Global Anesthesia Machine Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rising number of medical surgeries, growing healthcare technologies and increasing prevalence of chronic diseases are driving the growth of Global Anesthesia Machine Market.
Global Anesthesia Machine Market is valued at USD 1619.2 Million in 2020 and expected to reach USD 2402.6 Million by 2027 with a CAGR of 5.8% over the forecast period.
The anesthesia machine is a complex device which releases gas mixture slowly and precisely in order to keep patient unconscious for required period of time. This machine is licensed only to hospitals and research centers. Anesthesia machine is usually used in hospitals ICU so that patient doesn’t feel any pain and discomfort during surgeries. The machine is usually bought both online and offline after appropriate submission of license and documents. Some advance machine does come with touch screen monitor and heartbeat sensor. The main motivation behind these machines is to give oxygen and patient ventilation. An anesthesia machine is a vital part of clinic care system and is likewise viewed as one of the essential medical tool in nursing homes and mobile units. Modern anesthesia machines incredibly increment patient wellbeing. The utilization of computer-controlled anesthesia machines is an arising pattern in the anesthesia machines market. Computer-controlled anesthesia machines help in decreasing the patient's pain during surgeries and furthermore give features like alerts to advise if instance of an emergency or reinforcement needed to switch the defected pipeline or cylinder. First anesthesia machine was developed by Coxters Company in 1912. This machine can easily regulate amount of anesthetic gas to be supplied to patient in required concentration and hence is preferred over traditional anesthetic injections.
During Covid-19 pandemic, the careful steps taken by governments of different nations have led the temporary suspension of organizations and various manufacturing companies. Number of medical procedures got cancelled or postponed to reduce the risk of COVID-19 infection may hamper the anesthesia machine market. However, the development is primarily because of utilization of anesthesia machines being changed over to ventilators to help the patients infected by COVID-19 and has spiked the demand for the apparatus.
Global anesthesia machine market is segmented on the basis of types, application, end-user and region & country level. Based upon type, anesthesia machine market is classified into standalone and portable machine. Based upon application, the market is divided into delivery machine, workstation, ventilators and monitors. Based upon end-users, anesthesia machine market is classified into clinics, hospitals, surgical ambulatory centers and nursing facilities.
The regions covered in this global anesthesia machine market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of anesthesia machine is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some major key players for global anesthesia machine market report cover prominent players Medtronic PLC, Draegerwerk AG, like B. Braun Melsungen AG, Koninklijke Philips NV, and Fisher & Paykel Healthcare, Eleflex Incorporated, Covidienplc, Smiths Medical, and Masimo Corporation and others.
News: Device Manufacturer Launched New Anesthesia Machines
On October 16th, 2020; Mindray announced to launch its new A8 and A9 anesthesia machines in the UK market. The element expands the window of therapeutic activity for anesthetists by delaying safe oxygenation levels, permitting as long as 30 minutes of safe oxygenated apnoea time. Both the A8 and A9 are the main devices in the business to have incorporated high stream nasal cannula (HFNC) innovation inside the anesthesia machine. Information from a wide range of outer monitoring modules, for example, bispectral record, neuromuscular transmission and intravenous imaging, can be consistently incorporated and shown by the new devices with no additional monitoring screens.
Rising Number of Medical Surgeries, Growing Advancements in Healthcare Technologies and Increasing Prevalence of Chronic Diseases are Some of the Major Factors Driving the Market Growth
One of the major factors driving the growth of global anesthesia machine market is rising number of medical surgeries. With the expanding number of chronic diseases like nervous disorders, cataract, oral problems, muscle fix and stomach diseases that require medical procedures, the utilization of anesthesia machines has also expanded. For instance; as per an article published by the British Journal of Anesthesia, a yearly normal of 7.9 million surgeries (inclusive class), 5.1 million methodology (intermediate class) and 1.5 million techniques (restrictive class) were acted in clinics in the UK. In addition, growing advancements in healthcare technologies is also fostering the market growth. However, lack of skilled and trained anaesthesiologists as well as huge cost of installation and maintenance may hamper the growth of global anesthesia machine market. In spite of that, development of automated and less costly anesthesia machine can offer more opportunities for the further growth of the global anesthesia machine market.
North America is Expected to Dominate the Global Anesthesia machine Market
In the basis of region, the global anesthesia machine market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global anesthesia machine market within the forecast period owing to the increased number of surgeries, highly advanced healthcare infrastructure, growing prevalence of chronic diseases and high investment in research & development in healthcare in this region. For instance; according to CDC, about 58% of Americans have at least one chronic disease, 27% have multiple chronic diseases and 80% of population is on medications. Heart disease, cervical cancer, Alzheimer’s disease and high blood pressure are common and leading chronic disease in this region. Also rising technological advancement may drive the market in the region. In December 2020, Smiths Medical declared the dispatch of its EchoGlo fringe nerve block portfolio, an arrangement of pain management items that offer clients a total solution for local anesthesia from the pump to the patient.
Asia Pacific is expected to witness a significant growth in global anesthesia machine market due to rising investment by various organizations and presence of large patient pool in this region. For instance, according to WHO, FDI investment in Indian medical equipment sector for last four year has grown by 25%.
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