Anesthesia Machines MarketSize and Trends

Geriatric population is highly susceptible to diseases and thus, account for a large proportion of the global patient population. According to United Nations, Department of Economic and Social Affairs, Population Division, the global population aged 60 & above increased by 68% in urban areas and by 25% in the rural areas between 2000 and 2015. This rise in geriatric population scenario is shaping favorably for sustained growth of anesthesia machines market over the following decade. Furthermore, the rise in surgical procedures and increasing accident and trauma cases serve as the driving factor for the growth of the market. According to World Health Organization, around 266.2 to 359.5 million surgeries were performed in 2012, which represents a 38% increase over the previous 8 years.

Latest machines launched in 2015 and 2016, in the global anesthesia machines market, such as the Venor Xenon workstation (Chirana Medical), Felix Dual (Air Liquide Medical system) and Tangens 2C (EKU Electronics), have the advanced features to recycle and reuse xenon, making it cost effective and helping professionals to use xenon based anesthesia simultaneously with conventional nitrous oxide based anesthesia.

The continuous improvements in healthcare sector and adoption of minimal invasive surgeries are favoring the growth of anesthesia machines market. By geography, North America holds the major share due to advanced healthcare infrastructure and is followed by Europe and Asia Pacific, respectively. According to a study published in NCBI in 2014, there has been a significant increase of 31.3% in minimal invasive surgical procedures from 2007 to 2012. Among Asian countries, China and India are shown to experience a considerable market growth due to the large patient pool and increasing number of hospitals. As per Association for Safe International Road Travel (ASIRT), over 90% of the total road accidents occurs in low and middle-income countries.