USD 15.9 Billion
Report ID:
SQMIG35B2221 |
Region:
Global |
Published Date: January, 2025
Pages:
188
|Tables:
121
|Figures:
72
Global Anesthesia Devices Market size was valued at USD 15.9 Billion in 2023 and is expected to rise from USD 17.17 Billion in 2024 to USD 31.78 Billion by 2032, at a CAGR of 8% during the forecast period (2025–2032).
Growing surgical volumes around the world are expected to primarily boost the sales of anesthesia devices over the coming years. The high prevalence of chronic diseases and rising demand for anesthesia in healthcare establishments are also slated to create new opportunities for anesthesia device companies in the future. Advancements in the development of new anesthetic technologies and growing investments in the development of new anesthesia devices are also forecasted to bolster the global anesthesia devices market growth in the long run. The surge in geriatric population around the world and the expansion of healthcare infrastructure development activities are also slated to offer new business scope for market players going forward. On the contrary, high costs of advanced anesthesia devices, a dearth of skilled professionals, stringent regulatory requirements, and limited awareness in developing regions are expected to be key constraints for anesthesia device suppliers across the study period and beyond.
Market snapshot - (2025–2032)
Global Market Size
USD 15.9 Billion
Largest Segment
Hospitals
Fastest Growth
Ambulatory Surgical Centers
Growth Rate
8% CAGR
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The anesthesia devices market is segmented based on the type, product, application, end user, and region. Based on the type, the anesthesia devices market is segmented into general anesthesia and local anesthesia. Based on the application, the market is segmented into cardiology, neurology, urology, orthopedics, dental, ophthalmology, and others. Based on end user, the market is divided into clinics, ambulatory surgical centers, and hospitals. On the basis of product, the market is segmented into anesthesia delivery machines, anesthesia disposables & accessories, anesthesia monitors, and anesthesia information management systems (AIMS). Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Hospitals are estimated to dominate the global anesthesia devices industry going forward. The increasing number of surgeries being performed in hospitals and the growing establishment of new hospitals are cementing the dominance of this segment. Rising investments in healthcare infrastructure development are also expected to bolster the demand for anesthesia devices via this segment. Anesthesia devices are crucial in keeping patients stable during complex and critical surgeries, which is why their demand is high in hospitals. Increasing rates of hospitalization and rising number of people undergoing treatments in hospitals are also creating new opportunities for anesthesia devices companies focusing on this segment.
On the other hand, the demand for anesthesia devices in ambulatory surgical centers is slated to rise at a robust pace in the future. Growing popularity of minimally invasive surgeries and outpatient surgeries is slated to bolster the demand for anesthesia devices in this segment. Increasing emphasis on improving emergency care services and investments in equipping ambulatory care centers with advanced medical devices are also slated to boost the demand for anesthesia devices going forward. Use of short-term anesthetics and use of anesthesia for postoperative management are also expected to create a new business scope for anesthesia device suppliers targeting this segment.
Anesthesia delivery machines are projected to account for a substantial chunk of the global anesthesia devices market share in the future. Anesthesia delivery machines play the vital role of delivering proper anesthesia to patients during or before life-saving surgeries. Ensuring proper delivery of anesthesia is highly vital for a successful surgery, which makes anesthesia delivery machines an indispensable part of almost all surgeries performed in healthcare. Anesthesia delivery machines ensure a steady flow of anesthesia and reduce the risk of overdosage and even deliver oxygen to improve respiratory function. Hospitals are major end users of anesthesia delivery machines.
Anesthesia monitors are expected to account for the second-largest share of the global anesthesia devices industry. These devices help professionals monitor the vital signs of patients under the influence of anesthesia to ensure patient safety. High emphasis on patient safety and increasing adoption of patient-centric care are also expected to favor the sales of anesthesia monitors over the coming years. Some anesthesia monitors can also help in diagnosis of certain health issues. These monitors are also capable of detecting faults and malfunctions in equipment to alert medical professionals.
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North America is projected to account for a dominant share of the global anesthesia devices market. The presence of a developed healthcare infrastructure, growing geriatric population, rising surgical procedure volumes, and high spending on advanced anesthesia equipment are helping this region hold sway over others. The United States and Canada are forecasted to be the top markets for anesthesia device providers looking to make a mark in the North American region. Rapid adoption of advanced medical devices, high healthcare expenditure, and increasing acceptance of novel anesthesia devices are also slated to offer new opportunities in the long run.
Asia Pacific is slated to emerge as the fastest-expanding market for anesthesia device providers in the world through 2032. Rising investments in healthcare infrastructure development, increasing prevalence of chronic diseases, and rising number of surgeries being performed in this region are creating new opportunities. High geriatric population in countries such as China, India, and Japan make them the most lucrative markets for anesthesia device suppliers in the Asia Pacific region. Rising spending on healthcare and growing preference for minimally invasive surgeries are also expected to bolster the sales of anesthesia devices across the study period and beyond.
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Increasing Outpatient Surgeries
Rise of Senescent Population
Dearth of Skilled Professionals
Stringent Regulatory Requirements
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Anesthesia device companies should focus on launching new products to stay competitive and drive sales. Targeting countries with high senescent population and rising surgical procedure volumes is expected to offer the best returns for anesthesia device vendors in the long run. As per this global anesthesia devices market analysis, companies should also invest in the development of portable and patient-centric anesthesia devices for the future.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing number of outpatient surgeries and rising geriatric population are projected to bolster the demand for anesthesia devices over the coming years. However, the stringent regulatory requirements and absence of skilled professionals are estimated to impede market growth in the future. The presence of a developed healthcare infrastructure and the rising number of surgeries performed helps North America to spearhead the global demand for anesthesia devices. The development of portable and patient-centric anesthesia devices is expected to provide lucrative opportunities for market players across the forecast period and beyond.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 15.9 Billion |
Market size value in 2032 | USD 31.78 Billion |
Growth Rate | 8% |
Base year | 2024 |
Forecast period | (2025–2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Anesthesia Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anesthesia Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anesthesia Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anesthesia Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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