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The Anesthesia Devices Market is segmented by By Product Type (Anesthesia Machines, Disposables and Accessories), and Geography
2018 - 2026
Fastest Growing Market:
The growth in the geriatric population is likely to result in a significant increase in the demand for the surgeries. The overall increase in the number of surgeries performed has a strong impact on the anesthesia devices market, as anesthetic devices are used in surgical procedures to reduce the pain. The geriatric population is highly prone to degenerative diseases and chronic illnesses, which has caused an increased verge on surgeries and therapeutics. This demands for continuous monitoring, and it is thus expected to drive the growth of the anesthesia devices market. Increasing investments in the market, supporting the technological advancements in anesthesia machines and techniques, are having a major impact on market growth, enabling faster deployment in the healthcare industry.
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.
Anesthesia is one of the most essential components for any surgical procedure. Anesthesia induces temporary unconsciousness and loss of protective reflexes. General anesthetic drugs suppress the activities of the central nervous system and induce a complete lack of sensation.
Anesthesia devices are used to deliver anesthetic agents as well as 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 deliver, control, and monitor the dose of anesthesia.
|By Product Type|
|By Disposables and Accessories|
|Anesthesia Circuits (Breathing Circuits)|
|Endotracheal Tubes (ETTs)|
|Laryngeal Mask Airways (LMAs)|
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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 to aid clinicians to get better insights on their patients, is favoring the market growth.
The introduction of new monitoring techniques, such as monitoring the depth of anesthesia, goal-directed fluid therapy, advanced neurological monitoring, improved alarm system, and technological advancements in objective pain assessment, is driving innovation in the industry. Decision support system (DSS) is another specialty of anesthesia. It is a digitized information receiver and relay center, which, in conjunction with anesthesia information management system (AIMS), helps the clinician in the delivery of health services, simultaneously monitoring the well-being of the patient. Thus, increasing investments which are supporting the technological advancements in anesthesia monitors, are having a major impact on the market’s growth, enabling faster deployment in the healthcare industry.
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North America is expected to dominate the overall market throughout the forecast period. In the North American region, the United States holds the largest market share, and this is due to the rapid increase in a number of diseases, such as obesity, cardiovascular problems, and different types of cancers, which have contributed to the rise in the number of surgeries of both open as well as minimally invasive types. The increase in the number of minimally invasive surgeries for chronic diseases has helped the growth of the anesthesia devices market in the country.
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The anesthesia devices market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. With the rising patient awareness levels and high prevalence of diseases and a rising number of surgeries, few other smaller players are expected to enter into the market in the coming years. Some of the major players of the market are B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Koninklijke Philips NV, and Fisher & Paykel Healthcare, among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Advancements in Anesthesia Delivery and Monitoring Technology
4.2.2 Rise in the Number of Surgical Procedures Requiring Anesthesia
4.2.3 Increasing Prevalence of Chronic Diseases Coupled with Growing Geriatric Population
4.3 Market Restraints
4.3.1 High Cost of Equipment
4.3.2 Difficulties Associated with the Usage of Anesthesia Devices
4.3.3 Reimbursement and Regulatory Issues
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Anesthesia Machines
22.214.171.124 Anesthesia Workstation
126.96.36.199 Anesthesia Delivery Machines
188.8.131.52 Anesthesia Ventilators
184.108.40.206 Anesthesia Monitors
5.2 By Disposables and Accessories
5.2.1 Anesthesia Circuits (Breathing Circuits)
5.2.2 Anesthesia Masks
5.2.3 Endotracheal Tubes (ETTs)
5.2.4 Laryngeal Mask Airways (LMAs)
5.3.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.4 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
5.3.5 South America
18.104.22.168 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Medtronic PLC
6.1.3 Draegerwerk AG
6.1.4 Ambu A/S
6.1.5 Fisher & Paykel Healthcare
6.1.6 GE Healthcare
6.1.7 Koninklijke Philips NV
6.1.8 Mindray Medical International Limited
6.1.9 Smiths Medical
6.1.10 Teleflex Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments