Anaesthesia Devices Market size is expected to grow significantly from 2020 to 2026. Anaesthesia is a state of controlled, short-term loss of awareness or sensation that is specifically included for medical purposes. There are generally three types of anesthesia available in the market such as general, local and regional. All are used for a surgical procedure to determine several factors that will accelerate the business progression over the forthcoming years. Anaesthesia device consist of three major components: a ventilator, an anaesthetic breathing system, and a gas mixing and delivery system.
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Surging implementation of advanced anaesthesia devices along with technological advancements augment the overall anaesthesia market growth. Launch of technologically advanced devices in the industry has further improved the patient’s convenience. Additionally, cost-effective devices are being introduced in the market that fosters anaesthesia devices business growth. The rising demand of anaesthesia devices in numerous applications including cardiology, dental and urology among others increases its demand among the end user industry. Moreover, manufacturers are focusing on the introduction of innovative devices that will surge the demand for anaesthesia devices. Furthermore, several initiatives undertaken by the government in the developing regions to raise awareness among general population will accelerate the overall market progression. However, high costs associated with anesthesia devices may hinder the industry growth.
The anaesthesia devices market is bifurcated into product, application, and end-use. Based on product, the market covers anesthesia delivery machines, anesthesia monitors and anesthesia information management systems (AIMS) among others. Anesthesia monitors segment is anticipated to witness lucrative growth over the analysis timeframe. These monitors are extensively used to record and display the delivery of different anesthetic substances including drugs, fluids and gases of the patient. Furthermore, integration of different functionalities, such as heart rate, blood pressure, carbon dioxide level coupled with data analysis, favors business growth.
The anaesthesia devices market application segment is fragmented into cardiology, dental, urology and orthopedics among others. The dental segment will witness considerable growth during the analysis period. Local anesthesia is preferred to numb the surgical area in several cases of dental surgeries. Additionally, it can be numbed in combination with nitrous oxide to effectively manage patient treatment, thereby accelerating segmental expansion.
End-use segment is further segmented into hospitals, ambulatory surgical centers and others. The hospital segment is anticipated to witness momentous growth during the forthcoming years. Presence of technologically advanced devices and instruments to cater large population base with maximum patient comfort will surge the demand for anaesthesia devices in hospital settings.
North America anaesthesia devices market will account for lucrative revenue share by 2026 owing to increasing prevalence of cardiology, dental and urology in this region. Rising geriatric population base suffering from different types of disorders will propel the regional growth. Moreover, presence of well-established players operating in the market fosters the overall regional growth.
Prominent business players working in anaesthesia devices market share include B. Braun Melsungen, Medtronic, Draegerwerk, Ambu, Fisher & Paykel Healthcare, GE Healthcare, Koninklijke Philips, Mindray Medical International, Smiths Medical and Teleflex. These market players are adopting various growth strategies including acquisitions and mergers to sustain in the market competition. For instance, in 2018, Masimo launched RD SedLine EEG sensor for the specific use with Masimo SedLine brain function monitoring. This novel introduction enhanced the product portfolio of the firm.
Anaesthesia Devices Market By Product, 2015-2026 (USD Million)
By Application, 2015-2026 (USD Million)
By End-use, 2015-2026 (USD Million)
The above information is provided for the following regions and countries: