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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