Market Analysis
The global anesthesia machine market is touted to touch USD 14.75 billion at a favorable 7.8% CAGR over the estimated years (2016-2023). An anesthesia machine simply put, is an apparatus used for delivering patients with general anesthesia during a medical procedure. Through this machine, an anesthetist will administer on the patient mild inhalation sedation having nitrous oxide and oxygen for keeping him/her in the conscious state. The new generation machines provide recording facilities and integrated monitoring with HIS (hospital information system).
There are abundant factors that is propelling the growth of the anesthesia machine market. These factors as per the MRFR (Market Research Future) report include technological advancements in anesthesia system, shift to partial anesthesia from general anesthesia, creation of short-acting anesthetics, increasing use of patient monitoring devices and computer-controlled anesthesia, growing number of minimally invasive surgeries regularly, increasing geriatric population, increasing occurrence of chronic diseases such as cancer, high cholesterol and diabetes, rise in urbanization and industrialization, increase in disposable income, increasing investments made by leading manufacturers, technological developments, constant innovations, growing medical tourism and increasing healthcare sector.
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Miniaturization and portability have resulted in the increasing use of these machines in point of care surgeries. The present-day anesthesia machines unlike those of the yesteryears consume minimal space. Besides, its growing capabilities such as emergency systems (oxygen flush systems), scavenging systems for capturing waste gases, minimal low flow rate and ability of delivering variable flow are also contributing to the market growth. On the contrary, high installation cost and maintenance, risk of infection, scarcity of anesthesiologists, deaths due to overdose and complications mainly pain are factors that may impede the growth of the anesthesia machine market.
Market Segmentation
MRFR report offers a broad segmental analysis of the anesthesia machine market on the basis of type, source, clinical indications, end users, form and distribution.
Based on type it is segmented into intermittent anesthesia machines, anesthesia machines and others.
Based on clinical indications, the anesthesia machine market is segmented into skin system surgeries, musculoskeletal system surgeries, urinary system surgeries, digestive system surgeries, cardiovascular system surgeries, respiratory system surgeries, eye, ear and nasal surgeries, nervous system surgeries and others.
Based on components, it is segmented into disposables, monitors, ventilators, machines and others.
Based on subject, it is segmented into veterinary and human.
Based on dimensions, the anesthesia machine market is segmented into stand-alone anesthesia machines and portable anesthesia machines.
Based on end users, it is segmented into point of care, hospitals and others.
Regional Analysis
By region, the anesthesia machine market covers growth opportunities and latest trends across North America, Middle East and Africa, Europe, Asia Pacific and Rest of the World. Of these, North America will remain the driving force in the market owing to sizeable public expenses on healthcare coupled with growing number of surgeries. The anesthesia machine market in the European region will have the second major share over the estimated years with the UK, France and Germany being the key contributors here. In the APAC region, the anesthesia machine market is expected to grow at the fastest pace due to developing healthcare infrastructure and economic development. China will fuel the growth of the market followed by India. In the Middle East and Africa, the anesthesia machine market is led by Gulf economies of Qatar, Kuwait, UAE, and Saudi Arabia. The market here is to watch for due to high wealth coupled with development of big hospital complexes.
Key Players
Leading players profiled in the anesthesia machine market include Teleflex Inc, Smiths Medical, Covidien, Mindray DS USA Inc., Koninklijke Philips N.V, GE Healthcare, Draeger, Heyer Medical AG, Fisher & Paykel Healthcare and others.
April 2019- In Tanzania, more than 200 health facilities have recently been equipped with extremely high-tech anesthesia machines. This was launched on April 7, 2019 on the occasion of World Health Day through a project worth 3 million dollars by the government in association with Gradian Health Systems, leading medical technology company based in the US. Known as UAM (Universal Anesthesia Machine), it can help in generating medical oxygen and the best part, work without power. This equipment can help to save money, lives and valuable time at the time of the surgery.
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