China Anesthesia Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Anesthesia Machines and Disposables & Accessories)

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 6.8 %

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Market Overview

The growth in the geriatric population is likely to result in a significant increase in the demand for the surgeries in China. The overall increase in the number of surgeries performed has a strong impact on the anesthesia devices market in China, as anesthetic devices are used in surgical procedures to reduce the pain. 

The geriatric population is found to be highly prone to the degenerative diseases and chronic illnesses, which has caused an increased verge on surgeries and therapeutics. This demands for continuous monitoring, and it leads to the growth of the anesthesia devices market. Also the increasing investments in the market, supporting the technological advancements in anesthesia machines and techniques, are having a major impact on the market growth, enabling faster deployment in the healthcare industry.

Furthermore, the requirement by the government, for clear documentation of regular and appropriate servicing of the anesthesia machines, including its components, and their proper maintenance, servicing, and repair, is acting as a restraining factor for the growth of the market.

Scope of the report

As per the scope of the report, anesthesia devices are the devices used to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed, and it differs in every case. These devices help the anesthetist to monitor the dose of anesthesia.

By Product Type
Anesthesia Machines
Anesthesia Workstation
Anesthesia Delivery Machines
Anesthesia Ventilators
Anesthesia Monitors
Anesthesia Disposables & Accessories
Anesthesia Circuits (Breathing Circuits)
Anesthesia Masks
Endotracheal Tubes (ETTs)
Laryngeal Mask Airways(LMAs)

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Key Market Trends

Anesthesia Monitors Sub-segment is Expected to Register a High CAGR in the Forecast Period

Anesthesia monitors are used to record and display the delivery of anesthetic substances, like gases, drugs, and fluids to the patient. During surgeries, these are used to check the patients health and reaction to the indication of anesthesia. The integration of various functionalities, such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, coupled with decision support systems and data analysis aids clinicians to get better insights on their patients.

As per a 2019 article by Jin Xu et al., published in the BMJ journal, hospitals in China continue to expand rapidly. From 2008 to 2017, the number of visits to hospitals increased by 93.1% compared with an increase of 49.5% to primary care facilities. Hospital admissions rose by 2.4 times from 2008 to 2017 (10% on average annually). Increase in hospital admissions have thus resulted in increasing demand for anesthesia machines for surgeries, which is helping the growth of the market in China.

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Competitive Landscape

China is a developing economy. Although its healthcare system is not highly developed, China is spending more each year in their healthcare system. This has encouraged many global companies to enter the market and as a result, many global players in the patient monitoring market are present in the country. Moreover, some domestic players have also been competing in the Chinese market. These factors have made the region very competitive.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Geriatric Population and a Rise in the Number of Surgical Procedures Requiring Anesthesia

      2. 4.2.2 Large Patient Pool Due to Chronic Diseases

      3. 4.2.3 Technological Advancements in Anesthesia Technology

    3. 4.3 Market Restraints

      1. 4.3.1 Difficulties Associated with the Usage of Anesthesia Devices

      2. 4.3.2 Issues regarding Product Recalls

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Anesthesia Machines

        1. 5.1.1.1 Anesthesia Workstation

        2. 5.1.1.2 Anesthesia Delivery Machines

        3. 5.1.1.3 Anesthesia Ventilators

        4. 5.1.1.4 Anesthesia Monitors

      2. 5.1.2 Anesthesia Disposables & Accessories

        1. 5.1.2.1 Anesthesia Circuits (Breathing Circuits)

        2. 5.1.2.2 Anesthesia Masks

        3. 5.1.2.3 Endotracheal Tubes (ETTs)

        4. 5.1.2.4 Laryngeal Mask Airways(LMAs)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 BEIJING AEONMED Co Ltd

      3. 6.1.3 Draegerwerk AG

      4. 6.1.4 Fisher & Paykel Healthcare

      5. 6.1.5 GE Healthcare

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Mindray Medical International Limited

      8. 6.1.8 Philips

      9. 6.1.9 Smiths Medical

      10. 6.1.10 Teleflex Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The China Anesthesia Devices Market market is studied from 2018 - 2026.

The China Anesthesia Devices Market is growing at a CAGR of 6.8% over the next 5 years.

B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Philips, Fisher & Paykel Healthcare Limited are the major companies operating in China Anesthesia Devices Market.

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