Global Anesthesia Disposables Market: Introduction

Anesthesia is a medical treatment which causes a temporary loss of sensation in patients. Surgical procedures are usually performed by inducing anesthesia in order to prevent pain. Anesthesia disposables are single-use, portable, and easy-to-use devices that prevent the risk of infections in patients. Anesthesia disposables are majorly employed during surgical procedures in a variety of settings including intensive care units, surgical centers, operating rooms, and pain clinics. Laryngoscopes, anesthesia masks, endotracheal tubes, and resuscitators are some of the commonly used anesthesia disposables.

Global Anesthesia Disposables Market: Competitive Landscape

Medline Industries, Inc.

Founded in 1966, Medline Industries, Inc. is a prominent privately-held company that manufactures and distributes medical supplies with patient-centered solutions, services, and expertise across the continuum of care. The company also offers products for wound care, urology, ostomy care, incontinence care, skin health, and infection prevention. Medline Industries, Inc. has offices in 20 countries across the globe. Furthermore, the company has an expanding network of over 50 distribution centers worldwide, including North America, Europe, Asia, and Australia.

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SunMed

SunMed is a leading company specialized in the manufacture and distribution of high quality medical devices that are utilized in hospitals and health care facilities across the globe. Its portfolio includes anesthesia, airway management, respiratory, diagnostics, resuscitation/ ventilation, oxygen delivery, and surgical care products. The company caters to the health care industry in more than 40 countries across the globe. 

Teleflex Incorporated

Teleflex Incorporated is a leading global player primarily engaged in designing, developing, manufacturing, and supplying disposable or single-use medical devices. The company’s portfolio offers solutions in the field of vascular and interventional access, home care, surgical, anesthesia, cardiac care, urology, OEM, and respiratory care. It offers products to hospitals and health care providers, medical device manufacturers, and home care through direct sales or distributors.

Other prominent players operating in the global anesthesia disposables market are Ambu, Medline Industries, Inc., Smiths Medical, GE Healthcare, Westmed Inc., Becton, Dickinson and Company, GPC Medical, Vyaire Medical, Inc., and Sharn Anesthesia. The leading players are focused on innovative product launch as well as merger & acquisition strategies to expand their product portfolio and cater to the large customer base across the globe.

Global Anesthesia Disposables Market: Dynamics

Increase in Prevalence of Chronic Diseases Globally Drives Market

Rise in prevalence of chronic diseases across the globe is a key factor driving the anesthesia disposables market. Various chronic diseases such as diabetes, chronic kidney diseases (CKD), cancer, cardiovascular disorders, chronic respiratory diseases (CRD), and neurological disorders are leading causes of deaths across the globe. According to International Agency for Research on Cancer (IARC), more than 14.1 million new cancer cases were diagnosed in 2012 and the global burden is estimated to grow by 21.7 million new cancer cases by the end of 2030. Rise in burden due to chronic diseases would fuel the need for treatment and therapies among patients. This is likely to lead to increase in number of surgical procedures. For instance, according to American College of Cardiology Foundation, approximately 371,000 Coronary Artery Bypass Graft (CABG) procedures were performed in the U.S. in 2014 coupled with 3,244 heart transplants in 2017. This is expected to generate higher demand for anesthesia disposables in the next few years. 

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Rise in Geriatric Population to Boost Market

Rise in geriatric population suffering from chronic disorders across the globe is another factor boosting the anesthesia disposables market. Based on the United Nations Report in 2017, the number of geriatric population, aged 60 years and above, is expected to rise two-fold by 2050. The number is projected to reach 2.1 billion, an increase from 962 million in 2017. Moreover, an increase in baby boomer population vulnerable to a wide range of respiratory disorders including sleep apnea, chronic obstructive respiratory disease (COPD), and asthma has been observed. This, in turn, is expected to drive the demand for anesthesia disposables during the forecast period.

North America to Dominate Market and Asia Pacific to Provide Lucrative Growth Opportunity

Increase in number of surgeries performed, owing to high prevalence of chronic diseases, is a major factor anticipated to boost the demand for anesthesia disposables in the U.S. Moreover, American Society of Anesthesiologists (ASA) has created awareness and educated patients about anesthesia in the U.S. This is another factor propelling the anesthesia disposables market in the country. An estimated 40 million anesthetics are administered to patients undergoing surgery in the U.S. every year. This is likely to boost the market in North America. Large baby boomer population, high prevalence of respiratory disorders, and rise in cardiac surgeries performed in developing countries such as India and China are the key factors augmenting the anesthesia disposables market in Asia Pacific.

Global Anesthesia Disposables Market – Segmentation

The global anesthesia disposables market can be segmented based on:

  • Product
  • Patient Group
  • End-user
  • Region

Global Anesthesia Disposables Market Segmentation – By Product

In terms of product, the global anesthesia disposables can be categorized into:

  • Laryngoscope
  • Endotracheal Tubes (ETT)
  • Breathing Circuits
  • Resuscitators
  • Anesthesia Masks
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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