Top 10 Anesthesia Machine Market Players Business Overview with Draeger, GE Healthcare, Covidien, Smiths Medical, Mindray DS USA Inc and Teleflex Inc and Forecasts by 2023

Business Synopsis of Global Anesthesia Machine Market:

The Anesthetic Machine is used to deliver and support anesthesia under the direct supervision of anesthesiologists. The global anesthetic machine market was valued at 9.4 billion in 2016 and which is expected to reach 14.75 billion at a CAGR of 7.8 during the forecast period of 2016 to 2023.

These figures swell when we include other specialties such as trauma and gynecology, which are capturing a broader market. Advancements in anesthesia system technology and the shift away from general anesthesia towards partial anesthesia, coupled with the development of short-acting anesthetics is driving a change in trend. Thus, the predominant continuous flow anesthetic machine or Boyles anesthesia machine is giving way to the intermittent flow anesthetic machine. Another trend catching on is the growing use of computer controlled anesthesia and patient monitoring devices.

The growing number of surgeries performed around the globe is the prime driver of the market. According to estimates, in 2015, approximately 80 million inpatient surgeries were conducted in the U.S. According to Stanford Health Care, the most common anesthetic surgeries were nervous system surgeries, eye, ear and nasal surgeries, respiratory system surgeries, cardiovascular system surgeries, digestive system surgeries, urinary system surgeries, musculoskeletal system surgeries, and skin system surgeries.

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Top 10 Players of Anesthesia Machine Market:

Heyer Medical AG,

Fisher & Paykel Healthcare,

Koninklijke Philips N.V,

Draeger,

GE Healthcare,

Covidien,

Smiths Medical,

Mindray DS USA Inc. and Teleflex Inc.

Anesthesia Machine Market Regional Analysis:

North America commands the most significant share of the market due to a large number of surgeries and sizeable public expenditure on healthcare. The U.S. spends a substantial proportion of the GDP on healthcare, of which approximately 16 % in 2016. However, the recent reimbursement cuts by the government of U.S. may hinder the market.

Europe market is dominated by Germany, France, and the U.K. Owing to the extensive medical device industry of Germany. Poland, Spain, and Italy also have a sizable market share of the European market.

Asia Pacific region is expected to demonstrate the fastest growth for the anesthesia machine market is owing to economic development and developing healthcare infrastructure. China is expected to drive a considerable growth followed by India. The leading domestic players, in China, are Tuoren Medical, Shengguang Medical, and Qiangjian Medical, which account for approximately 16 % of the local market share of China.

The Middle East and Africa are led by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar. The Middle East is a market to watch owing to its high wealth and the development of large hospital complexes in the region such as the King Fahd hospital, Riyadh. The market is however dependent on petrodollar and the expat population, which is a threat to its stability. The kingdom of Saudi Arabia reduced its healthcare spending by 35 percent in the year 2016 to wean the downfall of revenues owing to falling crude oil prices. Saudi Arabia and other Gulf nations spend approximately 75 % of total healthcare expenditure through public budgets which must be seen as a threat as well as opportunity for the private players to capture the domestic market of Gulf economies.

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Table of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

TOC Continued…!

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