India Anesthesia Devices Market Size, Trends, Analysis of Top Companies like GE Healthcare, Becton, Dickinson & Company, Astra Zeneca PLC

The Indian anesthesia devices market is estimated to register a CAGR of 12.2% during the forecast period. The market was valued at approximately USD 494 million for 2018. It is expected to register a value of USD 975.5 million by 2024. The primary growth factor for the market is the increasing disposable income and increasing per capita income of Indians.

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Scope of the Report
Anesthetic devices or anesthesia respiratory devices comprise a dosing unit, a respiratory device, and the monitoring for both the device and patient. The Indian anesthesia devices have been segmented by type of anesthesia devices and type of accessories and disposables.

Competitive Landscape
The vendors in the anesthesia market offer a broad range of anesthesia and respiratory devices. Additionally, the introduction of low priced multi-featured devices is increasing the product competition in the market, within the manufacturers. The key players operating the market of anesthesia and respiratory devices include GE Healthcare, Becton, Dickinson & Company, Astra Zeneca PLC, etc.
India has a large base of domestic medical device manufacturers who are capable of supplying low-cost alternative anesthesia devices, thereby increasing the overall competition in the market.

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Key Market Trends
On the basis of Type of Anesthesia Devices, Anesthesia Machine segment held the largest market share in 2018
Anesthesia machines dominated the Indian anesthesia devices market in 2018, while the anesthesia monitors market is expected to exhibit the highest growth rate over the forecast period. Anesthesia machines are expensive capital equipment and generate the highest revenue per unit volume when compared to other anesthesia devices, which is the primary reason for its largest market share.

On the basis of Type of Accessories and Disposables, Anesthesia Circuits held the largest market share in 2018
On the basis of the type of accessories and disposables, anesthesia circuits also known as breathing circuits led the market in 2018. The large share of anesthesia circuits is attributable to the increasing geriatric population in the region which has a higher propensity for pulmonary disorders. Breathing circuits are ideal interventions for patients with advanced levels of pulmonary disability as it delivers gas to the patient, removes expired gas, and controls the temperature and humidity of the inspired mixture. Anesthesia circuits allow spontaneous, controlled, and assisted respiration.

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This release was published on openPR.