Anesthesia Devices Market Segmentation by Key Products, Applications, and Regions, 2021

Anesthesia Devices Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Anesthesia refers to temporary loss on the part of awareness or sensation; especially before operating upon the patient. The factors that propel the growth of the Anesthesia Devices Market include surge in the aged populace across the world, increasing number of surgical procedures, technical progressions and rise in the incidence of chronic disorders. On the other hand, there are factors that may hamper the growth of the market including high maintenance cost of the devices.

The New Cannula Design with Integrated Local Anesthetic Delivery System has emerged as a novel device for reducing the pain of intravenous cannula insertions by mechanically transporting local anesthesia through a small needle prior to the big one. The market may be explored by product type, type, application, end user, and geography. Market may be explored by product type as Advanced Anesthesia Monitors; which may be further explored as Standalone Capnography Monitors, Monitors Measuring Depth of Anesthesia, Anesthesia Gas Monitors and Others, Integrated Anesthesia Monitors and Basic Anesthesia Monitors.

The “Advanced Anesthesia Monitoring Devices” segment led the Anesthesia Devices Market in 2015 and is anticipated to maintain its dominance over forecast period. The factors that could be attributed to the growth of market include durability, accuracy, and reliability of the devices, rise in the incidence of chronic disorders, and growing requirements.

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The market may be explored by type as Local and General Anesthesia. The key applications that could be explored in this market include Neurology, Cardiology, Dental, Urology, Orthopedics, Ophthalmology, and Others. The market could be explored based on end user as Ambulatory Settings, Hospitals, and Others. The “Hospitals” segment led the market in 2015 and is anticipated to maintain its dominance over forecast period. The factors that could be attributed to the growth of market include accessibility of progressive infrastructure and presence of skilled workers in the hospitals.

North America accounted for the major share of the market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high acceptance of technologically advanced products, upsurge in the number of surgical procedures, favorable government funding, well-developed reimbursement network, and increasing health consciousness among population. North America is likely to be followed by the European region.

Some of the key players that fuel the growth of the Anesthesia Devices Market comprise Medical, Inc., Masimo Corporation, Medtronic plc, Infinium, Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Drägerwerk AG & Co., Mindray Medical International Ltd., Schiller AG., and KGaA. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Airway and Anesthesia Devices Market and Application Analysis

26 March 2019, The Global Airway and Anesthesia Devices Market are expected to witness substantial growth over the forecast period on account of the increasing air pollution and respiratory problems among people. The airway devices market is expected to grow considerably as the used in surgeries to pump oxygen and anesthetic gases in the patient’s body to keep him sedated and at the same time maintaining the rate of breathing. The anesthesia devices market is expected to grow substantially owing to increasing rate of surgeries with increasing rate of population. A huge geriatric population base is prone to health related problems such as cardiac disorders and respiratory diseases which act a major driver for the growth of the airway and anesthesia devices market.

According to WHO around 7% of people suffer from respiratory diseases and these diseases grow as the age increases. Growing geriatric population, rising pollution levels in highly developed countries, coupled with high demand for portable & better healthcare facilities is a vital determinant of industry growth. The frequency of respiratory illness that occurs in the form of COPD (Chronic Obstructive Pulmonary Diseases) and OSA (Obstructive Sleep Apnea) are expected to foster the market growth. 

Supportive government initiatives for healthcare are expected to drive the airway and anesthesia devices market. Easy availability of spare parts can help in keeping airway and anesthesia devices smooth & functional, which in turn can also be utilized for maintaining backups. Furthermore, growth in the market is anticipated owing to the technological development which provides improved processing. The focus is on technological development and innovation to manufacturing patient-friendly devices and ease of operation.

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The airway devices market is bifurcated on the basis of functioning into supraglottic airway devices, laryngeal mask airway, prose laryngeal mask airway, ports soft seal laryngeal mask, fast track intubating laryngeal mask airway, esophageal-tracheal combi tube, easy tune, laryngeal tube suction, peri laryngeal airway (cobra), laryngeal tube, slip streamlined pharynx airway liner and elisha. The anesthesia market is classified into two main products into anesthesia machines and anesthesia disposables. The generic anesthesia products include inhalation agents, induction agents, local anesthetics, neuromuscular blockers, analgesia; advanced anesthesia monitors which are further bifurcated into the depth of anesthesia, anesthesia gas monitors and standalone capnography monitors.

In North American market the airway and anesthesia market is expected to grow substantially owing to the increasing geriatric population and high standard of living. The increasing respiratory diseases are another factor leading to the market growth of the region. The market of the Latin American market is anticipated to grow over the forecast period owing to the government initiatives towards improved healthcare facilities of emerging economies such as Brazil and Chile. This is likely to drive the demand of the market. Europe is expected to grow substantially on account of increasing awareness among people and high per capita income in most of the parts of Europe.

Asia Pacific market is expected to grow over the period owing to the increasing population and rising consumer disposable incomes. In countries such as India and Japan governments have shown their interest and have taken initiatives to provide a better healthcare and medical facilities for the people. The market of the Middle East & Africa is expected to grow eventually as the standard of living in most of the countries is comparatively lower than that of the other developing economies. The demand for airway and anesthesia devices is anticipated to witness sluggish growth owing to the above reason. However, UAE and some other developed parts of the market are expected to witness considerable growth on account of high disposable income of consumers and growing respiratory diseases.

The major contributors to the market are GE Healthcare and Covidien, Draegerwerk AG, Fischer & Paykel, ResMed, Getinge Group, Teleflex Inc., Philips Healthcare, CareFusion Corp., Intersurgical Ltd., Smiths Medical Inc., Meditronic plc.

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