#anesthesia devices

Anesthesia devices includes monitors, continuous-flow anesthetic machines, anesthetics vaporizers, anesthesia information management system (AIMS), and other disposables such as anesthesia breathing circuits, endotracheal tubes, anesthesia gas masks, and laryngeal mask airway. Anesthesia machines are used to administer anesthesia in patients during surgery. These machines deliver variable gas mixtures, which are then delivered to the breathing systems for administering gases to patients using oxygen mask. Patients are administered a mixture of oxygen, nitrous oxide, and other gases that are regulated by anesthetic machines.

The global anesthesia device market size was valued at US$ 10,571.6 million in 2017, and is expected to witness a CAGR of 7.3% during the forecast period (2018 – 2026).

Figure 1. Global Anesthesia Device Market Value Analysis (US$ Mn) and Y-o-Y Growth (%)

Source: Coherent Market Insights Analysis (2019)

Increasing number of surgical procedures is expected to drive growth of the anesthesia device market

Increasing number of surgical procedures that lead to high demand for anesthesia devices is one of the major drivers for the market growth. For instance, according to Healthcare Cost and Utilization Project, in 2014, around 17.2 million patients visited hospital (ambulatory or inpatient) for invasive and therapeutic surgeries. Of which, 57.8% of surgeries occurred in a hospital-owned ambulatory surgery (AS) setting and 42.2% of surgeries were performed in hospital inpatient settings in U.S..

Moreover, manufacturers are engaged in developing technologically-advanced medical devices, which in turn is contributing to the anesthesia devices market growth. For instance, in January 2019, Mindray Medical International Ltd. launched A-Series Advantage Anesthesia Delivery platform, which is a modular, state-of-the-art family of anesthesia solutions that includes A4, A5, and A7 Advantage systems.

Anesthesia Device Market- Regional Analysis

Regional segmentation of the global anesthesia device market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America anesthesia device market is expected to account for the largest market share, owing to presence of large number of ambulatory surgical centers (ASCs) and hospital inpatient settings in this region. For instance, in 2017, according to Becker’s ASC Review, there were 5,480 Medicare-certified ASCs and 5,564 registered hospitals in the U.S.

Moreover, manufacturers and healthcare organization in this region are focused on spreading awareness among healthcare providers and surgeons about anesthesia devices used in various surgical procedures. For instance, in May 2018, the American Society of Anesthesiologists (ASA) and CAE Healthcare launched interactive, screen-based simulation training product line Anesthesia SimSTAT. Anesthesia SimSTAT – Appendectomy training is designed to offer physician anesthesiologists to manage challenging anesthetic emergencies in patients undergoing laparoscopic surgeries for acute appendicitis.

Presence of major player such as Medtronic plc, Getinge AB, and Draegerwerk AG & Co. KGaA in European countries is expected to drive growth of the Europe anesthesia device market. For instance, in November 2012, Covidien -- minimally invasive therapies division of Medtronic plc. — announced that UK-based National Institute for Health and Clinical Excellence (NICE) has approved the use of its electroencephalography (EEG)-based monitor — Bispectral Index (BIS) monitor— as an option for measuring depth of anesthesia.

Figure 2: Global Anesthesia Device Market Value (US$ Mn), By Region

Source: Coherent Market Insights Analysis (2019)

Anesthesia Device Market - Competitive Landscape

Key players operating in the anesthesia device market include, GE Healthcare, Spacelabs Healthcare., Septodont Inc, Draegerwerk AG & Co. KGaA, Beijing Aeonmed Co., Ltd., HEYER Medical AG, ORICARE, Inc., Philips Healthcare, Becton Dickinson and Company, and Getinge AB.

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Anesthesia devices includes monitors, continuous-flow anesthetic machines, anesthetics vaporizers, anesthesia information management system (AIMS), and other disposables such as anesthesia breathing circuits, endotracheal tubes, anesthesia gas masks, and laryngeal mask airway. Anesthesia machines are used to administer anesthesia in patients during surgery. These machines deliver variable gas mixtures, which are then delivered to the breathing systems for administering gases to patients using oxygen mask. Patients are administered a mixture of oxygen, nitrous oxide, and other gases that are regulated by anesthetic machines.

The global anesthesia device market size was valued at US$ 10,571.6 million in 2017, and is expected to witness a CAGR of 7.3% during the forecast period (2018 – 2026).

Increasing number of surgical procedures that lead to high demand for anesthesia devices is one of the major drivers for the market growth. For instance, according to Healthcare Cost and Utilization Project, in 2014, around 17.2 million patients visited hospital (ambulatory or inpatient) for invasive and therapeutic surgeries. Of which, 57.8% of surgeries occurred in a hospital-owned ambulatory surgery (AS) setting and 42.2% of surgeries were performed in hospitalevices, which in turn is contributing to the anesthesia devices market growth. For instance, in January 2019, Mindray Medical International Ltd. launched A-Series Advantage Anesthesia Delivery platform, which is a modular, state-of-the-art family of anesthesia solutions that includes A4, A5, and A7 Advantage systems.

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Anesthesia Device Market- Regional Analysis

Regional segmentation of the global anesthesia device market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America anesthesia device market is expected to account for the largest market share, owing to presence of large number of ambulatory surgical centers (ASCs) and hospital inpatient settings in this region. For instance, in 2017, according to Becker’s ASC Review, there were 5,480 Medicare-certified ASCs and 5,564 registered hospitals in the U.S.

Moreover, manufacturers and healthcare organization in this region are focused on spreading awareness among healthcare providers and surgeons about anesthesia devices used in various surgical procedures. For instance, in May 2018, the American Society of Anesthesiologists (ASA) and CAE Healthcare launched interactive, screen-based simulation training product line Anesthesia SimSTAT. Anesthesia SimSTAT – Appendectomy training is designed to offer physician anesthesiologists to manage challenging anesthetic emergencies in patients undergoing laparoscopic surgeries for acute appendicitis.

Presence of major player such as Medtronic plc, Getinge AB, and Draegerwerk AG & Co. KGaA in European countries is expected to drive growth of the Europe anesthesia device market. For instance, in November 2012, Covidien -- minimally invasive therapies division of Medtronic plc. — announced that UK-based National Institute for Health and Clinical Excellence (NICE) has approved the use of its electroencephalography (EEG)-based monitor — Bispectral Index (BIS) monitor— as an option for measuring depth of anesthesia. inpatient settings in U.S..

Moreover, manufacturers are engaged in developing technologically-advanced medical devices, which in turn is contributing to the anesthesia devices market growth. For instance, in January 2019, Mindray Medical International Ltd. launched A-Series Advantage Anesthesia Delivery platform, which is a modular, state-of-the-art family of anesthesia solutions that includes A4, A5, and A7 Advantage systems.

Anesthesia Device Market- Regional Analysis

Regional segmentation of the global anesthesia device market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America anesthesia device market is expected to account for the largest market share, owing to presence of large number of ambulatory surgical centers (ASCs) and hospital inpatient settings in this region. For instance, in 2017, according to Becker’s ASC Review, there were 5,480 Medicare-certified ASCs and 5,564 registered hospitals in the U.S.

Moreover, manufacturers and healthcare organization in this region are focused on spreading awareness among healthcare providers and surgeons about anesthesia devices used in various surgical procedures. For instance, in May 2018, the American Society of Anesthesiologists (ASA) and CAE Healthcare launched interactive, screen-based simulation training product line Anesthesia SimSTAT. Anesthesia SimSTAT – Appendectomy training is designed to offer physician anesthesiologists to manage challenging anesthetic emergencies in patients undergoing laparoscopic surgeries for acute appendicitis.

Presence of major player such as Medtronic plc, Getinge AB, and Draegerwerk AG & Co. KGaA in European countries is expected to drive growth of the Europe anesthesia device market. For instance, in November 2012, Covidien -- minimally invasive therapies division of Medtronic plc. — announced that UK-based National Institute for Health and Clinical Excellence (NICE) has approved the use of its electroencephalography (EEG)-based monitor — Bispectral Index (BIS) monitor— as an option for measuring depth of anesthesia.

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