The anesthesia devices market size is set to post an incremental growth of USD 1.78 billion during 2021-2025. The market will be progressing at a CAGR of 7.2% during the forecast period. Technavio's anesthesia devices market analysis provides a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business. Unlock Sample Analysis Report
The anesthesia devices market is segmented by Product (Anesthesia monitors, Anesthesia delivery machines, Anesthesia vaporizers, and Anesthesia disposables) and Geography (North America, Europe, Asia, and ROW). The anesthesia devices market share by the anesthesia delivery machines segment will be significant during the forecast period.
By geography,37% of the anesthesia devices market growth will originate from North America. Factors such as the growing prevalence of chronic diseases and associated risk factors will facilitate the anesthesia devices market share in North America over the forecast period.
In addition, the integration of anesthesia machines with hospital information management systems is one of the major anesthesia devices market trends which will have a positive impact on the market growth. However, the high cost of anesthesia devices will be a major challenge for the anesthesia devices market growth during the forecast period. Technavio's research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
The increasing number of surgeries requiring general anesthesia is one of the primary factors driving the growth of the anesthesia devices market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ambu AS, B. Braun Melsungen AG, Becton, Dickinson and Co., Dragerwerk AG & Co. KGaA, General Electric Co., Koninklijke Philips NV, Medtronic Plc, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Group Plc, and Teleflex Inc. are some of the major anesthesia devices market vendors.
The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the PDF Sample Report