Portable Anesthesia Systems Market Trends

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

• Increasing Risk of Bacterial Infections - the potential risk of infection related to anesthesia may lead to serious infectious outcomes including death. As anesthesia care interrupts two of the body's significant defense mechanisms and can be transmitted from patients by aerosol, even anesthesiologists are at high risk for infection along with the patient.
• High Cost Associated with The Product
• Costly Maintenance and Installation