Anesthesia devices Market Size

Anesthesia devices Market size was valued at USD 17.98 billion in 2024 and is set to exceed USD 57.67 billion by the end of 2037, registering over 9.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of anesthesia devices is evaluated at USD 19.33 billion.

The market growth is primarily driven by a higher number of people suffering from cardiovascular diseases, cancer, and others. Moreover, the increasing prevalence of chronic diseases such as cardiovascular disease, cancer, and others is leading to a higher demand for surgical procedures, which in turn is driving the demand for anesthesia devices. In the United States, cardiovascular disease claims one life every 34 seconds. Moreover, every 1 in 5 deaths in the United States in 2020 was caused by heart disease, which claimed about 7000,000 lives. Furthermore, in 2020, there were around 18,0oo billion new cancer cases reported worldwide. In 2020, the combined age-standardized rate for all malignancies, excluding non-melanoma skin cancer, was 190 per 100,000.

Additionally, the aging population and the increasing adoption of minimally invasive surgical procedures are also driving anesthesia devices market growth. Minimally invasive procedures, such as laparoscopic surgery, require the use of specialized anesthesia devices, which is contributing to the growth of the market. Besides this, the global anesthesia market growth is also attributed to a higher number of surgical procedures performed, which can be done for many causes, including cancer, organ transplantation, bypass surgery, and others. According to the estimates, around 129,681 organ transplants took place globally in 2020. The kidney, liver, and heart are the three organs that are transplanted the most globally. Furthermore, nearly 60% of cancer cases require surgical care, and around 17 million die every year globally from a lack of timely surgical care. In addition, nearly 90% of maternal deaths can be prevented by the intervention of obstetric surgery.