Anesthesia Machines Market by Offering (Anesthesia Workstation, Delivery Systems, Portable, Monitor, Ventilator, Circuit, Mask, Vaporizer) Application (Orthopedic, Neurology, Cardiology, Urology) End User (Hospital, Clinic, ASC) - Global Forecast to 2030

Anesthesia Machines Market Size & Forecast

The Anesthesia Machines Market is projected to reach $7.71 billion by 2030, at a CAGR of 7.5% from 2024 to 2030. Anesthesia machines or anesthesia delivery systems are medical devices used to administer anesthesia to patients during surgical procedures. They deliver precise concentrations of anesthetic gases and drugs, ensuring patient comfort and pain relief, and monitor and manage patients' vital functions during surgery. Additionally, anesthesia ventilators are a key aspect of anesthesia delivery systems to supply oxygen to patients during surgical procedures. Physicians in hospitals, specialty clinics, and ambulatory surgical centers use anesthesia machines.

The growth of the anesthesia machines market is attributed to the high adoption of surgical procedures, the growing prevalence of chronic diseases, the aging population, and technological advancements in anesthesia devices. Additionally, increasing focus on patient comfort is expected to provide significant opportunities for players operating in the market.

Furthermore, the growing focus on patient comfort is expected to provide significant opportunities for market players. However, the high cost of anesthesia machines, adverse anesthesia reactions, and stringent regulations restrain the market’s growth. Moreover, low awareness and adoption, a shortage of skilled professionals, and high maintenance of anesthesia machines are the major challenges to the market’s growth.

High Adoption of Surgical Procedures

As of 2020, around 310 million major surgeries are performed each year globally. High adoption of surgical procedures can be attributed to the following reasons:

Lifestyle Changes and Prevalence of Chronic Conditions: Changing lifestyles, including sedentary habits, poor diet, and increased stress levels, lead to a rise in chronic diseases such as diabetes, hypertension, and respiratory disorders. Surgical procedures often become necessary to manage and treat these conditions.

High and Growing Disease Burden: The burden of cardiovascular diseases, cancer, obesity-related conditions, and orthopedic disorders is growing worldwide. Many of these conditions require surgical procedures as part of the treatment plan, leading to a higher demand for surgeries.

Advancements in Surgical Techniques: Advances in surgical techniques have made performing a broader range of surgeries possible. Minimally invasive procedures, robotic-assisted surgeries, and other innovative techniques have resulted in the adoption of surgical treatments.

With the growing number of surgical procedures, the demand for anesthesia machines is increasing. Healthcare facilities, including hospitals, ambulatory surgical centers, and specialty clinics, are investing in technologically advanced anesthesia machines to provide superior patient care, a successful outcome of surgical procedures, and patient comfort, driving the anesthesia machines market globally.

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High burden of Chronic Diseases, coupled with the Aging Population to Drive the Growth of this Market

According to the United Nations, the global population of people aged 65 and above is estimated to reach 1.5 billion in 2050, compared to 703 million in 2019. Older people are more prone to arthritis, cardiac anomalies, and cancer. For instance, according to the National Poll on Healthy Aging by the University of Michigan (U.S.), in 2022, 70% of total respondents aged between 50-80 years of age reported symptoms of arthritis and joint pain in the U.S. These conditions often require surgical procedures in the treatments offered by their doctors have less effect in the management of the condition.

Therefore, the growing geriatric population prone to chronic conditions leads to increasing adoption of surgical procedures. Anesthesia delivery systems provide automated and precise dosages of anesthetic for surgical procedures and monitor the oxygen concentration in the inspired gas and the blood during all anesthetics, which is crucial during a surgical procedure. This is expected to increase the adoption of anesthesia machines globally, driving market growth.

Chronic diseases tend to be of longer duration than most infectious diseases. Chronic diseases can occur due to genetic, lifestyle, and environmental factors. The major chronic diseases are cardiovascular diseases, cancers, chronic respiratory diseases, and diabetes. The burden of these chronic diseases is high globally, resulting in life loss. Following are the statistics as of 2022 reported by the World Health Organization:

• Chronic diseases result in the deaths of 41 million people each year globally, accounting for 74% of total deaths.
• Cardiovascular diseases account for 17.9 million deaths, followed by cancers at 9.3 million, chronic respiratory diseases at 4.1 million, and diabetes at 2.0 million (including kidney disease deaths due to diabetes)

These chronic diseases generally require surgeries as a part of their treatment plan. The high burden of chronic diseases leads to the high adoption of surgeries. Anesthesia is administered to patients before surgery for pain management and comfort. Anesthesia machines help administer accurate dosages of anesthetics. Additionally, anesthesia monitors are crucial in monitoring patients’ vitals during surgical procedures. Therefore, the high burden of chronic diseases results in a high number of surgical procedures, leading to the adoption of anesthesia devices driving market growth.

Anesthesia Machines Market: Competitive Analysis

The report offers a competitive landscape based on an extensive assessment of the leading players’ product portfolios and geographic presence and the key growth strategies adopted by them in the last three to four years. The key players profiled in the anesthesia machines market report are Medtronic PLC (Ireland), Draegerwerk AG (Germany), Koninklijke Philips NV (Netherlands), GE HealthCare Technologies Inc. (U.S.), Becton Dickinson and Company (U.S.), Fisher & Paykel Healthcare (New Zealand), B. Braun SE (Germany), HEYER Medical AG (Germany), Mindray Medical International Limited (China), Smiths Group plc (U.K.), OSI Systems, Inc. (U.S.), Getinge AB (Sweden), Ambu A/S (Finland), and BPL Medical Technologies (India).

Key Findings in the Anesthesia Machines Market Study:

Based on Offering, in 2024, the Anesthesia Workstations Segment is Expected to Account for the Largest Share of the Anesthesia Machines Market

The high rate of surgical procedures carried out each year, the growing prevalence of chronic diseases, and the high adoption of anesthesia workstations in developed countries due to its benefits are responsible for the largest share of the segment. Anesthesia workstations consist of a broad range of equipment, including anesthesia machines, physiologic monitors, and accessories such as active suction equipment and adjunctive bag-valve-mask devices. They provide oxygenation, ventilation, and administration of volatile anesthetics. Due to the multiple functions carried out by the workstations, medical professionals highly prefer them for surgical procedures globally.

Based on Application, in 2024, the Orthopedic Segment is Expected to Account for the Largest Share of the Anesthesia Machines Market

The large share of the segment is attributed to the high prevalence of orthopedic injuries leading to surgeries and musculoskeletal disorders such as osteoarthritis. According to the AAOS American Joint Replacement Registry, in 2022, 2.8 million hip and knee replacement procedures were performed in the U.S., an increase of 14% from 2021.

Based on End User, in 2024, the Hospitals Segment is Expected to Account for the Largest Share of the Anesthesia Machines Market

The large market share of this segment can be attributed to the high preference of patients for hospitals for surgical procedures compared to ambulatory surgical centers, increasing surgical procedures globally, and hospital and specialty clinics’ increasing focus on patient comfort. Patients prefer hospitals to treat major life-threatening diseases such as cardiovascular diseases, cancers, and severe diabetic complications. These conditions usually require surgical interventions.

North America: Dominant Regional Market

Based on geography, North America is expected to dominate the anesthesia machines market in 2024. North America’s major market share is attributed to advancements in medical and surgical technologies, the high prevalence of chronic diseases, the high number of surgeries performed each year, and high healthcare expenditures.

Anesthesia Machines Market Report Summary:

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