Type III anesthesia gas evaporators propelling growth of the overall market
Rise in usage of anesthesia machines to support burgeoning growth in number of surgeries, will result in an increase in demand for anesthesia gas evaporators as it is an interface linked to the machines directly. Besides, the adoption of anesthesia gas evaporators in the market has been fueled by the rise in geriatric population, increasing surgical procedures and increase in accidental and trauma cases. As per WHO, around 234.2 million surgeries are performed every year worldwide. According to the U.S. Department of Commerce (2012), global population has reached 7 billion, out of which 562 million were aged 65 and above. Also according to World Health Organization (WHO), the geriatric population increased by 55 million in 2015, accounting for 8.5% of the total population compared to 2014.
Market- Trends
Geographically, the anesthesia gas evaporator market has been classified into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America hold the major share due to higher per capita income and technological advancement. Also, rise in health concerns among the people formed a major factor for rise in surgical and minimally invasive procedures in the U.S. According to American Society of Plastic Surgeons (ASPS), around 15.9 million surgical and minimally-invasive cosmetic procedures performed in the U.S. in 2015 which showed a 2% increase over 2014.
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