Anesthesia Machine Market size was valued at USD 12535.1 million in 2020 and is expected to reach USD 24658.52 million by 2030 with the CAGR of 7% during 2020-2030. Anesthesia refers to the practice of dispensing medications by injection or by inhalation that block the feeling of pain and other sensations or that produce a deep state of unconsciousness which allows surgical procedures to be undertaken without causing undue distress or discomfort. The anesthesia machine is a device which delivers a variable gas mixture, including anesthetizing and life sustaining gases for the purpose of maintaining anesthesia. The anesthetic machine dispenses the gases that are necessary to induce sleep and prevent pain during surgical procedures or other potentially painful manipulations. Continuous developments have been observed in designing of anesthesia machines with respect to efficiency, patient safety and convenience. Modern anesthesia machines have undergone relentless technological transformation providing sophisticated, fully-integrated and computer-based contemporary versions which greatly increases the patient safety.

Market Segmentation:

On the basis of type, anesthesia machine market is segmented into standalone anesthesia machine, portable anesthesia machine and anesthesia workstation. According to end user, the market is classified into hospitals, ambulatory surgical centers and clinics. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

The key driver of anesthesia machine market is the rising number of surgeries performed around the globe. Growing geriatric population, increasing number of cesarean section procedures and rise in the road accidents around the globe will result in significant growth in the surgeries. According to ‘science daily’, globally, the number of babies born through caesarean section almost doubled between 2000 and 2015, from 12% to 21% of all births which increases the demand for anesthesia machines. In addition, rise in the road accidents across the globe will further propel the anesthesia machine market demand. For instance, road accidents in India claimed over 1.5 lakh lives in the country in 2018. Moreover, continuous improvements in healthcare sector and rising health care expenditure are supporting factors boosting the anesthesia machine market growth. World Health Organization stated that the proportion of the world's population over 60 years will nearly double from 12% to 22% between 2015 and 2050. Further all the countries will face major challenges to ensure that their health and social systems are ready to make demographic shift. In addition, the growing number of surgeries performed around the globe is expected to further drive the anesthesia machine market. On the contrary, lack of skilled anesthesiologists is expected to hamper anesthesia machine market growth to certain extent.

Geographic Analysis:

North America holds the largest anesthesia machine market share in terms of revenue due to advanced healthcare infrastructure mainly in U.S. and Canada. Europe is holding the second largest anesthesia machine market share owing to the large patient pool and growing geriatric population in the region. Furthermore, Asia Pacific is likely to expand with fastest CAGR owing to increasing investment in healthcare and growing population in certain countries like India and China.

Competitive Scenario:

Some of the major players of global anesthesia machine market are GE Healthcare, DRE Medical, Inc., Fisher & Paykel Healthcare, Teleflex Inc., Koninklijke Philips N.V, Draeger, Smiths Medical, Philips Healthcare, Masimo Corporation, and Covidien plc.

Anesthesia Machine Market Report Scope