Anesthesia Machinery Market by Product, Subject, Application and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026

Executive Summary

According to the report titled, 'Anesthesia machinery Market by Product, Subject, Application and End User: Opportunity Analysis and Industry Forecast, 2019-2026', the anesthesia machinery market was valued at $2,001.6 million in 2018 and is estimated to reach $3,288.0 million by 2026, registering a CAGR of 6.3% during the analysis period.

Anesthesia machinery is a medical device used to prepare a gas mixture with variable composition for delivery to the patient. The machinery delivers a controlled flow of oxygen, nitrous oxide, air, and anesthetic vapors to the patient.. There are various monitors, which are used to inspect the functioning of the ventilation system, to detect equipment malfunctions, and to provide information about the patient. The continuous development in the design of the anesthesia machinery helps in operating efficiency and patient outcome leads to provide lucrative opportunity for the anesthesia machinery market.

The major factors that boost the global anesthesia market growth include advancements in technology, surge in number of surgical procedures, and rise in geriatric population, which is highly vulnerable to injuries or medical conditions that require surgery. However, high maintenance and installation cost of anesthesia machinery and side effects due to overdose of anesthesia restraint the growth of the anesthesia machinery market. Moreover, anesthesia plays a key role, since every patient that undergoes surgery is anesthetized to manage the pain during the course of surgery. The major surgical procedures performed globally are musculoskeletal, respiratory, cardiology, and neurology, owing to high prevalence of these medical conditions. Such high number of surgical procedures are expected to propel the growth of the global anesthesia devices market.

By product, the market is categorized into continuous and intermittent anesthesia machinery. Continuous anesthesia machinery accounted for the largest anesthesia devices market share in 2018, owing to its effectiveness & steady flow of air and prevalence of surgical procedures.

By application segment, the market is categorized into nervous system surgeries, respiratory system surgeries, musculoskeletal system surgeries, cardiovascular system surgeries, digestive system surgeries, urinary system surgeries, and ENT system surgeries. Respiratory system surgeries accounted for the largest share in 2018, owing to increase in a rate of the musculoskeletal surgical procedures.

By end user, the hospital segment accounted for the largest share in 2018, and is expected to remain dominant during the forecast period, owing to increase in day-to day surgical procedures in hospitals and the availability of the anesthesiologists.

North America accounted for the majority of market share in 2018,this is attributed to the large number of surgeries and sizeable public expenditure on healthcare. In addition, rise in geriatric population and increase in prevalence of chronic diseases fuel the growth of the market in North America. However, Asia-Pacific is anticipated to witness significant growth rate in the anesthesia machinery market, owing to expansion of the patient base.

Key Findings of the Study:

Based on product, the continuous anesthesia machinery segment accounted for the largest market share in 2018.
By application, musculoskeletal system surgeries segment accounted for the largest anesthesia devices market share in 2018.
North America anesthesia machinery market accounted for largest anesthesia market size in 2018.

Key Market Players

Cardinal Health Inc
Drägerwerk AG & Co. KGaA
Fisher & Paykel Healthcare Limited
General Electric Company
HEYER Medical AG
Koninklijke Philips N.V.
Mindray DS USA Inc
Smiths Group Plc.
Teleflex Incorporated
Vyaire Medical Inc.

Companies Mentioned

• Cardinal Health Inc
• Drägerwerk AG & Co. KGaA
• Fisher &Paykel Healthcare Limited
• General Electric Company
• HEYER Medical AG
• Koninklijke Philips N.V.
• Mindray DS USA Inc
• Smiths Group Plc.
• Teleflex Incorporated
• Vyaire Medical Inc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.