Anesthesia Devices Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Anesthesia Devices Market is Segmented by Product Type (Anesthesia Machines, Disposables, and Accessories) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Anesthesia Devices Market Size

Anesthesia Devices Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.11 %

Major Players

Anesthesia Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Anesthesia Devices Market Analysis

The anesthesia devices market is expected to witness a CAGR of 7.11% over the forecast period.

The emergence of the COVID-19 pandemic had a significant effect on the world economy and the healthcare system. Due to the rising number of cases of COVID-19 in the early stages of the pandemic, hospitals across the world canceled all elective procedures. For instance, according to an article published by the Lancet Rheumatology in February 2021, a study in the United Kingdom showed that during the COVID-19 pandemic, many elective surgeries were postponed, and there was a long waiting time for elective surgeries. The cancellation of many surgical procedures had an adverse impact on the market. However, as the pandemic has subsided, elective surgeries are now being conducted normally across the world. Thus, the studied market is expected to have stable growth during the forecast period.

The major factors enhancing the market's growth include advancements in anesthesia delivery and monitoring technology, a rise in the number of surgical procedures requiring anesthesia, the increasing prevalence of chronic diseases, and the growing geriatric population.

The increasing geriatric population prone to chronic diseases is a major factor that is actively affecting the growth of the studied market. For instance, according to the British Heart Foundation Factsheet, published in August 2022, about 7.6 million people are living with heart or circulatory diseases in the United Kingdom. As per the same source, in the United Kingdom, more than half of the people will get a heart or circulatory condition in their lifetime, and around twice as many people are living with heart and circulatory diseases in the United Kingdom than with cancer and Alzheimer's disease combined. It is also estimated that around 48,000 people under the age of 75 in the United Kingdom die from heart and circulatory diseases each year.

A steep rise in the incidences of sports-related and spinal cord injury (SCI) and accidental fracture cases resulted in surgical procedures, thus leading to more usage of anesthesia devices. For instance, according to the National Spinal Cord Injury Statistical Center report in 2022, the annual incidence of traumatic spinal cord injury (SCI) in 2021 is approximately 54 cases per one million people in the United States, which equals about 18,000 new SCI cases each year. The estimated number of people with SCI living in the United States in 2021 is approximately 299,000 persons, with a range from 253,000 to 378,000 persons. Thus, the increasing prevalence of spinal cord injury is expected to increase the demand for surgical procedures, thereby boosting the usage of anesthesia devices.

The increasing technological innovations in anesthesia monitoring technology are also expected to boost the market’s growth. For instance, according to an article published by PubMed Central in July 2022, a study was conducted where an intelligence model was developed that helped in predicting the depth of anesthesia from a single-channel electroencephalograph (EEG) signal. Thus, the development of such newer technologies is also expected to enhance the market’s growth.

Therefore, the rising prevalence of chronic diseases, rising surgical procedures, and increasing development of newer technologically advanced anesthesia products are likely to boost the growth of the studied market during the forecast period. However, the high cost of equipment, difficulties associated with the usage of anesthesia devices, and reimbursement and regulatory issues are expected to hinder the market’s growth.

Anesthesia Devices Industry Segmentation

As per the scope of the report, anesthesia devices are used to deliver anesthetic agents and 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 deliver, control, and monitor the dose of anesthesia.

The anesthesia devices market is segmented by product type (anesthesia machines (anesthesia workstations, anesthesia delivery machines (portable and standalone), anesthesia ventilators, and anesthesia monitors), disposables and accessories (anesthesia circuits (breathing circuits), anesthesia masks, endotracheal tubes (ETTs), laryngeal mask airways (LMAs), and other disposables and accessories)) and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

Product Type
Anesthesia Machines
Anesthesia Workstation
Anesthesia Delivery Machines
Anesthesia Ventilators
Anesthesia Monitors
Disposables and Accessories
Anesthesia Circuits (Breathing Circuits)
Anesthesia Masks
Endotracheal Tubes (ETTs)
Laryngeal Mask Airways (LMAs)
Other Disposables and Accessories
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America

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Anesthesia Devices Market Trends

Anesthesia Monitors Segment is Expected to Register a Significant CAGR During the Forecast Period

Anesthesia monitors help record and display the delivery of anesthetic substances, like gases, drugs, and fluids, to the doctor. During surgeries, these are used to check the patient's 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 in getting better insights on their patients, is favoring the market growth. The rising prevalence of chronic diseases and the growing geriatric population, technological advancements in anesthesia monitors, and the increasing number of surgical procedures are expected to boost the segment's growth.

The increasing number of various surgical procedures worldwide is expected to augment the market's growth over the forecast period. For instance, according to the data published by the International Society of Aesthetic Plastic Surgery in 2021, 12,840,688 surgical aesthetic procedures were estimated to be performed worldwide in 2021. Thus, the high number of surgical procedures is expected to boost the adoption of anesthesia monitors.

Additionally, as per the data World Stroke Organization in 2022, almost 5 million new cases of atrial fibrillation and flutter are diagnosed each year. The prevalence of atrial fibrillation in all ages was expected to reach 60 million in 2022. The high burden of atrial fibrillation is projected to augment the adoption of anesthesia monitors during the surgical treatment process, thus enhancing the segment’s growth.

According to the World Population Prospects 2022, the percentage of the population aged 65 years and older was estimated to be 10% in 2022, and it is expected to reach 16% by 2050. As chronic diseases requiring surgeries are more common in the elderly, the surging geriatric population is projected to propel the market's growth during the forecast period.

Hence, factors such as the rising number of surgical procedures, the increasing prevalence of chronic diseases, and the growing geriatric population are expected to enhance the segment’s growth.

Anesthesia Devices Market: Number of Surgical Aesthetic Procedures Performed by Plastic Surgeons (in millions), Global, By Type, 2021

North America is Expected to Hold a Significant Market Share Over the Forecast Period

North America is expected to hold a significant share of the overall market throughout the forecast period due to the rapid increase in the 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 open and minimally invasive types. The increasing number of minimally invasive surgeries for chronic diseases is boosting the growth of the anesthesia devices market in the region.

For instance, according to the data published by the American Cancer Society in 2023, an estimated 288,300 new prostate cancer cases will be identified in the United States. In addition, according to the same source, about six in 10 cases are diagnosed in men aged 65 or older. Such an increase in the prevalence of cancer is estimated to boost the demand for anesthesia devices for the surgical treatment of cancer, ultimately driving the market's growth in the region.

Similarly, according to the data stated by the Canadian Cancer Society in November 2022, it was estimated that 233,900 people would be diagnosed with cancer in 2022. This incidence growth is largely due to Canada’s growing and aging population. Thus, the growing prevalence of cancer is expected to boost the usage of anesthesia devices, thus driving the market’s growth in the region over the forecast period.

The key developments by various market players are also enhancing the market’s growth in the region. For instance, in October 2022, Intelligent Ultrasound received FDA De Novo approval for the ScanNav Anatomy peripheral nerve block device. This medical device is intended to help anesthetists and other health professionals identify important anatomical structures in ultrasound images before inserting needles to deliver regional anesthesia.

Therefore, owing to the rising prevalence of chronic diseases and the key developments by market players, the studied market is anticipated to witness growth in the region over the forecast period.

Anesthesia Devices Market - Growth Rate by Region

Anesthesia Devices Industry Overview

The anesthesia devices market is moderately competitive and consists of several major players. In terms of market share, few 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 the market in the coming years. Some of the major players include B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Koninklijke Philips NV, and Fisher & Paykel Healthcare.

Anesthesia Devices Market Leaders

  1. Medtronic PLC

  2. Draegerwerk AG

  3. Koninklijke Philips NV

  4. Fisher & Paykel Healthcare

  5. B. Braun SE

*Disclaimer: Major Players sorted in no particular order

Anesthesia Devices Market Concentration

Anesthesia Devices Market News

  • In May 2022, Fisher & Paykel Healthcare Corporation Limited launched two new products developed specifically for use in anesthesia applications. The company released the Optiflow Switch and Optiflow Trace nasal high-flow interface devices into select markets following several years of R&D.
  • In February 2022, Mindray launched the A8 and A9 anesthesia workstations. They are new platforms that elevate traditional anesthesia in the perioperative environment.

Anesthesia Devices Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Advancements in Anesthesia Delivery and Monitoring Technology

      2. 4.2.2 Rise in the Number of Surgical Procedures Requiring Anesthesia

      3. 4.2.3 Increasing Prevalence of Chronic Diseases and Growing Geriatric Population

    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 and Regulatory Issues

    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 (Market Size by Value - USD million)

    1. 5.1 Product Type

      1. 5.1.1 Anesthesia Machines

        1. Anesthesia Workstation

        2. Anesthesia Delivery Machines

          1. Portable

          2. Standalone

        3. Anesthesia Ventilators

        4. Anesthesia Monitors

      2. 5.1.2 Disposables and Accessories

        1. Anesthesia Circuits (Breathing Circuits)

        2. Anesthesia Masks

        3. Endotracheal Tubes (ETTs)

        4. Laryngeal Mask Airways (LMAs)

        5. Other Disposables and Accessories

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.2.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.2.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun SE

      2. 6.1.2 Medtronic PLC

      3. 6.1.3 Draegerwerk AG

      4. 6.1.4 Ambu AS

      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.

      11. 6.1.11 Comen Medical

      12. 6.1.12 Allied Medical Limited

      13. 6.1.13 BPL Medical Technologies

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Anesthesia Devices Market Research FAQs

The Anesthesia Devices Market is studied from 2018 - 2028.

The Anesthesia Devices Market is growing at a CAGR of 7.11% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021 - 2026.

North America holds highest share in 2022.

Medtronic PLC, Draegerwerk AG, Koninklijke Philips NV, Fisher & Paykel Healthcare, B. Braun SE are the major companies operating in Anesthesia Devices Market.

Anesthesia Devices Industry Report

Statistics for the 2023 Anesthesia Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Anesthesia Devices analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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