The global Anaesthesia Machines Industry is poised for an impressive expansion, with the industry anticipated to reach a significant valuation of US$ 11.73 billion by 2023, paving the way for even more remarkable growth as it is estimated to surge to US$ 27 billion by 2033. This trajectory reflects a robust compound annual growth rate (CAGR) of 8.6%.
The remarkable growth of the anaesthesia machines market is driven by several factors, including technological advancements, an aging population, and an increasing number of surgeries across the globe. Anaesthesia machines are crucial components in modern healthcare, ensuring the safe administration of anaesthesia during surgical procedures, making them an indispensable part of the healthcare ecosystem.
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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 Market: 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.
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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.
Segmental Highlights on the Anaesthesia Machines Market
- With respect to region, North America and Asia Pacific excluding Japan (APEJ) are expected to showcase high potential for growth. Anaesthesia machines market 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
Key Segments Covered:
By Modality
- Standalone Anaesthesia Machines
- Portable Anaesthesia Machines
By End User
- Hospitals
- Surgical Ambulatory Centres
- Clinics
- Nursing Facilities
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