The global sales of anaesthesia machines is estimated to be worth USD 11,126.0 million in 2024 and anticipated to reach a value of USD 17,780.9 million by 2034. Sales are projected to rise at a CAGR of 4.8% over the forecast period between 2024 and 2034. The revenue generated by anaesthesia machines in 2023 was USD 10,616.4 million.
One of the primary drivers of the demand for anesthesia machines stems from the rising number of surgical procedures carried out in various regions across the world. The anesthesia machine is highly required to take care of patients' comfort and safety from impending danger. Such machines deliver anesthetic agents in an insufficient amount which can maintain adequate levels of sedation, pain relief, and muscle relaxation during surgery.
Thus pairing of the growth in surgeries with increases in anesthesia machine demand can be explored on several dimensions like technological, demographic, healthcare policy, among others. Technological advancements have eventually contributed to the adoption and growth of anaesthesia machines market.
Global Anaesthesia Machines Market Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 10,616.4 million |
| Estimated Size, 2024 | USD 11,126.0 million |
| Projected Size, 2034 | USD 17,780.9 million |
| Value-based CAGR (2024 to 2034) | 4.8% |
Other areas of surgical practice have been opened with the improvements together. For example, some of these machines are GE Healthcare's Aisys CS² and Dräger's Atlan A350/A350 XL, with complete electronic patient monitoring, comprehensive integrated systems for medical records, and automated anesthesia agent delivery for very near control that provides improved results to the patient.
According to the World Health Organization, the number of surgeries performed worldwide has increased. It is estimated that more than 300 million major surgeries were performed around the world way back in 2020. This trend is on the increase due to the rising cases of chronic diseases and aging populations globally.
According to the ACS, in the United States, from 2020 to 2023, surgical operations have seen a staggering annual increase of around 6%. This could be connected to improved surgical methods, better access to care, and an accumulation of elective surgeries postponed during the COVID-19 pandemic.
With the evolution of surgical tactics and an increasingly aging population worldwide, there is a projected increase in demand for trusted and efficient anesthesia machines, propelling the growth of this market. The link between these factors underlines that anesthesia devices are vital in current healthcare by guaranteeing safe and efficient surgery procedures for patients globally.
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The above table presents the expected CAGR for the global anaesthesia machines market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 5.9%, followed by a slightly higher growth rate of 5.3% in the second half (H2) of the same decade.
| Particular | Value CAGR |
|---|---|
| H1 | 5.5% (2023 to 2033) |
| H2 | 5.2% (2023 to 2033) |
| H1 | 4.8% (2024 to 2034) |
| H2 | 4.3% (2024 to 2034) |
The above table presents the expected CAGR for the global anaesthesia machines market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 5.5%, followed by a slightly higher growth rate of 5.2% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 4.8% in the first half and increase moderately at 4.3% in the second half. In the first half (H1) the market witnessed a decrease of -70.00 BPS while in the second half (H2), the market witnessed an decrease of -90.00 BPS.
The increase in neurosurgical procedures has become a significant growth factor for the anesthesia machines market.
The neurosurgery requires complex, delicate and highly intricate procedures that necessitate careful administration of anesthesia to promote the safety of patients as well as achieve the best outcomes surgically. Along with the initiation and growth of this demand for neurosurgeries, sophisticated anaesthesia machines have also been in demand.
A neurological evaluation is imperative before the initiation of neurosurgery. Many monitoring devices installed on the anaesthesia equipment used for neurosurgery follow data like intracranial pressure, brain oxygenation, and hemodynamic stability.
Similarly, the ever-increasing neurosurgical centers dedicated to the field and the number of neurosurgeons are adding to advanced anesthesia machines. With the enhanced healthcare infrastructure and ultimately the rise of advanced centers, the need for highly advanced equipment, including anesthesia machines, is also heightened. Such machines are able to sustain the intricacies of neurosurgical anesthesia.
The ageing global population is one of the main causes of the rise in neurological illnesses such as Parkinson's disease, Alzheimer's disease (AD), and cerebrovascular accidents (strokes). According to projections made by the World Health Organisation (WHO), the population of individuals sixty years of age or older is expected to double by the year 2050.
Growing older causes these problems to occur more frequently, which means that more senior people may need surgical procedures.
The use of robotic systems such as ROSA robotic system, CyberKnife has improved precision and safety in carrying out these operations. For instance, complicated surgeries necessitated by such hi-tech devices will demand advanced anesthetic management strategies that ensure immobility and safety of patients thereby increasing their supply.
These advanced automatic features enhance the functionality, safety, and efficiency of anesthesia delivery.
One of the most pivotal advancements in this field is the integration of automatic features into anesthesia machines, which is pushing the growth and evolution in the anesthesia machines market. These automatic features increase the precision, safety, and efficiency of anesthesia delivery for complicated modern surgical practices in different fields of medical specialties.
Automation in anesthesia machines is taking anesthetic drug administration to the high level of control and real-time monitoring so that effective anesthesia, given to patients at levels matching their reactions and clinical conditions throughout surgery, is ensured.
For Instance, GE Healthcare is a major player in the anesthesia machines market, known for its innovative technologies. They offer anesthesia workstations with touchscreen interfaces, advanced monitoring capabilities, and specialized ventilation modes to cater to diverse patient needs.
Additionally, Mindray Medical International, a Chinese company, has made significant strides in the anesthesia machines market. They offer anesthesia workstations with user-friendly interfaces, integrated EHR systems, and advanced monitoring features to enhance patient safety and clinical efficiency
Advanced anesthesia machines with automatic features incorporate complex monitoring of vital signs as heart rate, blood pressure, and pulse oximetry, all of which are continually monitored and very accurate, along with end-tidal CO2.
Modern, automatic anesthesia machine-integrated monitors enable the anesthesia provider to closely watch for patient responses and act in case of deviations from the norm. Finally, automated smart alarms and alerts increase patient safety through ranking of critical notifications, reducing alarm fatigue, and timely clinical responses against emergent situations.
This trend not only underscores the critical role of automation in modern anesthesia practice but also highlights ongoing innovations aimed at meeting the evolving needs of surgical teams and enhancing overall healthcare delivery.
The rising adoption of minimally invasive surgical procedures (MISPs) is a significant driver for the anesthesia machines market.
One of the major drivers for anesthesia machines is the rising adoption of MISPs, which has changed the way surgical practices work in most medical specialties. MISPs have several advantages over traditional open surgeries, as they reduce recovery time, in-patient time within the hospital, and the potential risks of complications; this allows for better patient outcomes.
The demand for such procedures is rising around the world, so anesthesia machines will become quite important to support the additional requirements brought about by minimally invasive surgeries.
In MISPs, patients may also be put in special positions or be subjected to pneumoperitoneum by gas insufflation, hence requiring anesthesia machines to change ventilation settings while maintaining optimal gas exchange efficiently.
Accordingly, anesthesia machines equipped with integrated monitoring systems for the continuous monitoring of vital signs, like oxygen saturation, end-tidal CO2, and respiratory parameters, continuously provide real-time feedback to anesthesia providers for proactive adjustments to ensure the safety of patients undergoing all types of minimally invasive procedures.
As healthcare providers increasingly adopt and embrace MISPs to improve patient outcomes and operational efficiencies, so will demand for advanced anesthesia machines with innovative features.
Lack of Skilled Anesthesiologists Affects the Anesthesia Machines Market.
One of the biggest challenges to the market for anaesthesia machines remains the lack of anesthesiologists, because their absence often reduces seriously the capacity of a medical facility to deliver anaesthetic services safely. Their role in post-operative pain management, administering anesthetics, become mainstays of surgical teams.
With a shortage of qualified anesthesiologist, the ratio between Anesthesiologists per machine is significantly less.
For that matter, this shortage therefore affects patient safety in that less-experienced providers may not maintain efficiency when dealing with complex cases or emergencies.
In this regard, addressing the need for training, encouraging innovations in anesthesia technology, and the continuous process of workforce development can help stakeholders lessen the impact of anesthesiologist shortages and continue to provide fuel for growth and innovation in the anesthesia machines market.
The enhanced capacity of the workforce and the support of health providers are immediately needed to deliver safe and effective anesthesia care that evolves to meet the changing needs of surgical patients worldwide.
Principal Consultant
The global anesthesia machines industry recorded a CAGR of 3.9% during the historical period between 2019 and 2023. The growth of anesthesia machines industry was positive as it reached a value of USD 10,616.4 million in 2023 from USD 8,701.5 billion in 2019.
It is in this field of anesthesia that AI and automation can make a meaningful difference in the functionality of anesthesia machines. With its advanced analytical capabilities, AI can process patient data in real-time and optimize the delivery of anesthesia, drug dosages, and even project anesthetic needs under the condition of the patient and the surgery performed.
This can become very critical in intricate surgical procedures where the maintenance of optimal anesthesia is important for the safety and outcome of the patient.
High-end anesthesia machines with advanced features, such as integrated patient monitoring, swift drug delivery, and enhanced safety features, are increasingly being used; all these features would account for the rise in average price of anesthesia machines and, subsequently, revenue growth.
Furthermore, growing demand for anesthesia machines in healthcare settings with improved safety features such as intelligent alarm systems and fail-safe mechanisms. These safety features are of critical importance in attempting to address the high standards of care required by healthcare providers and the international regulatory bodies.
This now opens the opportunity for manufacturers to come up with new innovations in terms of safety protocols and technologies that will not only achieve the expectations of the modern healthcare environment but far exceed them, all in improving patient care and safety.
Tier 1 companies comprise market leaders with a market revenue of above USD 100 million capturing significant market share of 52.2% in global market. Market players put more emphasis on investing in research and development, particularly in advanced technologies such as AI-driven anesthesia management and remote monitoring capabilities.
Geographical presence is strongly pursued by such healthcare companies through mergers, acquisitions, and partnering with healthcare providers to have market penetration. In addition, they have a strong belief in important issues like regulatory compliance and quality assurance, aiming to provide high-performance anesthesia machines, ensuring strict safety standards and helping to satisfy the changeable healthcare needs.
Prominent companies within tier 1 include DRE Medical, Maquet Getinge Group, GE Healthcare and Philips Healthcare.
Tier 2 companies include mid-size players with revenue of USD 50 to 100 million having presence in specific regions and highly influencing the local market and holds around 28.5% market share. These are characterized by a strong presence overseas and strong market knowledge.
These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Dameca A/S, Supera Anesthesia Innovations, Infinium Medical, Inc., Beijing Aeonmed Co. Ltd. and Beijing Yi Shiheng Electronic Technology Co., Ltd.
Finally, Tier 3 companies, such as Heyer Medical Aga and Narang Medical Limited while smaller, are essential for the market. They specialize in specific products and cater to niche markets, adding diversity to the industry.
Overall, while Tier 1 companies are the primary drivers of the market, Tier 2 and 3 companies also make significant contributions, ensuring the anaesthesia machines market remains dynamic and competitive.
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The section below covers the industry analysis for the anaesthesia machines market for different countries. Market demand analysis on key countries in several regions of the globe, including North America, Asia Pacific, Europe, and others, is provided. The United States is anticipated to remain at the forefront in North America, with higher market share through 2034. In Asia Pacific, South Korea is projected to witness a CAGR of 3.8% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 1.5% |
| Canada | 2.6% |
| China | 5.0% |
| France | 2.4% |
| India | 5.6% |
| Australia | 3.6% |
| South Korea | 3.8% |
USA anaesthesia machines market is poised to exhibit a CAGR of 1.5% between 2024 and 2034. Currently, it holds the highest share in the North American market, and the trend is expected to continue during the forecast period.
The anesthesia equipment market is dominated by the United States due to the well-established healthcare infrastructure and high demand for surgical procedures in the country.
The patient safety care culture and strict regulatory environment set up wide adoption of leading-edge anesthesia technologies in the country. Another factor contributing to this dominance is the constant advancement in medical technology and huge investments in R&D.
The USA conducts a large volume of surgeries every year, from the simplest to some highly specialized procedures, including cardiac neurosurgical and orthopedic surgery. All these procedures require advanced anesthesia machines capable of very accurate anesthesia care patients are monitored in real-time, and this delivery of anesthesia can even be changed as required.
It is therefore this high demand for advanced anesthesia technology that explains the dominant position held by the USA in this market.
It is further backed by the presence of prominent health care providers and strong collaborations between the industry stakeholders, making the United States the largest market for anaesthesia equipment worldwide.
East Asia, spearheaded by China currently holds around prominent share of the East Asia anaesthesia machines industry. China’s market is anticipated to grow at a CAGR of 5.0% throughout the forecast period.
In the area of medical technology, China has been surging, and domestic companies are now able to produce high-end anesthesia machines. These machines are incorporated with advanced features, such as integrated monitoring systems, precise drug delivery, and safety protocols, like international brands.
High-tech devices are in demand for both better patient results and making China a leading country for medical device manufacturers.
As the global manufacturing hub, there are advantages to producing anesthesia machines at a low cost in China compared to other countries. Such cost advantage will enable manufacturers from China to quote competitive prices that would mostly be more attractive in both the domestic and emerging markets.
The ability to produce high-quality machines at a low cost is also positioning China as the major exporter of anesthesia equipment and is further fueling growth in the market.
India’s anaesthesia machines market is poised to exhibit a CAGR of 5.6% between 2024 and 2034. Currently, it holds the highest share in the Asia Pacific market, and the trend is expected to continue during the forecast period.
As there is an increased number of private healthcare providers and a general obsession with attracting accreditation, there is generally a need to maintain high standards of care in India. Hospitals and clinics are investing in state-of-the-art anesthesia machines so that the institutions can compare to standards of care while ensuring patient safety. This quest for quality motivates the demand for advanced equipment for anesthesia.
The Indian healthcare sector is also emphasizing the training and skill development of anesthesiologists and technicians. As these professionals increasingly become proficient in handling advanced anesthesia machines, the possibility is that the adoption rate of such devices might increase, thus bolstering the market growth rate.
It is value for money in these machines that makes them significantly preferred not only in the domestic market but also in other new emerging markets of Asia, Africa, and Latin America. It is the current trend of Indian manufacturers-introducing global standard products at affordable prices-innovation and quality.
The section contains information about the leading segments in the industry. By modality, the portable anaesthesia machines segment holds the highest market share of 69.6% in 2024.
| By Modality | Portable Anaesthesia Machines |
|---|---|
| Value Share (2024) | 69.8% |
Portable anesthesia machines are leading the highest market share due to their versatility and ability to meet the emerging health needs. These machines are designed for mobility, allowing anesthesia delivery in various ambulatory settings, remote locations, or even emergency situations.
Moreover, technological strides have led to improvements in terms of efficiency, compactness, and user-friendliness of portable anesthesia machines. They can monitor, provide extremely accurate medication dispensers, are lightweight, and can be easily used and are safe for patients hence, they can be deployed usefully in a variety of surgical specialties.
This also benefits the healthcare provider because of reduced setup time, streamlined workflow, increased patient comfort, and hence greater adoption.
| End User | Hospitals |
|---|---|
| Value Share (2024) | 32.5% |
Hospitals are the largest end-users for anesthesia machines because they play a central role in surgical care and patient management.
This becomes possible since hospitals deliver quality healthcare, regulatory compliance, and also has continuous technological advancements in anesthesia equipment. Its paramount role as a healthcare giver and the possibility of integrating anesthesia machines into the greater scope of healthcare systems seal the deal for hospitals to remain as the principal end-users in the global anesthesia machines market.
As most of the hospitals have a huge and diversified patient population that consists of both inpatients and outpatients, it needs different types of anesthesia machines in order to cater to neonates, adults, the elderly, and patients with different health conditions. This huge patient base requires a fleet of anesthesia machines, each suiting specific surgery and patient care requirements.
Substantial investments are seen in the anaesthesia machines industry towards research and development in order to drive innovations such as bioresorbable, drug eluting patches and research for enhancing biocompatibility. Another key strategic focus of these companies is to actively look for strategic partners to bolster their product portfolios and expand their global market presence.
Recent Industry Developments in Anaesthesia Machines Market
In terms of modality, the industry is divided into standalone anaesthesia machines and portable anaesthesia machines.
In terms of end users, the industry is segregated into hospitals, surgical ambulatory centers, clinics and nursing facilities.
Key countries of North America, Latin America, Western Europe, Eastern, South Asia and Pacific, East Asia and Middle East and Africa (MEA) have been covered in the report.
The global anaesthesia machines market is projected to witness CAGR of 4.8% between 2024 and 2034.
The global anaesthesia machines industry stood at USD 10,616.4 million in 2023.
The global anaesthesia machines industry is anticipated to reach USD 17,780.9 million by 2034 end.
India is set to record the highest CAGR of 5.6% in the assessment period.
The key players operating in the global anaesthesia machines industry include GE Healthcare, Philips Healthcare, Mindray Medical International Limited and DRE Medical.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
5.1. By Modality
5.2. By End User
5.3. By Region
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Modality
6.1. Standalone Anaesthesia Machines
6.2. Portable Anaesthesia Machines
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End User
7.1. Hospitals
7.2. Surgical Ambulatory Centres
7.3. Clinics
7.4. Nursing Facilities
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, 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 Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
10. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
11. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Sales Forecast 2024 to 2034 by Modality and End User for 30 Countries
17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
18. Company Profile
18.1. DRE Medical
18.2. Maquet Getinge Group
18.3. GE Healthcare
18.4. Penlon, Inc.
18.5. Dragerwerk AG
18.6. Mindray Medical International Limited
18.7. Spacelabs Healthcare
18.8. Philips Healthcare
18.9. Narang Medical Limited
18.10. Heyer Medical AG
18.11. Beijing Yi Shiheng Electronic Technology Co., Ltd.
18.12. Beijing Aeonmed Co. Ltd.
18.13. Infinium Medical, Inc.
18.14. Supera Anesthesia Innovations
18.15. Dameca A/S
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Anaesthesia Machines Market
