Anesthesia Devices Market Growing Demand for Anesthesia Monitors Devices across the Globe

According to Precision Business Insights (PBI), the latest report, the Anesthesia Devices market was valued at USD 15,402.9 million in 2022 and is expected to grow at a 7.4% CAGR from 2023 to 2029. The primary drivers of the expansion of the global anesthesia devices market include the increasing prevalence of chronic disease and the increasing number of surgeries. In addition, technological advancements in the anesthesia devices is expected to boost the growth of the anesthesia devices market.

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Anesthesia Monitors Segment is expected to Dominate the Anesthesia Devices Market:
Based on the product type, the global anesthesia devices market is segmented into anesthesia delivery machines, anesthesia disposables & accessories, anesthesia monitors, and anesthesia information management systems. The anesthesia monitors segment is expected to account for a larger revenue share in the global anesthesia devices market. Anesthesia monitors are used to record and display the delivery of aesthetic substances such as drugs, fluids, and gases in a patient's body. The Anesthesia devices are used to check and monitor patient's health during surgeries. Modern anesthesia devices come integrated with heart rate, carbon dioxide level, blood pressure, and oxygen saturation level for better monitoring of patient's health. These factors are expected to boost the market growth in this segment over the forecast period.

The anesthesia devices market is segmented based on product, application, end-user, and geography.
Based on the product, the market is segmented into the following:
• Anesthesia Delivery Machines
• Anesthesia Disposables & Accessories
• Anesthesia Monitors
• Anesthesia Information Management Systems

Based on the application, the market is segmented into the following:
• Cardiology
• Neurology
• Dental
• Ophthalmology
• Urology
• Orthopedics
• Others

Based on the end-user, the market is segmented into the following:
• Hospitals
• Clinics
• Ambulatory Service Centers
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

The Asia Pacific anesthesia devices market is expected to increase over the forecast period due to the increasing prevalence of chronic disorders such as cardiovascular disease, obesity, and different types of cancer leading to an increasing number of surgeries in this region. For instance, in January 2019, according to American Heart Association's report, almost half the population of Americans had some cardiovascular diseases such as coronary heart disease, and hypertension. Owing to the increase in diseases, the number of surgeries is also expected to increase over the forecast period thus increasing the demand for anesthesia devices market in this region.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Anesthesia Devices market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the anesthesia devices market report are General Electric, 3M Company, Ambu A/S, Becton, Dickinson, and Company, Draegerwerk AG & Co. KGAA., Smith Medical, SunMed, Teleflex Incorporated, Koninklijke Philips N.V., B. Braun Melsungen AG.

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This release was published on openPR.