Anesthesia Machines Global Market Report 2024

The anesthesia machines market size has grown rapidly in recent years. It will grow from $20.94 billion in 2023 to $23.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth observed during the historical period in the anesthesia machines market can be attributed to factors such as the increasing number of surgical procedures, a heightened focus on patient safety during medical interventions, the rise in chronic diseases necessitating various treatments, compliance with government regulations and standards in healthcare, and the development of hospital infrastructure to accommodate growing healthcare needs.

The anesthesia machines market size is expected to see rapid growth in the next few years. It will grow to $34.2 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The anticipated growth in the forecast period in the anesthesia machines market can be attributed to factors such as the increasing demand for portable and compact systems, a growing focus on eco-friendly and sustainable solutions in healthcare, the integration of telemedicine and remote monitoring, advancements in anesthetic drug delivery systems, and the expansion of the global market for anesthesia machines. Major trends expected in the forecast period include regulatory adaptation to technology changes, the integration of digital health technologies, technological advancements in anesthesia systems, the incorporation of artificial intelligence, and initiatives focused on sustainability in healthcare.

The anesthesia machines market is witnessing growth primarily due to the increasing number of surgeries. Anesthetic machines play a crucial role in surgeries by ensuring patients do not experience pain. The rising prevalence of chronic illnesses, including cataracts, nervous disorders, muscle repair, oral problems, and abdominal issues, has led to a higher demand for anesthesia machines. According to the British Journal of Anaesthesia, hospitals in the UK conducted an annual average of 7.9 million procedures (inclusive category), 5.1 million procedures (intermediate category), and 1.5 million procedures (restrictive category).

The growth of the anesthesia machines market is further driven by the surge in chronic diseases. Chronic conditions persist over an extended period, and anesthesia machines are essential for delivering anesthetic gases and medications during surgeries or medical procedures for patients with chronic diseases. As per the National Library of Medicine, the US is projected to see a 99.5% increase in the number of people aged 50 and older with at least one chronic condition, reaching 142.66 million by 2050. Additionally, chronic diseases account for 74% of all global deaths, amounting to 41 million fatalities annually, according to the World Health Organization (WHO) 2022 Highlights.

A significant restraint for the anesthesia machines market is the risk of contamination during surgical procedures. The use of anesthesia machines increases the likelihood of bacterial infections, with many machines being colonized by microorganisms. This poses a risk of bacterial contamination and infection, particularly in the outer regions of anesthesia machines that may transfer bacteria to healthcare professionals and patients.

An emerging trend in the anesthesia machines market is the adoption of computer-controlled anesthesia machines. These machines contribute to reducing patient pain during surgeries and offer advanced features such as alarms for emergencies and automated checkup options. For example, the Dräger Primus anesthesia workstation and GE Healthcare’s Aisys CS² station exemplify the integration of computer-controlled systems to enhance precision and efficiency in anesthesia delivery.

Leading companies in the anesthesia machines market are actively innovating new technologies, such as end-tidal (Et) control software. This software, recently launched by GE HealthCare Technologies Inc. and approved by the Food and Drug Administration (FDA), enhances patient care during anesthesia delivery. The technology semi-automates the anesthesia delivery process, allowing providers to set targets for end-tidal oxygen and anesthetic agents, thereby improving accuracy and reducing drug waste.

Regulations from the Food and Drug Administration (FDA) play a crucial role in overseeing the anesthesia machines manufacturing market. Anesthesia gas machines fall under the FDA's class II category of medical devices, requiring approval through Premarket Notification 510(k) and compliance with regulations such as the Medical Device Amendments 1976 and Good Manufacturing Practices 1978. These regulations govern the introduction, labeling, quality assurance, distribution, and manufacturing of anesthesia machines, ensuring adherence to standards and safety protocols by manufacturers.

Major companies operating in the anesthesia machines market report are General Electric Company, Medtronic PLC, Medline Industries Inc., Koninklijke Philips N.V., Datex-Ohmeda Inc., Covidien PLC, B. Braun Holding GmbH & Co. KG, Mindray Medical International Limited, Dragerwerk Ag & Co. KGAA, Teleflex Incorporated, Getinge Group, Smiths Medical Inc., Masimo Corporation, Fisher & Paykel Healthcare Corporation Limited, Spacelabs Healthcare LLC, Oricare Inc., OSI Systems Inc., Shenzhen Landwind Medical Co. Ltd., Infinium Medical Inc., Midmark Corporation, Ambu AS, Penlon Limited, Aeonmed Co.Ltd., Beijing Siriusmed Medical Device Co.Ltd., Heyer Medical AG, Dameca A/S, Carefusion Corporation, DRE Inc., Shenzhen Comen Medical Instruments Co. Ltd., HERSILL S.L., Allied Medical Limited, BPL Medical Technologies Pvt. Ltd. North America was the largest region in the anesthesia machines market in 2023. Western Europe was the second largest region in the global anesthesia machines market. The regions covered in the anesthesia machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The primary products in the anesthesia machines market include mobile anesthesia machines and standalone anesthesia machines. These machines play a crucial role in delivering anesthesia to patients, ensuring they experience no pain during medical surgeries. The main types of anesthesia machines are continuous anesthesia machines, intermittent anesthesia machines, and others. Various end-users, such as hospitals, clinics, and ambulatory surgical centers, rely on these machines for anesthesia administration during medical interventions.

The anesthesia machines market research report is one of a series of new reports that provides anesthesia machines market statistics, including anesthesia machines industry global market size, regional shares, competitors with a anesthesia machines market share, detailed anesthesia machines market segments, market trends and opportunities, and any further data you may need to thrive in the anesthesia machines industry. This anesthesia machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the anesthesia machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The anesthesia machines market consists of sales of machines such as intermittent anesthesia machines, continuous anesthesia machines, all-in-one type of anesthesia machines, portable anesthesia machines, high-flow type anesthesia machines, low-flow type anesthesia machines, pediatric anesthesia machines, cycle closed type anesthesia machines and, direct-flow type anesthesia machines. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.