Portland, OR, Feb. 10, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Anesthesia Devices Market generated $13.5 billion in 2020, and is projected to reach $28.3 billion by 2030, witnessing a CAGR of 8.1% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Technological advancements in anesthesia monitoring, rise in the number of surgeries, and surge in geriatric population drive the growth of the global anesthesia devices market. However, high equipment & labor cost and regulatory compliances the market to some extent. On the other hand, increase in demand for quality healthcare monitoring presents new opportunities in the upcoming years.
COVID-19 scenario:
- During to the outbreak of the COVID-19 pandemic, the global anesthesia devices market had witnessed challenges due to closure of manufacturing facilities and disruptions in the supply chain, especially during the initial phase.
- For example, delivering devices to end users on time and attending the demand for products became difficult for the industry. This way, the anesthesia devices market has faced a slight negative impact.
The report offers detailed segmentation of the global anesthesia devices market based on drug class, application, distribution channel, and region.
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Based on drug class, the anesthesia delivering machine segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. However, the anesthesia monitors segment is estimated to register the highest CAGR of 9.5% from 2021 to 2030.
Based on distribution channel, the hospitals segment held the largest market share in 2020, holding nearly three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the same segment is projected to register the highest CAGR of 8.7% from 2021 to 2030.
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 10.8% during the forecast period. Other regions discussed in the report include Europe and LAMEA.
Leading players of the global anesthesia devices market analyzed in the research include General Electric, 3M Company, Ambu A/S, Becton, Dickinson and Company, Draegerwerk AG & Co. KGAA., Smith Medical, SunMed, Teleflex Incorporated, Koninklijke Philips N.V., and B. Braun Melsungen AG.
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