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2024 Anesthesia Disposables Market Report : Market Size, Growth Drivers, And Key Trends
Anesthesia Disposables Global Market Report 2024
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According to The Business Research Company's, The anesthesia disposables market size has grown strongly in recent years. It will grow from $1.07 billion in 2023 to $1.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to surgical procedures, infection control, aging population, patient safety.
The anesthesia disposables market size is expected to see strong growth in the next few years. It will grow to $1.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to minimally invasive procedures, emerging markets growth, regulatory compliance, telehealth and remote consultation. Major trends in the forecast period include eco-friendly disposables, customized solutions, remote monitoring and data integration, advanced drug delivery systems.
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Market Drivers and Trends:
The increase in the aging population leads to increased surgeries driving the anesthesia disposable market. Increasing life expectancies paired with age-related comorbidities have resulted in the growth of the elderly population who undergo surgeries. The prevalence of cardiovascular disease, arthritis, thyroid disease, and emphysema is steadily increasing, which is proportionally increasing the number of surgeries coupled with the growing prevalence of diseases. These diseases are found mainly in elderly people, which is increasing the consumption of anesthesia disposables as they are widely used in surgical procedures and are driving the market in the forecast period.
The demand for cuffed endotracheal tubes (ETTs) in pediatrics is growing as compared to uncuffed ETTs. During pediatric anesthesia, general endotracheal intubation is commonly performed for airway management and positive pressure ventilation. Traditionally, uncuffed endotracheal tubes (ETTs) are recommended for children up to eight years old. But the major disadvantages of the uncuffed ETTs such as an increase in air leakage around the tube, make it difficult to ensure that the child is breathing adequate amounts of oxygen. In addition, the measurement of tidal volume is also compromised. Uncuffed ETTs also allow waste anesthetic gases to escape, contributing significantly to operating room contamination and rendering the anesthetic procedure more expensive. Therefore, the trend is towards increasing the usage of cuffed ETTs for pediatric procedures.
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Major Key Players of the Market:
Ambu A/S, Medline Industries Inc., Smiths Medical, Teleflex Inc., Vyaire Medical Inc., Armstrong Medical Ltd., Hamilton Medical AG, Intersurgical Ltd., Medtronic Plc., Mercury Medical, Fishers and Paykel Healthcare Limited, Draegerwerk AG & Co. KGaA, B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, Cardinal Health Inc., Cook Medical LLC, Flexicare Medical Limited, GE Healthcare, Halyard Health Inc., Hill-Rom Holdings Inc., Integra Lifesciences Holdings Corporation, Intuitive Surgical Inc., Johnson & Johnson, Koninklijke Philips N.V., Masimo Corporation, Mindray Medical International Limited, Nihon Kohden Corporation, ResMed, Terumo Corporation, Vygon S.A., Westmed Inc., WILMarc Medical, Xiamen Compower Medical Tech Co. Ltd.
Anesthesia Disposables Market 2024 Key Insights:
• The anesthesia disposables market size is expected to see strong growth in the next few years. It will grow to $1.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Increase In Aging Population Fuels Anesthesia Market
• Technological Advancements With The Adoption Of Cuffed Endotracheal Tubes (ETTS) In Anesthesia Market
• Asia-Pacific was the largest region in the global anesthesia disposables market in 2023
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