Anesthesia Devices - Market Size and Key Trends Till 2021

Anesthesia devices comprises of dosing unit, respiratory device to deliver the anesthetic drug and system for continuously monitoring of patient. These devices have evolved over the time to become more complex, but providing better patient compliance and safety, and reduced physician involvement. The global anesthesia devices market is mainly driven by the increasing number of complicated surgeries being conducted for varied number of disease conditions. New technology anesthesia devices have helped in significantly reducing complications arising post-operative surgery. Hospitals are also adopting latest devices with wireless connectivity to continuously keep a track of patient?s vital parameters and level of sedation. Electronic devices have the potential to emit radio frequency signals that may degrade the images obtained through a magnetic resonance imaging (MRI) scan. Hence special MRI compatible anesthesia devices are also manufactured to maintain sedation in patients.

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Increasing chronic disease prevalence has led to increased number of surgeries globally. Over 422 million individuals were recorded having diabetes in 2014 globally. Australia, China, Russia and China were among the top countries with high hypertension prevalence. The data also stated that over 400 million hypertension patients were found in India and China alone. Hypertension is expected to cause over 7.5 million mortalities globally which accounts for 12.8% of the total mortalities. Cancer is also among the leading causes of deaths globally with approximately 14 million new cases and 8.2 million cancer related deaths recorded in 2012 by the World Health Organization (WHO). With millions of surgeries being conducted annually, the need for better anesthesia devices is high and is expected to increase with a steady pace as prevalence continues to rise.

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Currently western countries with established sophisticated healthcare infrastructure account for larger share of high end devices with integrated monitoring setup and connectivity to wireless technology. Low and middle income countries are currently engaged in minimal hospital expenditure due to economic crisis. Hence preference for refurbished devices is high. Players in the global anesthesia market are now getting involved in strategic agreement for rapid growth. Kimberly-Clark Corporation announced the acquisition of the anesthesia business of Life-Tech, Inc., in 2013. Later in 2016, MEDNAX, Inc. acquired Associated Anesthesiologists of Reno, P.C. private physician group practice. The acquisition would add to the services provided by the company in Nevada across multiple specialties. New products launched recently include Philips IntelliSave AX700 anesthesia machine and IntelliVue MX400 and MX450 patient monitors in 2013. Key players in the market include GE Healthcare, Teleflex, Dr?gerwerk AG & Co. KGAA, Philips Healthcare, Bell Medial, and Smith and Nephew among others.

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