Anesthesia Machines Market Share

North America Market Forecast

North America anesthesia machines market is poised to capture revenue share of around 35.5% by the end of 2037, owing to an advanced healthcare infrastructure fueling a high volume of surgical procedures. The rising number of surgical procedures contributes to the surging demand for anesthesia machines. The revenue share of the region is led by the U.S. and Canada. The demand for effective anesthesia machines in large hospital networks and outpatient surgical centers with high patient throughput requires reliable anesthesia solutions. Additionally, the region is set to benefit from a robust regulatory framework fueling advancements in anesthesia medicines. For instance, in November 2023, Science News published research on a new brain-monitoring device that can automate the supply of controlled anesthetic dosages by the Massachusetts General Hospital and Harvard Medical School.

The U.S. is poised to lead the revenue share in the anesthesia machines market in North America. The market’s profitable surge in the country is attributed to the rising percentage of surgical procedures boosting demands for anesthesia machines. A major driver of the market in the U.S. is the increasing number of cosmetic surgeries owing to evolving beauty trends. The increasing surgical interventions for cosmetic procedures create a burgeoning end-user for anesthesia machines as they are adopted in hospitals as well as specialty plastic surgery clinics. For instance, the American Society of Plastic Surgeons released data for 2023 and estimated 347 thousand procedures performed indicating a 7% increase from 2022. Additionally, the society estimated a 6% increase in minimally invasive procedures from 2022. The favorable trends indicate a soaring market for anesthesia machines in the country.

Canada is poised to increase its revenue share in the North America anesthesia machines market. The growth in Canada is attributed to rising investments in the healthcare infrastructure and an increasing percentage of surgical procedures in the country. Additionally, demands to reduce the use of surgery anesthetics with a high carbon footprint in the country drive the need for advancements to lower GHG emissions. Businesses in the country can leverage burgeoning opportunities to provide effective anesthesia-delivering machines to various sectors. For instance, in February 2024, the U.S. Department of Defense awarded a USD 356 million contract to Thornhill Medical to provide innovative anesthesia and life-support equipment to the U.S. military.

APAC Market Analysis

APAC is poised to register the fastest revenue growth in the global anesthesia machines market. The market benefits from the rise of medical tourism due to comparatively lower healthcare costs in the regional countries, and boosting patient footfalls. Increasing patient footfalls and surgical procedures drive demands for anesthesia machines.

Emerging economies in APAC are significantly investing to improve their healthcare infrastructure. National programs investing in healthcare are poised to improve the adoption of anesthesia machines in remote and rural areas, increasing the revenue scope of the market. Additionally, APAC has a high-density population leading to a greater number of patients requiring surgical procedures. China, India, Japan, and South Korea lead the revenue share in APAC. For instance, Research Nester estimated the largest exporter of anesthesia machines globally in 2023 was China.

China is projected to register the largest revenue share in the APAC anesthesia machines market. The growth of the market in China is attributed to healthcare advancements and a robust medical equipment manufacturing hub, positioning the country to be vital in the global anesthesia machine export supply chain. The market is poised for a robust growth curve owing to the presence of robust medical device manufacturing players in the country catering to surging demands for effective and advanced anesthesia machines in the healthcare sector. Companies can leverage the burgeoning demands to increase their revenue share. For instance, in August 2023, Mindray introduced upgrades to the A series anesthesia systems for improved patient safety and efficiency.

India is projected to increase its revenue share in the anesthesia machines sector of APAC. The growth of the anesthesia machines market in India is owing to the rising prevalence of medical tourism and increasing surgical procedures. Additionally, the cosmetic surgery products sector is growing in the country, driving demands for efficient anesthesia machines in various healthcare settings. Companies are investing in automated anesthesia delivery machines to leverage the market’s opportunities and increase their revenue share. For instance, in October 2024, Shree Krishna Hospital in Gujarat announced an AI-based target-controlled infusion (TCI) system in anesthesia practice and claimed that the technology would allow precise intravenous administration of anesthesia drugs.