Global Anaesthesia Machines Market: Overview
Anaesthesia machines operate the anaesthesia during medical procedures. These machines are used in ambulatory surgical centers, clinics, and hospitals. These devices deliver the mixture of the gases to the breathing systems with the help of oxygen mask. Continuous product innovation and development in anaesthesia machines are ensuring safety, efficiency, and convenience of devices. Thanks to these factors, the adoption of the anaesthesia machines is growing and likely to fuel the growth of its global market.
The anaesthesia machines market report encompasses valuable information including the market dynamics, segmentation, and global, regional, and segment based revenues. The report insights over the productions over growth prospects in upcoming years. Most important part of the report is a competitive vendor landscape with in-depth information on strategies of key players have adopted in order to gain substantial shares in the global anaesthesia machines market.
Global Anaesthesia Machines Market: Drivers and Restraints
According to the US Department of Commerce, the among the global population 562 mn were aged 65 and above. The geriatric population which is more susceptible to chronic diseases is growing substantially. In 2015, the increase in the geriatric population has recorded a rise of 55 million which is nearly equal to 8.5% with the total population. Increasing prevalence of chronic diseases is creating a need for effective and novel drugs, treatments, and machines. This is a key factor in boosting the growth of the global anesthesia machines market.
Growing adoption of minimally invasive surgeries coupled with rising healthcare expenditure is fuelling the growth of the anaesthesia machines market. Additionally, growing medical tourism is supporting the growth of the global anesthesia machines market. Furthermore, according to the Association for Safe International Road Travel (ASIRT) prevalence of the accidents is incidences of accidents is growing over 90% of the overall accidents. This factor is further boosting adoption of the minimally invasive surgeries and likely to propel the growth of the global anaesthesia machines market.
However, the lack of skilled anesthesiologists is hampering growth of the global anaesthesia machines market. Additionally, the high cost of anaesthesia machines is another factor limiting growth of the global market for anaesthesia machines. Nonetheless, growing research and development for product innovation and additional features in the products which are ensuring the safety of patients are offering lucrative opportunities over the forecast period.
Global Anaesthesia Machines Market: Geographical Analysis
On the basis of region, the anaesthesia machines market could be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, North America dominated the global market for anaesthesia machines and expected to hold the substantial share over the forecast period. This growth is attributable to the growing geriatric population and the presence of advanced healthcare facilities mainly in the US and Canada. Europe is accounting for the second highest share in the global market owing to the growing adoption of minimally invasive surgeries. However, Asia Pacific is expected to expand with higher CAGR owing to increasing investment in healthcare for improving the facilities. Additionally, the factors such as increasing disposable income and growing population are influencing positively on the growth of the global anaesthesia machines market.
Global Anaesthesia Machines Market: Companies Mentioned
Some of the prominent players operating in the anaesthesia machines market are DRE Medical, Maquet Getinge Group, GE Healthcare, Penlon, Inc., and Mindray Medical International Limited. With product launches with new and better features compared to existing machines, the key players are focusing to gather for a higher share in revenue. Also, adoption of techniques which are cost effective and improves their production are helping key players to account for the share in the global market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.