The Anesthesia Equipment Market valuation is USD 8.1 billion in 2023. Businesses across different sectors increasingly recognize the transformative potential of healthcare. This lays the groundwork for substantial growth, with estimates suggesting the market could surpass USD 15.9 billion by 2033. This growth trajectory is underpinned by an exceptional CAGR of 7.0%, highlighting the market's remarkable potential over the next decade.
| Attributes | Details |
|---|---|
| Anesthesia Equipment Market Size in 2023 | USD 8.1 billion |
| Projected Market Size by 2033 | USD 15.9 billion |
| Value-based CAGR from 2023 to 2033 | 7.0% |
Key Highlights
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Rising Chronic Diseases Worldwide Driving Market Growth
There is an uncontrollably high number of patients in the neurological and cardiovascular departments. The majority of developed nations, like the United States and Brazil, have sedentary lifestyles that have led to an endless number of chronic ailments, which has increased demand for anesthesia equipment.
The epidemic has made it more difficult for hospitals to perform procedures and conduct routine patient follow-ups. Depending on the severity of the procedures, the market is able to stabilize itself at subsequent times.
Growing Need for Anesthesia Equipment for Surgical Procedures
In recent years, the rising number of surgical procedures worldwide owing to diseases such as obesity, cancer, cardiovascular, and others is expected to drive the market over the forecast period. The equipment is mostly used in operating rooms of hospitals, leading to the rising necessity for surgeries across the world.
The growing safety awareness owing to advanced safety features is expected to create significant opportunities for the anesthesia market in the coming years
The Anesthesia Equipment Market is projected to grow at a rate far eclipsing the rate during the historical period from 2018 to 2022. Rising technology advancements and other factors are all suggested to contribute to the immense growth in the market.
| Historical Market Valuation, 2022 | USD 7.5 billion |
|---|
On the other hand, the demand for healthcare technology management during the COVID-19 pandemic has increased. Also, the adoption rate of advanced technologies and devices increased at the time, leading to immense growth observed in the Anesthesia Equipment Market.
However, the COVID-19 pandemic boosted the use of pharmaceutical equipment due to increasing COVID-19 cases day by day.
Principal Consultant
| Countries | CAGR (2023 to 2033) |
|---|---|
| United States | 7.1% |
| United Kingdom | 8.0% |
| China | 7.7% |
| Japan | 7.5% |
| South Korea | 5.3% |
The rising focus on new developments for new innovations in pharmaceutical manufacturing equipment is expected to drive the growth of the market. Furthermore, increasing technological advancement in the United States is expected to create lucrative opportunities in the market.
The increasing number of surgeries and adoption of advanced healthcare devices in the region is expected to create significant opportunities in the market by shifting citizens' preferences toward technological advancement and safety.
The well-equipped infrastructure and medical technology are expected to drive the market in the forecast period in a region. Increasing R&D research activities to create innovative products and technologies is also expected to create lucrative opportunities in the region.
The increasing use of anesthesia monitors for display and record delivery of various anesthetic substances is expected to show immense growth over the coming years. The rising number of admissions to emergency settings in hospitals due to injuries and accidents is expected to boost the market growth in the region.
Market growth is increasing day by day owing to factors such as low manufacturing costs and increasing number awareness of orthopedic problems in the region. Increasing foreign investments from various pharma companies offering China is expected to create immense opportunities for the Anesthesia Equipment Market in the coming years.
Furthermore, rising government initiatives for the pharmaceutical industry across the region are expected to drive the growth of the market.
Rising orthopedic surgeries and complications are expected to create lucrative opportunities for the anesthesia market in the region. Moreover, the increasing number of aging population owing to the growing number of surgeries is expected to drive the market growth in the region.
Growing chronic diseases such as neurological disorders, cardiovascular disease, and other diseases are expected to create significant opportunities for market growth in the coming years.
| Top Product Type | Anesthesia devices |
|---|---|
| CAGR (2023 to 2033) | 6.7% |
The anesthesia devices segment is expected to grow at a 6.7% CAGR over the forecast period. The anesthesia devices segment is dominating the market owing to increasing use in surgical procedures.
Anesthesia devices include anesthesia machines, ventilators, and other devices for various types of procedures. Increasing treatment using anesthesia devices is expected to boost the segment’s growth over the coming years.
| Top Application | Orthopaedic |
|---|---|
| CAGR (2023 to 2033) | 6.5% |
The orthopedic segment is expected to grow at a CAGR of 6.5% over the forecast period. The orthopedic segment dominated the market over the forecast period due to the increasing aging population worldwide. Moreover, rising accidents, as a result, the joints and bones are expected to create immense opportunities in the market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The key players are increasingly leveraging the benefits of collaborations. Manufacturers are taking advantage of partnerships with hospitals, mergers with other manufacturers in the market, acquisitions, and more collaborative strategies.
The market is highly fragmented, with several key players enjoying their share. Equipment manufacturers are also receiving increasing approvals from several governments to enhance their pharmaceutical infrastructure for medical purposes.
Recent Developments in the Anesthesia Equipment Market
The global Anesthesia Equipment Market is worth USD 8.1 billion in 2023.
Market demand for healthcare pharmaceutical equipment is driven by the rising prevalence of chronic diseases worldwide.
The market size is projected to surpass USD 15.9 billion by 2033.
The pharmaceutical sector experiences a high demand, with a projected CAGR of 6.5%, indicating sustained growth owing to the rising aging population.
The markets in the United States, the United Kingdom, Japan, and China drive the demand for anesthesia equipment.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Anesthesia Devices 5.2. Disposables 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Orthopedics 6.2. Neurology 6.3. Urology 6.4. Respiratory Care 6.5. Cardiology 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospitals 7.2. Clinics 7.3. Ambulatory Surgical Centers 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. KONINKLIJKE PHILIPS N.V 18.2. DRÄGERWERK AG & CO. KGAA 18.3. GE HEALTHCARE 18.4. BEIJING AEONMED CO., LTD. 18.5. MEDTRONIC PLC 18.6. GETINGE AB 18.7. BECTON, DICKINSON AND COMPANY 18.8. FISHER & PAYKEL HEALTHCARE CO. LTD. 18.9. MEDEC INTERNATIONAL BV 18.10. SKANRAY TECHNOLOGIES LTD. 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Healthcare Insights
View Reports
Anesthesia Equipment Market
