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Anesthesia Devices Market - Growth, Trends, and Forecast (2019-2024)

The Anesthesia Devices Market is segmented by Anesthesia Machines, Disposables and Accessories, and Geography

Market Snapshot

Anesthesia Devices Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The anesthesia devices market was valued at USD 9,812.9 million in 2018, and it is expected to reach USD 14,783.0 million by 2024, with an anticipated CAGR of 7.11%, during the forecast period, 2019-2024.

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 the 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.

Scope of the Report

As per the scope of this study, anesthesia devices are 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
Portable
Standalone
Anesthesia Ventilators
Anesthesia Monitors
By Disposables and Accessories
Anesthesia Circuits (Breathing Circuits)
Anesthesia Masks
Endotracheal Tubes (ETTs)
Laryngeal Mask Airways (LMAs)
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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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 to aid clinicians to get better insights on their patients, is favoring the market growth.

The geriatric population is expected to reach 1,402.4 million by 2030, with the increasing life expectancy to 78.74 years (the United States). This is expected to have an indirect impact on the demand for anesthesia monitors.  

Anesthesia Devices Market

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North America Dominates the Market and Expected to do Same in the Forecast Period

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.

Anesthesia Devices Market

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Competitive Landscape

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.

Major Players

  1. B. Braun Melsungen AG
  2. Medtronic PLC
  3. Draegerwerk AG
  4. Koninklijke Philips NV
  5. Fisher & Paykel Healthcare

* Complete list of players covered available in the table of contents below

Anesthesia Devices Market

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 Technological Advancements in Anesthesia Technology

      2. 4.2.2 Increasing Geriatric Population and a Rise in the Number of Surgical Procedures Requiring Anesthesia

      3. 4.2.3 Large Patient Pool Due to Chronic Diseases

      4. 4.2.4 Increasing Disposable Incomes in Emerging Markets

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Equipment

      2. 4.3.2 Difficulties Associated with the Usage of Anesthesia Devices

      3. 4.3.3 Reimbursement Issues in Developing Economies

    4. 4.4 Porter's Five Forces 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

          1. 5.1.1.2.1 Portable

          2. 5.1.1.2.2 Standalone

        3. 5.1.1.3 Anesthesia Ventilators

        4. 5.1.1.4 Anesthesia Monitors

    2. 5.2 By Disposables and Accessories

      1. 5.2.1 Anesthesia Circuits (Breathing Circuits)

      2. 5.2.2 Anesthesia Masks

      3. 5.2.3 Endotracheal Tubes (ETTs)

      4. 5.2.4 Laryngeal Mask Airways (LMAs)

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East & Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East & Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Medtronic PLC

      3. 6.1.3 Draegerwerk AG

      4. 6.1.4 Ambu A/S

      5. 6.1.5 Fisher & Paykel Healthcare

      6. 6.1.6 GE Healthcare

      7. 6.1.7 Koninklijke Philips NV

      8. 6.1.8 Mindray Medical International Limited

      9. 6.1.9 Smiths Medical

      10. 6.1.10 Teleflex Inc.

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

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

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