Anesthesia Machines Market

Anesthesia Machines Market Size, Share Analysis by Form (Portable, Standalone Anesthesia Machines), by Product (Anesthesia Ventilators, Anesthesia Monitors, Anesthesia Delivery Machines), by Subject, by Clinical Indication, Region – Global Forecast to 2031

Analysis of Anesthesia Machines market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Anesthesia Machines Market Outlook

The global anesthesia machines market reached a valuation of around US$ 11 Bn in 2020, which amounts to around 11% share of the overall surgical devices market.

Anesthesia Machines Market Size in 2020 US$ 11 Bn
Sales Forecast for Anesthesia Machines by 2031 US$ 20 Bn
Global Market Growth Rate (2021 to 2031) 6% CAGR
Share of Top 5 Companies 55%

Sales of anesthesia machines are slated to rise at a CAGR of 6% to top US$ 20 Bn by 2031. Demand for anesthesia monitors is set to increase at a CAGR of 5% across the assessment period of 2021 to 2031.

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Demand Analysis of Anesthesia Machines 2016 to 2020 Vs Market Outlook for 2021 to 2031

As per Fact.MR, a market research and competitive intelligence provider, the global anesthesia machines market was valued at US$ 11 Bn in 2020.

Increasing geriatric population and rising prevalence of chronic disorders such as diabetes, high cholesterol, and cancer are expected to rise the demand for anesthesia machines over the next ten years.

The anesthesia machine or Boyles machine is medical care equipment used by anesthesiologist assistants, anesthesiologists and nurse anesthetists to facilitate the administration (anesthesia) anesthesia system technology.

Modern machines are integrated with patient monitoring devices, suction units and ventilators. Continuous development of short-acting anesthetics, rising sales of anesthesia monitors, and growing demand for anesthesia workstations are driving the market growth.

Factors such as rising healthcare expenditure, growing medical tourism, and increasing demand for anesthesia standalone delivery machines will support the growth of the market.

All of these factors are expected to drive the market at 6% CAGR across 2021 to 2031 and pave the way for more opportunities for the anesthesia machinery market.

What are the Main Factors Fueling Market Growth for Anesthesia Machines?

Anesthesia machines have undergone a relentless technological transformation. Oppose to the conventional pneumatic systems, the contemporary versions are more sophisticated, fully integrated and computer-based.

As the global population continues to surge, more number of minimally invasive surgeries are taking place on a day-to-day basis, which is reflecting favorably on global sales of anesthesia machines.

Currently, most machines support the continuous flow anesthetic system, which is designed to manage a continuous and accurate flow of medical gases (such as nitro oxide or oxygen), diluted with a measured concentration of anesthetic gas. Anesthesia system technology ensures an uninterrupted and controlled supply of anesthetic gases to the patient.

Moreover, incessant technological advancements in anesthetic systems are boosting their adoption in the healthcare industry.

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What Restraints are Being Faced by Anesthesia Machine Manufacturers?

Stringent government regulations and high installation costs are some of the factors that are expected to stymie market expansion to some extent.

A key limitation for the anesthesia devices market is the risk of contamination caused by the use of anesthetic machines during surgical procedures. This is mostly due to increase in the number of surgeries and use of anesthetic machines, which increases the risk of bacterial infections. Microorganisms frequently infect anesthesia devices.

One example is the exterior section of an anesthetic machine, which includes bacteria that can be transported from the equipment to the anesthetist and then to the patient, causing bacterial contamination and illness.

Creation of anesthetic systems is a time-consuming and complicated process, and lack of standards for their validation and repeatability is hindering anesthesia machinery market growth.

Which Region is a Lucrative Market for Anesthesia Machine Manufacturers?

The anesthesia equipment market in North America is expected to retain its top position over the forecast period. In addition, the North American regional market is projected to expand 1.2X by 2031.

This is primarily owing to the high adoption rate of advanced medical care systems, including anesthesia machines, and growing demand for anesthesia workstations in the region.

Large spending on healthcare and an increase in pipeline efforts in research & development to increase the effectiveness of anesthesia machinery are expected to fuel market growth.

Anesthesia machines market regional analysis by Fact.MR

Country-wise Analysis

What is the Anesthesia Machines Demand Outlook for the U.S.?

The U.S dominates the global market for anesthesia machines in terms of revenue. The market is expected to increase 1.6X by 2031.

Growth in number of procedures, both, open and minimally invasive, has been attributed to rise in disorders such as obesity, cardiovascular problems, and various forms of cancers, which is creating opportunities for manufacturers of anesthesia machines in the U.S.

Expansion of the market in the country has been aided by rise in the number of minimally invasive procedures for chronic conditions, growing demand for anesthesia delivery machines, and increasing sales of computer-controlled anesthesia machines.

Why are Sales of Anesthesia Machines Flourishing in China?

The market in China for anesthesia machines is projected to expand at a high pace owing to the enormous patient pool and rising number of surgeries, such as cardiovascular and bariatric, as well as high cancer prevalence.

Moreover, health insurance coverage that is advantageous, economic development, and growing demand for intermittent flow anesthetic machines are all expected to fuel the sales of anesthesia ventilators in China.

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Category-wise Insights

Why are Anesthesia Monitors Gaining Immense Popularity in the Market?

Anesthesia monitors hold a significant market share. Sales of anesthesia monitors are expected to increase 2.2X over the forecast period.

Anesthesia monitors are used to tracking and display the administration of anesthetic chemicals to the patient, such as gases, medications, and fluids. During surgery, these are utilized to monitor the patient's health and response to the anesthetic indication.

The market is expected to increase because of integration of multiple features such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, as well as decision support systems and data analysis to help physicians gain better insights into their patients.

New monitoring approaches are driving industrial innovation, such as monitoring anesthetic depth, goal-directed fluid treatment, advanced neurological monitoring, improved alarm systems, and technical breakthroughs in objective pain evaluation.

Rising investments in anesthesia monitors that enable technical developments are having a significant impact on market growth, allowing for faster implementation in the healthcare industry.

Why is Demand for Anesthesia Machines High from Hospitals?

Anesthesia machines are commonly used in hospitals, ambulatory surgery centers, and clinics, among other healthcare and nursing facilities. To deal with day-to-day surgical procedures, both, small and major hospitals use advanced anesthesia devices.

With rising demand for endotracheal tubes, laryngeal mask airways, and portable anesthesia machines in various surgical procedures, top anesthesia machine manufacturers are targeting hospitals for the sales of their gadgets. Every day, multifunctional hospitals deal with a variety of surgical procedures, increasing the need for anesthetic devices.

Demand for hospitals is increasing as the need for immunization grows, as does the availability of highly skilled and qualified medical workers in hospitals. Favorable reimbursement rules for hospital procedures and expansion of healthcare facilities are driving demand for various anesthesia gadgets from hospitals.

COVID-19 Impact on Anesthesia Machines Industry

COVID-19 has had a devastating impact on the lifestyle of people and the global medical devices market. The COVID-19 pandemic changed the perception of healthcare among individuals.

COVID-19 brought the entire world to a standstill.  This current health issue has had a major impact on businesses across industries. Because of the pandemic, chronic disease management and patient monitoring were severely disrupted, and many patients were unable to visit hospitals.

As soon as restrictions were relaxed, demand for anesthesia machines increased. Because these machines are used in surgical operations to relieve pain, general growth in the number of surgeries conducted had a significant impact on the market.

Latest advancements in anesthesia system technology, developments in the design of anesthesia machinery, and presence of top anesthesia machine providers are expected to boost sales of anesthetic machinery in the post pandemic era.

Competitive Landscape

Top companies in the market for anesthesia machines are using a variety of techniques, including mergers and acquisitions and alliances, among others to achieve growth in the market.

The market for anesthesia machines is moderately competitive, with many major players. Few leading anesthesia machine suppliers currently dominate the market in terms of market share.

Market players are focusing on new product developments and launching of innovative products with additional features and capabilities.

Anesthesia Machines Industry Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn, Volume in Units
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • Italy
  • France
  • U.K
  • Nordic
  • Spain
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
  • Turkey
Key Market Segments Covered
  • Form
  • Product Type
  • Subject
  • Anesthesia Disposables and Accessories
  • Clinical Indication
  • End User
  • Region
Key Companies Profiled
  • DRE Medical
  • Spacelabs Healthcare
  • Dragerwerk AG
  • Midmark Corporation
  • Shenzhen Comen Medical Instruments Co. Ltd.
  • Heyer Medical AG
  • Dameca A/S
  • Infinium Medical Inc.
  • Koninklijke Philips N.V
  • General Electric Company
Pricing Available upon Request

Key Segments Covered in Anesthesia Machines Industry Research

  • Form

    • Portable Anesthesia Machines
    • Standalone Anesthesia Machines
  • Product Type

    • Continuous Anesthesia Machines
    • Intermittent Anesthesia Machines
    • Modern Anesthesia Machines
    • Anesthesia Ventilators
    • Anesthesia Monitors
    • Anesthesia Delivery Machines
    • Anesthesia Workstations
    • Others
      • Anesthesia Portable Delivery Machines
      • Anesthesia Standalone Delivery Machines
      • Boyles Anesthesia Machine
      • Computer Controlled Anesthesia
      • Patient Monitoring Devices
      • Anesthetic Machinery
      • Anesthesia Information Management System (AIMS)
  • Subject

    • Human Anesthesia Machines
    • Veterinary Anesthesia Machines
  • Anesthesia Disposables and Accessories

    • Anesthesia Masks
    • Anesthesia Circuits
    • Endotracheal Tubes (ETTs)
    • Laryngeal Mask Airways (LMAs)
  • Clinical Indications

    • Use of Anesthesia Machines in Nervous System Surgeries
    • Use of Anesthesia Machines in ENT System Surgeries
    • Use of Anesthesia Machines in Respiratory System Surgeries
    • Use of Anesthesia Machines in Cardiovascular System Surgeries
    • Use of Anesthesia Machines in Digestive System Surgeries
    • Use of Anesthesia Machines in Urinary System Surgeries
    • Use of Anesthesia Machines in Musculoskeletal System Surgeries
    • Use of Anesthesia Machines in Skin System Surgeries
  • End User

    • Use of Anesthesia Machines in Hospitals
    • Use of Anesthesia Machines in Specialty Clinics
    • Use of Anesthesia Machines in Ambulatory Surgical Centers
    • Use of Anesthesia Machines in Point Of Care

- FAQs -

The global anesthesia machines market is currently worth more than US$ 11 Bn.

From 2016-2020, sales of anesthesia machines registered a CAGR of 3%.

Increase in number of surgeries and growth in the geriatric population are driving market growth.

DRE Medical, Spacelabs Healthcare, Dragerwerk AG, Midmark Corporation, and Shenzhen Comen Medical Instruments Co. Ltd. are some renowned suppliers of anesthesia machines.

North America, with 40% of the global market share, will largely contribute to the growth of anesthesia machines revenue.

Sales of anesthesia machines in Germany will most likely increase at a CAGR of 3% over the next ten years.

Top 5 manufacturers of anesthesia machines hold around 55% market share.

Anesthesia monitors continue to be the highest revenue-generating segment accounting for 50% of global revenue.

The U.S., China, Germany, Canada, and Russia are expected to drive most of the demand for anesthesia machines.

The market for anesthesia machines is expected to surge at 6% CAGR from 2021-2031  

Anesthesia Machines Market

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