The Global Portable Anesthesia Systems Industry is on track for a significant expansion, fueled by the growing demand for adaptable and efficient anesthesia solutions in various healthcare settings. According to a recent forecast by Future Market Insights (FMI), a leading market research firm, the market is projected to register a robust Compound Annual Growth Rate (CAGR) of 6.6% from 2023 to 2033. This translates to a substantial market increase, with a projected valuation of a staggering US$933.4 million by 2033, compared to US$493.6 million in 2023.
The market for portable anesthesia systems has grown as a result of advances in medical technology that have produced small, incredibly efficient devices. These state-of-the-art devices change patient care by enabling medical personnel to provide anesthesia in a portable and useful way.
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Portable anesthesia systems are essential due to an upsurge in surgical operations worldwide. With the flexibility and mobility that these systems provide, medical personnel may provide anesthesia in a variety of situations outside of conventional operating rooms, including ambulatory surgical facilities, dentist offices, and distant sites. The capacity to provide anesthesia in these circumstances broadens the scope of medical care and makes therapy for patients more practical and accessible.
The development of the Global Portable Anesthesia Systems Industry has been greatly aided by the miniaturization trend of medical equipment. Healthcare professionals may provide anesthesia in a variety of clinical settings, including distant or resource-constrained locations, owing to the compact, lightweight, and portable design of these devices. The mobility aspect makes it possible for medical personnel to respond to emergencies or give anesthesia during medical missions or disaster relief activities.
The market for portable anesthetic systems is projected to develop as a result of ongoing technological advancements. For instance, integrating real-time data exchange, wireless connectivity, and enhanced monitoring capabilities can increase patient safety and better anesthetic management. The development of more user-friendly and intuitive interfaces due to technological developments may make portable anesthetic devices more available to healthcare providers.
Asia Pacific is predicted to dominate the global market during the forecast period. In recent years, surgical operations in Asia Pacific have significantly increased. The demand for procedures requiring the administration of anesthesia has increased as a result of the growing frequency of chronic illnesses, lifestyle-related ailments, and age-related problems. Patients from all over the world travel to India, Thailand, and Malaysia, which have also become well-known medical tourism destinations. These factors proliferate market growth in Asia Pacific.
Global Portable Anesthesia Systems Industry Recent Developments Observed by FMI:
- By absorbing Penlon Ltd.’s shares from BPL Medical Technology in January 2022, Medcaptain Medical Technology Ltd. (MMTL) acquired Penlon Ltd.
- Arab Health 2022 included a live demonstration of Medovate’s state-of-the-art regional anesthetic device SAFIRA in January 2022. Medovate, a producer of medical equipment, collaborated with doctors from the National Health Service (NHS) of the United Kingdom to develop SAFIRA, which is expected to transform regional anesthesia globally.
- The next-generation computer-assisted local anesthetic from Ronvig Dental was introduced in May 2021 and is called CALAJECTTM. It was selected ‘2022 Top Award Winner – Anesthetic Device’ by Dental Advisor. The mechanism regulates the flow rate to provide a steady and gentle delivery of anesthetic. Even palatal injections may be administered to patients with minimal discomfort.
Prominent Players in the Global Portable Anesthesia Systems Industry
- WandDental
- Milestone Scientific
- Evident Inc.
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Global Portable Anesthesia Systems Industry Segmentation
By Application:
- Medical Specialties
- Anesthesiology
- Orthopedic Surgery
- Pain Medicine
- Physical Medicine/Rehabilitation
- Primary Care/Urgent Care
- Rheumatology
- Sports Medicine
- Dental Specialties
- Others
By Surgery Type:
- Open Surgery
- Minimally Invasive Surgeries
By End Users:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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