Anesthesia Device Market

The global anesthesia devices market size was estimated at USD 15.5 billion in 2021 and is anticipated to expand at a CAGR of 9.3% between 2023 to 2032.

Rising geriatric population and latest technological advancement in healthcare sector are expected to drive demand for anesthesia devices across the globe over the coming years. Sharp increase in the number surgeries performed each year will directly impact sale of anesthesia devices as well. These devices are increasingly used during surgical procedures in order to reduce the pain.

Growing geriatric population, particularly in developing economies such as India, South Africa and China, who are highly prone to degenerative diseases and chronic illnesses, is predicted to boost industry growth. Asia Pacific currently contributes major share to the market, owing to the strong economic growth, high senior population and rising per capita income.

The report titled “Anaesthesia Device Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2020 is historic period, 2021 is the base year, and 2023 to 2032 is forecast period.

Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global anaesthesia device market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study.

For instance, GE Healthcare reported revenues of US$ 121.6 Billion in 2018 and the segment and geographic analysis of the company indicates that Aviation is the dominating revenue segment of the company, with the Americas being the major revenue generating region.

The anaesthesia device market study takes into consideration market segmentation based on device type, end user, application, and geography. Based on device type, the market is segmented into anesthesia monitoring systems, anesthesia machine, anesthesia workstation, anesthesia ventilators, and anesthesia disposable and accessories. On the basis of end user, the global anesthesia device market is segmented into hospital, and ambulatory surgical centers. Based on application, the market is segmented into cardiology, neurology, dental, ophthalmology, urology, orthopedics, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on anaesthesia device market. Further, market share of company in the global market would also be calculated. For instance, Medtronic Plc. operates through three business groups namely Cardiac and Vascular Group, Minimally Invasive Therapies Group, and Restorative Therapies Group.

Moreover, the company offers Anesthesia Device under the Restorative Therapies Group business segment which generated a revenue of US$ 7,743 Mn in 2018. The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the anaesthesia device companies. Furthermore, the global anaesthesia device market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.

Product portfolio would focus on all the products under the anaesthesia device market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global anaesthesia device market. For instance in January 2019, Anesthesia Resources ("AR"), a leading anesthesia practice in Phoenix's East Valley Area, has joined National Partners in Healthcare ("NPH"), a national healthcare organization delivering best in class anesthesiology services. AR provides anesthesia services to three hospitals and seven surgery centers. Provident Healthcare Partners ("Provident") served as exclusive financial adviser to Anesthesia Resources. The terms of the transaction were not disclosed.

Major players dominating the global market include B. Braun Melsungen AG, Medtronic plc, Draegerwerk AG, Koninklijke Philips N.V., and Fisher & Paykel Healthcare.

Market Segmentations:

By Device Type

• Anesthesia Monitoring Systems
• Anesthesia Machine
• Anesthesia Workstation
• Anesthesia Ventilators
• Anesthesia Disposable and Accessories

By Application

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

By End Use

• Hospital
• Ambulatory surgical centers

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • India
  • China
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• South America
  • Brazil
  • Rest of South America