China Anesthesia Devices Market Size (2024 - 2029)

The China Anesthesia Devices Market is projected to experience significant growth over the forecast period, driven by factors such as an increasing geriatric population, a rise in surgical procedures requiring anesthesia, and technological advancements in anesthesia technology. The market's expansion is further supported by the resumption of services post-COVID-19 and the high number of surgical backlogs, which have heightened the demand for anesthesia delivery and monitoring devices. Despite challenges like the complexities of using anesthesia devices and product recall issues, the market is poised for growth due to the rising prevalence of chronic diseases and the development of advanced products by companies in the sector.

Market Size of China Anesthesia Devices Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.85 Billion
Market Size (2029) USD 1.21 Billion
CAGR (2024 - 2029) 7.30 %
Market Concentration High

Major Players

China Anesthesia Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Anesthesia Devices Market Analysis

The China Anesthesia Devices Market size is estimated at USD 0.85 billion in 2024, and is expected to reach USD 1.21 billion by 2029, growing at a CAGR of 7.30% during the forecast period (2024-2029).

The COVID-19 pandemic affected healthcare systems globally and resulted in the interruption of usual care in many healthcare facilities, exposing vulnerable patients to significant risks. COVID-19 has impacted the growth of the studied market. For instance, according to an article published in September 2020, titled 'Measures taken to alleviate the impact of COVID-19 outbreak on surgical patients', it has been observed that elective surgeries in Chinese hospitals dropped by 70-95% during the pandemic. Thus, the disrupted surgical procedures have impacted the demand for anesthesia monitoring devices and disposables market growth during the COVID-19 pandemic. However, the resuming services and releasing restrictions of COVID-19 and the high number of surgical backlogs are expected to increase the demand for anesthesia delivery and monitoring machines, as well as disposables over the forecast period.

Certain factors that are propelling the market growth are the increasing geriatric population and a rise in the number of surgical procedures requiring anesthesia, the presence of a large patient pool due to chronic diseases, and technological advancements in anesthesia technology.

In addition, the rising geriatric population who are more prone to develop chronic diseases such as cardiovascular diseases, bone, and joint-related disorders, and others, cause an increased verge on surgeries and therapeutics. This demands continuous monitoring, and it leads to the growth of the anesthesia devices market. For instance, according to the 2022 statistics published by the United Nations Population Fund, in China, a large proportion of the living population is aged 15-64 and accounts for 70% in 2022. In addition, as per the same source, 13% of the population is aged 65 years and above in 2022.

Additionally, the rising prevalence of chronic diseases is also expected to boost the demand for surgeries which in turn is anticipated to rise the need for anesthesia devices and disposable items, thereby fuelling the market growth. For instance, according to a study published in April 2022, titled 'Cardiovascular Disease Mortality and Potential Risk Factor in China: A Multi-Dimensional Assessment by a Grey Relational Approach', Pulmonary heart disease has become the third greatest cause of mortality and disability in the Chinese population at the turn of the century and approximately 5 million of the 290 million people with cardiovascular diseases (CVD) had pulmonary heart disease. Thus, the increasing number of patients with cardiovascular diseases in China is expected to increase the number of surgeries, which is expected to increase the demand for anesthesia delivery and monitoring devices, thereby propelling market growth.

Furthermore, rising company activities in developing technologically advanced products and increasing product launches in the country are also contributing to market growth. For instance, in December 2021, Mindray and MDoloris Medical Systems received the CE mark approval for the Analgesia Nociception Index (ANI)-MR module. The module is developed as a solution for integration into Mindray's BeneVision N Series patient monitoring devices. Also, in October 2020, Mindray launched brand new A9 and A8 anesthesia systems in Europe and other selected regions. The launches help the company to withhold its position in the high-end anesthesia machine market.

However, the difficulties associated with the usage of anesthesia devices and the issues regarding product recalls are expected to restrain the market growth over the forecast period.

China Anesthesia Devices Industry Segmentation

As per the scope of the report, anesthesia devices are devices used to check a patient's response to anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed, and it differs in every case. These devices help the anesthetist monitor the dose of anesthesia. The China Anesthesia Devices Market is segmented by Product Type (Anesthesia Machines and Disposables & Accessories). The report offers the value (in USD million) for the above segments.

By Product Type
Anesthesia Machines
Anesthesia Workstation
Anesthesia Delivery Machines
Anesthesia Ventilators
Anesthesia Monitors
Anesthesia Disposables & Accessories
Anesthesia Circuits (Breathing Circuits)
Anesthesia Masks
Endotracheal Tubes (ETTs)
Laryngeal Mask Airways(LMAs)
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China Anesthesia Devices Market Size Summary

The China anesthesia devices market is poised for significant growth over the forecast period, driven by several key factors. The increasing geriatric population, coupled with a rise in chronic diseases such as cardiovascular conditions and cancer, is leading to a higher number of surgical procedures requiring anesthesia. This trend is further exacerbated by the backlog of surgeries due to the COVID-19 pandemic, which has created a surge in demand for anesthesia delivery and monitoring devices. Technological advancements in anesthesia technology are also contributing to market expansion, as companies continue to develop and launch innovative products. Despite challenges such as the complexities associated with anesthesia devices and product recalls, the market is expected to experience robust growth.

The competitive landscape in the China anesthesia devices market is characterized by the presence of both global and domestic players, with companies like B. Braun Melsungen AG, Medtronic PLC, and Mindray leading the charge. The market's growth is further supported by strategic partnerships and product launches, such as Joimax's collaboration with Andeller (Nanjing) Healthcare and Technology Co., Ltd, and Mindray's introduction of the A8 and A9 anesthesia workstations. These developments are enhancing the availability of advanced anesthesia solutions in China, catering to the increasing demand driven by the country's evolving healthcare needs. As China continues to invest in its healthcare infrastructure, the anesthesia devices market is expected to thrive, offering opportunities for both established and emerging players.

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China Anesthesia Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Geriatric Population and a Rise in the Number of Surgical Procedures Requiring Anesthesia

      2. 1.2.2 Large Patient Pool Due to Chronic Diseases

      3. 1.2.3 Technological Advancements in Anesthesia Technology

    3. 1.3 Market Restraints

      1. 1.3.1 Difficulties Associated with the Usage of Anesthesia Devices

      2. 1.3.2 Issues regarding Product Recalls

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value in USD million)

    1. 2.1 By Product Type

      1. 2.1.1 Anesthesia Machines

        1. 2.1.1.1 Anesthesia Workstation

        2. 2.1.1.2 Anesthesia Delivery Machines

        3. 2.1.1.3 Anesthesia Ventilators

        4. 2.1.1.4 Anesthesia Monitors

      2. 2.1.2 Anesthesia Disposables & Accessories

        1. 2.1.2.1 Anesthesia Circuits (Breathing Circuits)

        2. 2.1.2.2 Anesthesia Masks

        3. 2.1.2.3 Endotracheal Tubes (ETTs)

        4. 2.1.2.4 Laryngeal Mask Airways(LMAs)

China Anesthesia Devices Market Size FAQs

The China Anesthesia Devices Market size is expected to reach USD 0.85 billion in 2024 and grow at a CAGR of 7.30% to reach USD 1.21 billion by 2029.

In 2024, the China Anesthesia Devices Market size is expected to reach USD 0.85 billion.

China Anesthesia Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)