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Epidural Anaesthesia System Market Projected to Witness Vigorous Expansion by 2025
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Based on component, the market is segmented into epidural catheter, needles and accessories. Epidural catheter is widely used due to its long term durability and efficiency. Based on end user, the global epidural anesthesia system market has been segmented into hospitals, clinics, ambulatory surgical centers and long term care center.
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Hospitals are expected to contribute highest share in the global epidural anesthesia system market due to large scale prescription of medication for the treatment of cardiovascular diseases. With rapid technological advancement, aging population, and rise in the number of surgical procedures around the globe, the global epidural anesthesia systems market is expected to have healthy growth rate in the forecast period
On the basis of regional presence, global epidural anesthesia system market is bifurcated into North America, Europe, Asia and LAMEA. North America and Europe are the leaders in epidural anesthesia system market due to stringent regulations and unfavorable government regulation and taxation polices. Cardiovascular diseases has rising incidences outside the U.S. and includes the countries, namely UK, Canada, Australia, New Zealand and Ireland.
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Asian economies are emerging as dominating markets for epidural anesthesia system mainly due to high healthcare awareness amongst the people and augmented disposable income. Amongst the Asian countries, India and China are growing with a gradual rate mainly due to their large population and increased number of hospitals.
Some of the players operating in global epidural anaesthesia system market are B. Braun Inc., Becton Dickinson Company, Getinge Group, Draegerwerk AG, Fischer & Paykel, ResMed, Teleflex Inc and Edenvridge Pharmaceuticals among others. Many of these companies are focusing on the development of epidural anesthesia system that can reduce the pain and other side effects.
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