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2020
Anesthesia Machinery Market

Anesthesia Machinery Market

by Product (Continuous Anesthesia Machinery and Intermittent Anesthesia Machinery), Subject (Human and Veterinary), Application (Nervous System Surgeries, Respiratory System Surgeries, Musculoskeletal System Surgeries, Cardiovascular System Surgeries, Digestive System Surgeries, Urinary System Surgeries, and ENT System Surgeries), End User (Hospitals, Point Of Care, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Report Code: A06271
Pages: 132
May 2020 | 6687 Views
Author(s) : Onkar S
Tables: 53
Charts: 44
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The anesthesia machinery market was valued at $2,001.6 million in 2018, and is estimated to reach $3,288.0 million by 2026, registering a CAGR of 6.3% during the analysis period.

Anesthetic machinery is a device used to deliver a hypoxic mixture of gas to patients as they undergo a medical procedure. Gases such as oxygen (O2), air, and nitrous oxide (N2O) are provided to patients. There are various anesthesia monitors, which are used to inspect the functioning of the system, to detect equipment malfunctions, and to provide information about the patient. The equipment are used for inhalation of anesthesia include flowmeter and vaporizer. Continuous developments in the design of anesthesia machinery helps in operating efficiency and patient outcome, which provides lucrative opportunities for the anesthesia machinery market.

Anesthesia-Machinery-Market-2019-2026

The launches of new features of the anesthesia machines by the key players. For instance, in 2020, the Drägerwerk AG has launched a new product which includes ICU ventilators and anesthesia workstation at the Arab Health 2020 which is held in Dubai, UAE. The company has launched a new Evita V600 and V800 ventilators designed to support daily clinical tasks in the ICU.

Surge in number of surgical procedures; rise in geriatric population, which is highly vulnerable to injuries or medical conditions that require surgery; and rise in technological advancements such as electroence phalographic depth of anesthesia monitoring, advanced neuromuscular transmission monitoring systems, and bedside ultra sonography are the key drivers of the global anesthesia machinery market. However, high maintenance and installation cost of anesthesia machinery and side effects due to overdose of anesthesia restrain the anesthesia machinery market growth. Moreover, anesthesia plays a key role, since every patient that undergoes surgery is anesthetized to manage pain during the course of surgery. The major surgical procedures performed globally are musculoskeletal, respiratory, cardiology, and neurology, owing to high prevalence of these medical conditions. Such high number of surgical procedures are expected to propel the growth of the global anesthesia devices market.

Product solution segment review

Depending on product, the global anesthesia machinery market is categorized into continuous and intermittent anesthesia machinery. The continuous anesthesia machinery segment accounted for the largest market share in 2018,owing to its enormoususe in hospitals due to its effectiveness & steady flow of air and prevalence of surgical procedures.

Anesthesia Machinery Market
By Product

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Continuous anesthesia machinery segment holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Subject segment review

On the basis of subject, the market is categorized into human and veterinary. The human segment is expected to grow at the highest rate during the forecast period, owing to surge in chronic diseases in geriatric population, rise in the pipeline researches and launches for human anesthesia machinery. Factors such as large number of surgical procedures conducted on in human is expected to attribute to increasing usage of anesthesia machineries ultimately leading to high growth of the market in near future.

Anesthesia Machinery Market
By End User

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Hospitals segment is projected as one of the most lucrative segment.

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Application segment review

On the basis of application, the market is categorized into nervous system surgeries, respiratory system surgeries, musculoskeletal system surgeries, cardiovascular system surgeries, digestive system surgeries, urinary system surgeries, and ENT system surgeries. The musculoskeletal system surgeries acquired largest market share in 2018, owing to surge in rate of musculoskeletal surgical procedures which resulted into increased usage of anesthesia machinery for this application.

Region segment review

Region wise, the anesthesia machinery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America held the largest anesthesia machinery market share in 2018, owing to large number of surgeries and sizeable public expenditure on healthcare and rise in pipeline activities in research and development institutes to improve efficiency of anesthesia machinery. In addition, rise in geriatric population and surge in prevalence of chronic diseases such as musculoskeletal and respiratory in North America are projected to propel the market growth. However, Asia-Pacific is anticipated to witness highest anesthesia machinery market growth, owing to increase inpatient base and rise in healthcare expenditure.

Anesthesia Machinery Market
By Region

2026
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 7.8% during 2019-2026.

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The major companies profiled in this report include Cardinal Health Inc, Drägerwerk AG & Co. KGaA, Fisher &Paykel Healthcare Limited, General Electric Company, HEYER Medical AG, Koninklijke Philips N.V., Mindray DS USA Inc, Smiths Group Plc., Teleflex Incorporated, and Vyaire Medical Inc.

Key Market Benefits

  • This report entails a detailed quantitative analysis along with the current global anesthesia machinery market trends of the market from 2018 to 2026 to identify the prevailing opportunities along with the strategic assessment of the global market. 

  • The global anesthesia machinery market forecast is studied from 2019 to 2026. 

  • The global anesthesia machinery market application is studied from 2018 to 2026. 

  • The global anesthesia machinery market size and estimations are based on a comprehensive analysis of key developments in the anesthesia machinery industry.

  • A qualitative analysis based on innovative products facilitates strategic business planning.

  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

Anesthesia Machinery Market Report Highlights

Aspects Details
BY TYPE
  • Continuous anesthesia machine
  • Intermittent anesthesia machine
By Subject
  • Human
  • Veterinary
By Application
  • Nervous system surgeries
  • Respiratory system surgeries
  • Cardiovascular system surgeries
  • Digestive system surgeries
  • Urinary system surgeries
  • ENT system surgeries
  • Musculoskeletal system surgeries
  • Others
By End User
  • Hospitals
  • Point of care
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players CARDINAL HEALTH INC., DRÄGERWERK AG & CO. KGAA, FISHER & PAYKEL HEALTHCARE LIMITED, GENERAL ELECTRIC COMPANY (GE HEALTHCARE), HEYER MEDICAL AG, KONINKLIJKE PHILIPS N.V., MINDRAY DS USA INC, SMITHS GROUP PLC., TELEFLEX INCORPORATED, VYAIRE MEDICAL INC
 

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Anesthesia machinery is a medical device which contains various concentrations of the gas mixture with variable composition for delivery to the patient. Anesthesia machinery delivers a controlled flow of oxygen, nitrous oxide, air, and anesthetic vapors to the patient. There are various monitors, which are used to examine the functioning of the ventilation system, to detect equipment malfunctions, and to provide information about the patient.

The anesthesia machinery market has picked the interest of the healthcare industry, owing to the increase in the number of non-invasive surgical procedures, increase in geriatric population. In addition, advancements in technology such as electroencephalographic depth of anesthesia monitoring, bedside ultrasonography and advanced neuromuscular transmission monitoring systems,are anticipated to drive the growth of the global anesthesia machinery market.However, high maintenance &installation cost of anesthesia machinery and side effects due to overdose of anesthesia are anticipated tohamperthe growth of anesthesia machinery market. Presently, ventilators ultramodern anesthetic machineryand portable anesthetic machineryare most preferred options for the patients in critical conditions.  
 

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of anesthesia machinery market is $2,001.6 million in 2018.

A. The forcast period for anesthesia machinery market is 2019 to 2026

A. The market value of anesthesia machinery market in 2020 is $2,281.2 million.

A. The base year is 2018 in anesthesia machinery market

A. Top companies such as,Cardinal Health, Dräger, Philips, Teleflex, Smiths Medical, and GE Healthcare held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. Continuous anesthesia machinery segment is the most influencing segment owing to owing to its larger production by manufacturer due to its standardized design and its accurate, uninterrupted, and controlled supply of medical gases with an accurate concentration of anesthetic vapor.

A. The major factor that fuels the growth of the global anesthesia machinery market includes technological advancement in anesthesia monitoring and upsurge in number of surgical procedures. This leads to surge in demand for anesthesia machinery devices which contribute to the growth of the market.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as China with a CAGR of 7.8%. This is due to improvement in health awareness, development in healthcare infrastructure , and rise in number of hospitals & diagnostic centers equipped with advanced medical facilities.

A. Aanesthetic machinery is a device which is used to generate and mix a fresh gas flow of medical gases and inhalational anaesthetic agents

A. Anesthesia machinery used for inducing and maintaining anaesthesia levels ina person during treatment.

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