Global Anesthesia Machinery Market: Overview
Anesthesia is a kind of medicine that reduces or prevents the feeling of any sensation like pain during surgical procedures. Anesthesia medicine is given through inhaled vapors or injections to affect the nervous system of the patients by blocking the nerve impulses and thereby lowering the pain. General anesthesia is used for three major purposes namely, restrict body movement, blunt the stress response, and cause unconsciousness to the patient. However, modern-day medical science uses anesthesia machines to make the patient unconscious. Anesthesia machines also help in administering and monitoring the effects of anesthesia on patients. Such machines are installed in clinics, hospitals, ambulatory surgical centers, and other nursing facilities. The machine includes electrical, computer-controlled, and mechanical components to control and regulate the administration of anesthesia to the patient.
Global Anesthesia Machinery Market: Growth Factors
The growing number of surgical procedures all across the globe is likely to drive the growth of the global anesthesia machinery market with a high CAGR during the forecast period. The geriatric population is constantly increasing all across the globe and correspondingly a vast majority of the population is becoming vulnerable to various medical conditions that need surgery. However, the sedentary lifestyle and poor dietary habits of people are some of the reasons that are contributing significantly to the growing incidences of several diseases like cardiovascular and kidney disorders. However, the prominent market players and government authorities are increasing funding to fuel the technological advancements in the field of anesthesia machinery. Several technological advancements including electroencephalographic monitoring and bedside ultrasonography are likely to support professionals in surgical procedures. However, all such factors will accelerate the growth of the global anesthesia machinery market significantly during the forecast period.
Global Anesthesia Machinery Market: Segmentation
The global anesthesia machinery market can be segmented into end-user, product, and region.
By end-user, the market can be segmented into nursing facilities, clinics, surgical ambulatory centers, and hospitals. The hospital segment accounts for the largest share in the global anesthesia machinery market due to the wide utilization of this machine in hospitals owing to the large number of surgeries undergoing in hospitals. Both the large and small size hospitals have advanced anesthesia machines to counter-play with complex surgical procedures. However, the ambulatory surgical center segment is anticipated to witness huge growth during the forecast period.
By product, the market can be segmented into continuous and intermittent machines. The continuous anesthesia machinery will account for the largest share in the global anesthesia machinery market during the forecast period.
By application, the market can be segmented into ENT, urinary, digestive, cardiovascular, musculoskeletal, respiratory, and nervous system surgeries. The musculoskeletal system surgeries segment holds hegemony over others due to the rising incidences of musculoskeletal surgeries all across the globe.
By subject, the market can be segmented into urinary and human. The human segment dominates the global anesthesia machinery market due to the spike in incidences of chronic diseases in the geriatric population.
Global Anesthesia Machinery Market: Regional analysis
North America accounts for the largest share in the global anesthesia machinery market due to the wide adoption of computer-operated and robotics machines in the medical sectors. However, the growing number of surgical procedures in the region will vigorously boost the regional market in the forthcoming years. However, the presence of dominant market players in the region is another key factor that is likely to escalate the growth of the regional market during the forecast period.
Asia Pacific is foreseen to witness exponential growth during the forecast period due to the growing healthcare expenditure from government authorities in order to strengthen the regional healthcare infrastructure.
Global Anesthesia Machinery Market: Competitive Players
Some of the significant players in the global anesthesia machinery market are Vyaire Medical Inc., Teleflex Incorporated, Smiths Group Plc., Mindray DS USA Inc, Koninklijke Philips N.V., HEYER Medical AG, General Electric Company, Fisher & Paykel Healthcare Limited, Drägerwerk AG & Co. KGaA, and Cardinal Health Inc.
Global Anesthesia Machinery Market: Regional Segment Analysis
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