Anesthesia devices Market Trends

Growth Drivers

Rising Prevalence of Chronic Diseases- Chronic disease involves diabetes, heart issues, cancer, and others. In many cases, patients with heart issues and cancer get to the stage of needing surgery. Therefore, anaesthesia device demand also increases. The World Health Organization estimates that cardiovascular diseases claim the lives of almost 18 million people worldwide each year.
Surging Population of Old Adults- The global geriatric population is rising every year. One in six individuals on the planet will be 60 or older by 2030. Moreover, globally between 2020 and 2050, the number of people 80 or older is projected to triple, reaching 426 million as per the statistics of the World Health Organization.
Requirement of Surgical Procedure is Increasing- The demand for anesthetic equipment rises, along with the number of surgeries conducted globally. More than 310 million surgical operations are performed every year throughout the world. Furthermore, surgery is needed to treat almost 11% of diseases worldwide.
Growing Need for Anesthesia- Anesthesia is a medical aid that prevents patients from feeling the process of ongoing surgery. The rising cases of surgical care are boosting the demand for anesthesia. As of April 2020, it was projected that Japan had executed around 67% more general anesthetic cases than it had in 2015.
Technological Advancement of Anesthesia Devices- A global leader in innovative healthcare technology, Mindray, launched the new anesthesia systems A9 and A8, in Europe. The new system has cutting-edge technologies that cater to physicians' needs during the whole perioperative phase, enabling them to give patients precise, stable, and safe anesthesia.

Challenges

High Costs of Anesthesia Device Installation and Maintenance
Illegal Sales of Anesthesia in the Market
Side Effects Associated with Anesthesia Intake - Millions of people undergo medical operations each year while being anesthetized safely. Anesthesia does, however, come with some danger. Lung collapse, malignant hyperthermia, cognitive impairment, and nerve damage are possible side effects. These potential side effects are expected to impede the anesthesia devices market.

Anesthesia devices Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~9%
Base Year Market Size (2022)	~ USD 15.0 Billion
Forecast Year Market Size (2035)	~ USD 28.0 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Base Year	2024
Forecast Year	2025-2037
CAGR	9.3%
Base Year Market Size (2024)	USD 17.98 billion
Forecast Year Market Size (2037)	USD 57.67 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of anesthesia devices is evaluated at USD 19.33 billion.

The 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. Rising prevalence of chronic disease, rise in the surgical procedures being carried out, rise in the geriatric population, and innovation in the anesthesia devices system, will boost the market growth.

North America industry is expected to account for majority revenue share by 2037, on account of a higher number of people suffering from chronic disease and a higher number of people who need organ transplantation in the region.

The major players in the market include Medtronic PLC, B.Braun Melsungen AG, DrÃƒÂ¤gerwerk AG & Co. KGaA, General Electric Company, Koninklijke Philips N.V., Schiller AG, Criticare Systems, Inc., HEYER Medical AG, Infinium Medical, Inc., General Meditech, Inc.

Anesthesia devices Market Trends