Anesthesia Machines Market – By Component (Product [Anesthesia Machine, Anesthesia Ventilators, Anesthesia Monitors, Anesthesia Vaporizers, Anesthesia Workstations], Disposables), End-user (Hospitals, Specialty Clinics) – Global Forecast (2024 – 2032)

Anesthesia Machines Market – By Component (Product [Anesthesia Machine, Anesthesia Ventilators, Anesthesia Monitors, Anesthesia Vaporizers, Anesthesia Workstations], Disposables), End-user (Hospitals, Specialty Clinics) – Global Forecast (2024 – 2032)

Anesthesia Machines Market Size

Anesthesia Machines Market size was valued at USD 9.9 billion in 2023 and is set to register growth at 5.9% CAGR from 2024 to 2032. One of the primary drivers is the increasing number of surgical procedures worldwide, fueled by a growing aging population and rising prevalence of chronic diseases.

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For instance, in the U.S., a total of 51.4 million inpatient surgeries are performed, with specific procedures like total knee replacements, total hip replacements, and coronary artery bypass grafts being among the most common procedures performed in geriatric populations. Such rising number of surgeries increases the demand for anesthesia machines, thereby propelling the market growth. Additionally, technological advancements in anesthesia machines, such as the integration of anesthesia monitoring devices and improved safety features, are enhancing their efficiency and safety, further driving market growth.
 

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An anesthesia machine is a medical device used to administer general anesthesia to patients during surgical procedures. These machines are designed to deliver a controlled mix of anesthetic gases and oxygen to the patient's lungs, allowing them to remain unconscious and pain-free throughout the surgery. Anesthesia machines typically include components such as gas sources (oxygen, nitrous oxide), vaporizers for volatile anesthetics, a breathing circuit, and monitoring devices to ensure the patient's safety and comfort during anesthesia.

Anesthesia Machines Market Trends

• As medical technology advances, the range of surgeries and procedures that require anesthesia has expanded significantly. Further, escalating incidence of trauma cases globally is significantly driving the demand for anesthesia machines. Trauma, resulting from accidents, falls, or injuries, often requires emergency surgical interventions that mandate the use of anesthesia.
• Rising number of road accidents, industrial mishaps, and natural disasters has contributed to an upsurge in trauma cases, necessitating prompt and effective anesthesia management. For instance, according to NAPT-5 activity survey, more than 40% of all sedation cases were in orthopedics and trauma.
• Moreover, the rise in elective surgeries, such as cosmetic and bariatric surgeries, has contributed to the increasing demand for anesthesia machines. Patients are increasingly opting for these procedures to improve their quality of life, thereby driving the need for anesthesia machines in outpatient settings.

Anesthesia Machines Market Analysis

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The market based on component is segmented into products and disposables. The products segment is further segmented into anesthesia workstations, anesthesia machines, anesthesia ventilators, anesthesia monitors, anesthesia vaporizers, and other products. The products segment dominated the market in 2023 with a market share of 78.8%.

• The technological advancements incorporated into modern anesthesia devices, such as integrated patient monitoring systems, advanced ventilation modes, and ergonomic designs enhance user experience. These features improve workflow efficiency and patient outcomes, driving healthcare facilities to invest in anesthesia products.
• Additionally, increasing focus on patient safety and the need for precise anesthesia delivery have propelled the demand for innovative anesthesia devices and products with built-in safety features and software algorithms that help in managing anesthesia dosage and patient vital signs more effectively.
• Further, the availability of several anesthesia products to accommodate various surgical procedures, ranging from routine to complex surgeries, makes them a versatile choice for healthcare providers, further solidifying their market share

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The anesthesia machines market based on end-user is classified into hospitals, specialty clinics, ambulatory surgical centers (ASCs), and other end-users. The hospitals segment is expected to reach USD 8 billion by 2032.

• Hospitals are the primary settings for surgical procedures, where anesthesia machines are essential for ensuring patient comfort and safety during surgery. Hospitals generally handle a higher volume of patients compared to other healthcare settings, leading to a greater demand for anesthesia machines to cater to the needs of numerous surgical procedures.
• Additionally, the increasing number of surgeries, driven by a rising prevalence of chronic diseases and the need for surgical interventions, has boosted the demand for anesthesia machines in hospitals.
• Moreover, the growing number of trauma cases requiring emergency surgeries further contributes to the high market share of hospitals in the market

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North America anesthesia machines market accounted for USD 3.6 billion market revenue in 2023 and is anticipated to grow at CAGR of 5.8% between 2024 – 2032 period.

• The region's well-established healthcare infrastructure, advanced medical technologies, and high healthcare expenditure contributes to its dominance. Similarly, increasing prevalence of chronic diseases and rising number of surgical procedures further boost the demand for anesthesia machines.
• Furthermore, the increasing number of ambulatory surgical centers (ASCs) in North America also fuels the demand for anesthesia machines, as these facilities require reliable and efficient equipment for various surgical procedures. For instance, the number of Ambulatory Surgery Centers (ASCs) in the U.S. saw an increase from 6,109 in 2022 to 6,223 in 2023.
• Lastly, the region's high adoption rate of advanced medical technologies, coupled with favorable reimbursement policies, further propels the growth of the market in North America.

Anesthesia Machines Market Share

The market is dominated by some of the major market players. The key industry players are consistently involved in creating new opportunities in the healthcare sector. These include GE Healthcare, Dragerwerk AG & Co KGaA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and Koninklijke Philips N.V. among others. The industry participants are utilizing a combination of organic and inorganic growth strategies in a bid to capture highest market share and outperform the competition. Major strategies include new product launches, partnerships & collaborations, and business expansion among others.

Anesthesia Machines Market Companies

Prominent players operating in the anesthesia machines industry include

• Ambu A/S
• Beijing Aeonmed Co., Ltd.
• Cardinal Health Inc.
• Dragerwerk AG & Co KGaA
• Fisher & Paykel Healthcare Limited
• GE HealthCare Technologies Inc.
• Koninklijke Philips N.V.
• Getinge AB
• Nihon Kohden Corporation
• Omnicell, Inc.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Anesthesia Machines Industry News

• In August 2023, Mindray introduced innovative upgrades to its A7 and A5 anesthesia systems under the A series anesthesia, incorporating cutting-edge technologies to empower anesthesiologists in delivering precise anesthesia, ultimately enhancing patient safety and operational efficiency during the perioperative phase. This helped the company to increase sales of its products.
• In April 2022, GE Healthcare received U.S. Food and Drug Administration (FDA) PMA approval for its End-tidal (Et) Control software for general anesthesia delivery on its Aisys CS2 anesthesia delivery system. Et-Control software semi-automates anesthesia delivery so providers can set targets for end-tidal oxygen and anesthetic agent. This helped the company to increase the sales of its products.

The anesthesia machines market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments

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Market, By Component

• Products
  • By type
    • Anesthesia machines
      • Continuous flow machines
      • Intermittent flow machines
    • Anesthesia workstations
    • Anesthesia ventilators
    • Anesthesia monitors
    • Anesthesia vaporizers
    • Other products
  • By modality
    • Standalone anesthesia machines
    • Portable anesthesia machines
• Disposables

Market, By End-user

• Hospitals
• Specialty clinics
• Ambulatory surgical centers
• Other end-users

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa