Outlook of the anesthesia delivery systems market
Technavio’s market research analysts predict the global anesthesia delivery systems market to grow steadily at a CAGR of more than 6% over the forecast period. With the increasing number of surgical procedures, this market is expected to have a positive outlook in the coming years. Most people aged 60, and above are susceptible to age-related conditions like COPD, arthritis, and heart disorders and may require surgical intervention for effective disease management. A rise in the population of individuals with such diseases will increase the demand for user-friendly surgical equipment to treat these conditions. Also, traumatic accidents and injuries are other conditions that can lead to emergency surgical procedures, thereby impelling the growth prospects of this market by the end of 2020.
In this market study report, the analysts have estimated factors such as the growing popularity of medical tourism in emerging countries to contribute to the growth of this market. Medical tourism is gaining popularity in many Asian countries, such as India, Singapore, South Korea, and Malaysia, East and Central European countries, and Mexico. These countries boast sufficient medical human resource, advanced hospital infrastructure, latest medical equipment, and low-cost treatment which has led to the proliferation of medical tourism. The growing demand for surgeries will result in an augmented demand for high-quality anesthesia delivery systems in the coming years.
Segmentation by component type and analysis of the anesthesia delivery systems market
- Anesthesia machines
- Breathing circuits
During 2015, the anesthesia machines segment dominated the market and accounted for almost 92% of the market share in terms of revenue. This growth of this segment is driven by the introduction of anesthesia machines with special features like advanced ventilators, additional and new modes of ventilation, graphical screens, and electronic ventilators that are driven by software. Moreover, a large patient pool of chronic diseases in emerging countries will aid in this segment’s growth until the end of 2020.
Geographical segmentation and analysis of the anesthesia delivery systems market
The Americas was the leading revenue contributor to revenue and is expected to reach more than USD 1 billion by the end of 2020. Factors such as the growing awareness of technological advancements in the field of anesthesiology and an increasing number of surgical procedures will propel this market’s growth in the region.
Competitive landscape and key vendors
The global anesthesia delivery systems market is quite competitive due to the presence of numerous global and regional providers. Global providers use advanced technologies and invest extensively in R&D to expand their product portfolio and decrease competition from new players. The vendors in this market use advanced technologies and invest extensively in R&D to expand their product portfolio and minimize competition from new players.
Key vendors in this market are -
- Drägerwerk
- GE Healthcare
- Maquet
- Mindray Medical International
- Penlon
Other prominent vendors in the market include Beijing Aeonmed, Beijing Siriusmed Medical Device, Goodhealth, Henin + Löwenstein, HERSILL, HEYER Medical, Medtronic, Oricare, Philips, Shenzhen Landwind Industry, Smiths Medical, Spacelabs Healthcare, and Vincent Medical.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global anesthesia delivery systems market?
- What are the key market trends impacting the growth of the global anesthesia delivery systems market?
- What are the challenges to market growth for anesthesia delivery systems?
- Who are the key vendors in the global anesthesia delivery systems market?
- What are the market opportunities and threats faced by the vendors in the global anesthesia delivery systems market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global anesthesia delivery systems market?
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