Market Size of France Anesthesia Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 0.79 Billion |
| Market Size (2029) | USD 1.13 Billion |
| CAGR (2024 - 2029) | 7.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
France Anesthesia Devices Market Analysis
The France Anesthesia Devices Market size is estimated at USD 0.79 billion in 2024, and is expected to reach USD 1.13 billion by 2029, growing at a CAGR of 7.20% during the forecast period (2024-2029).
COVID-19 pandemic had a substantial impact on patients with any diseases and the healthcare system. The strict lockdowns and government regulations intended to slow down the spread of COVID-19 hampered the anesthesia device market. For instance, an article published in PubMed titled 'Routine surgeries during the COVID-19 pandemic: A French nationwide cohort study' in May 2022 stated that there was a marked decrease in four routine surgeries compared to expectations through to at least the first half of 2021, despite the gradual national rollout of the vaccine. Revisions and non-elective interventions also decreased but to a lesser magnitude. The activity was lower than expected in 2020, cataract surgery: 21.9% ; hip arthroplasty: 13.4%; knee arthroplasty: 24.6% ; coronary angioplasty: 11.2% without any catch-up in the first half of 2021. The effect of COVID-19 on surgical procedures is far and wide, going from the labor force and staffing issues, procedural prioritization, and viral transmission hazard intraoperatively.
The surge in the coronavirus virus cases worldwide resulted in the utilization of all available intensive care unit (ICU) ventilators and anesthesia machines for longer-term ventilation of COVID-19 or other critically ill patients. Thus, higher demand of anesthesia drugs and devices during COVID-19 had a positive impact on the growth of anesthesia devices market.
The increasing number of surgical procedures, rise in geriatric population prone to illness, and technological advancements in anesthesia devices are some of the major factors that are expected to drive market growth. For instance, one of the major health issues in France is the growing burden of cancer. According to the data of Global Cancer Observatory 2020, cancer rate for men and women combined was at 422 people per 100,000 in France.
Also, according to the world atlas in 2021, population aged 65 years and above for France was 21.1 %. Population aged 65 years and above of France increased from 13.2 % in 1972 to 21.1 % in 2021 growing at an average annual rate of 0.97%. Therefore, with the aforementioned factors, the demand for anesthesia devices is expected to flourish during the forecast period.
