Global Anesthesia Equipment Market Analysis Report 2023

Global Anesthesia Equipment Market

Dublin, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The "Global Anesthesia Equipment Market by Type (Anesthesia Devices (Workstation, Ventilators, Monitors), Disposables (Circuits, Endotraceal Tubes)), Application (Orthopedics, Neurology, Urology), End-user (Hospitals, Clinics, ASC) and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global anesthesia equipment market is on an upward trajectory, poised to soar from USD 8 billion in 2023 to a projected USD 11 billion by 2028, representing an impressive CAGR of 6.7%

Driving this surge are the relentless strides in technological innovation within anesthesia equipment, a surge in surgical procedures, and the expanding prevalence of chronic disorders. Amidst these catalysts, challenges emerge in the form of unfavorable healthcare system reimbursements and a scarcity of medical professionals, contributing to a tempering effect on market expansion.

However, the integration of novel technologies, such as wireless communication, has revolutionized anesthesia delivery control and patient monitoring during procedures. Notably, the application of artificial intelligence, particularly machine learning, demonstrates significant potential to reshape the landscape, ushering in enhanced patient care.

With numerous recent advancements dedicated to bolstering patient safety, optimizing efficiency, and curbing healthcare costs, the horizon of the anesthesia equipment sector is illuminated with promise.

Esteemed industry players, including GE Healthcare, Dragerwerk Ag & Co. KGAA, Koninklijke Philips N.V., Ambu AS, and Medline Industries Inc., stand at the forefront of shaping this evolving landscape.

Anesthesia workstations segment accounted for a larger share of the anesthesia devices market

In 2022, the anesthesia workstations segment accounted for a larger share of the anesthesia devices market. This segment is also estimated to grow at a higher CAGR during the forecast period. Growth in this segment can primarily be attributed to the increasing number of surgical procedures and technological advancements.

The cardiology will grow at highest CAGR during the forecast period

Based on application, the cardiology will grow at highest CAGR during the forecast period. Growth in this segment can primarily be attributed to the increasing prevalence of cardiovascular diseases, the growing demand for cardiac surgeries.

Asia-Pacific will grow at highest CAGR during the forecast period

In 2022, Asia-Pacific will grow at highest CAGR during the forecast period. Major factors driving the growth of this market are the existence of a well-developed healthcare system in Japan with universal health insurance coverage and the focus of countries such as China and India on healthcare infrastructure improvements to serve large populations of patients with critical illnesses, including cancer and tumors.

Key Attributes:

Report Attribute

Details

No. of Pages

219

Forecast Period

2023 - 2028

Estimated Market Value (USD) in 2023

$8 Billion

Forecasted Market Value (USD) by 2028

$11 Billion

Compound Annual Growth Rate

6.7%

Regions Covered

Global

Premium Insights

Rising Number of Surgical Procedures to Drive Market

Anesthesia Devices Segment in Japan Accounted for Largest Market Share in 2022

China to Grow at Highest CAGR During Forecast Period

Europe Accounted for Largest Market Share in 2022

Emerging Economies to Register Higher Growth Rates During Forecast Period

Market Dynamics

Drivers

Rising Technological Advancements in Anesthesia Equipment

Increasing Number of Surgical Procedures

High Prevalence of Chronic Diseases

Restraints

Unfavorable Reimbursements Across Healthcare Systems

Opportunities

Growth Opportunities in Emerging Economies

Challenges

Budgetary Constraints in Hospitals

Shortage of Skilled Medical Professionals

Industry Trends

Technological Advancements for Improved Patient Safety

Growing Preference for Portable and Lightweight Anesthesia Devices

Regulatory Analysis: Bodies, Government Agencies, and Other Organizations

North America

US

Canada

Europe

Rest of the World

Patent Analysis

Patent Publication Trends for Anesthesia Equipment

Anesthesia Equipment Market: Global Patent Publication Trends (2015-2023)

Top Applicants for Anesthesia Equipment Patents (2015-2023)

Jurisdiction Analysis: Top Applicants (Countries) for Patents

Company Profiles

Key Players

Koninklijke Philips N.V.

Ambu A/S

Dragerwerk AG & Co. KGaA

GE Healthcare

Beijing Aeonmed Co. Ltd.

Medtronic PLC

Getinge AB

Becton, Dickinson and Company

Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Fisher & Paykel Healthcare Co. Ltd.

Medline Industries, Inc.

Shenzhen Comen Medical Instruments Co. Ltd.

Allied Medical Limited

BPL Medical Technologies

Medec International BV

Skanray Technologies Ltd.

Other Companies

Meditec International England Ltd.

Penlon Limited

Spacelabs Healthcare

Teleflex Incorporated

Sunmed

Infinium Medical

Intersurgical, Ltd.

Nihon Kohden Corporation

Avasarala Technologies Limited

Axcent Medical GmbH

For more information about this report visit https://www.researchandmarkets.com/r/k7ej5g

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Global Anesthesia Equipment Market