Anesthesia Devices Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 17.09 Billion |
| Market Size (2029) | USD 24.77 Billion |
| CAGR (2024 - 2029) | 7.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Anesthesia Devices Market Analysis
The Anesthesia Devices Market size is estimated at USD 17.09 billion in 2024, and is expected to reach USD 24.77 billion by 2029, growing at a CAGR of 7.70% during the forecast period (2024-2029).
Advancements in anesthesia delivery and monitoring technology, a rise in the number of surgical procedures requiring anesthesia, the increasing prevalence of chronic diseases, and the growing geriatric population are the major factors enhancing the market's growth.
A steep rise in the incidences of sports-related and spinal cord injury (SCI) and accidental fracture cases resulted in surgical procedures, thus leading to more usage of anesthesia devices. For instance, according to the data published by the National Spinal Cord Injury Statistical Center in 2023, the annual incidence of traumatic spinal cord injury (tSCI) was approximately 54 cases per one million people in the United States, which accounted for 18,000 new SCI cases annually. The estimated number of people with SCI living in the United States in 2023 was approximately 305,000, varying from 257,000 to 388,000. Thus, the high prevalence of spinal cord injury is expected to increase the demand for surgical procedures, thereby boosting the usage of anesthesia devices and contributing to market growth.
The increasing geriatric population prone to chronic diseases is likely to fuel the demand for anesthesia devices used during surgical procedures, contributing to market growth. For instance, according to the UN Population Fund's India Ageing Report 2023, published in September 2023, the number of people aged 60 years and above is expected to rise from 149 million in 2022 to 347 million by 2050. Thus, the growing geriatric population prone to chronic diseases is anticipated to increase the usage of anesthesia devices during surgical procedures and drive market growth.
The increasing technological innovations in anesthesia monitoring technology are also expected to boost the market's growth. For instance, according to an article published by PubMed Central in July 2022, a study was conducted in which an intelligence model was developed that helped predict the depth of anesthesia from a single-channel electroencephalograph (EEG) signal. Thus, developing such newer technologies is also expected to enhance the market's growth.
Therefore, the rising prevalence of chronic diseases, rising surgical procedures, and increasing development of newer technologically advanced anesthesia products are likely to boost the growth of the market during the forecast period. However, the high cost of equipment, difficulties associated with the usage of anesthesia devices, and reimbursement and regulatory issues are expected to hinder the market's growth.
Anesthesia Devices Market Trends
The Anesthesia Monitors Segment is Expected to Register a Significant CAGR During the Forecast Period
Anesthesia monitors help record and display the delivery of anesthetic substances, like gases, drugs, and fluids, to the doctor. During surgeries, these are used to check the patient's health and reaction to the indication of anesthesia. The integration of various functionalities, such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, coupled with decision support systems and data analysis to aid clinicians in getting better insights on their patients, is favoring market growth. The rising prevalence of chronic diseases, the growing geriatric population, technological advancements in anesthesia monitors, and the increasing number of surgical procedures are expected to boost the segment's growth.
The increasing number of surgical procedures worldwide is expected to augment the market's growth over the forecast period. For instance, according to the data published by the International Society of Aesthetic Plastic Surgery in 2022, around 14.9 million surgical aesthetic procedures were performed worldwide in 2022. Thus, the high number of surgical procedures is expected to boost the adoption of anesthesia monitors.
Additionally, according to the World Stroke Organization data for 2022, almost 5 million new cases of atrial fibrillation and flutter are diagnosed each year. The prevalence of atrial fibrillation in people of all ages was expected to reach 60 million in 2022. The high burden of atrial fibrillation is projected to increase the adoption of anesthesia monitors during surgical treatment, thus enhancing the segment's growth.
According to the World Population Prospects 2022, the percentage of the population aged 65 years and older was estimated to be 10% in 2022, and it is expected to reach 16% by 2050. As chronic diseases requiring surgeries are more common in older adults, the surging geriatric population is projected to propel the market's growth during the forecast period.
Hence, factors such as the rising number of surgical procedures, the increasing prevalence of chronic diseases, and the growing geriatric population are expected to enhance the segment's growth.
North America is Expected to Hold a Significant Share of the Market Over the Forecast Period
North America is expected to hold a significant share of the overall market throughout the forecast period due to the rapid increase in the number of diseases, such as obesity, cardiovascular problems, and different types of cancers, which have contributed to the rise in the number of open and minimally invasive surgeries. The increasing number of minimally invasive surgeries for chronic diseases is boosting the growth of the anesthesia devices market in the region.
For instance, according to the data published by the American Cancer Society in 2024, an estimated 299,010 new prostate cancer cases are expected to be diagnosed in the United States in 2024. In addition, according to the same source, about six in 10 cases are diagnosed in men aged 65 or older. Such an increase in the prevalence of cancer is estimated to boost the demand for anesthesia devices for the surgical treatment of cancer, ultimately driving the market's growth in the region.
According to the study published by the Canadian Medical Association Journal in June 2024, it is estimated that 247,100 people will be diagnosed with cancer in Canada in 2024. This growth is mainly due to Canada's growing aging population. Thus, the growing prevalence of cancer is expected to boost the usage of anesthesia devices, therefore driving the market's growth in the region over the forecast period.
The critical developments by various market players are also enhancing the market's growth in the region. For instance, in October 2022, Intelligent Ultrasound received the US Food and Drug Administration De Novo approval for the ScanNav Anatomy peripheral nerve block device. This medical device is intended to help anesthetists and other health professionals identify important anatomical structures in ultrasound images before inserting needles to deliver regional anesthesia.
Therefore, owing to the rising prevalence of chronic diseases and the key developments by market players, the market is anticipated to grow in the region over the forecast period.
Anesthesia Devices Industry Overview
The anesthesia devices market is moderately competitive and consists of several major players. In terms of market share, few major players currently dominate the market. With the rising patient awareness levels, high prevalence of diseases, and a rising number of surgeries, few other smaller players are expected to enter the market in the coming years. Some of the major players include B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Koninklijke Philips NV, and Fisher & Paykel Healthcare.
Anesthesia Devices Market Leaders
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Medtronic PLC
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Draegerwerk AG
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Koninklijke Philips NV
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Fisher & Paykel Healthcare
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B. Braun SE
*Disclaimer: Major Players sorted in no particular order
Anesthesia Devices Market News
- August 2023: Mindray introduced upgrades to its A7 and A5 anesthesia systems, which can facilitate anesthesiologists' provision of accurate anesthesia to patients and enhance patient safety.
- March 2023: BHV Partners introduced a new startup, Conus Airway, in Spain. The company focuses on providing products for enacting anesthesia during respiratory tract surgeries.
Anesthesia Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Advancements in Anesthesia Delivery and Monitoring Technology
- 4.2.2 Rise in the Number of Surgical Procedures Requiring Anesthesia
- 4.2.3 Increasing Prevalence of Chronic Diseases and Growing Geriatric Population
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4.3 Market Restraints
- 4.3.1 High Cost of Equipment
- 4.3.2 Difficulties Associated with the Usage of Anesthesia Devices
- 4.3.3 Reimbursement and Regulatory Issues
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
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5.1 Product Type
- 5.1.1 Anesthesia Machines
- 5.1.1.1 Anesthesia Workstation
- 5.1.1.2 Anesthesia Delivery Machines
- 5.1.1.2.1 Portable
- 5.1.1.2.2 Standalone
- 5.1.1.3 Anesthesia Ventilators
- 5.1.1.4 Anesthesia Monitors
- 5.1.2 Disposables and Accessories
- 5.1.2.1 Anesthesia Circuits (Breathing Circuits)
- 5.1.2.2 Anesthesia Masks
- 5.1.2.3 Endotracheal Tubes (ETTs)
- 5.1.2.4 Laryngeal Mask Airways (LMAs)
- 5.1.2.5 Other Disposables and Accessories
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Mexico
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 United Kingdom
- 5.2.2.3 France
- 5.2.2.4 Italy
- 5.2.2.5 Spain
- 5.2.2.6 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 Japan
- 5.2.3.3 India
- 5.2.3.4 Australia
- 5.2.3.5 South Korea
- 5.2.3.6 Rest of Asia-Pacific
- 5.2.4 Middle East and Africa
- 5.2.4.1 GCC
- 5.2.4.2 South Africa
- 5.2.4.3 Rest of Middle East and Africa
- 5.2.5 South America
- 5.2.5.1 Brazil
- 5.2.5.2 Argentina
- 5.2.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 B. Braun SE
- 6.1.2 Medtronic PLC
- 6.1.3 Draegerwerk AG
- 6.1.4 Ambu AS
- 6.1.5 Fisher & Paykel Healthcare
- 6.1.6 GE Healthcare
- 6.1.7 Koninklijke Philips NV
- 6.1.8 Mindray Medical International Limited
- 6.1.9 Smiths Medical
- 6.1.10 Teleflex Inc.
- 6.1.11 Comen Medical
- 6.1.12 Allied Medical Limited
- 6.1.13 BPL Medical Technologies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAnesthesia Devices Industry Segmentation
As per the scope of the report, anesthesia devices are used to deliver anesthetic agents and 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 deliver, control, and monitor the dose of anesthesia.
The anesthesia devices market is segmented by product type and geography. By product type, the market is segmented into anesthesia machines and disposables and accessories. By product types, the market is sub-segmented into anesthesia workstations, anesthesia delivery machines, anesthesia ventilators, and anesthesia monitors. By disposables and accessories, the market is sub-segmented into anesthesia circuits (breathing circuits), anesthesia masks, endotracheal tubes (ETTs), laryngeal mask airways (LMAs), and other disposables and accessories. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. For each segment, the market size is provided in terms of value (USD).
| Product Type | Anesthesia Machines | Anesthesia Workstation | |
| Anesthesia Delivery Machines | Portable | ||
| Standalone | |||
| Anesthesia Ventilators | |||
| Anesthesia Monitors | |||
| Product Type | Disposables and Accessories | Anesthesia Circuits (Breathing Circuits) | |
| Anesthesia Masks | |||
| Endotracheal Tubes (ETTs) | |||
| Laryngeal Mask Airways (LMAs) | |||
| Other Disposables and Accessories | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Geography | Europe | Germany | |
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Rest of Europe | |||
| Geography | Asia-Pacific | China | |
| Japan | |||
| India | |||
| Australia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Geography | Middle East and Africa | GCC | |
| South Africa | |||
| Rest of Middle East and Africa | |||
| Geography | South America | Brazil | |
| Argentina | |||
| Rest of South America |
Anesthesia Devices Market Research FAQs
How big is the Anesthesia Devices Market?
The Anesthesia Devices Market size is expected to reach USD 17.09 billion in 2024 and grow at a CAGR of 7.70% to reach USD 24.77 billion by 2029.
What is the current Anesthesia Devices Market size?
In 2024, the Anesthesia Devices Market size is expected to reach USD 17.09 billion.
Who are the key players in Anesthesia Devices Market?
Medtronic PLC, Draegerwerk AG, Koninklijke Philips NV, Fisher & Paykel Healthcare and B. Braun SE are the major companies operating in the Anesthesia Devices Market.
Which is the fastest growing region in Anesthesia Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Anesthesia Devices Market?
In 2024, the North America accounts for the largest market share in Anesthesia Devices Market.
What years does this Anesthesia Devices Market cover, and what was the market size in 2023?
In 2023, the Anesthesia Devices Market size was estimated at USD 15.77 billion. The report covers the Anesthesia Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Anesthesia Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Anesthesia Devices Industry Report
The Anesthesia Delivery Devices Market Report is segmented by product type, including anesthesia machines, disposables, and accessories, and by geography, covering North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report offers the value for all the above segments. It provides a comprehensive industry analysis, including a market forecast outlook and historical overview.
The industry report highlights the market analysis, market share, and market trends within the anesthesia devices sector. The global market is expected to see significant growth, driven by advancements in technology and increasing demand for effective anesthesia delivery systems. The market research includes insights into industry leaders and their contributions to market growth.
The industry overview presents detailed information on the market size and the factors influencing market growth. The market report outlines the key market segmentation and provides an in-depth market review. The market forecast predicts continued expansion in the coming years, supported by industry trends and market data.
The report example includes a free report PDF download, offering valuable industry information and statistics. The market outlook and market predictions are based on thorough industry research and analysis. The report also covers market value and industry sales, providing a complete picture of the current and future state of the anesthesia delivery devices market.
Overall, the report provides a detailed market overview, including market segmentation, market value, and market growth. It is an essential resource for research companies and industry stakeholders looking to understand the market dynamics and make informed decisions. The industry outlook and market forecast are supported by robust industry reports and market data, ensuring accurate and reliable insights into the anesthesia delivery devices market.
