Anesthesia Machines Market to Reach $2,168 million by 2025

Progressive Markets published a report, titled, Anesthesia Machines Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2016-2025, which projects that the market was valued at $1,315 million in 2016, and is expected to reach $2,168 million by 2025, registering a CAGR of 5.9% from 2017 to 2025.

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Anesthesia machines is an apparatus used for administering anesthesia to patients undergoing medical procedures by trained personnel. These machines dispense varying proportions of a mixture of gases and vapors to control a patient's consciousness level, analgesia, or both during surgeries. These machines perform four essential functions, namely providing oxygen, accurately mixing anesthetic gases and vapors, facilitating patient ventilation, and minimizing anesthesia-related risks to patients and staff. Anesthesia monitors, anesthesia machines, anesthesia masks, and anesthesia accessories are some of the commonly used anesthesia equipment in the medical sector, especially ambulatory surgical centers, clinics, hospitals, and other nursing facilities.

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The report offers a comprehensive analysis of the global anesthesia machines market, including the market size, share, segmentation, forecast, drivers, restraints & opportunities; and key market players along with their profiles. The report aims at catering to various stakeholders, including market players, investors, industry leaders, and others, who wish to understand the latest trends, current market scenario, and latest technologies used in the industry. In addition, the study would assist them to understand the top 10 players along with the growth strategies adopted by them for better industry benchmarking.

The report provides information about the factors that drive or hamper the adoption of anesthesia machines market. The market is driven by the shift in preference of consumers from hospital care devices to home healthcare devices. Moreover, the increase in the number of surgeries across the globe has fueled the demand for anesthesia devices in the recent years. Furthermore, increase in geriatric population is expected to supplement the growth of the market in the near future. However, a dearth of skilled, trained anesthesiologists is expected to a key restraint for the growth of the market.

The report analyzes the global anesthesia machines market based on type, end user, and geography. Based on the type, the market is classified into standalone anesthesia machines and portable anesthesia machines. It is projected that about 1,731 hundred units of standalone anesthesia machines are expected to be sold by 2025. Based on the end user, the market is classified into hospitals, ambulatory surgical centers, clinics, and nursing facilities. The hospital's segment is expected to account for $1,341 million by 2025. Based on geography, the market is divided into North America, Europe, Asia-Pacific, and LAMEA.

The report includes the profiles of leading players in the anesthesia machines market, including Philips Healthcare, Fisher & Paykel Healthcare, Dragerwerk AG & Co. KGaA, CareFusion Corporation, Getinge Group, DRE Medical, Inc., GE Healthcare, Teleflex Incorporated, Covidien plc, Smiths Medical, and Masimo Corporation among others. The report includes detailed information about the impact of factors, including driver, restraints, and opportunities on the growth of the market.

The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.

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This release was published on openPR.