The global portable anesthesia systems market is expected to accumulate USD 493.6 million in value by 2023 end. During the forecast period from 2023 to 2033, a CAGR of 6.6% has been projected for the market, with an expected closing value worth USD 933.4 million.
Surging hospital admissions and the prospects of digital surgical platforms to strengthen the efficacy of existing surgical procedures are growth drivers for the computer-assisted anesthesia systems market.
| Attributes | Details |
|---|---|
| Portable Anesthesia Systems Market Share (2022) | USD 462.8 million |
| Portable Anesthesia Systems Market Share (2023) | USD 493.6 million |
| Portable Anesthesia Systems Market Share (2033) | USD 933.4 million |
| Portable Anesthesia Systems Market Share (2023 to 2033) | 6.6% |
| Prime Market Attraction | Significant cost savings in pre-and post-operative care, along with faster recovery, are also propelling the development of the computer-assisted anesthesia systems market. |
The introduction of computer-assisted technology systems has profoundly impacted digital surgical methods. Computer-assisted anesthesia systems are one such method. Computer-assisted anesthesia systems now include dynamic pressure sensing technology, as well as customized flow rates for each injection type.
During an injection, the digital platform governs the flow rate and pressure of local anesthesia. It is much more comfortable than a syringe, reduces anxiety, and can eliminate contractual numbness. With the emergence of computer-assisted anesthesia systems, surgeons can plan surgical procedures ahead of time and perform a more accurate method.
The technology can adapt methodologies to each patient's unique anatomy. During surgery, the physician must accomplish the required task. Still, computer-assisted anesthesia systems navigate the surgeon's tools according to a pre-specified method to safely and effectively place the injection in the precise pre-planned locations.
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The key driving factors for the computer-assisted anesthesia systems market are hospital cost reduction through reduced length of stay in hospitals and population aging. Top manufacturers offer new computer-assisted anesthesia systems that redefine the global standard of care for injection techniques by making life more convenient for the patient and reducing anxiety and stress for the healthcare provider.
Using computer-controlled pressure-sensing capabilities, computer-assisted anesthesia systems have been shown to be effective in prescribing medicine in the intra-articular space. This eradicates the need to use a manual syringe to locate the intra-articular space and minimizes the margin for error when injecting the exact quantity of medication. Surging hospital admissions and the prospects of digital surgical platforms to strengthen the efficacy of existing surgical procedures are also growth drivers for the computer-assisted anesthesia systems market.
Significant cost savings in pre-and post-operative care, along with faster recovery, are also propelling the development of the computer-assisted anesthesia systems market. The principal uses of computer-assisted anesthesia systems include dynamic pressure sensing technology, controlled needle exit pressure, precise flow rate, drug volumes, and others. The ability of these methods to integrate with digital platforms is expected to account for its dominant share.
The market has faced several challenges as companies reallocate their resources to operate within the constraints imposed by the pandemic. In addition, the high cost of the products has stifled market growth in recent years.
The Asia Pacific region, excluding Japan, Japan, and the Middle East and Africa, is expected to be the fastest-growing market for computer-assisted anesthesia systems, an account of increasing awareness among physicians and patients about the treatment of spinal disorders with high accuracy and safety, along with widespread adoption of robots for surgical procedures by medical institutions.
Market research specialist According to Future Market Insights, the Asia Pacific market for portable anesthesia systems is anticipated to boost growth during the forecast period.
North America is estimated to be the leading market for computer-assisted anesthesia systems due to the elevated surgical procedure standards and innovation by key market players. The use of portable anesthesia systems has grown rapidly. Due to their rapid onset and offset activity, portable anesthesia systems are a highly preferred agent in some developed regions/countries, such as the United States. It also allows for faster recovery and efficient handling all through intra-procedural titration.
Some factors driving this market in North America include an increase in the demand for surgeries and a substantial increase in the geriatric population. According to a WHO report, the population of the United States has increased by 17% in 2020.
The market in North America is poised to increase significantly in the coming years, owing to well-developed healthcare systems, an appropriate reimbursement scenario, and the implementation of new and advanced techniques. In 2022, the North American region acquired nearly 33.0% share in the Portable Anesthesia Systems market and was projected to maintain the governing growth throughout the forecast period, states Future Market Insights.
Who are the Key Players in the Global Portable Anesthesia Systems Market?
Some key players in the Portable anesthesia Systems market are WandDental, Inc., Milestone Scientific, Inc., Evident, etc. The key development in the portable anesthesia systems market is as follows:
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| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Application; Surgery Type; End Users; Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The growing demand for portable anesthesia systems in China is driving the growth of the Asia Pacific market.
The increasing demand for portable anesthesia systems in Germany is driving the growth of the Europe market.
The booming IT sector has necessitated the adoption of portable anesthesia systems globally.
The United States held 25% of the global market share in 2022.
The Asia Pacific market is expected to witness the highest CAGR of 6% through 2033.
| Market Size (2023) | USD 4,978.1 million |
|---|---|
| Market Projected Size (2033) | USD 6,898.4 million |
| Forecasted Value CAGR (2023 to 2033) | 3.3% |
| Industry Value in 2023 | USD 59.28 billion |
|---|---|
| Industry Value in 2033 | USD 163.84 billion |
| Industry CAGR (2023 to 2033) | 10.7% |
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Portable Anesthesia Systems Market
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