China Anesthesia Devices Market Size

China Anesthesia Devices Market Analysis

The China Anesthesia Devices Market size is estimated at USD 0.85 billion in 2024, and is expected to reach USD 1.21 billion by 2029, growing at a CAGR of 7.30% during the forecast period (2024-2029).

The COVID-19 pandemic affected healthcare systems globally and resulted in the interruption of usual care in many healthcare facilities, exposing vulnerable patients to significant risks. COVID-19 has impacted the growth of the studied market. For instance, according to an article published in September 2020, titled 'Measures taken to alleviate the impact of COVID-19 outbreak on surgical patients', it has been observed that elective surgeries in Chinese hospitals dropped by 70-95% during the pandemic. Thus, the disrupted surgical procedures have impacted the demand for anesthesia monitoring devices and disposables market growth during the COVID-19 pandemic. However, the resuming services and releasing restrictions of COVID-19 and the high number of surgical backlogs are expected to increase the demand for anesthesia delivery and monitoring machines, as well as disposables over the forecast period.

Certain factors that are propelling the market growth are the increasing geriatric population and a rise in the number of surgical procedures requiring anesthesia, the presence of a large patient pool due to chronic diseases, and technological advancements in anesthesia technology.

In addition, the rising geriatric population who are more prone to develop chronic diseases such as cardiovascular diseases, bone, and joint-related disorders, and others, cause an increased verge on surgeries and therapeutics. This demands continuous monitoring, and it leads to the growth of the anesthesia devices market. For instance, according to the 2022 statistics published by the United Nations Population Fund, in China, a large proportion of the living population is aged 15-64 and accounts for 70% in 2022. In addition, as per the same source, 13% of the population is aged 65 years and above in 2022.

Additionally, the rising prevalence of chronic diseases is also expected to boost the demand for surgeries which in turn is anticipated to rise the need for anesthesia devices and disposable items, thereby fuelling the market growth. For instance, according to a study published in April 2022, titled 'Cardiovascular Disease Mortality and Potential Risk Factor in China: A Multi-Dimensional Assessment by a Grey Relational Approach', Pulmonary heart disease has become the third greatest cause of mortality and disability in the Chinese population at the turn of the century and approximately 5 million of the 290 million people with cardiovascular diseases (CVD) had pulmonary heart disease. Thus, the increasing number of patients with cardiovascular diseases in China is expected to increase the number of surgeries, which is expected to increase the demand for anesthesia delivery and monitoring devices, thereby propelling market growth.

Furthermore, rising company activities in developing technologically advanced products and increasing product launches in the country are also contributing to market growth. For instance, in December 2021, Mindray and MDoloris Medical Systems received the CE mark approval for the Analgesia Nociception Index (ANI)-MR module. The module is developed as a solution for integration into Mindray's BeneVision N Series patient monitoring devices. Also, in October 2020, Mindray launched brand new A9 and A8 anesthesia systems in Europe and other selected regions. The launches help the company to withhold its position in the high-end anesthesia machine market.

However, the difficulties associated with the usage of anesthesia devices and the issues regarding product recalls are expected to restrain the market growth over the forecast period.