New Study: Anesthesia Devices Market Value Expected to Grow $15,463 Mn by 2023
A new report "Anesthesia Devices Market by Product, Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023" published by Allied Market Research. The global anesthesia devices market was valued at $9,563 million in 2016, and is projected to reach $15,463 million by 2023, registering a CAGR of 7.1% from 2017 to 2023. The anesthesia delivery machine segment dominated the global market, accounting for a share of nearly half of the total market in 2016.
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Anesthesia is a medical procedure that is used to control pain during the course of a surgery. It is provided through pharmaceutical drugs called anesthetics with the help of anesthesia devices. Anesthesia devices are used during various surgical procedures, such as ophthalmology, dental, cardiology, and neurology for sedation to control breathing, blood pressure, blood flow, heart rate & rhythm, and manage pain.
The anesthesia devices market is driven by increase in number of surgical procedures globally, advancements in technology, and rise in geriatric population, which are prone to surgical procedures. However, the high cost of the anesthesia devices poses as a major hindrance to the growth of the market. Emerging nations, such as LAMEA and Asia-Pacific, are expected to serve major opportunities to the manufacturers of anesthesia devices.
The anesthesia delivery machine segment accounted for the major share in the anesthesia devices market, and is expected to continue its dominance throughout the forecast period. This segment is expected to grow at a CAGR of 6.3% from 2017 to 2023, owing to high adoption of these devices during the surgical procedures.
Key Findings of the Anesthesia Devices Market:
• The anesthesia disposables & accessories segment is projected to grow at CAGR of 8.0% during the forecast period.
• North America accounted for a dominant position in the regional landscape, in 2016, occupying two-fifths of the total market.
• In 2016, the anesthesia delivery machines segment accounted for a share of nearly half of the total anesthesia devices market.
• The ambulatory service centers segment accounted for around two-sevenths share of the global anesthesia devices market, by end user, in 2016.
In 2016, North America accounted for a share of nearly two-fifths of the global market, owing to the increase in number of surgical procedures and high adoption of technologically advanced products. Europe holds the second position in the global anesthesia devices market.
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The major companies profiled in the report includes GE Healthcare, Becton Dickinson and Company, Smiths Group plc., Ambu S/A, Teleflex Incorporated, Ventlab, Drgerwerk AG & Co. KGaA, SunMed, 3M Company, and Airsep Corporation.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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