The Global Anaesthesia Machines Industry is on the verge of an extraordinary expansion, as indicated by market forecasts. In 2023, the market is expected to surge to a valuation of US$ 11.73 billion, with even more remarkable growth expected in the near future, estimating a market size of US$ 27 billion by 2033. These figures highlight a consistent trajectory of growth, driven by a robust Compound Annual Growth Rate (CAGR) of 8.6%.
Anaesthesia Machines Industry Trends and Highlights
One of the key trends shaping the anaesthesia machines market is the increasing portability and compactness of these devices. This transformation allows for their use in remote and underserved areas, along with ambulatory surgery centres. The accessibility and mobility of these machines open doors to a broader range of healthcare settings, ensuring that essential anaesthesia services are available where they are needed most.
Moreover, the demand for non-invasive and minimally invasive medical procedures is on the rise, fueled by the promise of lower risks and faster recovery times. As these procedures gain popularity, anaesthesia machines that cater to these innovative techniques are poised to witness a surge in demand. This paradigm shift underscores the market’s adaptability to meet the evolving healthcare landscape.
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Continuous advancements in the design of anaesthesia machines have been observed in order to improve operating efficiency, patient safety, outcome, and convenience. Market participants are concentrating on new product development and the launch of innovative products with enhanced features and capabilities.
Anesthesia apparatus are medical devices used to deliver anesthesia to patients during surgical or other medical procedures. These machines are designed to deliver a precisely controlled mixture of gases, including oxygen, nitrous oxide, and various anesthetic agents, to the patient’s lungs.
The research report “Anaesthesia Machines Industry: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” published by Future Market Insights throws light on several aspects driving the global market. The growth of the market is impacted by various trends, developments, drivers and challenges, the analysis of which is included in the fact based research report. The exhaustive research publication covers historical data analysis along with current scenario as well as future projections of the market from a value standpoint for a 10 year period, starting from 2017 till 2027. The analysis on various segments playing a major role in the expansion of the global anaesthesia market has been carried out to get a complete picture of the global market.
Increasing Need for Anaesthesia Procedures to Spur the Adoption of Anaesthesia Machines in the Coming Years
According to WHO (World Health Organization) and World Bank, by 2026, the treatments demanding surgeries and hence anaesthesia machines would eclipse that of tuberculosis and HIV as well as malaria. Current market scenario portrays the fact that about 30% of the population in the entire globe do not have access to surgeries. On the contrary, about 75% of major procedures are being performed in the wealthiest countries in the world whereas poor countries are witnessing only 3.5% of operations.
Government bodies along with non-government institutions are continuously working on offering healthcare access to every region, which is expected to trigger the adoption of anaesthesia machines. The growing number of surgeries and increasing government support are expected to fuel the growth of the anaesthesia machines market at a global level in the years to follow.
However, product recalls due to defects in devices, shortage of healthcare professionals, adoption of refurbished machines, lack of public access to healthcare facilities and lack of clinical resources are expected to pose hindrances to the growth of the global market.
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Segmental Highlights on the Anaesthesia Machines Industry
- With respect to region, North America and Asia Pacific excluding Japan (APEJ) are expected to showcase high potential for growth. Anaesthesia machines Industry in North America (led by US) is estimated to be the largest, whereas the market in APEJ is expected to rise at a comparatively high value CAGR during the forecast period
- With respect to modality, the standalone anaesthesia machines are expected to witness increased adoption across the globe in several hospitals and clinics. This segment is expected to lead the global market with a high valuation and projected to expand at a relatively high CAGR throughout the period of assessment
Segmentation Analysis of the Anaesthesia Machines Industry
By Modality:
- Standalone
- Portable
By Application:
- Hospitals
- Surgical Ambulatory Centres
- Clinics
- Nursing Facilities
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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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 areas such as 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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