Anaesthetic Equipment Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[208+ Pages Report] According to Facts and Factors, the global Anaesthetic Equipment market size was worth USD 11.40 billion in 2021 and is estimated to grow to USD 16.26 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.10% over the forecast period. The report analyzes the anesthetic equipment market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the anesthetic equipment market.

Anesthesia Equipment Market: Overview

Boyle's machine is a common name for anesthetic equipment. This medical care equipment is widely used by anesthesiologists, their assistants, and nurses. During surgical procedures, anesthesia is known to induce unconsciousness as well as low protective reflexes in order to reduce sensation and central nervous system activities. It aids in the management of blood pressure, heart rate, blood flow, breathing, and pain. During the surgical procedure, anesthesia equipment assists in the delivery of anesthetic agents in controlled doses. Furthermore, the growing geriatric population is all over the world, increasing the demand for anesthesia equipment.

In addition, the rising number of different types of surgeries is expected to support the market growth during the forecast period. In surgeries, the demand for continuous monitoring equipment also expanded the market growth during the forecast period. At the same time, the high cost of installation and maintenance, high infection risk, and scarcity of anesthesiologists are the restraints that hamper the market growth during the market growth. Moreover, technological advancements in anesthesia equipment due to concerns regarding safety are anticipated to offer lucrative opportunities for market players in the projected period.

COVID-19 Impact:

The COVID-19 pandemic has impacted the businesses of anesthetic equipment. The COVID-19 pandemic spread throughout the world as strict lock-downs are implemented by governments and shut down companies. Thus, the movement of people is restricted during the covid-19 pandemic. The global anesthetic equipment market is likely to develop considerably during the forecast period. Besides that, the uncertain production and supply of these types of equipment impacted the market growth during the pandemic period.

Key Insights

• The global anesthetic equipment market accounted for USD 11.40 billion in 2021.
• By product, the anesthesia delivery machines segment dominated with accounted significant market share in 2021.
• In 2021, North America accounted largest revenue share of 40%.
• The global anesthetic equipment market is projected to grow at a CAGR of 6.10% from 2022 to 2028.
• By end-user, the hospital’s segment accounted significant amount of market share in 2021.
• The growth factors for the market are the increasing geriatric population throughout the world and the increasing number of surgeries all over the world which drive the market growth during the forecast period.

Growth Drivers

• The growing geriatric population aids the global market growth

The growing geriatric population will almost certainly result in a significant increase in the demand for surgeries. The overall increase in the number of surgeries performed has a significant impact on the anesthetic equipment market, as anesthetic equipment’s are used to reduce pain during surgical procedures. The geriatric population is predisposed to degenerative diseases and chronic illnesses, resulting in an increased reliance on surgical and therapeutic interventions. This necessitates continuous monitoring and is expected to propel the anesthetic equipment market forward. Increasing market investments to support technological advancements in anesthetic machines and techniques significantly impact the market growth, allowing for faster deployment in the healthcare industry.

Restraints

• The high-risk involvement may hamper the global market growth

The risk of contamination caused by the use of anesthetic machines during surgical procedures is a significant limitation for the anesthetic equipment market. This is primarily due to an increase in the number of surgeries and the use of anesthetic equipment, both of which raise the risk of bacterial infections. Anesthetic equipment is frequently infected with microorganisms.

Opportunities

• The advancement in anesthetic equipment by market players brings up several growth opportunities

Most machines currently support a continuous flow anesthetic system, which is designed to manage a continuous and accurate flow of medical gases (such as nitro oxide or oxygen) diluted with a measured concentration of anesthetic gas. Anesthesia system technology ensures that the patient receives an uninterrupted and controlled supply of anesthetic gases. Furthermore, continuous technological advances in anesthetic systems are increasing their adoption in the healthcare industry.

Anaesthetic Equipment Market: Challenges

• The high cost of anesthetic equipment is a global challenge: the high cost of installation and maintenance of anesthetic equipment is a global challenge as it hinders the adoption of these types of equipment by hospitals and other end users.
• The requirement of government certifications and permission is also a barrier for market players, which limits the use of these types of equipment in the healthcare industry as new market players are facing problems making their presence in the global market.

Segmentation Analysis

The global anesthetic equipment market is segregated on the basis of product, application, type, end-use, and region.

By product, the market is divided into anesthesia delivery machines, anesthesia disposables & accessories, anesthesia monitors, and anesthesia information management systems (AIMS). Among these, the anesthetic delivery machines segment dominates the market, accounting for a significant percentage of global sales due to the increasing number of ankle injuries in sports activities. Moreover, during the forecast period, anesthetic delivery machines grew with the highest growth rate due to the rising sports activities in developing countries.

By application, the market is categorized into orthopedics, cardiology, dental, urology, neurology, ophthalmology, and others. During the forecast period, the orthopedics segments dominated the market in revenue generation due to the rising number of orthopedics patients and the increasing number of surgeries supporting the growth of the orthopedics segment.

Report Scope

Recent Developments

• January 2020-Mindray held a virtual launch event for the A9 and A8 anesthesia systems in Europe and other selected regions. These systems will equip anesthesiologists with the tools they need to ensure patient safety from induction to recovery.
• October 2020-Drager debuted its new Altan family of anesthesia workstations at Arab Health 2020, with the goal of making it easier for clinical and biomedical personnel to meet any challenge.

Regional Landscape

• The growing number of patients and presence of market players help North America dominate the global market

North America is expected to dominate the entire market throughout the forecast period. In the North American region, the United States has the largest market share due to the rapid increase in diseases such as obesity, cardiovascular problems, and various types of cancer, both open and minimal surgery. The number of surgeries is increasing. Invasive. The increasing number of minimally invasive surgery for chronic diseases has helped the U.S. market for anesthetic equipment.

In the United States, the burden of illnesses such as cancer and cardiovascular disease is increasing rapidly. According to statistics released in January 2019, almost half of Americans suffer from cardiovascular diseases such as high blood pressure and coronary artery disease, according to the American Heart Association. These diseases often require surgical interventions such as angioplasty and bypass surgery, contributing to increased demand in the anesthesia machine market. In addition, according to GLOBOCON 2020, 2,281,658 new cancer cases were diagnosed in the United States in 2020, killing 612,390 people. The high prevalence of cancer indicates that more cancer-related surgery is needed, and the demand for anesthesia machines in the region will increase.

Competitive Landscape

Key players within the global Anaesthetic Equipment market include

• Teleflex Incorporated
• B. Braun Melsungen AG
• Draegerwerk AG
• Medtronic PLC
• Koninklijke Philips NV
• SunMed
• Fisher & Paykel Healthcare
• G.E. Healthcare
• Pentax
• Becton Dickinson and Company
• Ambu S/A
• Smiths Group plc
• Ventlab
• Verathon Inc.
• Drägerwerk AG & Co. KGaA
• 3M Company
• Airsep Corporation Koninklijke Philips N.V.
• Karl Storz GmbH & Co. K.G.
• Aircraft Medical

The global anesthetic equipment market is segmented as follows:

By Product

• Anesthesia Delivery Machines
• Anesthesia Disposables & Accessories
• Anesthesia Monitors
• Anesthesia Information Management Systems (AIMS)

By Type

• General Anesthesia
• Local Anesthesia

By Application

• Orthopedics
• Cardiology
• Dental
• Urology
• Neurology
• Ophthalmology
• Others

By End-Use

• Hospitals
• Clinics
• Ambulatory Service Centers

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America