Transparency Market Research
The demand within the global market for anaesthesia machines has been rising on account of advancements in the domain of medical surgery. Anaesthesia has been used within the medical industry for several decades, and this is an inherent driver of demand within the global anaesthesia machines market. The domain of medical surgery has witnessed the most spectacular advancements over the past few years. Anaesthesia machines are one such advancement that has significantly helped in desensitizing body parts during surgeries. Hence, the global demand for anaesthesia machines is projected to keep escalating in the years to follow. Moreover, the total revenues within the global anaesthesia machines market shall also increase in the years to come.
The rising incidence of chronic diseases that require surgical treatments has played a major role in market growth. The presence of anaesthesia machines helps medical practitioners in fast-tracking treatments and avoiding unwanted hassles. Hence, the global outreach of the anaesthesia machines market has been expanding in recent times. Presence of multiple healthcare institutes that are focusing on the use of anaesthesia machines instead of manual anaesthesia modes has also aided market growth. It is safe to assert that the global anaesthesia machines market would tread along a path of seamless growth over the next decade.
On the basis of geography, the global anaesthesia machines market has been segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The market for anaesthesia machines in North America has been expanding alongside advancements in the field of medical surgery.
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.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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