Germany Anesthesia Devices Market Size (2024 - 2029)

The Germany Anesthesia Devices Market is projected to experience growth over the forecast period, driven by an increase in surgical procedures requiring anesthesia, an aging population, and advancements in anesthesia technology. The market's expansion is expected despite short-term challenges posed by the COVID-19 pandemic, which led to a decline in surgical procedures due to the risk of in-hospital transmission. The rising prevalence of chronic diseases among the geriatric population, coupled with the backlog of postponed surgeries, is anticipated to contribute to the market's growth trajectory.

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Market Size of Germany Anesthesia Devices Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 1.04 Billion
Market Size (2029) USD 1.48 Billion
CAGR (2024 - 2029) 7.40 %

Major Players

Germany Anesthesia Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Germany Anesthesia Devices Market Analysis

The Germany Anesthesia Devices Market size is estimated at USD 1.04 billion in 2024, and is expected to reach USD 1.48 billion by 2029, growing at a CAGR of 7.40% during the forecast period (2024-2029).

As a result of the COVID-19 pandemic, surgical procedures have experienced a major decline in Germany. Various elective and non-emergent surgeries have been postponed or canceled. As per a study published by Elsevier Inc. in October 2020, Leipzig and Greifswald University Hospitals, Germany reported that 89 and 92 elective surgeries were postponed, in the Departments of General, Visceral, Thoracic, and Vascular Surgery, respectively. Due to the high risk of in-hospital transmission and disproportionate perioperative rates of morbidity and mortality in COVID-19 patients, surgeons are facing challenges in the triage of surgeries into emergency, urgent and elective. This is anticipated to have a negative short-term impact on market growth. However, it is expected that surgical volumes are anticipated to increase by 2021 due to the backlog of procedures postponed in 2019 and 2020.

Factors such as the rising number of surgical procedures requiring anesthesia, the increasing geriatric population prone to chronic diseases, and technological advancements in anesthesia technology are driving the market over the forecast period. As per the statistics published by Eurostat in 2018, a total of 233,300 cesarean sections were performed in Germany. At the same time, hip replacement surgeries accounted for 311 times per 100,000 inhabitants in Germany in 2018. In addition, the population in Germany is aging rapidly, owing to the reducing birth rates and increasing life expectancy, and it is resulting in a high prevalence of chronic diseases requiring anesthesia. According to the Federal Statistical Office of Germany, in 2019, nearly 18.09 million of the German population was aged 65 years and more. As the population continues to age, the prevalence rates for chronic diseases requiring continuous monitoring are also expected to rise. The geriatric population is highly prone to degenerative diseases and chronic illnesses, which have created a demand for surgeries, which, in turn, propels the growth of the anesthetic devices market.

Germany Anesthesia Devices Industry Segmentation

As per the scope of the report, anesthesia devices are used to check a patient's response toward 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 German anesthesia devices market is segmented by product type (anesthesia machines and disposables and 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
Disposables and Accessories
Anesthesia Circuits (Breathing Circuits)
Anesthesia Masks
Endotracheal Tubes (ETTs)
Laryngeal Mask Airways (LMAs)
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Germany Anesthesia Devices Market Size Summary

The Germany anesthesia devices market is poised for significant growth over the forecast period, driven by an increasing number of surgical procedures requiring anesthesia and advancements in anesthesia technology. The aging population in Germany, coupled with a high prevalence of chronic diseases, is creating a heightened demand for surgeries, thereby propelling the market for anesthesia devices. Despite the short-term negative impact of the COVID-19 pandemic on surgical volumes, a backlog of postponed procedures is expected to boost market growth in the coming years. Integrated anesthesia workstations, which offer user-friendly and customizable features, are gaining popularity due to their ability to optimize workflow and reduce costs. These devices' capability to integrate various functionalities into a single machine is enhancing their appeal among medical professionals, further driving market expansion.

The competitive landscape of the German anesthesia devices market is characterized by the presence of both international and domestic players, with companies like Ambu A/S, B. Braun Melsungen AG, Draegerwerk AG, and GE Healthcare leading the charge. These market players are actively pursuing inorganic growth strategies such as mergers, acquisitions, and partnerships to strengthen their market position. Recent product launches and strategic collaborations, such as Mindray's introduction of new anesthesia systems and the exclusive distribution deal between Vygon Group and Medovate, are indicative of the dynamic nature of the market. As innovations and approvals continue to emerge, the market is expected to experience steady growth, driven by the demand for advanced anesthesia solutions.

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Germany 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 Rising Number of Surgical Procedures and Growing Geriatric Population

      2. 1.2.2 Technological Advancements in Anesthesia Technology

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Equipment and Reimbursement Issues

    4. 1.4 Porter's Five Forces 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

    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 Disposables and 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)

Germany Anesthesia Devices Market Size FAQs

The Germany Anesthesia Devices Market size is expected to reach USD 1.04 billion in 2024 and grow at a CAGR of 7.40% to reach USD 1.48 billion by 2029.

In 2024, the Germany Anesthesia Devices Market size is expected to reach USD 1.04 billion.

Germany Anesthesia Devices Report Snapshots

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