Global Anesthesia Gases Market: Regional Insights
Based on geography, the global anesthesia gases market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Among regions, North America is expected to gain highest share in the market over the forecast period owing to the increasing number of surgical procedures and rising geriatric population in the region. For instance, the global population is ageing rapidly, which in turn is increasing the burden or prevalence of chronic diseases. More than 85% of older adults have at least one chronic health condition, and 60% have at least two chronic conditions, according to the U.S. Centers for Disease Control and Prevention (CDC). Therefore, there is an increasing demand for anesthesia gases in this region, driving the growth of the market.
Asia Pacific is also expected to witness robust growth in the global anesthesia gases market due to the rise in number of emergency cases and growing geriatric population in the region. For instance, increase in number of emergency cases and growing geriatric population have created a demand for surgeries, which in turn has increased demand for anesthesia gases. India’s elderly population (aged 60 & above) is expected to reach 194 million in 2031 from 138 million in 2021, 41% increase over a decade, according to the National Statistical Office (NSO)’s Elderly in India 2021 report. This in turn is driving the growth of the market.
Figure 1. Global Anesthesia Gases Market Share (%), by Region, 2022
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