Anesthesia Machines Market is expected to reach US$ 12,587 Mn by 2022

Fact.MR has recently added a new report to its vast online database. This research study is titled as “Anesthesia Machines Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.

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Anesthesia machines are usually operated by medical professionals who hold expertise in anesthesiology. An anesthesia machine is an integral part of hospital care system and is also considered one of the essential medical apparatus in nursing homes and ambulatory units. Modern anesthesia machines greatly increase patient safety. Over the years, these machines have undergone relentless technological transformation. Oppose to the conventional pneumatic systems, the contemporary versions are more sophisticated, fully-integrated and computer-based. As the global population continues to surge, more number of minimally invasive surgeries are taking place in a day-to-day basis, which is reflecting favourably on the global sales of anesthesia machines. Moreover, incessant technological advancements in anesthetic systems is boosting their adoption in the healthcare industry. The increasing geriatric population and rising prevalence of chronic disorders such as diabetes, high cholesterol, and cancer is expected to influence the global anesthesia machines market in the near future.

The anesthesia machine or Boyle's machine is a medical care equipment used by anesthesiologist assistants, anesthesiologists and nurse anesthetists to facilitate the administration of anesthesia. Currently, most machines support the continuous-flow anesthetic system, which is designed to manage a continuous and accurate flow of medical gases (such as nitro oxide or oxygen), diluted with a measured concentration of anesthetic gas. Anesthesia machines ensure uninterrupted and controlled supply of anaesthetic gases to the patient. Modern machines are integrated with patient monitoring devices, suction unit and ventilator.

Fact.MR’s report projects that this market will register an above-average CAGR during the forecast period (2017-2022) to surpass a valuation of US$ 12,587 Mn. Factors such as rising healthcare expenditure, growing medical tourism and higher rates of surgical procedures will support the growth of the market.

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Following takeaways from Fact.MR’s Forecast on the global market for anesthesia machines will play a significant role in market’s future development

· Increase occurrence of chronic ailments such as cancer, high cholesterol and diabetes coupled with the expanding pool of the geriatric population is projected to propel the overall growth of the market.

· The anesthesia machines market in North America currently accounts for the global market. In addition, North America is expected to remain one of the most attractive market for anesthesia machines over 2022 and reflect a CAGR of over 5%. This is owing to rapid adoption of cutting-edge medical care technologies in the region.

· Demand for anesthetic machines in Asia Pacific excluding Japan (APEJ) is also projected to surge at a significant rate during the forecast period. Growing disposable income and rising healthcare awareness among consumers is playing a crucial role in adoption of the anesthesia machines in the hospitals and clinics in the region.

North America to Remain at the Forefront of the Global Anesthesia Machines Market

The anesthesia machines market in North America is expected to retain its top position over 2022. This is primarily owing to the high adoption rate of advanced medical care systems including anesthesia machines. North America’s anesthesia machines market is projected to expand at a CAGR of 5.6% over the forecast period. Meanwhile, the market is also expected to witness a considerable growth in Asia Pacific excluding Japan (APEJ) region. Increasing healthcare awareness and rising disposable income in emerging countries such as China and India will be supporting the growth of the market in the region.

On the basis of modality, sales of standalone anesthesia machine currently account for more than 56% revenue share of the market. By the end of the forecast period, over US$ 7,000 Mn worth standalone anesthesia machine are estimated to be sold across the globe. During the same period, demand for portable anesthesia machines is also expected to witness a healthy uptick.

Competition Tracking

Leading market players mentioned in the Fact.MR’ report include DRE Medical, Spacelabs Healthcare, Dragerwerk AG, Midmark Corporation, Shenzhen Comen Medical Instruments Co. Ltd, Heyer Medical AG, Dameca A/S, Infinium Medical Inc, Koninklijke Philips N.V, and General Electric Company.

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This release was published on openPR.