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Classified in: Health, Covid-19 virus
Subject: MRR

$ 1.78 Billion growth expected in Anesthesia Devices Market | 6.75% YOY growth in 2021 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio


NEW YORK, May 14, 2021 /PRNewswire/ --

The global anesthesia devices market by product (anesthesia delivery machines, anesthesia monitors, anesthesia vaporizers, and anesthesia disposables) and geography (North America, Europe, Asia, and ROW) has been added to Technavio's offering. The global anesthesia devices market is expected to grow by USD 1.78 billion, at a CAGR of over 7% during 2021-2025.

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The COVID-19 pandemic had a positive impact on the growth of the anesthesia devices market in 2020. The market witnessed an increase in the demand for anesthesia devices for ventilation in COVID-19 patients. During the forecast period, the market is expected to witness steady growth, owing to the continued rise in the number of COVID-19 cases and an increase in the number of rescheduled surgeries.

The market is expected to be driven by factors such as the increasing number of surgeries requiring general anesthesia, the growing prevalence of chronic diseases and associated risk factors, and advances in anesthesia technology.

The report also offers information on the upcoming trends and challenges that will influence market growth.
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Anesthesia Devices Market: Opportunities
The prevalence of chronic diseases and the number of cataract surgeries are increasing across the globe. For instance, the number of hip replacement and total knee replacement surgeries in the EU-5 increased from approximately 1,064,756 procedures in 2010 to 1,216,933 procedures in 2016. Moreover, many countries across the world are witnessing strong growth in the geriatric population. Many such factors are expected to provide several growth opportunities for anesthesia devices market vendors during the forecast period.

Anesthesia Devices Market: Segmentation by Product
Based on the segmentation by product, the market generated maximum revenue in the anesthesia delivery machines segment in 2020. The segment is driven by the increasing adoption of mobile anesthesia delivery machines by end-users. The market growth in the segment will be significant during the forecast period.

Anesthesia Devices Market: Segmentation by Geography
North America held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the growth of the market in Asia. The growth of the market in North America can be attributed to the availability of improved healthcare infrastructure, the increasing number of surgeries being performed under general anesthesia, and the growing prevalence of chronic diseases and their related risk factors. Also, the rising number of ASCs is expected to contribute to the growth of the anesthesia devices market in North America during the forecast period.

One of the fortune 500 companies had used the detailed research report on the anesthesia devices market and had decided to increase their market share in the North American region which offers the highest market opportunities during the forecast period.

Explore more about market opportunities: Enquire about the report before purchasing

Anesthesia Devices Market: Major Vendors

Ambu AS
The company offers products namely AuraGain Disposable Laryngeal Mask, SPUR II - Disposable Resuscitator, and other products.

B. Braun Melsungen AG
The company offers spinal needles namely Spinocan, Penca. It also offers epidural anesthetic equipment, peripheral/regional anesthetic equipment, and other products.

General Electric Co.
The company offers Avance CS Anesthesia Delivery System, Aisys CS Anesthesia Delivery System, and other products.

Koninklijke Philips NV
The company offers the devices such as CX50 Regional anesthesia, Event Surveillance, patient monitoring decision support system, and other products.

Smiths Group Plc
The company offers the products CSEcure Spinal and Epidural Needle Assemblies, Acapella Choice Vibratory PEP Therapy System, and other products.

Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the anesthesia devices market report: 

 Regional Analysis 

 Market Player Information 

Speak to our Analyst for a Customized Report

Related Reports on Anesthesia Devices Market:

Global Anesthesia Disposables Market ? Global anesthesia disposables market is segmented by product (LMAs, breathing circuits, ETTs, resuscitators, and anesthesia face masks) and geography (Asia, Europe, North America, and ROW).
Download Exclusive Free Sample Report

Global Anesthesia Laryngeal Masks Market ? Global anesthesia laryngeal masks market is segmented by product (single-use laryngeal masks and reusable laryngeal masks) and geography (North America, Europe, Asia, and ROW).
Download Exclusive Free Sample Report

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
Report: www.technavio.com/report/anesthesia-devices-market-industry-analysis

SOURCE Technavio


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