Portable Anesthesia Systems Market size was over USD 11.64 Billion in 2023 and is expected to exceed USD 24.22 Billion by the end of 2036, growing at over 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of portable anesthesia systems is evaluated at USD 12.25 Billion. The growth of the market can be attributed primarily to the growing prevalence of chronic disorders around the world along with the rising global burden of diseases. According to the Centers for Disease Control and Prevention, a total of 51.8% of US adults had at least one chronic condition in 2018, while 27.2% suffered from multiple chronic conditions. The prevalence of the disease is highest among women, those who are older than 65, and residents of rural areas.
Digital surgical methods have been profoundly modified by portable and electronic systems. Moreover, the increasing disposable income, rise in hospital admissions, along with development of the innovative product by key manufacturers are anticipated to enlarge the global portable anesthesia systems market size during the forecast period.
Growth Drivers
Increasing Prevalence of Oral Health Conditions Worldwide -There are a lot of oral surgeries and procedures performed as a result of the rising prevalence of oral diseases among people. Around 25% of people are anxious about dental procedures and are concerned about pain. Today, dental anesthetics have many options. Depending on the type of surgery and its location, anesthetics can be short-acting if applied directly to a specific area or long-acting if they are applied to a larger area. As a result, the growth of the global portable anesthesia systems market is expected to drive during the forecast period. - According to the World Health Organization, more than 3.5 billion people are estimated to be affected by oral diseases globally.
Globally Rising Geriatric Population - The World Bank reported that the total number of people over 60 in 2021 was 747,238,580. Over the next few years, the number is expected to increase.
Growing Number of Surgical Procedures - The number of major surgeries performed worldwide each year is estimated at 300 million, of which 45 million are carried out in the United States and 22 million in Europe.
Increasing Healthcare Spending Worldwide - According to the data released by the Centers for Medicare & Medicaid Services, healthcare spending in the US accounted for USD 4.1 trillion in 2020, which represented 19.7% of the country's Gross Domestic Product.
Surge In Exports of Medical Appliances - A report by the International Trade Center (Trademap) states that the value of medical appliance exports in the United States in the year 2021 was USD 14,677,184 thousand, an increase over USD 13,315,317 thousand from the previous year.
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.8% |
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Base Year Market Size (2023) |
USD 11.64 Billion |
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Forecast Year Market Size (2036) |
USD 24.22 Billion |
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Regional Scope |
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End-user (Hospitals, Surgical Ambulatory Centers, Clinics, Nursing Facilities)
The global portable anesthesia systems market is segmented and analyzed for demand and supply by end user into hospitals, surgical ambulatory centers, clinics, and nursing facilities. Among these segments, the hospital segment is anticipated to capture the largest market size in the global portable anesthesia systems market owing to the increasing number of surgery procedures in hospitals around the world as well as the rising requirement for anesthesia machines for day-to-day surgical procedures. For instance, approximately 4000 surgeries were performed per year for an estimated 88,000 people in India. The most common surgeries were cataracts (22%), Caesarean section (4%), fractures (3%), and hernia (2%) surgeries.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By Surgery Type |
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By End-User |
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North American Market Forecast
The North America portable anesthesia systems market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. A rise in the incidence of cancer, and increasing surgical procedures, in the region along with the growing use of robots by medical institutions for surgical procedures, are expected to drive the portable anesthesia systems market in the region during the forecast period. According to the Centers for Disease Control and Prevention, in 2019, there were 1,752,735 new cancer cases reported in the United States, and there were 599,589 cancer deaths.
Avante Medical Surgical
Milestone Scientific, Inc. - announced that its CompuFlo Epidural Disposables has successfully evaluated, and henceforth it will be sold across three departments within UofL Healt . UofL Health has begun implementing the CompuFlo Epidural System for obstetric anesthesia within its pain clinic teams.
General Electric Company - received FDA approval to automate anesthesia delivery to its End-tidal (Et) Control software that will also reduce greenhouse gas emissions. GE Healthcare is the only manufacturer approved to offer general anesthesia delivery with end-tidal concentration control in the U.S.
Author Credits: Radhika Pawar
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