According to the anesthesia vaporizers industry analysis, market research analysts at Technavio has shown that the global anesthesia vaporizers market will witness impressive growth and post a CAGR of more than 6% over the forecast period. Several companies are entering into partnerships with hospitals and healthcare departments of various governments, which is expected to increase the sales of anesthesia vaporizers significantly. Through such partnerships, companies also train professionals to improve their skills. Moreover, long-term partnerships with hospitals help Tier 1 and Tier 2 companies to grow more as they receive complete support from the governments, which, in turn, will drive this market’s growth in the coming years.
Anesthesia vaporizers market trends
One of the recent anesthesia vaporizers market trends spurring the growth prospects of this market is the presence of anesthesia vaporizers servicing companies. After about two to three years of service, most anesthesia vaporizers have to be calibrated to ensure that the vaporizer is delivering the required concentration of the anesthetic agent. If servicing of anesthesia vaporizers is not done on a timely basis, it can result in leaking of the anesthetic agent, leading to a potential health hazard. There are a few companies in the market that offer to service of vaporizers in hospitals, clinics, and ambulatory surgical centers.
Anesthesia vaporizers market forecast: Competitive landscape and key vendors
The global anesthesia vaporizers market is characterized by the presence of well-established global and local players. The competition is likely to intensify with advances in technology and the upgradation of product offerings. The presence of anesthesia vaporizer servicing companies and distributors is also expected to increase competition among the vendors.
Key vendors in the anesthesia vaporizers market
Anesthesia vaporizers market segmentation by end-users
Hospitals and clinics
Ambulatory surgical centers (ASCs)
Based on the anesthesia vaporizers market outlook, the hospitals and clinics segment was the highest revenue generating sector during 2015 and is expected to continue its dominance over the next four years. Most multispecialty hospitals have more than 500 hospital beds, and as a result, procure medical products and consumables on bulk quantities and engage closely with many suppliers, reimbursement authorities, and government organizations.
Anesthesia vaporizers market segmentation by geography
In terms of geography, the Americas is anticipated to hold the majority of revenue market shares by 2020. The anesthesia vaporizer market in the Americas is growing due to the increasing number of surgical procedures and hospital admissions. The US is the highest revenue contributor in the region. Also, the increasing adoption of anesthesia vaporizers by hospital outpatient settings will aid in the growth of this market in the region over the next four years.
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 vaporizers market?
What are the key market trends impacting the growth of the global anesthesia vaporizers market?
What are the challenges to market growth for anesthesia resuscitators?
Who are the key vendors in the global anesthesia vaporizers market?
What are the market opportunities and threats faced by the vendors in the global anesthesia vaporizers 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 vaporizers market?
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