Medical Vaporizer Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Report Overview

The global medical vaporizer market reached US$ XX million in 2023 and is expected to reach US$ XX million by 2031 growing with a CAGR of XX% during the forecast period 2024-2031.

A medical vaporizer is an essential piece of equipment used in healthcare settings to transform liquid volatile anesthetics into a gaseous state for inhalation by patients. These devices are engineered to deliver precise doses and enable the effective administration of medications in vapor form.

 Medical vaporizers are widely employed in surgical procedures and various other medical applications where the inhalation of anesthetic agents is required. Various applications involved in the medical vaporizer include pain management, anesthesia delivery, respiratory treatment, home healthcare, and others.

Market Scope

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Market Dynamics: Drivers

Increasing technological advancements

The demand for the global medical vaporizer market is driven by multiple factors. The medical vaporizers market is experiencing substantial progress owing to the technological innovations that improve their use in healthcare, especially in the delivery of anesthetics and other applications.

Medical vaporizers feature sophisticated electronic controls that enable accurate administration of anesthetic agents. This technology reduces risk, ensuring that patients receive the appropriate dosage during procedures. In addition, the development of compact and portable vaporizers is the demand of ambulatory surgical centers and other healthcare facilities that need user-friendly equipment. These designs improve accessibility and usability for both patients and healthcare providers.

Moreover, key players in the industry more focus on the technological advancements in the healthcare industry and introducing various products that would propel this market growth. For instance, in March 2024, CCELL, developing innovative vape hardware and advanced vaporization technology, made its first appearance last week at Spannabis, one of the largest cannabis exhibitions in Europe, where it presented its latest vaporization hardware advancements.

Also, in July 2024, CCELL announced the launch of its next generation of smart all-in-one vaporizers, accompanied by a refreshed brand identity. This initiative underscores the company's steadfast commitment to advancing the cannabis industry through its innovative technological vision.

Similarly, GPC Medical Limited, a well-known manufacturer and exporter of a diverse range of hospital equipment and devices, produces various products, including halothane vaporizers, sleek vaporizers, plastic vaporizers, and inhalers, among others. Similarly, Amkay Products Ltd has launched a steam vaporizer into the market.

Restraints

Factors such as product recalls, high cost of devices, stringent regulatory requirements, limited availability of skilled professionals, and risk & side effects associated with the treatment are expected to hamper the market.

Market Segment Analysis

The global medical vaporizer market is segmented based on product type, application, end-user, and region.

The anesthesia vaporizer segment accounted for approximately 56.4% of the global medical vaporizer market share

The anesthesia vaporizer segment is expected to hold the largest market share over the forecast period. Anesthesia vaporizers are devices designed to convert liquid anesthetic agents into vapor and deliver a controlled quantity to patients. There are three main types of concentration-calibrated vaporizers variable bypass, heated blender, and electronically controlled vapor cassettes.

 These devices are implemented in various applications, including operating rooms, emergency departments, delivery rooms, trauma departments, and ambulatory surgical centers, the administration of inhalation agents is necessary. Typically, vaporizers are mounted on anesthesia machines, but they can also be connected to cardiopulmonary bypass consoles using specialized mounting blocks.

Anesthetic vaporizers are a crucial component of anesthesia equipment. Their use is necessary for any surgery that involves general anesthesia using inhalation techniques. Contemporary vaporizers are engineered to deliver an accurate and adjustable concentration of anesthetic gas to the patient. Given that the concentration of anesthetic gas within the vaporizer is very high, it must be appropriately diluted before administration.

One of the key players in the industry, GE HealthCare, has launched the Tec 850, Tec 8, and Tec 820 vaporizers, which combine clinical performance with ergonomic design to facilitate the efficient delivery of anesthesia for all patients.

Anesthesia vaporizers and cassettes from GE Healthcare are designed to ensure precise delivery across a variety of conditions. Featuring the Aladin2 cassettes and the mechanical Tec 6 Plus vaporizer, these products provide accuracy, user-friendliness, and a low cost of ownership. The Aisys CS anesthesia delivery system, along with Aladin₂ cassettes, vaporizes anesthetic agents with both speed and precision. The Tec 6 Plus is an electronic vaporizer designed to heat Desflurane, maintaining a consistent temperature and vapor pressure to ensure reliable output.

Market Geographical Share

North America accounted for approximately 41.8% of the global medical vaporizer market share

North America region is expected to hold the largest market share over the forecast period owing to the rising number of surgical procedures, demand for portable devices, and healthcare reimbursement policies drive this market growth.

Moreover, in this region major number of key players' presence, product launches & approvals, and key developments would propel this market growth. For instance, in May 2024, Medline launched the Hudson RCI TurboMist small-volume nebulizer, a high-efficiency medication delivery system added to its respiratory portfolio. This nebulizer can deliver treatments in as little as three minutes, making it the fastest small-volume nebulizer available. 

The TurboMist is designed to provide 2.5 times more medication per minute than standard nebulizers, reducing treatment times by nearly 70%. This innovation aims to empower respiratory therapists and clinicians to deliver quicker, more cost-effective care.

Also, in April 2022, GE Healthcare announced that its End-tidal (Et) Control software for general anesthesia delivery on the Aisys CS2 Anesthesia Delivery System received FDA pre-market approval (PMA). GE Healthcare is the sole manufacturer authorized to provide general anesthesia delivery with end-tidal concentration control in the U.S. 

From the same source, every year, over 300 million patients around the globe undergo surgical procedures, many of which necessitate general anesthesia using inhaled anesthetic agents, resulting in an annual cost of $1.2 billion. The Et Control software helps to semi-automate the administration of anesthesia by enabling providers to establish targets for end-tidal oxygen and anesthetic agents through software settings.

Market Segmentation

By Product Type

• Anesthesia Vaporizers
• Steam Vaporizers
• Others

By Application

• Pain Management
• Respiratory Relief
• Others

By End-User

• Hospitals & Specialty Clinics
• Ambulatory Centers
• Homecare
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • The rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Middle East and Africa

Market Competitive Landscape

The major global players in the medical vaporizer market include GPC Medical Ltd, CCELL, Conair LLC, Amkay Products Limited, GE HealthCare, Fidelis Healthcare, Medline Industries, LP, Panasonic, Philip Morris Products S.A., and Allied Medical Limited.

Key Developments

• In April 2024, in honor of Earth Day, CCELL introduced the Eco Star, a new All-In-One vape. Made from biodegradable, plant-based PLA and featuring an easily removable battery, the Eco-Star allows consumers to make more environmentally friendly choices while enjoying the convenience of a disposable vape compatible with various oils, including live rosins, liquid diamonds, live resins, and distillates.
• In March 2024, AUXO partnered with CCELL at an event to showcase its premium vaporizers for both flowers and concentrates. To strengthen connections with local cannabis consumers in Europe, AUXO also exhibited its Cenote and Calent vaporizers at the Choko Social Club Barcelona.

Why Purchase the Report?

• To visualize the global medical vaporizer market segmentation based on product type, application, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous medical vaporizer market data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The global medical vaporizer market report would provide approximately 62 tables, 55 figures, and 183 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies