Global Anesthesia Machines Market is Segmented By Type (High-Pressure System, Intermediate Pressure System, Low-Pressure System), By Modality (Portable Anesthesia Machine, Standalone Anesthesia Machine), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global anesthesia machines market is expected to reach at a high CAGR during the forecast period 2024-2031
The global anesthesia machines market has witnessed significant growth and transformations over the years, with various factors influencing its dynamics. The ventilator is an intricate part of the modern anesthesia equipment, which optimizes the administration of inhaled anesthetics.
The anesthesia machine has gradually developed into a workstation that includes more complicated ventilator modes, end-tidal anesthetic concentrations, end-tidal CO2 monitors, limited alveolar concentration estimators, and a way to monitor vital signs. Initially, the anesthesia machine was only used to anesthetize and oxygenate patients.
Government investments and research, particularly in developing economies, will continue to drive utilization of advanced systems or intermediate pressure system and boost the global anesthesia machines market. The respective innovative machines are available in two modalities including portable or standalone anesthesia machines.
Market Summary
| Metrics | Details |
| CAGR | High |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Type, Modality, End User, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Growing collaborations and initiatives
Developed economies have been witnessing rapid growth in betterment of their healthcare sectors, driven by high investments, income levels, and infrastructure development. Several countries have experienced substantial demand for anesthesia machines owing to the rising research. Various collaborations, acquisitions and product launches with technological advanecments among different countries will be a crucial factor driving the growth of the market.
On September 6, 2022, an agreement for partnership between Canon Virginia Inc. (CVI) and Gradian Health Systems (Gradian) has been struck. With this news, two mission-driven organizations are joining forces to combat healthcare disparities around the world. The UAM, an anesthetic device made by Gradian that can function without power or medical oxygen, will continue to be manufactured by CVI, and production activities for the K-O2, Gradian's newest product, will also be started by CVI.
Additionally, on September 28, 2022, using simulation software created by Center for Safety, Simulation & Advanced Learning Technologies (CSSALT), of Anesthesiology Department, University of Florida, the Anesthesia Patient Safety Foundation (APSF) and the American Society of Anesthesiologists (ASA) will launch an online technology education initiative.
Furthermore, the rising utilization of novel technology and different types of machines for several purposes. Rising chronic disorders and increasing surgical procedures along with research for innovative product development will be a major factor driving the growth of the anesthesia machines market.
High cost associated with the anesthesia machines
The cost of the anaesthetic machine might range from $30,000 up to over $150,000 depending on the alternatives end users are permitted to add. (Customer service will be included with new machines at no extra charge, but a variety of essential add-ons or attachments can quickly drive up the take-home cost.) Depending on the complexity of the treatment and the location, the expense of anesthesia might range from $200 to $3,500.
The cost of anesthesia may increase with lengthier treatments. The basic units take into consideration the service's complexity, intensity, risk, and skill requirements. Costs associated with anesthesia will increase as treatments become more complicated and have greater base units.
Market Segment Analysis
The global anesthesia machines market is segmented based on type, modality, end user and region.
Portable anesthesia machines segment accounted for approximately 74% of market share
The tool used to administer general anesthetic to patients during a medical treatment is known as an anesthesia machine. The continuous-flow anesthetic equipment, which delivers a constant flow of air containing a controlled quantity of gas, is the most often utilized device. Monitors and touch-screen screens that show information on heart rate and levels of oxygen saturation are common in contemporary devices.
The anesthetic machines that can be easily transported from one location to another while in use or while linked to the supply are portable. Portable gear is light and convenient to use in field camps or transport into the field. The greater efficiency brought on by the possibility of being able to shift the operation is one of the major benefits of using portable milling technology.
On August 30, 2023, under the umbrella of the A Series anesthetic, Mindray has introduced new advancements to its A7 and A5 anesthetic systems. With the aid of cutting-edge technologies, the brand-new improvements enable anesthesiologists to provide accurate anesthetic, improving patient safety and productivity during the perioperative period.
Market Geographical Share
North America accounted for around 33% of market share in 2022
Due to the rising need for anesthesia machines in healthcare, manufacturers in North America have chances of increasing their operations. There are many producers and suppliers in North America and owing to the quick economic growth of the region, industrial production has expanded, driving the demand for anesthesia machines.
Increasing expenditure on healthcare and rising surgical procedures, advancement of technologies and different types of products, along with increase in biopharmaceutical or medical device business establishment across the region are also contributing to the growth of anesthesia machines market share of this region. The market in this area is growing as people become more aware of various novel innovative systems. The aforementioned elements further attest to North America's hegemonic position in the world.
North America continues to be a key player in the global anesthesia machines market, with United States leading the way. Government initiatives promoting infrastructure development and investment, and a focus on rising advancements have fueled the demand for anesthesia machines in the U.S. United States have been proactive in executing several initiatives or surgical procedures, stimulating anesthesia machines demand.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic in late 2019 created unprecedented challenges for industries worldwide, including the global Anesthesia Machines market. As countries grappled with lockdowns, supply chain disruptions and reduced economic activity, the pharmaceutical sector, with a significant consumer of various device designs, was significantly impacted. Several efforts all throughout the world were impacted by the pandemic's broad lockdowns and limitations that started in early 2020.
Major medical and biotechnology industries came to a standstill and shifted their attention towards the management of COVID-19, leading to a slump in demand for anesthesia machines. Now several research studies have been initiated and companies have again started trial for their products efficiency. Several novel products or machines which combine anesthesia system with ventilators have been developed owing to the rising demand. Overall, the impact of the pandemic on the global anesthesia machines market is expected to be relatively low, with the market continuing to grow steadily due to the ongoing need and research for innovative products, like portable anesthesia machine
Key Developments
- On May 25, 2022, two new items from Fisher & Paykel Healthcare Corporation Limited have been released; they were created especially for anesthetic applications. These uses broaden the market potential for Optiflow nasal high flow inside the hospital respiratory support sector for the business. After several years of research and development, the business has made the Optiflow Trace and Optiflow Switch nasal high flow connectors available in a few areas.
- On April 4, 2022, for its End-tidal (Et) Control system for general anesthesia administration on its Aisys CS2 Anesthesia Delivery System, GE Healthcare got the FDA's pre-market clearance (PMA). In the United States, GE Healthcare is the sole company authorized to give general anesthesia under end-tidal concentration control.
Anesthesia Machines Companies
The major global players in the market include Koninklijke Philips N.V., GE HealthCare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Teleflex Incorporated, Fisher & Paykel Healthcare Limited., VYAIRE, Drägerwerk AG & Co. KGaA, Heyer medical AG, Medtronic and Nihon Kohden Corporation.
Why Purchase the Report?
- To visualize the global anesthesia machines market segmentation based on type, modality, end user and region as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of anesthesia machines market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global anesthesia machines market report would provide approximately 61 tables, 56 figures and 186 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
