaths in 2020.
Market Dynamics:
Driver:
Rising demand in anesthesia delivery
Modern anesthetic technology allows for accurate and regulated anesthesia drug administration, ensuring optimal dosage and lowering the possibility of medication errors, this result in increased patient comfort and quicker healing times. Additionally, improvements in drug delivery technologies, such as patient-controlled analgesia devices and target-controlled infusion pumps, enable customized anesthetic delivery that is specialized to the needs of each patient. Therefore, these aspects propel the market size.
Restraint:
Rise in cost
Advanced anesthetic equipment development and manufacturing demand large investments in research, materials, and technology, the equipment is expensive since these costs are frequently transferred to healthcare providers. Furthermore, budget restrictions may prevent healthcare facilities and clinicians, particularly in environments with limited resources, from making investments in modern technology which hampers the growth of the market.
Opportunity:
New technological innovations
The advancements in technology brought forth by the ongoing development of anesthetic equipment further enhance patient care. Data analysis, decision support, and predictive modelling are made possible through the integration of artificial intelligence (AI) and machine learning (ML) algorithms, this helps anaesthesiologists make wise choices, deliver anesthesia more effectively, and enhance patient outcomes. Moreover, the equipment used in anesthesia is made to accommodate a variety of operations and patient groups. Thus, it provides flexibility in terms of various anesthetic treatments, such as sedation, regional anesthesia, and general anesthesia.
Threat:
High competition
The market is competitive since there are many local, national, and international sellers. On the other hand, small and medium-sized suppliers have limited financial and technical capabilities in addition to limited product offerings. As a result, in terms of quality, dependability, and R&D, many providers fall short of well-known vendors. Therefore, during the projection period, these factors will restrain market expansion.
Covid-19 Impact
The development of the COVID-19 pandemic had a significant effect on the world economy and healthcare system. Early on in the pandemic, healthcare facilities all across the world stopped performing elective procedures because of the rising number of COVID-19 cases. Moreover, due to the pandemic, many people avoided going to hospitals, procedures were delayed, and patient monitoring and chronic illness treatment were severely disrupted. Therefore, the market for anesthetic equipment, the manufacturing and supply chain had to deal with challenges such as incompatible product demand and on-time delivery of devices to end consumers.
The anesthesia disposables segment is expected to be the largest during the forecast period
The anesthesia disposables segment is estimated to hold the largest share, due to the disposable items which are essential for preserving cleanliness and limiting the spread of infections in medical facilities. Laryngeal masks, breathing circuits, endotracheal tubes, and filters are just a few examples. Moreover, due to their one-time-use design, they pose less of a danger of cross-contamination and don't require sterilization. Therefore, with a growing emphasis on patient safety and infection control, this sector of the anesthetic equipment market is expanding steadily.
The cardiology segment is expected to have the highest CAGR during the forecast period
The cardiology segment is anticipated to have highest CAGR during the forecast period. Cardiac anesthesia entails the delivery and supervision of anesthesia during heart procedures and interventions. This segment's equipment includes sophisticated heart function monitoring tools like transesophageal echocardiography (TEE) probes, cardiac output monitors, and electrocardiograms (ECGs). Additionally, for anaesthesiologists to guarantee patient security and accurate anesthetic management during challenging cardiac procedures, these instruments are essential. Therefore, in order to improve patient outcomes and safety in the fields of cardiology and cardiovascular medicine, the cardiology sector addresses the special requirements and difficulties connected with cardiac procedures.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to the benefits from a strong healthcare infrastructure, cutting-edge medical facilities, and a significant volume of operations across North America. Additionally, the adoption of contemporary anesthetic systems is driven by regulatory compliance and adherence to exacting safety requirements. The constant need for outstanding anesthetic equipment in North America is further fuelled by an aging population and rising healthcare costs. A significant number of well-known suppliers of anesthetic equipment are present in the market, and technical innovation is becoming increasingly important. Therefore, these aspects contribute to the market's expansion.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to healthcare infrastructure, stringent regulatory standards, and a rising demand for advanced anesthesia solutions. Europe is a key and competitive region in the worldwide anesthetic equipment market because many European healthcare systems prioritize quality and efficiency. Therefore, this has led to a consistent demand for cutting-edge anaesthetic equipment, including monitoring devices and delivery systems.
Key players in the market
Some of the key players in the Anesthesia Equipment Market include Ambu A/S, B. Braun Melsungen AG, Becton Dickinson and Company, Dragerwerk AG & Co. KGaA, GE HealthCare Technologies, Inc., Getinge AB, Heyer Medical AG, Koninklijke Philips N.V., Medline Industries, Inc., Medtronic PLC, Penlon Ltd., Pentax, SunMed, LLC, Teleflex Incorporated and Ventlab.
Key Developments:
In September 2023, Mayo Clinic and GE HealthCare announce a strategic healthcare collaboration for research and product development programs aimed to transform the experience of patients and clinicians in the practice of radiology and the delivery of novel therapies.
In July 2023, The American Society of Anesthesiologists (ASA) announced it has been selected as a 2023 Best and Brightest Companies to Work For in the Nation. This marks the seventh consecutive year the Society has received the designation.
In April 2022, GE Healthcare announced the FDA pre-market approval (PMA) for its End-tidal (Et) Control software for general anesthesia delivery on its Aisys CS2.
Types Covered:
• Anesthesia Disposables
• Anesthesia Devices
• Other Types
Applications Covered:
• Cardiology
• Dental
• General Surgery
• Neurology
• Ophthalmology
• Orthopedics
• Respiratory Care
• Urology
• Other Applications
End Users Covered:
• Clinics
• Ambulatory Surgical Centers
• Hospitals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Anesthesia Equipment Market, By Type
5.1 Introduction
5.2 Anesthesia Disposables
5.2.1 Anesthesia Circuits (Breathing Circuits)
5.2.2 Laryngeal Mask Airways (LMAS)
5.2.3 Anesthesia Masks
5.2.4 Endotracheal Tubes (ETTS)
5.2.5 Other Anesthesia Disposables
5.3 Anesthesia Devices
5.3.1 Anesthesia Monitors
5.3.2 Anesthesia Delivery Machines
5.3.3 Anesthesia Ventilators
5.3.4 Anesthesia Workstation
5.3.5 Other Anesthesia Devices
5.4 Other Types
6 Global Anesthesia Equipment Market, By Application
6.1 Introduction
6.2 Cardiology
6.3 Dental
6.4 General Surgery
6.5 Neurology
6.6 Ophthalmology
6.7 Orthopedics
6.8 Respiratory Care
6.9 Urology
6.10 Other Applications
7 Global Anesthesia Equipment Market, By End User
7.1 Introduction
7.2 Clinics
7.3 Ambulatory Surgical Centers
7.4 Hospitals
7.5 Other End Users
8 Global Anesthesia Equipment Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Ambu A/S
10.2 B. Braun Melsungen AG
10.3 Becton Dickinson and Company
10.4 Dragerwerk AG & Co. KGaA
10.5 GE HealthCare Technologies, Inc.
10.6 Getinge AB
10.7 Heyer Medical AG
10.8 Koninklijke Philips N.V.
10.9 Medline Industries, Inc.
10.10 Medtronic PLC
10.11 Penlon Ltd.
10.12 Pentax
10.13 SunMed, LLC
10.14 Teleflex Incorporated
10.15 Ventlab
List of Tables
1 Global Anesthesia Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Anesthesia Equipment Market Outlook, By Type (2021-2030) ($MN)
3 Global Anesthesia Equipment Market Outlook, By Anesthesia Disposables (2021-2030) ($MN)
4 Global Anesthesia Equipment Market Outlook, By Anesthesia Circuits (Breathing Circuits) (2021-2030) ($MN)
5 Global Anesthesia Equipment Market Outlook, By Laryngeal Mask Airways (LMAS) (2021-2030) ($MN)
6 Global Anesthesia Equipment Market Outlook, By Anesthesia Masks (2021-2030) ($MN)
7 Global Anesthesia Equipment Market Outlook, By Endotracheal Tubes (ETTS) (2021-2030) ($MN)
8 Global Anesthesia Equipment Market Outlook, By Other Anesthesia Disposables (2021-2030) ($MN)
9 Global Anesthesia Equipment Market Outlook, By Anesthesia Devices (2021-2030) ($MN)
10 Global Anesthesia Equipment Market Outlook, By Anesthesia Monitors (2021-2030) ($MN)
11 Global Anesthesia Equipment Market Outlook, By Anesthesia Delivery Machines (2021-2030) ($MN)
12 Global Anesthesia Equipment Market Outlook, By Anesthesia Ventilators (2021-2030) ($MN)
13 Global Anesthesia Equipment Market Outlook, By Anesthesia Workstation (2021-2030) ($MN)
14 Global Anesthesia Equipment Market Outlook, By Other Anesthesia Devices (2021-2030) ($MN)
15 Global Anesthesia Equipment Market Outlook, By Other Types (2021-2030) ($MN)
16 Global Anesthesia Equipment Market Outlook, By Application (2021-2030) ($MN)
17 Global Anesthesia Equipment Market Outlook, By Cardiology (2021-2030) ($MN)
18 Global Anesthesia Equipment Market Outlook, By Dental (2021-2030) ($MN)
19 Global Anesthesia Equipment Market Outlook, By General Surgery (2021-2030) ($MN)
20 Global Anesthesia Equipment Market Outlook, By Neurology (2021-2030) ($MN)
21 Global Anesthesia Equipment Market Outlook, By Ophthalmology (2021-2030) ($MN)
22 Global Anesthesia Equipment Market Outlook, By Orthopedics (2021-2030) ($MN)
23 Global Anesthesia Equipment Market Outlook, By Respiratory Care (2021-2030) ($MN)
24 Global Anesthesia Equipment Market Outlook, By Urology (2021-2030) ($MN)
25 Global Anesthesia Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
26 Global Anesthesia Equipment Market Outlook, By End User (2021-2030) ($MN)
27 Global Anesthesia Equipment Market Outlook, By Clinics (2021-2030) ($MN)
28 Global Anesthesia Equipment Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
29 Global Anesthesia Equipment Market Outlook, By Hospitals (2021-2030) ($MN)
30 Global Anesthesia Equipment Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 2 North America Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 3 US Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 4 Canada Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 6 Europe Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 7 Germany Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 8 UK Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 9 Italy Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 10 France Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 11 Spain Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 14 Japan Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 15 China Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 16 India Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 17 Australia Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 21 South America Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 24 Chile Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 28 UAE Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Anesthesia Equipment Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Anesthesia Equipment Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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