Anesthesia Machines Market - Global Industry Analysis 2024.
Ratio controller usually operates on the pneumatic principle. It interlocks between the vaporizers preventing inadvertent administration of more than one agent concurrently. An anesthesia cart holds an extra IV push meds anesthesia. Its pipeline gas hoses have non-interchangeable valve connectors, which prevents plugging into the wrong wall socket. Anesthesia machines are used to support the administration of anesthetic drug. With the help of this machine, anesthetists administer mild inhalation sedation with oxygen and nitrous oxide to keep patients in a conscious state.
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Increasing prevalence of chronic diseases, aging population, and technological advancement are likely to drive the anesthesia machines market. According to the U.S. Department of Commerce (2012), global population reached 7 billion, out of which 562 million were aged 65 and above. In 2015, the geriatric population rose by 55 million and the proportion of the population reached 8.5% of the total population. Increase in minimal invasive surgeries, rising health care expenditure, and medical tourism are other factors propelling the global anesthesia machines market. On the other hand, lack of skilled and trained anesthesiologists is expected to hamper market growth.
The anesthesia machines market has been segmented based on product type, end-user, and region. In terms of product type, the anesthesia machines market has been classified into machines and consumables. The anesthesia machines segment has been classified into anesthesia workstations, anesthesia ventilators, anesthesia monitors, and anesthesia delivery machines. The anesthesia delivery machines segment has been categorized into anesthesia portable delivery machines and anesthesia standalone delivery machines. The anesthesia disposables segment has been classified into anesthesia masks and anesthesia accessories. The anesthesia machines segment holds the largest share of the market. In terms of anesthesia machine, the anesthesia workstation sub-segment holds the largest share of the market. Increasing various surgery procedures boosts the anesthesia machines market. In terms of end-user, the anesthesia machines market has been classified into hospitals, specialty clinics, ambulatory surgical centers, and others. The hospitals segment dominates the market as various surgical procedures take place in hospitals and availability of the anesthesiologists.
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Geographically, the anesthesia machines market has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominates the anesthesia machines market due to higher per capita income, technological advancement, large geriatric population, and advanced health care infrastructure. North America includes the U.S. and Canada. The U.S. holds a major share of the market in North America. Europe is the second largest market for anesthesia machines due to increasing number of invasive surgeries. Asia Pacific is expected to grow at a higher rate driven by increasing health care awareness, rising disposable income, rapid growing population, and favorable health care insurance coverage.
Major players operating in this market include Carefusion Corporation, Covidien plc, Dragerwerk AG & Co. KGaA, Getinge Group, Fisher & Paykel Healthcare, GE Healthcare, Philips Healthcare, Smiths Medical, DRE Medical, Inc., Teleflex Incorporated, and Masimo Corporation among others.
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